ProLogis, which has a market cap of about $4 billion, says it is a global company and needed an auditor with a global presence.

Anderson, meanwhile, is losing clients across the country. Last month, federal prosecutors indicted Anderson on obstruction of justice charges for shredding documents related to Enron Corp.

Still, ProLogis praises Anderson for its work.

"Arthur Andersen has been ProLogis' independent auditor since its inception in 1991 and has worked with the company and its affiliates in both North America and Europe,'' says Walter C. Rakowich, ProLogis chief financial officer. ''During that time, Andersen has provided exemplary services delivered with both professionalism and integrity. We thank Arthur Andersen for all of their outstanding efforts over the years on behalf of ProLogis, and particularly thank the individuals with whom we have had the pleasure of working."

ProLogis is a leading global provider of integrated distribution facilities and services, with 1,721 distribution facilities owned, operating and under development throughout North America, Europe and Japan.

ProLogis paid Anderson $363,790 for audit services and $1 million for non-audit work in 2000, according to the latest information available.John RebchookAURORA, CO-While becoming the largest Colorado company to fire the embattled accounting firm, ProLogis officials nonetheless praise Andersen's work as independent auditor since 1991. AURORA, CO-The board of ProLogis, the world's largest industrial REIT, has replaced Andersen LLP as auditor with KPMG LLP. ProLogis becomes the latest and largest Colorado company to fire the beleaguered Chicago-based accounting firm.

ProLogis, which has a market cap of about $4 billion, says it is a global company and needed an auditor with a global presence.

Anderson, meanwhile, is losing clients across the country. Last month, federal prosecutors indicted Anderson on obstruction of justice charges for shredding documents related to Enron Corp.

Still, ProLogis praises Anderson for its work.

"Arthur Andersen has been ProLogis' independent auditor since its inception in 1991 and has worked with the company and its affiliates in both North America and Europe,'' says Walter C. Rakowich, ProLogis chief financial officer. ''During that time, Andersen has provided exemplary services delivered with both professionalism and integrity. We thank Arthur Andersen for all of their outstanding efforts over the years on behalf of ProLogis, and particularly thank the individuals with whom we have had the pleasure of working."

ProLogis is a leading global provider of integrated distribution facilities and services, with 1,721 distribution facilities owned, operating and under development throughout North America, Europe and Japan.

ProLogis paid Anderson $363,790 for audit services and $1 million for non-audit work in 2000, according to the latest information available.