Prologis Signs One Million Square Foot Build-To-Suit with Amazon.com
SAN FRANCISCO, Jan. 22, 2013
SAN FRANCISCO, Jan. 22, 2013 /PRNewswire/ --Prologis, Inc. (NYSE: PLD), the
leading 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 square foot 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
Prologis, Inc. is the leading owner, operator and developer of industrial real
estate, focused on global and regional markets across the Americas, Europe and
Asia. As of Sept. 30, 2012, Prologis owned or had investments in, on a
consolidated basis or through unconsolidated joint ventures, properties and
development projects expected to total approximately 565 million square feet
(52.5 million square meters) in 21 countries. The company leases modern
distribution facilities to more than 4,500 customers, including manufacturers,
retailers, transportation companies, third-party logistics providers and other
SOURCE Prologis, Inc.
Contact: Atle Erlingsson, Tel: +1 415 733 9495, email@example.com; or
Tracy Ward, Tel: +1 415 733 9565, firstname.lastname@example.org
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