Prologis, Inc. has leased a 702,000 ft² (approx. 65,200 m²) redevelopment in France to TRANSALLIANCE, a European logistics company and repeat customer. The facility is located at Prologis Park Moissy II Les Chevrons, in the Paris metropolitan area, with direct access to major motorways.
“This high-quality facility will be our primary distribution center in Ile-de-France,” said Alexandre Michel, CEO, TRANSALLIANCE. “The strategic location and modern configuration of the building will enable us to significantly enhance inventory management and better serve our customer.”
“We are very pleased to strengthen our relationship with this repeat customer and support their expansion needs,” said François Rispe, Regional Head, Prologis Southern Europe. “Our customers in this market remain focused on improving supply chain efficiencies, and we are well prepared to meet their requirements with the 2.5 million square foot expansion potential of Prologis Park Moissy II Les Chevrons in addition to our existing operating portfolio.”
Prologis is the leading provider of industrial real estate in Southern Europe, with approximately 45.5 million ft² (4.2 million m²) of logistics and distribution space as of December 31, 2013.