Prologis in the News

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Industry Innovation

Commercial Property Executive: Prologis Inc., the largest warehouse provider in the U.S., wrapped up construction of a three-story distribution center in Seattle in October of last year.

Industry Innovation

Urban Omnibus: Prologis, one of the largest international logistics real estate companies, has begun building vertical warehouses in the United States, their first outside of Asia.

Industry Innovation

Wall Street Journal: Amazon.com Inc. has agreed to take space in a first-of-its-kind three-story warehouse, a new type of distribution center that could reduce delivery times in congested cities to hours rather than days.

Corporate News

Bisnow: Land for industrial property in urban areas is scarce, forcing developers to either transform abandoned office or retail assets into warehouses or adopt a multilevel building design. Prologis has leveraged its expertise in Asia multistory facilities to deliver industrial product in the U.S. In Seattle, Prologis is developing Prologis Georgetown Crossroads, a three-story, 590K SF facility designed specifically for last-mile delivery.

Industry Innovation

REIT Magazine: Last mile industrial facilities have become the darling of institutional investors, who like the low vacancy levels and high rental rates these facilities command. “Investors look to Prologis as the leader in identifying new industrial product types—how it goes and is perceived by tenant communities,” Snyder says. “And a lot of investors are watching our project in Georgetown and what type of rents it will bring.

Corporate News

Supply Chain Management Review: According to Jeannie Renné-Malone, Prologis sustainability vice president, resilient companies face the future head on by understanding and meeting the needs of stakeholders across cycles, challenges and opportunities.

“Prologis has found that our sustainability initiatives are met with enthusiasm in the 19 countries where we operate. For multinational companies in similar situations, we advise them to target countries that have well established regulatory compliance agencies in place,” she says. “This mitigates risk and ensures a better return on investment.”