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Prologis Inc Preleases 318,000 Square Feet In China Development

Wednesday, 16 Oct 2013 09:06am EDT 

Prologis, Inc announced that it has preleased a 318,000 square foot (29,500 square meter) facility in China to the e-commerce division of RT-Mart, a traditional retailer. The new facility will be located at Prologis Qingpu Logistics Center in western Shanghai with immediate access to expressways. The facility will serve as the customer's regional e-commerce distribution center for East China. The building represents the second phase at the park. Phase one, a 281,000 square foot (26,100 square meter) facility, has been fully operational since 2011 and is 100% leased. At full build-out, phase two will total 597,560 square feet (55,515 square meters). 

Company Quote

-1.145 -3.03%
4 Sep 2015