Prologis Leases 239,000 Square Feet in Brazil Development Project
Two Million Square Foot Prologis CCP Cajamar I Industrial Park Now 100 Percent
SAN FRANCISCO, March 18, 2013
SAN FRANCISCO, March 18, 2013 /PRNewswire/ --Prologis, Inc. (NYSE: PLD), the
leading global owner, operator and developer of industrial real estate, today
announced a new lease agreement totaling 239,000 square feet (22,200 square
meters) in Sao Paulo, Brazil. The lease was signed with Saraiva – Brazil's
largest bookstore chain and leading online retailer.
Saraiva will occupy the final buildingat Prologis CCP Cajamar I Industrial
Park, a two million square foot (185,000 square meter) development which is
now 100 percent pre-leased. The park is located in the Cajamar submarket of
Sao Paulo in proximity to Rodoanel Ring Road and central Sao Paulo. The
master-planned distribution park provides a complete solution to end users,
consistent with Prologis Class-A building specifications around the world.
Other Prologis customers at the park include Schneider Electric, Penske
Logistics, SC Johnson, SKF, Nova Pontocom, and Zara Brasil.
"The growth of e-commerce is driving strong demand for Class-A facilities in
Brazil," said Luis Gutierrez, president, Prologis Latin America. "Customers
are looking to consolidate their distribution networks and position themselves
closer to population centers in order to enhance customer service and offer
faster delivery times. Prologis is well positioned to meet these needs by
providing modern distribution facilities in strategic infill locations."
Prologis CCP Cajamar I Industrial Park was developed and is operated by
Prologis CCP, a joint venture between Prologis and Cyrela Commercial
Properties (CCP). Prologis CCP is one of the leading providers of industrial
real estate in Brazil with more than 8.7 million square feet (812,300 square
meters) developed or to be developed in the country as of Dec. 31, 2012.
Prologis, Inc. is the leading global provider and operator of logistics
infrastructure, focused on global and regional markets across the Americas,
Europe and Asia. As of Dec. 31, 2012, Prologis owned or had investments in, on
a consolidated basis or through unconsolidated joint ventures, properties and
development projects expected to total approximately 554 million square feet
(51.5 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,
Tracy Ward, Tel: +1 415 733 9565, firstname.lastname@example.org
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