Prologis Signs Build-to-Suit Agreements in China, Mexico
- Jun 09, 2014
Prologis Inc. recently has signed two build-to-suit agreements, one in China and one in Mexico.
Prologis signed a 41,500-square-meter (447,000-square-foot) build-to-suite agreement in China with Deppon Logistics Co. Ltd. Located at Prologis Tianjin Ninghe Logistics Center, the new facility will serve as the company’s regional distribution center for the greater Beijing area. The new construction will expand Deppon’s platform with Prologis to more than 130,000 square meters (1.4 million square feet) across China.
“The location of Prologis’ land was ideally suited to meet our distribution needs, which directly enhances the quality of service we can provide our customers,” said Liu Dong, vice president of operations, Deppon. “The efficient layout of this build-to-suit facility fulfills all of our requirements.”
“Prologis has a long-standing relationship with Deppon and is committed to developing Class-A distribution facilities to support their business,” said Gary Anderson, CEO, Prologis Europe and Asia. “This project represents our fourth build-to-suit for Deppon and underscores Prologis’ capability to improve logistics infrastructure in the country.”
Over in Mexico, Prologis signed a build-to-suit agreement with Uline for a 46,000-square-meter (500,000-square-foot) distribution center in Monterrey. The new facility will be located in the city’s premier master-planned park near Monterrey International Airport, Prologis Park Apodaca. Upon completion, the park will feature six buildings totaling 130,000 square meters (1.4 million square feet) with enough land remaining available to support an additional 186,000 square meters (2 million square feet).
“This new facility will allow Uline to increase the amount of inventory stocked in Monterrey, enabling us to provide our customers with same-day shipping on all orders,” said Phil Hunt, executive vice president, Uline. “Prologis is an important partner in our expansion efforts, and this state-of-the-art building will support our growth in Mexico.”
“We are very pleased to expand our relationship with Uline and accommodate their growing business,” said Luis Gutierrez, president, Prologis Latin America. “Consumption is driving solid demand for high-quality logistics facilities throughout the country, and we are well suited to meet this need in the future.”
Prologis owns and manages approximately 7 million square feet of logistics and distribution space in China and 31.7 million square feet in Mexico.