ProLogis leases 61,400 m

ProLogis (NYSE: PLD), a leading global provider of distribution facilities, announced June 3, 2010 it has signed second-quarter lease agreements totaling approximately 661,000 ft² (61,400 m²) with four customers in Europe, Sweden, the UK, Italy and Germany.

"ProLogis remains the market leader in Europe with a diverse portfolio of modern, well-located distribution space," said Philip Dunne, ProLogis President in Europe. "As we continue to experience signs of stabilization and improvement in the property markets, this recent lease activity throughout the region is testament to our ability to serve customers' needs."

Recent activity included leases with:

- DB Schenker, the third-party logistics company for Deutsche Bahn. The company will occupy 236,000 ft² (22,000 m²) of previously unleased space at ProLogis Park Jonkoping Building One, located in Torsvik, Sweden.

- Gap Inc., one of the world's largest specialty retailers. The company will occupy 230,000 ft² (21,400 m²) of previously unleased space at ProLogis Park Stafford Building Four, located in the central M6 corridor of the UK. Following this transaction, the 903,000-ft² (83,900-m²), three-building distribution park is fully leased.

- A logistics company that will occupy 117,000 ft² (10,900 m²) at ProLogis Park Lodi Building Seven, located near Milan, Italy. The building is an acquired property that was previously unleased.

- Wurth Logistik Center, a third-party logistics company, which will occupy approximately 78,000 ft² (7,200 m²) of previously unleased space at ProLogis Park Neuenstadt in southwest Germany.

Source: ProLogis

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