ProLogis Announces Leases in US Facilities

ProLogis has signed lease agreements totaling approximately 174,000 sq feet to three customers in the US. "These first-quarter transactions bring leasing in three newly developed facilities in our US development portfolio to 100 percent," said Larry Harmsen, ProLogis president of the United States and Canada. "While the industrial markets are still relatively soft, increasing occupancies and the lack of new supply continue to foster a more stable environment. We are encouraged by these early signs of fundamental improvement in our business."

Recent activity included leases with:

· A healthcare company in the Inland Empire of Southern California, which will occupy 103,000 sq feet at Park Redlands.

· Associated Global Systems, a third-party logistics provider, in Southern Florida. The company will occupy 54,000 square feet at Park Pompano Beach.

· A third-party logistics provider in Seattle, which will occupy 17,000 square feet at Park SeaTac.

Prologis, www.prologis.com