Prologis developed a 70,000 square meter regional logistics facility in Eindhoven, the Netherlands, for Menlo Logistics (Menlo), the $1.7 billion global logistics and supply chain management subsidiary of Con-way Inc. (NYSE: CNW.) The build-to-suit facility is located at the Acht industrial park in Eindhoven, adjacent to the A2/N2 Eindhoven ring road, offering direct access to Belgium, Germany and Amsterdam. It is one of the largest build-to-suit projects in the region.
“The Benelux region and Europe as a whole has always been a strong market for Menlo and represents one of our most promising growth areas, due largely to our presence in the healthcare sector, where we have served medical device manufacturers for many years,” said Robert L. Bianco Jr., president of Menlo Logistics. “Our long-term lease for this facility with our real estate development partner, Prologis, further reinforces our commitment to the European market not only for healthcare logistics, but across a wide spectrum of industries. We are investing to grow with our customers .”
The new Eindhoven build-to-suit complements Menlo’s European footprint, which includes a network of 16 facilities throughout Europe. The company services more than 30 European businesses and multinational companies in sectors such as healthcare, fashion and apparel, consumer goods, e-commerce, high tech, industrial manufacturing and automotive .
“This transaction reflects the strong demand for Class-A facilities in Tilburg, Eindhoven and Venlo and further strengthens Prologis’ presence in this market,” said Bram Verhoeven, country manager, Prologis Benelux. “We are pleased to further our global partnership with Menlo in the development of strategic industrial real estate properties that provide high-value logistics services for local, regional and global businesses.”
The new build-to-suit distribution center is a multi-discipline, multi-client facility capable of supporting the local, regional and global supply chain operations of manufacturers, distributors and service providers across a variety of industries.
Eindhoven is one of Menlo’s most advanced facilities, with specific design elements and features to address the stringent requirements of the multiple industries the company supports. The facility is also capable of delivering other value-added services such as picking and packing operations, product configuration, customized labeling and return management services. More than 200 Menlo employees support the operation.
“This new facility is an ideal match for our needs and will accommodate the rapid growth we expect from our ambitious European expansion plans,” said Tony Gunn, managing director, Menlo Logistics Europe. “Prologis collaborated with us to develop a modern facility built to our exact specifications.”