Prologis Leases 800,000 Square Foot Speculative Development in Inland Empire

San Francisco, – Prologis, Inc., the leading global owner, operator and developer of industrial real estate, today announced it has leased an 800,000 square foot (74,300 square meter) logistics facility in Southern California’s Inland Empire region to a national retailer.

The building is located at Prologis Park Redlands Distribution Center with direct access to Interstate 10. The speculative development, now fully stabilized, was designed to LEED specifications.

“The Inland Empire is one of our most active U.S. development markets,” said Eugene F. Reilly, chief executive officer, Prologis Americas. “Demand for high-quality logistics properties in this market continues to grow; we are well prepared to meet our customers’ needs here with our significant land bank and 33.1 million square foot operating portfolio.”

Prologis is the leading provider of industrial real estate in Southern California, with approximately 56.8 million square feet (5.3 million square meters) of logistics and distribution space as of September 30, 2013.

About Prologis 
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 of September 30, 2013, Prologis owned or had investments in, on a wholly owned basis or through co-investment ventures, properties and development projects expected to total approximately 562 million square feet (52.2 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 enterprises.

West Coast Commercial Real Estate News