Prologis Preleases 318,000 SF in China Development to E-commerce Firm

SHANGHAI—Prologis, Inc., says it has pre-leased a 318,000 square foot (29,500 square meter) facility in China to the e-commerce division of RT-Mart, a leading traditional retailer. The new facility will be located at Prologis Qingpu Logistics Center in western Shanghai with immediate access to major expressways. The facility will serve as the customer’s regional e-commerce distribution center for East China.

“E-commerce companies are looking for modern, high-quality logistics facilities that enable them to expand their distribution capabilities while improving efficiency,” said Gary Anderson, chief executive officer, Prologis Europe and Asia. “Our strategically-located properties meet this demand by positioning our customers closer to the end consumer and enabling them to build out separate supply chains that meet their e-commerce needs.”