Prologis announced on Tuesday that it has signed major leasing deals in the US with Kuehne + Nagel, a German provider of global logistic services and one of Prologis' main customers. The first lease, totalling just under 20,000 m2, is at the Tahoe-Reno Industrial Center, a distribution park located along Interstate 80 approximately nine miles east of Sparks, Nevada. The second lease, involving 16,500 m2, is for space at Prologis Park Tracy I, a 120,000 -m[sup]2[/sup] distribution park located in Tracy, California. Kuehne + Nagel plans to operate other spaces on behalf of multiple clients.
Prologis announced on Tuesday that it has signed major leasing deals in the US with Kuehne + Nagel, a German provider of global logistic services and one of Prologis' main customers. The first lease, totalling just under 20,000 m2, is at the Tahoe-Reno Industrial Center, a distribution park located along Interstate 80 approximately nine miles east of Sparks, Nevada. The second lease, involving 16,500 m2, is for space at Prologis Park Tracy I, a 120,000 -m2 distribution park located in Tracy, California. Kuehne + Nagel plans to operate other spaces on behalf of multiple clients.
Kuehne + Nagel has 850 offices in more than 100 countries and more than 52,000 employees. The company now leases more than 430,000 m2 of distribution space in various locations across North America, Europe and Asia. Prologis is the largest provider of distribution space in North America with more than 32 million m2 of space owned, managed or under development at end-June 2008.
