DENVER—Prologis has completed a 261,000 squarefoot (24,300 square meter) lease agreement in Denver, forHD Supply Facilities Maintenance Ltd., a leadingindustrial distributor.

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HD Supply will occupy the space at Prologis StapletonBusiness Center North. The lease brings the 1.2million square foot (111,000 square meter) master-plannedpark to full occupancy and marks Prologis' secondsignificant pre-lease transaction at this location in less than ayear.
"We are pleased to extend our relationship with HD Supply to sevenU.S. markets," said Scott Lamson, president,Northwest Region, Prologis. "Market occupancy in Denver is at a15-year high of 95%, and we are developinglogistics facilities to meet demand for class-A product whilemonetizing our land bank."
Prologis owns and operates more than 5.5 million squarefeet (511,000 square meters) in 31buildings in the Denver area.

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David Phillips

David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.