Prologis, Inc. global owner, operator and developer of industrial real estate, announced today it signed a lease agreement with Amazon.com to build a more than one million ft² (approx. 93,000 m²) distribution center.
Amazon's fulfillment center will be constructed on nearly 90 acres of land at Prologis Park Tracy Phase II, in Tracy, CA, a strategic location proximate to major west coast metro areas, including the San Francisco Bay Area.
"We place tremendous value on our global customer relationships, and are pleased to provide Amazon with strategic distribution space in eight markets across the globe," said Scott Lamson, president, Northwest Region, Prologis Americas. "The growth of e-commerce is driving strong demand for large facilities, not only from our online retail customers, but with traditional brick and mortars as well."
Upon completion of Amazon's facility, Prologis Park Tracy Phase II will be at full occupancy, with three distribution facilities totaling about 2.2 million ft² (approx. 204,000 m²).
Source: Prologis Inc.