Property Types Industrial
ProLogis Leases 460,000 SF in Shanghai
Oct 7, 2008
By: Tom Dworetzky, News Editor

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,

ProLogis has leased approximately 192,000 square feet to Parker Hannifin, a firm involved in motion and control technologies, providing precision-engineered solutions. The company will use the space for assembly and light manufacturing.

In the Hangzhou submarket of Shanghai, at ProLogis Park HEDA, ProLogis has leased approximately 266,000 square feet to Joyoung Co. Ltd., a home-appliance manufacturer, to support its distribution needs across the Shanghai region.

"Shanghai and several other major cities in the Yangtze River Delta region form one of the strongest economic regions in China," said Ming Mei, chief executive officer of ProLogis China and Asian emerging markets in a statement.

ProLogis Park Jinqiao is located adjacent to the Jinqiao Export Processing Zone, one of the nation's special economic zones. ProLogis has approximately 1.6 million square feet of space in nine buildings at the park.

 
Recent Industrial Headlines
Top 10 Office Markets See Modest Gains
Nov. 20, 2008
While prices across commercial real estate are down from a year ago, they increased in September up 2.5 percent from the month before, according to an Associated Press report on Moody's/REAL Commercial Property Price Indices. The top 10 markets showed modest gains in all property sectors in the third quarter, Moody's said.
Flagler Inks Tenant to 240,000-SF Lease at Florida Biz Park
Nov. 20, 2008
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Ben Butcher STAG Capital Kicks Off Industrial Fund with Anticipated $1.3B Buying Power
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Boston-based STAG Capital Partners has initiated STAG Investments V L.P., a fund targeting commitments of $400 million for the acquisition of predominantly high-yield single-tenant industrial properties across the country.
rakowich New ProLogis CEO Details Plans to Put Company Back on Track
Nov. 14, 2008
In a presentation to investors Thursday, new ProLogis CEO Walter Rakowich, the company’s former president & COO, fleshed out some specifics about how the world’s largest developer/owner of distribution facilities will move forward past its current crisis. In addition, a new report on equity REITs documents just how much those entities have been shaken up lately.
schwartz REIT Woes Continue as Prologis CEO Schwartz Resigns; Firm to Halt Development, Slash Dividend
Nov. 12, 2008
Jeffrey Schwartz, CEO & chairman of Denver-based global industrial real estate giant Prologis, will resign from his position after nearly four years at the helm. Schwartz will be replaced as CEO by current Prologis president & COO Walter Rakowich, while board trustee Stephen Feinberg will assume the role of chairman.
 

 

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