ProLogis Leases 174,000 Square Feet to Canon Near Chicago
December 17 2008 - 7:00AM
PR Newswire (US)
CHICAGO, Dec. 17 /PRNewswire-FirstCall/ -- ProLogis (NYSE:PLD), a
leading global provider of distribution facilities, announced today
it has leased approximately 174,000 square feet of recently
completed distribution space near Chicago to Canon USA, Inc., a
leading manufacturer of copiers, scanners, printers, fax machines
and related office and consumer products. Canon now occupies
multiple distribution facilities with ProLogis in Mexico City,
northern New Jersey and Chicago. "We are pleased that Canon has
selected ProLogis again to expand their distribution network in
North America," said Matt Marshall, vice president and Canon
customer contact at ProLogis. "ProLogis is proud to support the
distribution needs of such a well regarded company." "Despite
challenging economic times, ProLogis has experienced solid new
leasing activity during the fourth quarter in Chicago," said Doug
Kiersey, senior vice president and Midwest regional director for
ProLogis. "This market is one of the most popular distribution hubs
in the United States due to its excellent highway access and
central Midwestern location." ProLogis is one of the largest
providers of industrial space in the Chicago metro area, with a
platform of more than 105 facilities and 23.7 million square feet
owned, managed or under development. In November 2008, ProLogis
announced a new, 750,500-square-foot lease agreement with
Kimberly-Clark near Chicago. Additional ProLogis customers in this
market include APL Logistics, Anixter, Clorox, Kuehne + Nagel and
UPS Supply Chain Services. 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: CONTACT: Media, Suzanne Dawson of
Linden Alschuler & Kaplan, Inc., +1-212-329-1420, ; or Mo
Sheahan, +1-303-567-5434, , or Investors, Melissa Marsden,
+1-303-567-5622, , both of ProLogis Web Site:
http://www.prologis.com/
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