Prologis leases 35,500 m[sup]2[/sup] to Marks & Spencer

Prologis has signed a lease agreement with retail chain Marks & Spencer for 35,500 m² at Prologis Park Stoke near Birmingham in the UK.

Prologis Park Stoke is located on Campbell Road, approximately one hour from Birmingham city centre in the heart of the West Midlands, and has easy access to the A500 dual carriageway from the M6 motorway at junction 15.

Andrew Griffiths, UK managing director for Prologis said, 'This transaction is proof of Prologis' ability to provide our customers, such as Marks & Spencer, with market-leading services both in the availability of our buildings and land, and in the quality of our product.'

The transaction continues Prologis' business relationship with Marks & Spencer. The retailer is scheduled to take occupancy of a 92,000 m² distribution facility late in 2010 that Prologis is in the process of constructing at Bradford.