- New Lease Agreement with Safelite AutoGlass in the Inland Empire -
ONTARIO, Calif., Jan. 5 /PRNewswire-FirstCall/ -- ProLogis (NYSE: PLD), a
leading global provider of distribution facilities, announced today that it
has leased approximately 282,000 square feet in Ontario, California, to
Safelite AutoGlass, the nation's leading provider of vehicle glass repair and
replacement services.
Safelite will occupy space at ProLogis Park Ontario Airport, in a newly
constructed, 681,000-square-foot facility. The park is located off Interstate
15 midway between Interstate 10 and the Pomona Freeway, minutes from the
Ontario International Airport, and comprises approximately 1.9 million square
feet in six buildings. Safelite occupies space with ProLogis in various
locations across North America: this transaction marks the fifth between the
two companies.
"The Inland Empire West submarket provides excellent regional access to
Los Angeles, Orange County and San Diego, as well as Arizona and Nevada," said
Mike Del Santo, first vice president and market officer for ProLogis. "The
area offers a strong pro-business climate, supporting the operations of many
large-scale logistics users, in addition to excellent freeway access, rail
service and available labor. Due to its proximity to the Los Angeles Basin,
this submarket continues to be the first choice among many of our customers in
the region."
ProLogis is the largest owner of industrial distribution space in Southern
California, with approximately 45 million square feet in 198 distribution
centers owned, managed or under development. Customers in the area include
Amcor, American Honda, APL Logistics, Anixter, Inc., Aveda, Black & Decker,
Exel Logistics, Expeditors International, FedEx, Home Depot, IKEA, Jack in the
Box, Kimberly-Clark, Kraft Foods, LG Electronics, New Balance, Nike, NYK
Logistics, Spicers Paper, Unilever and Wal-Mart.
About ProLogis
ProLogis is the world's largest owner, manager and developer of
distribution facilities, with operations in 136 markets across North America,
Europe and Asia. The company has $40.8 billion of assets owned, managed and
under development, comprising 548 million square feet (51 million square
meters) in 2,898 facilities as of September 30, 2008. ProLogis' customers
include manufacturers, retailers, transportation companies, third-party
logistics providers and other enterprises with large-scale distribution needs.
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
