Prologis is moving forward with plans to demolish a 141K SF industrial building in north San Jose and replace it with a warehouse with almost double the footprint.
The 14-acre property at 2256 Junction Avenue is owned by Duke Realty, which was acquired by Prologis last year for $26B. Duke originally planned to build a distribution center for Amazon, prior to Amazon's reduction in its logistics network footprint in 2H 2022.
Prologis has disclosed that it will replace the San Jose warehouse, which was built in 1976, with a new 312K SF industrial building, according to a report in the Silicon Valley Business Journal.
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