ProLogis obtains leases more than 1.5m sq ft in SC

06 Feb '06

2 min read

Global provider of distribution facilities and services ProLogis has signed new leases totaling more than 1.5 million square feet in southern California's 'Inland Empire.'

The five leases vary in size from 180,000 to 439,000 square feet at various new and existing ProLogis properties in San Bernardino and Riverside counties. The leases all were signed in the fourth quarter of 2005. Customers include Burlington Coat Factory, CKE Restaurants, and Simpson Manufacturing.

Charles McPhee, ProLogis Senior VP and Regional Director of capital deployment said, "Demand for state-of-the-art industrial space is robust throughout the Inland Empire region, with vacancy rates now near historical lows."

"ProLogis is fortunate to be operating from a position of real strength in this region, with the largest platform of finished property of any industrial provider. We're pleased to be attracting new companies to our facilities in the area and to be extending relationships with existing customers," Charles said.

The new Inland Empire transactions include the following:

* 439,000 square feet near San Bernardino International Airport leased to Burlington Coat Factory Warehouse Corporation, a New Jersey-based clothing retailer;

* 432,000 square feet off the Pomona Freeway in Ontario leased to a leading US appliance manufacturer;

* 311,000 square feet off Interstate 15 in Ontario to US transportation and warehousing provider;

* 201,000 square feet near the I-10/I-15 interchange in Ontario to CKE Restaurants, Inc., an operator and franchiser of leading restaurant chains, including Carl's Jr. and Hardees;

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