Finance Net Leasing
ProLogis Leases 194,000SF in China
May 22, 2008
By: Elena Gontar, Staff Writer

ProLogis has leased 194,000 square feet of distribution space to Guangzhou Hutchison Logistics Co., the company said today. Hutchison Logistics has leased warehouse space at ProLogis Park Sanshan, a master-planned industrial park located in Guangzhou, China. The company will operate the facility as a regional distribution center for BMW, shipping automobile parts throughout the Pearl River Delta area.

"Guangzhou is a burgeoning city, with a rapidly growing population and economy," Ming Mei, president for ProLogis in China said in a release today. "It is a key distribution hub for our customers due to its location in the Pearl River Delta, providing an established highway infrastructure and a port on the River, which is navigable to the South China Sea. We expect ProLogis Park Sanshan to become a major part of our strategic portfolio in the area."

ProLogis Park Sanshan is located less than one kilometer from the main expressway connecting the cities of Guangzhou and Foshan.

ProLogis currently has four distribution facilities in the park, totaling approximately 950,000 square feet and has land available to support an additional 377,000 square feet of distribution space.

Additionally, ProLogis announced plans to develop a new, state-of-the-art industrial park in the Guangdong Province. Through a joint venture, ProLogis has secured 102 acres  of land that can support two million square feet of distribution space in the Zhuhai Free Trade Zone. The new park, to be called ProLogis Park Zhuhai, will serve the growing demand for modern warehouse facilities in the area. Located in the Pearl River Delta Region, the park offers convenient access to the city of Macao.


 
Recent Net Leasing Headlines
ProLogis Leases 460,000 SF in Shanghai
Oct. 07, 2008
ProLogis has announced it has leased a total of approximately 460,000 square feet to two customers in Shanghai, China In the Pudong submarket of Shanghai, at ProLogis Park Jinqiao,
mmarsden ProLogis Lands on Two New Dow Jones Green Indices
Oct. 03, 2008
ProLogis announced October 2nd that it has been included on the Dow Jones Sustainability Indices. These indices are the first to track the financial performance and viability of leading businesses worldwide known for their green initiatives. The indices provide asset managers with objective benchmarks to manage sustainability portfolios, which are increasing in number to meet a growing demand among investors.
NetLease Q&A: American Realty Capital Exchange's  Watt Says 1031, TIC Slowdown is Cyclical
Sept. 30, 2008
The 1031 exchanges and tenant-in-common deals have had a rough time of it lately. Until last year, there was a booming volume of real estate investment sales, which provided the necessary folder for a healthy 1031 exchange and TIC market. In particular, as apartments went condo, the sellers needed a tax-advantageous exit strategy.
One Liberty Acquires $53M of Retail in Sale-Leasebacks
Sept. 30, 2008
As the credit crunch tightens its grip on lending, REIT One Liberty Properties Inc. is looking to take advantage of retail owners seeking sale-leaseback deals. In this month alone One Liberty has bought and leased back nine Office Depot locations for more than $53 million.
JV Takes Boston-Area Properties for $28M
Sept. 29, 2008
Taurus Investment Holdings L.L.C. and DivcoWest have acquired two properties in North Reading, Mass., from Teradyne Inc., for $27.5 million. CB Richard Ellis Inc. of New England arranged the transaction.
 

 

REal Talk with Adam Perrotta-Monday
October 06, 2008
By Adam Perrotta, News Writer --If it's true that misery loves company, the struggling American financial sector can at least take some solace in the fact that Europe is not immune to difficulties of its own, such as the struggles...

Financial Markets Update: Over the Weekend
October 06, 2008
By Dees Stribling, Contributing Editor -- It might have been a weekend, but there's no rest for attorneys. At least not those involved in the Wachovia-Citigroup-Wells Fargo dispute. A judge has granted Citi an injunction blocking further Wachovia-Wells Fargo negotiations...

Casino Hotels Feel the Pinch from the Economic Slowdown
October 06, 2008
By Eugene Gilligan, Senior Editor -- Lower airline capacity, tighter credit markets and the general economic downturn now gripping the U.S. have taken a deep toll on casino hotels. A sector that was enjoying positive times as recently as 2007...

Manhattan Office Market Reaches Uncharted Waters
October 06, 2008
By Paul Rosta, Senior Associate Editor -- The flagship of the United States office investment and leasing market, Manhattan is now also at the heart of the financial crisis. The stunning events of recent weeks point to a new era...

Q&A: Trikona's Kalra Says Not Impacted by Down Cycle in India
October 06, 2008
By Barbra Murray, Contributing Editor -- While it is anticipated that it will be short-lived, India is currently facing a cyclical downturn in its economy, according to a recent report by real estate services firm Cushman & Wakefield Inc. However,...

Management Matters with Mike Myatt: Partisan Politics Not Always Bad
October 03, 2008
The truth about partisan politics is that contrary to public opinion, it's not always a bad thing. Likewise, bipartisan efforts don't always reflect altruistic behavior and selfless acts. From my perspective, it isn't necessarily the stance you take, but rather...

Management Matters with Mike Myatt: Facing Up to Rogue CEOs
September 26, 2008
By: Mike Myatt, Chief Strategy Officer, N2growth --Rogue CEOs. Given the recent failures of banks and financial institutions previously thought to be untouchable, there has been a tremendous amount of justifiable venom being spewed at the CEOs of these firms....

When to Consider Corporate Restructuring
September 19, 2008
By Mike Myatt, Chief Strategy Officer, N2growth --Times are tough, and they're likely to get tougher, so my question is this; Should you, or should you not, consider a move toward corporate re-engineering? Whether directly or indirectly, your business will...

Expectation Alignment Key to 'Promise Management'
September 05, 2008
by Mike Myatt, Chief Strategy Officer, N2growth --The art and science behind making commitments and managing expectations has always been a critical skill set for senior executives and entrepreneurs to master. In fact, understanding how to come out on the...

It's All In The Message
August 29, 2008
By Mike Myatt, Chief Strategy Officer, N2growth --Top CEOs understand the power, influence, and leverage created by great messaging. Do you ever find yourself sitting back and marveling at those chief executives who always seem to have the right thing...