X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

DENVER-Locally based ProLogis, the world’s largest industrial REIT, has signed a 25-year, 241,736-sf lease with Skechers footwear company in Belgium. Skechers will occupy the first facility in ProLogis Park Liège with the first option on the three remaining facilities planned at the junction of the A13/E313 motorway.

The facility provides easy access throughout Belgium, the Netherlands, Germany and France. The facility also is close to the second largest inland container terminalthat is linked to the Ports of Antwerp and Rotterdam, and the Liège Airport.

“Due to the growth of Skechers’ European business through the establishment of subsidiaries and direct distribution in the United Kingdom, Germany, France, Spain, Italy, Austria, Switzerland and Belgium, we found it necessary to expand our distribution capabilities from our third-party warehouse in Ghent, Belgium,” says David Weinberg, chief financial officer of Skechers USA, Inc.

“With criteria based on location and expandability, we selected a 241,000-sf facility in Liège, Belgium,” Weinberg adds. “This new center is expandable to almost 1 million sf, which will allow us to grow our capabilities on an as-needed basis in an efficient and controlled manner over the 25-year-lease period. It is ideally situated on a main European transportation route, with easy access to rail and barge, allowing us to distribute our footwear around the continent with ease.”

Ko Nuijten, vice president for ProLogis says: “We recognized the Liège region as a strategic location for distribution centers and sophisticated logistics activities. ProLogis Park Liège is centrally located in the northwest European market, providing all the required infrastructure, and at the same time, southern Europe and the UK can be reached easily. When Skechers needed a facility, we were able to provide the right building at the right time in the right place.”

Earlier, ProLogis leased 760,000 sf to Skechers in Ontario, CA.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.