X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

(Read more on the industrial market.)

SAN FRANCISCO-AMB Property Corp. has signed DHL Exel Supply Chain to lease 590,000 sf of space in North America, Europe and Asia, including 491,000 sf near the ports of Seattle and Tacoma. The 491,000-sf portion of the leases is at AMB Valley Distribution Center at 2202 Perimeter Rd. in Auburn, WA, in the Kent Valley region.

DHL Exel Supply Chain, a Deutsche Post World Net company, is AMB’s top customer and a global market leader in the international express and logistics industry, notes Hamid R. Moghadam, AMB’s chairman and CEO. The Seattle area space that DHL Exel will lease will serve as Exel’s new West Coast regional distribution hub.

The AMB Valley Distribution Center provides immediate access to highways providing connections throughout the region. With the 491,000-sf agreement and General Electric’s previously announced lease of 260,000 sf, the Valley Distribution project is now fully leased.

The other space that DHL is leasing from AMB includes an 85,000-sf facility at the Port of Rotterdam, which is Europe’s largest logistic and industrial hub, to support DHL’s freight transportation and related logistics services. The facility is called AMB Eemhaven Distribution Center 2 and is located at a convergence of sea, rail and road connections that serve Dutch distribution locations as well as the rest of Europe.

In addition, DHL has leased 14,000 sf from AMB at Singapore’s Changi International Airport, which ranks in the top 10 airports globally for air cargo tonnage and is a premier location for companies due to its free trade zone status and dedicated air cargo entrances. DHL is running third-party logistics operations for a major Texas-based technology company from its facility at Changi.

In addition to these leases, as of Sept. 30, DHL parent Deutsche Post World Net had 53 leases totaling more than 3.5 million sf in locations across North America, Europe and Asia.

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.