ProLogis (PLD), a leading global provider of distribution facilities, recently signed 3 new lease agreements spanning about 168,000 square feet of its development portfolio in Mexico. The continued leasing activities show signs of stabilization in the industrial property market fundamentals after a prolonged recession that pushed down the sector.

About 108,000 square feet were leased to Steelcase Inc. (SCS), a leading office furniture manufacturing company, in Reynosa in the Mexican state of Tamaulipas. The lessee will occupy the space at ProLogis Park Pharr Bridge Building Eight, which is at close proximity to the Reynosa International Airport.

ProLogis also leased about 40,000 square feet to MarkIV AIS Mexico, a manufacturer of highly engineered systems and components for the global automotive and transportation markets. The lessee will occupy the space at ProLogis Park Apodaca in Monterrey in northeast Mexico. At the same time, approximately 20,000 square feet were leased to a manufacturer and distributor of paper products in Reynosa. The lessee will occupy the space at El Puente Industrial Center.

ProLogis owns and manages interests in over 2,500 distribution facilities, service offices and properties spanning 475 million square feet of space. The company leases its industrial facilities to over 4,400 customers, which mostly include manufacturers, retailers, transportation companies, third-party logistics providers and other enterprises with large-scale distribution needs.

Zacks Investment Research

1. (PLD) ProLogis Leases are StrongProLogis (PLD), a leading global provider of distribution facilities, signed 56 new leases and leased...
2. (PLD) ProLogis Leases are Strong in JapanWith signs of market stabilization, ProLogis (PLD), a leading global provider of distribution facilities, recently...
3. (PLD) ProLogis Makes Large Volume Leases in EuropeWith signs of market stabilization, ProLogis (PLD), a leading global provider of distribution facilities, recently...
4. (PLD) ProLogis Expands Global FootprintProLogis (PLD), a leading global provider of distribution facilities, recently leased about 188,000 square feet...
5. (PLD) ProLogis Goes Strong in FranceIn a marked development signifying the probable redemption of investor confidence, ProLogis (PLD), one of...
6. (PLD) ProLogis Leases to UK RetailerProLogis (PLD), one of the leading global providers of distribution facilities, has recently signed an...

Search Posts by Tag: PLD | ProLogis | SCS | Steelcase Inc. | Financial | REIT - Industrial

RSS Feeds by Tag: PLD | ProLogis | SCS | Steelcase Inc. | Financial | REIT - Industrial |

Other Posts by: vitalstocks | RSS Feed for this author