ProLogis Leases 460,000 SF in Shanghai

ProLogis has announced it has leased a total of approximately 460,000 square feet to two customers in Shanghai, China In the Pudong submarket of Shanghai, at ProLogis Park Jinqiao, ProLogis has leased approximately 192,000 square feet to Parker Hannifin, a firm involved in motion and control technologies, providing precision-engineered solutions. The company will use the space for assembly and light manufacturing.In the Hangzhou submarket of Shanghai, at ProLogis Park HEDA, ProLogis has leased approximately 266,000 square feet to Joyoung Co. Ltd., a home-appliance manufacturer, to support its distribution needs across the Shanghai region.”Shanghai and several other major cities in the Yangtze River Delta region form one of the strongest economic regions in China,” said Ming Mei, chief executive officer of ProLogis China and Asian emerging markets in a statement. ProLogis Park Jinqiao is located adjacent to the Jinqiao Export Processing Zone, one of the nation’s special economic zones. ProLogis has approximately 1.6 million square feet of space in nine buildings at the park.