ProLogis Leases 540,000 Square Feet to JVC America, Inc. in Atlanta

ATLANTA, July 22 /PRNewswire-FirstCall/ -- ProLogis (NYSE: PLD), the
world's largest owner, manager and developer of distribution facilities,
announced today that it has leased 540,000 square feet in Atlanta, Georgia to
JVC America, Inc., a leading manufacturer of home, mobile and automotive
electronics equipment and accessories.
JVC will occupy the entire space at New Manchester Distribution Center,
located two miles south of Interstate 20 on Camp Creek Parkway. The company
will use the facility for creation and distribution of media products. This is
JVC's first lease agreement with ProLogis.
"We are excited to enter into this new relationship with JVC in Atlanta,"
said Rodney Davidson, first vice president and market officer for ProLogis in
Atlanta. "The company's brands are recognized worldwide, and we hope to
leverage our global platform to serve their future distribution space needs.
We believe this location will enhance JVC's distribution network in the
region, especially with its close access to national highway systems."
New Manchester Distribution Center is a freestanding distribution facility
with easy access to both Interstate 20 and Interstate 285. Building features
include an energy-efficient, T-8 lighting system, which helps to greatly
reduce operating costs and energy expenditure.
JVC America, Inc. is a division of JVC Americas Corp., a wholly owned
subsidiary of JVC Victor Company of Japan, Limited. JVC is a leading developer
and manufacturer of sophisticated audio and video products that use superior
technologies to deliver high quality sound and images.
ProLogis is the largest owner of industrial distribution space in Atlanta,
with approximately 19 million square feet in 122 facilities owned, managed or
under development. Customers in the area include Home Depot, LG Electronics,
Petco, APL Logistics and Subaru.
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 of ProLogis, +1-303-567-5434, msheahan@prologis.com; or
Suzanne Dawson of Linden Alschuler & Kaplan, Inc., +1-212-329-1420,
sdawson@lakpr.com, for ProLogis; or investors, Melissa Marsden of ProLogis,
+1-303-567-5622, mmarsden@prologis.com