Prologis boosts Mexican presence by 40%.(markets)(Brief article)

Logistics Today,  August, 2006  

Tags: ProLogis

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ProLogis (Denver, www.prologis.com), a provider of distribution facilities and services, acquired more than 3.5 million sq. ft. of industrial space and land in Mexico for $238 million in cash and assumed debt. The acquisition increases the company's footprint in the country by more than 40%.

"When we launched service in Mexico in 1997, we deliberately focused on northern border markets that serve as distribution and light manufacturing points for products being exported to the United States," said Jeff Schwartz, CEO of ProLogis. "Over the past several years, ...

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