History

In less than two decades, ProLogis has emerged as a leading provider of distribution facilities, recognized around the world for its customer service and sustainability leadership. The timeline below highlights milestones in the company’s progress.

1991	Company incorporated.
1993	K. Dane Brooksher named co-chairman and chief operating officer.
	First operating properties acquired, primarily in southwestern United States.
	Acquisition of controlling interest in King-Lyons, an industrial developer with facilities concentrated in the San Francisco Bay Area.
	Company ends year with 11.4 million square feet under management.
1994	Initial public offering on the New York Stock Exchange.
	Acquisition of controlling interest in Krauss-Schwartz, an industrial developer in Tampa, Florida.
1995	Company ends year with 67.5 million square feet under management.
1996	Company ends year with 86.5 million square feet under management.
1997	Company acquires facilities in Mexico in its first expansion outside the United States.
	First European office established in Amsterdam.
1998	Acquisition of Kingspark Group Holdings, an industrial developer based in the United Kingdom.
	Merger with Meridian Industrial Trust, an industrial developer based in San Francisco.
	Acquisition of Garonor S.A., a European industrial developer with assets concentrated near Charles de Gaulle airport in Paris.
	Company changes name to ProLogis.
1999	Dane Brooksher named chairman and chief executive officer.
	Formation of first property fund. ProLogis California Fund totals $556 million; primary investor is New York State Common Retirement Fund.
	Formation of ProLogis European Properties Fund.
2000	ProLogis ends year with 171.7 million square feet under management.
2001	ProLogis announces entry into Japan market.
2002	Formation of $1 billion ProLogis Japan Properties Fund with Government of Singapore Real Estate.
	North American Property Fund V listed on Australian Stock Exchange as Macquarie ProLogis Trust.
2003	ProLogis added to S&P 500.
2004	First joint venture in China with Suzhou Logistics Center Co. Ltd.
	Acquisition of Keystone Property Trust, a U.S. industrial developer, for $1.6 billion.
2005	Jeffrey H. Schwartz succeeds Dane Brooksher as chief executive officer.
	ProLogis completes merger with Catellus, a North American industrial development company, for $5.3 billion.
2006	ProLogis named to Fortune 1000.
	ProLogis European Properties Fund completes initial public offering on Euronext exchange in Amsterdam.
	ProLogis ends year with 422 million square feet under management.
2007	36% growth in assets owned and under management, to $36.3 billion.
	ProLogis exceeds 510 msf of assets owned, managed and under development.
	Record year for development starts ($4.1 billion).
	ProLogis acquires Dermody Properties (North America).
	Merger with Parkridge Industrial (Europe).
	ProLogis expands into five new inland markets in China with an aggregate population of more than 60 million.
	ProLogis enters Middle East with development project in Dubai.
	First real estate company to join Chicago Climate Exchange and only U.S.-based real estate company to release sustainability report.
	ProLogis ranked #1 in Real Estate on Fortune’s 2007 list of “America’s Most Admired Companies”.
2008	ProLogis commits to developing all new facilities in the U.S. and U.K. for certification by LEED and BREEAM respectively.
	ProLogis joins ENERGY STAR, a joint program of the U.S. Environmental Protection Agency and the U.S. Department of Energy to improve corporate-wide energy performance.
	ProLogis ranked #1 in Real Estate on Fortune’s 2008 list of “America’s Most Admired Companies” for second year running.
	ProLogis leases 607,000 square feet of roof space to Southern California Edison for a first-of-its-kind, 2.4 megawatt rooftop solar panel installation.
	ProLogis named to Dow Jones Sustainability Indexes and nine KLD social indexes.
	Portland General Electric leases rooftop space from ProLogis in Portland, Oregon, for a second U.S. rooftop photovoltaic installation with a 1.1 megawatt generating capacity.
	ProLogis begins installation of its first photovoltaic system in Japan, generating one-megawatt of electricity on the roof of ProLogis Parc Zama.
	ProLogis achieves highest ranking for a REIT on the S&P 500’s Carbon Disclosure Project Report.
	Walter C. Rakowich named chief executive officer, replacing Jeff Schwartz; swiftly responding to the global credit crisis, ProLogis refinances or renegotiates debt maturities, halts new development starts and reduces operating costs.
2009	ProLogis sells its China operations and its 20 percent interest in Japan Property Funds to GIC Real Estate for $1.3 billion, enabling the company to pay down debt and reposition.