SAO PAULO—Prologis, Inc. has reached terms on anew lease agreement totaling 197,000 square feet at itsPrologis CCP Cajamar II, Building 300 in SaoPaulo, Brazil. The repeat customer is a leading logistics andsupply chain solutions company.
"There is significant demand for class-A logisticsfacilities in the Sao Paulo metro area, as a wide range ofmanufacturing and retail customers need space to service a rapidlygrowing consumer market," said Hardy Milsch,Prologis' vice president, country manager, Brazil. "The park isideally located for regional distribution facilities and we arepleased to expand this important relationship and accommodate theirgrowing business in Brazil."
Prologis CCP Cajamar II is expected to total nearly 2.9million square feet (267,000 square meters) at full buildout. The project, a joint venture with Cyrela CommercialProperties, is located in the Cajamarsubmarket of Sao Paulo and adjacent to the AnhangueraHighway.
Prologis CCP is one of the leading providers of industrial realestate in Brazil with approximately 11.7 million squarefeet (1.1 million square meters) developed or to bedeveloped in the country as of June 30.