SAN FRANCISCO, Dec. 15, 2014 /PRNewswire/ -- Prologis, Inc. (NYSE: PLD), the global leader in industrial real estate, today announced two new lease agreements at Prologis CCP Cajamar II in São Paulo totaling 346,000 square feet (32,200 square meters).
The leasing activity includes:
- Building 300: 240,000 square feet (22,300 square meters) with a leading international food company; and
- Building 400: 106,000 square feet (9,900 square meters) with repeat logistics customer Biblion Logistica. This lease increases the company's presence at the park to 275,000 square feet (25,500 square meters).
The park is adjacent to the Anhanguera Highway and provides direct access to central São Paulo. At full build-out, the park is expected to total nearly 2.9 million square feet (267,000 square meters).
"We continue to see excellent leasing momentum in the Cajamar submarket as it has become the premier distribution hub for the greater São Paulo area," said Luis Gutierrez, president, Prologis Latin America.
Prologis CCP Cajamar II was developed and is operated by Prologis CCP, a joint venture between Prologis and Cyrela Commercial Properties (CCP).
Prologis, Inc., is the global leader in industrial real estate. As of September 30, 2014, Prologis owned or had investments in, on a wholly owned basis or through co-investment ventures, properties and development projects expected to total approximately 585 million square feet (54 million square meters) in 21 countries. The company leases modern distribution facilities to more than 4,700 customers, including manufacturers, retailers, transportation companies and third-party logistics providers.
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SOURCE Prologis, Inc.