Prologis Preleases 318,000 SF in China Development to E-commerce Firm

SHANGHAI—Prologis, Inc., says it has pre-leased a 318,000 square foot (29,500 square meter) facility in China to the e-commerce division of RT-Mart, a leading traditional retailer.
The new facility will be located at Prologis Qingpu Logistics Center in western Shanghai with immediate access to major expressways. The facility will serve as the customer's regional e-commerce distribution center for East China.

"E-commerce companies are looking for modern, high-quality logistics facilities that enable them to expand their distribution capabilities while improving efficiency," said Gary Anderson, chief executive officer, Prologis Europe and Asia. "Our strategically-located properties meet this demand by positioning our customers closer to the end consumer and enabling them to build out separate supply chains that meet their e-commerce needs."

The building represents the second phase at the park. Phase one, a 281,000 square foot (26,100 square meter) facility, has been fully operational since 2011 and is 100 percent leased. At full build-out, phase two will total 597,560 square feet (55,515 square meters).
Prologis is the leading global provider and operator of logistics infrastructure and has approximately 38 million square feet (3.53 million square meters) of distribution space in Asia as of June 31, 2013.

Prologis, Inc., is the leading owner, operator and developer of industrial real estate, focused on global and regional markets across the Americas, Europe and Asia. As of June 30, Prologis, Inc. owned or had investments in, on a wholly owned basis or through co-investment ventures, properties and development projects expected to total approximately 563 million square feet (52.3 million square meters) in 21 countries.