DENVER—Prologis has completed a 261,000 square foot (24,300 square meter) lease agreement in Denver, for HD Supply Facilities Maintenance Ltd., a leading industrial distributor.
HD Supply will occupy the space at Prologis Stapleton Business Center North. The lease brings the 1.2 million square foot (111,000 square meter) master-planned park to full occupancy and marks Prologis' second significant pre-lease transaction at this location in less than a year.
"We are pleased to extend our relationship with HD Supply to seven U.S. markets," said Scott Lamson, president, Northwest Region, Prologis. "Market occupancy in Denver is at a 15-year high of 95%, and we are developing logistics facilities to meet demand for class-A product while monetizing our land bank."
Prologis owns and operates more than 5.5 million square feet (511,000 square meters) in 31 buildings 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.
