ProLogis Signs New Leases with Kuehne + Nagel
- Sep 10, 2008
ProLogis has announced that it has signed new lease agreements totaling 386,000 square feet at two distribution parks in the United States with Kuehne + Nagel, a leading global logistics provider and one of ProLogis’ multi-continent customers. The first lease, totaling 208,000 square feet is for space at the Tahoe-Reno Industrial Center, a master-planned distribution park located along Interstate 80 approximately nine miles east of Sparks, Nevada. Kuehne + Nagel plans to operate the space on behalf of several clients. The second lease, totaling 178,000 square feet is for space at ProLogis Park Tracy I, a 1.3-million-square-foot distribution park located in Tracy, California. Kuehne + Nagel also plans to operate this space on behalf of multiple clients. Tahoe-Reno Industrial Center offers quick access to one of the nation’s most popular east-west trucking routes, and is less than 15 minutes from the Tahoe-Reno International Airport. ProLogis currently owns one building at the park, comprising 601,750 square feet. In the greater Reno/Sparks area, ProLogis has 106 facilities and 16.4 million square feet owned, managed or under development. ProLogis Park Tracy I is a master-planned distribution park in the Tracy submarket of the Central Valley in California. The park offers strategic distribution space with its close proximity to Interstate 5, Interstate 580, Interstate 205 and a Union Pacific rail line. In Central California, ProLogis is the largest provider of industrial space with 24 facilities and 6.3 million square feet owned, managed or under development. The Kuehne + Nagel Group is a logistics providers with 850 offices in more than 100 countries and more than 52,000 employees. The company now leases more than 4.7 million square feet of distribution space in various locations across North America, Europe and Asia.