ProLogis and Browning Announce New Build-to-Suit Agreement With LaCrosse Footwear...

ProLogis and Browning Announce New Build-to-Suit Agreement With LaCrosse
Footwear Near Indianapolis
- New Facility Will Total 380,000 Square Feet and Provide a Strategic Location
to Support LaCrosse's National Supply Chain -

INDIANAPOLIS, June 19 /PRNewswire-FirstCall/ -- ProLogis (NYSE: PLD), the
world's largest owner, manager and developer of distribution facilities, and
Browning Investments, Inc., an Indianapolis-based developer of commercial real
estate, announced today that their joint venture has signed a new
build-to-suit lease agreement with LaCrosse Footwear, Inc. (Nasdaq: BOOT), a
leading developer and marketer of branded, premium and innovative footwear for
work and outdoor users.
The ProLogis and Browning joint venture will develop a 380,000-square-foot
distribution center for LaCrosse at Park 267, approximately 20 miles north of
Indianapolis in Whitestown, Indiana. To improve operating efficiencies,
LaCrosse will relocate and consolidate its two existing distribution centers
located in La Crosse, Wisconsin. LaCrosse will utilize the space as a national
distribution center, serving customers primarily in the Midwest and along the
East Coast.
"The new state-of-the art distribution center and location will enable us
to better serve our customers and execute our long-term growth strategies,"
said David P. Carlson, executive vice president and chief financial officer of
LaCrosse Footwear, Inc. "Approximately 70 percent of LaCrosse's domestic
customers can be reached within one day from Indianapolis."
The new location in Indiana will allow LaCrosse to take advantage of
economic incentives from both state and local governments. The Indiana
Economic Development Corporation will provide up to $306,500 in tax credits
and training grants based on planned job creation at the new location, and the
Whitestown Town Council will provide a property tax abatement at the request
of the Boone County Economic Development Corporation and the Indy Partnership.
The new facility will incorporate a number of sustainable design and
construction techniques including extensive use of recycled and locally
sourced construction materials and the installation of an energy-efficient
fluorescent lighting system. This is LaCrosse's second lease with ProLogis. It
currently operates its company headquarters and a 145,000-square-foot
distribution facility in a ProLogis building at Southshore Corporate Park in
Portland, Oregon.
"We are excited to extend the relationship we started with LaCrosse in
Portland and continue it into Indianapolis," said Doug Kiersey, ProLogis
senior vice president and Midwest regional director. "The company is one of
the world's most recognized brands of work and outdoor footwear and a valued
customer. We look forward to serving their distribution needs at this new
location."
Park 267 in Whitestown is owned through a joint venture between ProLogis
and Browning Investments, with Browning undertaking construction activities in
the park. The distribution park is located on a 54-acre site near the
intersection of Interstate 65 and State Route 267, with direct access to other
national highway systems. Subaru occupies a second facility at the park,
totaling more than 500,000 square feet.
"We welcome LaCrosse to Park 267 and to the Indianapolis region," said
John Hirschman, director of development for Browning. "This is a significant
transaction for Browning, ProLogis, LaCrosse and central Indiana."
Through their joint venture, ProLogis and Browning have together developed
more than 5 million square feet of industrial space in the Indianapolis region
for customers such as Subaru, OH Logistics, Belkin Corp., Brightpoint Inc.,
Electrolux and J.C. Penny. ProLogis is one of the largest providers of
industrial space in Indianapolis, with more than 11.3 million square feet
owned, managed or under development.
About Browning
Founded in 1977, Browning remains one of the premier development companies
in Indianapolis and is engaged in the acquisition, development, construction,
leasing, management, ownership and disposition of investment real estate
properties, primarily in the Indianapolis metropolitan area. In total,
Browning has developed and constructed more than 14 million square feet of
space. To learn more, visit: http://www.browninginvestments.com.
About LaCrosse Footwear, Inc.
LaCrosse Footwear, Inc. is a leading developer and marketer of branded,
premium and innovative footwear for expert work and outdoor users. The
Company's trusted Danner(R) and LaCrosse(R) brands are distributed
domestically through a nationwide network of specialty retailers and
distributors, and internationally through distributors and retailers in Asia,
Europe and Canada. Work customers include people in law enforcement,
agriculture, firefighting, construction, industry, military services and other
occupations that need high-performance and protective footwear as a critical
tool for the job. Outdoor customers include people active in hunting, outdoor
cross training, hiking and other outdoor recreational activities. For more
information about LaCrosse Footwear products, please visit our Internet
websites at http://www.lacrossefootwear.com and http://www.danner.com. For
additional investor information, see our corporate Web site at
http://www.lacrossefootwearinc.com.
About ProLogis
ProLogis is the world's largest owner, manager and developer of
distribution facilities, with operations in 121 markets across North America,
Europe and Asia. The company has $38.8 billion of assets owned, managed and
under development, comprising 526.3 million square feet (48.9 million square
meters) in 2,817 properties as of March 31, 2008. ProLogis' customers include
manufacturers, retailers, transportation companies, third-party logistics
providers and other enterprises with large-scale distribution needs.
Headquartered in Denver, Colorado, ProLogis employs over 1,500 people
worldwide. For additional information about the company, go to
http://www.prologis.com.
SOURCE ProLogis

Media, Mo Sheahan, +1-303-567-5434, msheahan@prologis.com, or Investors,
Melissa Marsden, +1-303-567-5622, mmarsden@prologis.com, both of ProLogis; or
Suzanne Dawson of Linden Alschuler & Kaplan, Inc., +1-212-329-1420,
sdawson@lakpr.com, for ProLogis; or Erin Patterson of LaCrosse Footwear, Inc.,
+1-503-262-0110, ext. 1393, epatterson@lacrossefootwear.com