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Sept. 13, 2012 /PRNewswire/ -- Prologis, Inc. (NYSE: PLD), the leading global owner, operator and developer of industrial real estate, today announced a new lease agreement in
Sao Paulo, Brazil totaling 401,523 square feet (37,303 square meters) with a leading global logistics provider. The company will occupy the entire facility.
Prologis is committed to environmentally-friendly developments and is seeking LEED certification for the property.
"Demand for new Class-A product in
Brazil is at an all-time high, and we are developing modern logistics facilities to serve the needs of our customers," said
Nick Kittredge, Prologis' senior vice president, general manager,
Prologis CCP Jundiai Industrial Park is expected to total approximately 1,622,992 square feet (150,781 square meters) at full build-out. The project, a joint venture with Cyrela Commercial Properties (CCP), is located in the Jundiai submarket of
Sao Paulo, with direct access to
Avenida Hermengildo Tonolli and centrally located between the municipalities of Campinas and
Prologis CCP is one of the leading providers of industrial real estate in
Brazil with approximately 11.7 million square feet (1,086,967 square meters) developed or to be developed in the country as of
June 30, 2012.
About PrologisPrologis, Inc. is the leading owner, operator and developer of industrial real estate, focused on global and regional markets across the Americas,
Asia. As of
June 30, 2012, Prologis owned or had investments in, on a consolidated basis or through unconsolidated joint ventures, properties and development projects expected to total approximately 569 million square feet (52.9 million square meters) in 21 countries. The company leases modern distribution facilities to more than 4,500 customers, including manufacturers, retailers, transportation companies, third-party logistics providers and other enterprises.
SOURCE Prologis, Inc.