San Francisco, Prologis, Inc., the leading global owner, operator and developer of industrial real estate, today announced it has leased a 702,000 square foot (65,200 square meter) redevelopment in France to TRANSALLIANCE, a European logistics company and repeat customer. The facility is located at Prologis Park Moissy II Les Chevrons, in the Paris metropolitan area, with direct access to major motorways.
“This high-quality facility will be our primary distribution center in Ile-de-France,” said Alexandre Michel, CEO, TRANSALLIANCE. “The strategic location and modern configuration of the building will enable us to significantly enhance inventory management and better serve our customer.”
“We are very pleased to strengthen our relationship with this repeat customer and support their expansion needs,” said Francois Rispe, regional head, Prologis Southern Europe. “Our customers in this market remain focused on improving supply chain efficiencies, and we are well prepared to meet their requirements with the 2.5 million square foot expansion potential of Prologis Park Moissy II Les Chevrons in addition to our existing operating portfolio.”
Prologis is the leading provider of industrial real estate in Southern Europe, with approximately 45.5 million square feet (4.2 million square meters) of logistics and distribution space as of December 31, 2013.
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 ofDecember 31, 2013, Prologis owned or had investments in, on a consolidated basis or through unconsolidated joint ventures, properties and development projects expected to total approximately 569 million square feet (52.9 million square meters) in 21 countries. These properties are leased to more than 4,500 customers, including third-party logistics providers, transportation companies, retailers, manufacturers, and other enterprises.