Prologis, Inc., the global leader in logistics real estate, today announced it completed 18 projects totaling more than 5.5 million square feet of build-to-suit space during the second half of 2016. For the full year 2016, the company completed 34 build-to-suit projects totaling more than 12.3 million square feet.
“We experienced robust build-to-suit activity this year,” said Michael Curless, chief investment officer, Prologis. “The square footage of our 2016 build-to-suit starts increased more than 15 percent over 2015. This was driven by the key locations of our land bank and our development expertise and long-term customer relationships. This year, nearly 75 percent of our build-to-suit wins were with existing customers.”
Prologis’ Q3 2016 and Q4 2016 Build-to-Suit Completions
Customer |
Industry |
Market |
Size (SF) |
|
1 | Amazon | International E-commerce | Columbus, OH |
855,000 |
2 | Suzuken | Medical Device | Osaka, Japan |
672,402 |
3 | Fedway | Import/Export Distribution | No. New Jersey/New York |
538,840 |
4 | Coolblue | E-commerce | Tilburg, Netherlands |
394,271 |
5 | XPO Logistics | Logistics | Amsterdam, Netherlands |
378,620 |
6 | Suzuken | Medical Device | Tokyo, Japan |
367,675 |
7 | Sportissimo | Apparel | Prague, Czech Republic |
360,031 |
8 | Siemens | Manufacturer | Orlando, FL |
296,100 |
9 | BMW | Automotive | Bratislava, Slovakia |
274,135 |
10 | Bertelsmann Media | Media | Strykow, Poland |
240,132 |
11 | Internet Mall | E-commerce | Prague, Czech Republic |
220,542 |
12 | JLG | Manufacturer | Las Vegas, NV |
215,260 |
13 | Trane | Manufacturer | Dallas, TX |
177,790 |
14 | Premium Waters | Food/Beverage | Las Vegas, NV |
163,790 |
15 | Genuine Parts | Automotive | Dallas, TX |
156,000 |
16 | BMW | Automotive | East Midlands, UK |
151,740 |
17 | Nagel Group | Supply Chain Management | Prague, Czech Republic |
56,177 |
18 | Sangamo | BioScience | San Francisco Bay Area, CA |
41,366 |
Total |
5,559,871 |
Prologis’ Q3 2016 and Q4 2016 Build-to-Suit Starts*
Customer Profile |
Market |
Size (SF) |
|
1 | International Furniture Manufacturer | Central Valley, CA |
664,000 |
2 | International Beverage Distributor | Monterrey, Mexico |
662,500 |
3 | International Logistics | Venlo, Netherlands |
658,396 |
4 | International Retailer/Merchandise | Bratislava, Slovakia |
602,478 |
5 | International Retailer | Inland Empire, CA |
542,977 |
6 | National Furniture Manufacturer | Piotrkow, Poland |
453,936 |
7 | International Retailer | East Midlands, UK |
416,413 |
8 | International Logistics Service Provider | Tokyo, Japan |
314,268 |
9 | International Automotive | Guadalajara, Mexico |
269,171 |
10 | International Retailer | Paris, France |
259,970 |
11 | International Logistics Service Provider | Nieuwegein, Netherlands |
256,698 |
12 | International Logistics Service Provider | Miami, FL |
200,000 |
13 | International Media | Strykow, Poland |
194,859 |
14 | International Packaging | Bremen, Germany |
187,173 |
15 | International Logistics Service Provider | Budapest, Hungary |
150,296 |
16 | International Logistics Service Provider | Bologna, Italy |
147,390 |
17 | International Logistics Service Provider | Dallas, TX |
144,465 |
18 | National Logistics Service Provider | Strykow, Poland |
126,368 |
19 | International Food Logistics | Rhine Ruhr, Germany |
100,438 |
20 | International Logistics Service Provider | Budapest, Hungary |
75,433 |
21 | International Logistics Service Provider | Nove Mesto, Slovakia |
40,418 |
Total |
6,467,647 |
*Due to confidentiality, Prologis often does not disclose customer names at this stage of development.
Source : Company