ProLogis purchased two distribution facilities totaling 1.2 million square feet in the Inland Empire submarket located in the Los Angeles Basin.

The total value of the transactions was not disclosed.

Both facilities were purchased from Allianz and are fully leased by ProLogis customers Kraft and Wal-Mart. Darla Longo and Barbara Emmons, both of CB Richard Ellis, represented Allianz and ProLogis in the transaction.

Kraft, a global leader in branded foods and beverages, leases a 455,000-square-foot facility located in the city of Ontario. Kraft is a longtime, multimarket customer of ProLogis, leasing eight facilities for a total of more than 2.3 million square feet, including this newly acquired facility. Wal-Mart, the world’s largest retailer with 2003 annual sales of $245 billion, leases the second facility, which totals 755,000 square feet and is located in Riverside County.

ProLogis is a provider of distribution facilities and services worldwide.

***

Send a Letter to the Editor for publication.
Send a comment or news tip to our newsroom.
Please include the headline of the story.

Show Comments Hide Comments

Comments

Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
By submitting your email address, you agree to receive marketing emails from Inman.
Success!
Thank you for subscribing to Morning Headlines.
Back to top
×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription