Kraft Renews 1.5M SF with Prologis

ProLogis has announced that is has renewed a total of approximately 1.5 million square feet in Ohio and Pennsylvania with Kraft Foods. Kraft will continue to lease approximately 675,000 square feet at ProLogis Foreign Trade Center, a distribution park in the greater Columbus, Ohio metropolitan area. Located near the intersection of Interstate 270 and Highway 23, the park is close to the Rickenbacker International Airport and has access to I-70 and I-71. In Eastern Pennsylvania, along the I-78 corridor, Kraft renewed approximately 800,000 square feet with a new lease agreement signed in April of 2008. Kraft will continue to lease space in two buildings at the ProLogis Kraft Distribution Park, which the company has occupied since 1999. Kraft currently leases approximately 3.2 million square feet from ProLogis at locations throughout North America. Earlier this year, the companies worked together to complete building improvements at a Kraft-occupied, ProLogis distribution facility in Morris, Illinois, to achieve a LEED-CI Gold certification. ProLogis has more than 11 million square feet of industrial space owned, managed or under developmentin central Ohio. Other ProLogis customers in Columbus include JELD-WEN, FedEx, Nippon Express and Office Depot. In Pennsylvania, ProLogis is currently the largest provider of industrial space with 22.2 million square feet of space owned, managed or under development.