Prologis Signs 576,000 Square Foot Build-To-Suit in Brazil

San Francisco — Prologis, Inc. (NYSE: PLD), the leading global owner, operator and developer of industrial real estate, today announced it has signed a new build-to-suit agreement with Brazil (WMB Comercio Eletronico LTDA, a division of Walmart’s global e-commerce organization) for a 576,000 square foot (53,500 square meters) distribution center in Sao Paulo, Brazil.

The new facility will be located at Prologis CCP Cajamar II adjacent to the Anhanguera Highway allowing immediate access to the Rodoanel (Ring Road) and central Sao Paulo. At full build-out, Cajamar I and Cajamar II are expected to total approximately 4.9 million square feet (455,220 square meters).

“E-commerce fulfillment continues to drive strong demand in Brazil with companies positioning their distribution networks for expedited delivery,” said Luis Gutierrez, president, Prologis Latin America. “Prologis is well positioned to meet these needs by providing modern logistics facilities in its global markets.”

Prologis CCP Cajamar II Industrial Park was developed and is operated by Prologis CCP, a joint venture between Prologis and Cyrela Commercial Properties (CCP).

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 ofJune 30, 2013, Prologis, Inc. owned or had investments in, on a wholly owned basis or through co-investment ventures, properties and development projects expected to total approximately 563 million square feet (52.3 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