It was really important to get the right developer on board. We wanted to work with a company that shared our vision and was prepared to stick with us for the long-term.
INVESTMENT SUCCESS STORIES
Hillsdale, Value-Added Conversion Case Study: Well-Located Multi-Tenant Industrial Asset Re-Entitled for Multifamily Conversion
Opportunity Strategic infill locations with inherent land constraints and changing demographics often support conversions to higher and better uses including high-density housing, office and retail. Prologis recognized the site’s potential to support multi-family housing and pursued re-entitlement for high-density urban housing and office.
Bayshore, Value-Added Acquisition Case Study: Vacant Infill Warehouse Purchased at Discount Prior to Stabilization
The property, owned by a local partnership, had been leased to the U.S. Postal Service for over 20 years. When the facility closed and the owners realized their exposure to extensive capital and releasing costs, the Prologis team negotiated an off-market purchase at a 30-percent discount to replacement cost.
One Workplace, Redevelopment Case Study: Surplus Building at Operating Paper Mill Converted to Award-Winning Corporate Headquarters and Showroom
Sometimes, companies have properties that they aren’t fully using or may not need. In this case, the owner of an older property with an active paper mill did not need a significant portion of the facility. Prologis approached the situation with an open mind, identifying issues and defining solutions without trying to squeeze the development approach into a preconceived template.
Working in partnership
We retain ownership of the logistics parks we develop and build trusted relationships with landowners, municipalities and local communities to obtain the best possible outcome for everyone. Our enviable track record of bringing forward entitlements is underwritten by our financial strength and expertise.