ProLogis Leases 272,000 Square Feet in Reno
December 16 2008 - 7:00AM
PR Newswire (US)
- Company Signs Lease Agreements with Husqvarna Professional
Products and Jacobson Companies, Inc. - RENO, Nev., Dec. 16
/PRNewswire-FirstCall/ -- ProLogis (NYSE:PLD), a leading global
provider of distribution facilities, announced today it has signed
lease agreements for distribution space totaling 272,000 square
feet in shell-development facilities in Reno, Nevada. "Our recent
lease activity in Reno underlines the city's attractiveness as a
distribution hub and improves our overall leased percentage in the
market to approximately 94 percent," said Brandon J. Page, vice
president and market officer for ProLogis. "Reno offers companies
solid transportation options for distribution across the entire
western United States, due to its proximity to Interstate 80, one
of the nation's most heavily traveled east-west trucking routes."
Husqvarna Professional Products Inc, part of the worldwide
Husqvarna group of companies, which is the world's largest producer
of lawn mowers, chainsaws and portable gas-powered garden
equipment, has leased 90,000 square feet of previously un-leased
space from ProLogis at Silver Lake Business Park. The company will
use the facility to distribute its products to customers throughout
the West Coast. This is ProLogis' first lease agreement with
Husqvarna. In addition, ProLogis has grown its relationship in Reno
with Jacobson Companies, Inc., an Iowa-based third-party logistics
provider. The company is relocating and expanding with ProLogis
into 182,000 square feet of shell-development space at Tahoe-Reno
Industrial Center, Building 1. "Jacobson is a valued customer and a
well-respected, national third-party logistics provider. We now
lease approximately 529,000 square feet to the company throughout
the United States," added Page. ProLogis is the largest provider of
industrial space in Reno/Sparks with a platform of more than 105
facilities and 16.4 million square feet. Additional ProLogis
customers in the Reno/Sparks market include Barnes & Noble,
Inc., Honeywell, UPS Logistics, Sherwin-Williams and AT&T
Communications. About Husqvarna Husqvarna is the world's largest
producer of lawn mowers, chainsaws and portable gas-powered garden
equipment such as trimmers and blowers. The Husqvarna Group is also
a world leader in diamond tools and cutting equipment for the
construction and stone industries. For more information about the
company please visit: http://www.husqvarna.com/. About Jacobson
Companies A nationally ranked third-party logistics and
ISO-9001:2000 quality certified warehousing provider, Jacobson is
dedicated to providing innovative solutions to customers' supply
chain management challenges. The Jacobson organization includes the
following family of integrated operating companies: Jacobson
Warehouse Company, Jacobson Transportation Company, Jacobson
Logistics Company, Jacobson Packaging Company, and Jacobson
Staffing Company. The Jacobson Companies operate a 33
million-square-foot national warehouse network. Jacobson's
integrated transportation, warehousing and packaging and staffing
operations are designed to help customers reduce their supply chain
management costs. For more information, visit
http://www.jacobsonco.com/. About ProLogis ProLogis is the world's
largest owner, manager and developer of distribution facilities,
with operations in 136 markets across North America, Europe and
Asia. The company has $40.8 billion of assets owned, managed and
under development, comprising 548 million square feet (51 million
square meters) in 2,898 facilities as of September 30, 2008.
ProLogis' customers include 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.husqvarna.com/ http://www.jacobsonco.com/
http://www.prologis.com/
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