AMB Property France, an affiliate of AMB Property Corporation® (NYSE: AMB), announced that it signed a 11,400-m² lease with a French third-party logistics provider in AMB Orléans Distribution Center. The fully leased facility, located in the POLE 45 logistics park, has easy access to the A10 motorway, connecting Paris to the southwest of France, and the N20 motorway, connecting Paris to Spain.
"We are very pleased with our continued leasing activity in France, with six leases totaling over 28,200 square meters this quarter," said François Rispe, AMB's vice president, general manager, France. "Our local team has shown great dedication in the current economic downturn."
Atis Real acted as broker in this transaction.
As of December 31, 2008, AMB's portfolio in France totals more than 419,100 m² of operating and development properties in Paris and Lyon, with approximately 308,100 concentrated in the greater Paris market.