X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

STUTTGART, GERMANY- Third party logistics provider Rhenus AG & Co. KG is leasing a 129,780-sf industrial building here in order to better serve automotive giant DaimlerChrysler, which has a production plant in the nearby city of Rastatt.

The building is located in ProLogis Logistic Park Muggensturm, which is located adjacent to the A5 highway. The park consists of two distribution buildings totaling 201,285 sf and excess land for future development.

There is currently one other tenant in the park, C&A Mode KG. Denver-based ProLogis says plans are under way to expand the park by another 270,000 sf.

In November, ProLogis inked a 502, 815-sf build-to-suit lease agreement with Ricoh Europe B.V., one of the world’s leading suppliers of office automation equipment, for its industrial park in the Brabant sub-market of Bergen op Zoom, The Netherlands. Construction on the facility began in October and scheduled for completion by August 2004. The building, which includes rail access, will be used for the configuration and distribution of Ricoh products throughout Europe.

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
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt. NET LEASE Spring 2021Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information
 

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 © 2021 ALM Media Properties, LLC. All Rights Reserved.