Prologis Signs 770,000 Square Foot Build-To-Suit with SpeedFC

SAN FRANCISCO, March 25, 2013 — 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 SpeedFC, a repeat customer and a leading provider of end-to-end e-commerce services, for a 770,000 square foot distribution center in Etna, Ohio.

[contextly_sidebar id=”ef70fef917b26553d658c896f611915e”]The new facility will be located at Prologis Park 70 Etna, proximate to major freeways and Port Columbus International Airport. The state-of-the-art e-commerce facility will include numerous energy-efficient features. With this agreement, Prologis’ relationship with SpeedFC will extend to more than 1.3 million square feet in two U.S. markets.

“The strategic location of this fulfillment center enables us to continue meeting our customers’ growing demand by providing high accessibility to the U.S. and Canadapopulations,” said Jeff Zisk, president, SpeedFC. “Working with Prologis guarantees the development of a high-quality Class-A facility that increases efficiencies and drives down operational costs.”

“We are pleased to support the ongoing success of SpeedFC and enhance their operations with this Class-A distribution center,” said Brian Marsh, senior vice president, Prologis. “Supply of large space in the U.S. remains limited and e-commerce fulfillment continues to drive strong demand. Prologis has the capability to meet our customers’ needs and similar e-commerce projects are underway in other parts of the country.”

At full build-out, the park will include more than four million square feet of logistics space. Other Prologis customers at the park include Menlo, Cody, Genco and Jeld-Wen.

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 ofDec. 31, 2012, Prologis owned or had investments in, on a consolidated basis or through unconsolidated joint ventures, properties and development projects expected to total approximately 554 million square feet (51.5 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.

About SpeedFC, Inc.
Established in 2000, SpeedFC, Inc., a subsidiary of Navarre (NASDAQ: NAVR), is a leading provider of end-to-end e-commerce services based in Dallas, Texas. SpeedFC provides a suite of services, including SaaS e-commerce platforms, tier 4 web hosting, proprietary cross-channel order management and reporting, and high performance fulfillment and customer care to online retailers and manufacturers. As a single-source provider, SpeedFC enables clients to focus on one consistent partner relationship dedicated to building and protecting their online brand.

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