This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Prologis Leases More Than 1 Million Square Feet In Brazil Development Projects

SAN FRANCISCO, Oct. 4, 2012 /PRNewswire/ -- Prologis, Inc. (NYSE: PLD), the leading global owner, operator and developer of industrial real estate, today announced two new lease agreements totaling 1,067,435 square feet (99,168 square meters) in Sao Paulo, Brazil. The leases were signed with AGV Logistica, a leading third-party logistics provider, and Dafiti, one of Brazil's largest online fashion retailers.

AGV Logistica, which offers complete supply chain solutions to over 160 global and domestic clients, will occupy a 654,710 square foot (60,824 square meters) facility. This will be the first distribution center in the new Prologis CCP Cajamar II Park, located in the Cajamar submarket of Sao Paulo. Construction will begin next month with completion expected in August 2013.

With over 30 million online visitors a month, Dafiti is at the forefront of Brazil's growing e-commerce sector. The leading online fashion retailer will be occupying a 412,729 square foot (38,343 square meters) building in Prologis CCP Jundiai Industrial Park. At full build-out, Jundiai Industrial Park is expected to total approximately 1.6 million square feet (150,781 square meters), and is located in the Jundiai submarket of Sao Paulo, with direct access to Avenida Hermengildo Tonolli

Cajamar II and Jundiai Industrial Parks are joint ventures with Cyrela Commercial Properties (CCP). Developments within both Parks have been 100 percent pre-leased prior to construction being finished.

"These new agreements highlight the strong demand for Class-A, market-leading facilities in Brazil," said Nick Kittredge, Prologis' senior vice president, general manager, Brazil. "In addition to our traditional customers in the third-party logistics and consumer goods industries, we are beginning to see significant demand from e-commerce operators in Brazil. We look forward to accommodating their needs by offering modern distribution facilities that help remove operational bottlenecks."

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 Prologis Prologis, Inc. is the leading owner, operator and developer of industrial real estate, focused on global and regional markets across the Americas, Europe and 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.

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free


Chart of I:DJI
DOW 16,472.37 +200.36 1.23%
S&P 500 1,951.36 +27.54 1.43%
NASDAQ 4,707.7750 +80.6910 1.74%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs