ProLogis Leases 345,000 Square Feet in Mexico

MEXICO CITY, Sept. 9 /PRNewswire/ -- ProLogis (NYSE: PLD), a leading global provider of distribution facilities, announced today it has signed third-quarter lease agreements totaling approximately 345,000 square feet with four customers in Mexico.

"Throughout the summer, we have continued to experience interest in our high-quality, well-located distribution facilities, resulting in several recent leases," said Larry Harmsen, president for ProLogis in North America. "As a result, our occupancies continue to improve throughout Mexico, another encouraging sign of the overall stabilization and improvements in the industrial real estate market."

Recent activity included leases with:

• Ansell Perry, a global leader in barrier protective solutions, specializing in surgical, examination and industrial gloves, protective clothing and prophylactics. The company will occupy 111,000 square feet at Bermudez Industrial Center Building One, located in northeast Juarez. The building was part of an earlier portfolio acquisition and is now fully leased.
• A global leader in orthopedic devices, which will occupy 94,000 square feet at ProLogis Park Alamar Building One, bringing the 177,000-square-foot, previously unleased building to approximately 53 percent leased. The distribution center is located in Tijuana in the Otay/Chilpancingo sub-market, adjacent to the United States/Mexico border.
• M & M Land Logistics, a Mexican third-party logistics provider. The company will occupy 75,000 square feet of previously unleased space at ProLogis Park El Salto Building Eight, located in Guadalajara near the Miguel Hidalgo International Airport. The building is now fully leased.
• CKS De Mexico, a high-tech display manufacturer and service provider. The company will occupy 65,000 square feet of previously unleased space at ProLogis Park Toluca Building Four, bringing it to 66 percent leased. The facility is located approximately 50 miles southwest of Mexico City along Interstate 15.

ProLogis is a leading provider of industrial and distribution space in Mexico with an 18.6-million-square-foot portfolio in 12 markets throughout the country. Additional ProLogis customers in Mexico include Bose Corporation, Black & Decker and Whirlpool.

About ProLogis

ProLogis is a leading global provider of distribution facilities, with more than 475 million square feet of industrial space (44 million square meters) in markets across North America, Europe and Asia. The company leases its industrial facilities to more than 4,400 customers, including manufacturers, retailers, transportation companies, third-party logistics providers and other enterprises with large-scale distribution needs. For additional information about the company, go to http://www.prologis.com.

Follow ProLogis on Twitter: http://twitter.com/ProLogis.

SOURCE ProLogis