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SAN FRANCISCO-AMB Property Corp. has signed DHL Exel Supply Chain to lease 590,000 sf of space in North America, Europe and Asia, including 491,000 sf near the ports of Seattle and Tacoma. The 491,000-sf portion of the leases is at AMB Valley Distribution Center at 2202 Perimeter Rd. in Auburn, WA, in the Kent Valley region.

DHL Exel Supply Chain, a Deutsche Post World Net company, is AMB's top customer and a global market leader in the international express and logistics industry, notes Hamid R. Moghadam, AMB's chairman and CEO. The Seattle area space that DHL Exel will lease will serve as Exel's new West Coast regional distribution hub.

The AMB Valley Distribution Center provides immediate access to highways providing connections throughout the region. With the 491,000-sf agreement and General Electric's previously announced lease of 260,000 sf, the Valley Distribution project is now fully leased.