ProLogis Leases 227,000 Square Feet at ProLogis Park Neuenstadt in Germany
October 20 2009 - 7:00AM
PR Newswire (US)
- Two Customers Will Occupy Space in ProLogis' Development
Portfolio At a Newly Developed Distribution Park - DUSSELDORF,
Germany, Oct. 20 /PRNewswire-FirstCall/ -- ProLogis (NYSE: PLD), a
leading global provider of distribution facilities, announced today
it has leased a total of 227,000 square feet (21,100 square meters)
to two customers in southwestern Germany at ProLogis Park
Neuenstadt. "In a challenging market environment, we are very
pleased to have signed two new leases - both of significant size -
in our German development portfolio," said Christian Bischoff,
ProLogis managing director of northern Europe. "This distribution
park has received significant interest from both new and existing
ProLogis customers for its prime location, modern amenities and
sustainable features." The third-quarter transactions included
leases with: -- Panalpina, one of the world's leading providers of
forwarding and logistics services, which signed an agreement for
114,000 square feet (10,600 square meters) in Building One at
ProLogis Park Neuenstadt. Panalpina will use the space to serve its
customers' regional and national distribution needs. This is the
fourth lease agreement between ProLogis and the customer; Panalpina
now occupies ProLogis distribution space in France, Germany and the
United States. -- A leading retail company based in Germany, which
signed an agreement for 113,000 square feet (10,500 square meters)
in Building Two at the park. The logistics provider will use the
space to support the distribution needs of its customers in
southwestern Germany. ProLogis Park Neuenstadt is located in the
trade and industrial park of Unteres Kochertal (GIK), in the city
of Neuenstadt. The site is near major transportation infrastructure
and a large population center, and easily doubles as a business
complex for companies with distribution and office operations. With
three buildings and more than 773,000 square feet (71,800 square
meters) at the park, ProLogis maintains the largest market share of
available, modern industrial distribution space in the
Heilbronn-Neuenstadt region of Germany. ProLogis is the largest
provider of industrial space in Germany with approximately 15
million square feet (1.4 million square meters) owned, managed or
under development. Other ProLogis customers in the country include
BLG, Dachser, DSV, Jack Wolfskin, LGI and Rewe. 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/
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