Search
 

Decathalon Takes Down More of AMB Jiuting

SHANGHAI-With the lease of a 188,000-sf warehouse here, the sporting goods company now leases more than three-quarters of the built space at AMB Jiuting Distribution Center.

By Brian K. Miller | Updated on February 14, 2007

(To read more on the industrial market, click here.)

SHANGHAI-The sporting goods company Decathlon has leased a recently renovated 188,000-sf industrial building here from AMB Property Corp. The building is one of two within AMB Property Corp.’s Jiuting Distribution Center. Decathlon previously leased 76,000 sf in the first building at the park, which totals 151,000 sf, giving it more than 75% of the park.

AMB Jiuting Distribution Center is located near Hongqiao Airport. The length of the lease commitment and the negotiated lease rate was not released by the parties involved and not otherwise immediately available. As of the end of the year, the average annualized lease rate at the park was $3.62 per sf, according to SEC filings.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.