Prologis leases 309,400 sq ft in Brazil development

Prologis, Inc. has announced it has signed a lease in Brazil for 309,400 sq ft with a leading Brazilian retailer.

"We are pleased to welcome this new customer to our portfolio in Brazil," said Luis Gutierrez, Prologis‘ president for Latin America.  "This lease marks more than 935,000 sq ft of pre-leasing at our Cajamar Industrial Park, making this development now fully pre-leased. Customer demand for new Class-A product is at an all-time high, and we are developing logistics facilities to meet this demand while monetising our land bank."

Prologis CCP Cajamar Industrial Park is expected to total approximately 2m sq ft at full build-out. The project, a joint venture with Cyrela Commercial Properties (CCP), is located in the Cajamar submarket of Sao Paulo, with access to the Rodoanel Ring Road and central Sao Paulo. Other Prologis customers in Cajamar include Schneider and Penske.

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