Among the deals are a 290,000-square-foot pre-lease with a leading wholesale warehouse club at Prologis CCP Dutra.

SAO PAULO, BRAZIL—Prologis, Inc. has four development lease agreements in the first quarter totaling 582,000 square feet (54,000 square meters) in Brazil and Mexico.

The agreements include:

  –  290,000 square feet (26,900 square meters) at Prologis CCP Dutra in Sao
        Paulo, pre-leased to a leading wholesale warehouse club and repeat
        Brazil customer. The property is proximate to the airport; and
    –  113,000 square feet (10,500 square meters) at Prologis CCP Queimados
        with a major pharmaceutical distributor near Rio de Janeiro; and
    –  179,000 square feet (16,600 square meters) at Prologis Park Toluca in
        Mexico to two separate customers: a regional packaging producer and a
        leading automotive company. The park totals 628,000 square feet (58,300
        square meters) with expansion capabilities to more than 1 million square
        feet (92,900 square meters).
“The continued growth of domestic consumption remains a key driver for high-quality logistics facilities in Brazil and Mexico,” said Luis Gutierrez, president, Prologis Latin America. “Our well-located land bank and development expertise enable us to fulfill our customers’ requirements in supply-constrained markets.”
Prologis is a leading provider of industrial real estate in Latin America, with approximately 35 million square feet (32.5 million square meters) of logistics and distribution space as of December 31.