ProLogis Leases 222,000 Square Feet in Atlanta
October 07 2009 - 7:00AM
PR Newswire (US)
- ProLogis Signs Agreements with Two Customers, Including 107,000
Square Feet of Development Portfolio Space and 115,000 Square Feet
of Previously Leased Space - ATLANTA, Oct. 7 /PRNewswire-FirstCall/
-- ProLogis (NYSE:PLD), a leading global provider of distribution
facilities, announced today it has leased a total of 222,000 square
feet to two customers in Atlanta. Innotrac Corporation, a leading
full-service provider of fulfillment, order processing, and
customer care solutions for direct-to-consumer marketers, has
signed a third-quarter lease agreement for 115,000 square feet of
space at Progress Distribution Center Building One. The facility is
located near Highway 316 in Lawrenceville, Georgia, with quick
access to Interstate 85 and has been previously leased to other
ProLogis customers such as Toys R US and Anderson Merchandisers.
Auto Metal Direct, a provider of automotive sheet metal, has signed
a third-quarter lease agreement for 107,000 square feet of newly
developed distribution space at Buford Distribution Center Building
One. The distribution facility is located off Interstate 985
approximately 37 miles northeast of Atlanta in Buford, Georgia.
"Both Auto Metal Direct and Innotrac Corporation are important
ProLogis customers, and we are very pleased to support their
distribution space needs in Atlanta," said Rodney Davidson, first
vice president and market officer at ProLogis. "While economic
conditions are still challenging, signing two new leases for more
than 100,000 square feet each is indicative of ProLogis' leading
market position and ability to provide well-located, high-quality
facilities in the Atlanta area." ProLogis is the largest owner of
industrial distribution space in Atlanta with a portfolio of
approximately 19 million square feet. Other ProLogis customers in
the area include JVC, Home Depot, LG Electronics, Petco, APL
Logistics and Subaru. About ProLogis ProLogis is a leading global
provider of distribution facilities, with more than 475 million
square feet of industrial space (44 million square meters) in
markets across North America, Europe and Asia. The company leases
its industrial facilities to more than 4,500 customers, including
manufacturers, retailers, transportation companies, third-party
logistics providers and other enterprises with large-scale
distribution needs. For additional information about the company,
go to http://www.prologis.com/. DATASOURCE: ProLogis CONTACT:
Media, Mo Sheahan of ProLogis, +1-303-567-5434, ; or Suzanne Dawson
of Linden Alschuler & Kaplan, Inc., +1-212-329-1420, , for
ProLogis; or Investors, Melissa Marsden of ProLogis,
+1-303-567-5622, Web Site: http://www.prologis.com/
Copyright
Prologis (NYSE:PLD)
Historical Stock Chart
From Apr 2024 to May 2024
Prologis (NYSE:PLD)
Historical Stock Chart
From May 2023 to May 2024