ProLogis (PLD), one of the leading global providers of distribution facilities, has reappointed Irving F. Lyons III on its Board to bring in experience that is invaluable to the company.
Lyons had earlier served ProLogis as the Chief Investment Officer from 1997 to 2004. He was also a board member of the company from 1996 until his retirement in 2006. With his appointment, ProLogis has brought on board over 30 years of management experience in the industrial sector to instill a fresh perspective and dynamism to the company.
In a separate development, ProLogis announced the lease of a 215,000 square feet distribution space in Southern California to Golden State Container – a leading international provider of packaging and storage solutions. The lessee will occupy the newly constructed space at ProLogis Park Ontario Airport.
Spanning across 1.9 million square feet, the park includes state-of-the-art facilities. The leased site is also located in close proximity to the Ontario International Airport and has superior highway connectivity. Golden State Container will utilize the facility to serve its industrial customers better in the region, primarily across the Eastern LA County and the Inland Empire.
ProLogis owns and manages interests in over 2,500 distribution facilities, service offices, and properties spanning 475 million square feet of space (including properties under development). As of Jun 30, 2009, the company had 200.5 million square feet of direct-owned industrial properties, – 81.5% of which was located in North America, 14.2% in Europe, and 4.3% in Asia.
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