Prologis Inks Leases for 926,000 SF in China

SAN FRANCISCO—Prologis Inc., the global leader in logistics infrastructure, has signed five new development leases totaling 926,000 square feet (86,000 square meters) in three of its target markets in China: Suzhou, Chongqing and Shenyang.

“This leasing underscores the merits of our focused investment strategy of building, owning and managing the highest-quality distribution facilities in premier locations in supply-constrained markets,” said Gary Anderson, CEO, Prologis Europe and Asia. “Demand in our target markets remains broad-based, spanning the e-commerce and consumer goods sectors.  Our well-located, class-A properties meet this demand by putting our customers closer to the end consumer.”