prologis san francisco

Web8,400 square feet of ground floor retail. View property details for Prologis San Leandro 38 located at 2756 Alvarado St, San Leandro, CA 94509 with Prologis Property Search. All statements that address operating performance, events or developments that we expect or anticipate will occur in the futureincluding statements relating to rent and occupancy growth, acquisition and development activity, contribution and disposition activity, general conditions in the geographic areas where we operate, our debt, capital structure and financial position, our ability to earn revenues from co-investment ventures, form new co-investment ventures and the availability of capital in existing or new co-investment venturesare forward-looking statements. At the time, Prologis was the "largest owner of industrial and warehouse properties in the United States. Lawsuit Accuses OpenAI of Stealing Data to Train Chatbots, AT&T Closing Flagship in Downtown San Francisco, Unlimited access to GlobeSt and other free ALM publications, Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications, 1 free article* every 30 days across the ALM subscription network, Exclusive discounts on ALM events and publications. The SF Caltrain Railyards is a once-in-a-generation opportunity to develop a transit hub that will deliver a faster and more sustainable rail system, connect neighborhoods, improve ridership and drive economic opportunity for the community. Blackstone Real Estate also operates one of the leading global real estate debt businesses, providing comprehensive financing solutions across the capital structure and risk spectrum, including management of Blackstone Mortgage Trust (NYSE: BXMT). City officials expect the industry to generate between 50,000 and 90,000 jobs over the next decade. Blackstone Inc. struck a deal to sell warehouses and industrial properties to Prologis Inc. for $3.1 billion. San Francisco-based Prologis plans to build a 250,000-square-foot industrial development in San Leandro, according to public records. [64] The company also acquired a development site in Miami Dade for $9 million. See who you know in common. The project, designed by Portland-based ZGF, would resemble giant blue-gray cubes cut with descending landscape terraces, just east of Highway 101. In April, Dallas-based Trammell Crow bought four properties near the Alexandria/Prologis site with talk about converting a warehouse at 120 East Grand Avenue next door into a life science laboratory. All rights reserved 2023 The Real Deal is a registered Trademark of Korangy Publishing Inc. [16], In late 1997,[16] AMB became a public company via an initial public offering, with more than US$2.8 billion under management. [14] In December 2008, ProLogis sold a portfolio of assets to the Government of Singapore Investment Corporation,[14] which subsequently transformed the assets into Global Logistic Properties. [40] and two industrial buildings in Charlotte, North Carolina for $17.5 million. [15], In the midst of problems with debt[22] following aggressive expansion[14] and heavy borrowing,[16] ProLogis' CEO Jeffrey Schwartz was replaced with Walter Rakowich in 2008. [54] The following month, Prologis also outlined plans to build a three-story warehouse in San Francisco. AVAILABLE NOW www.prologis.com CalDRE Lic #01944561 DOWNTOWN SAN FRANCISCO Units Ranging from 16,000 SF to 40,000 SF Two Full Buildings Available for up to 224,000 SF Ample [25], In March 2011, prior to the merger with ProLogis, AMB Property formed a 470 million joint venture with Allianz Real Estate. The company sold Part magazine, part platform, part database. Copyright 2023, Prologis, Inc. All rights reserved. 3995 - 10271 SF 371.147 - 954.207 SQM 112.272 - 288.648 tsu. After 25 years, San Juan Capistranos Cedar Creek Inn closes. Advocates call requirement dangerous, Eating this food may be a reason why some people live to 100, Do Not Sell/Share My Personal Information. Will is the Founder and Managing Director of Prologis Ventures. We have 48 properties for lease in South San Francisco, totaling 4,168,254 square feet, that serve 138 customers. The properties represent nearly 14 million square feet. [56] In December 2016, Prologis received two 2016 Eurobuild CEE Awards. CHRO for publically traded company with 24,000+ employees in over 30 countries and $3.5B revenue. Cloudflare Ray ID: 7dfde8808de934a3 There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. "The acquisition demonstrates our unique ability to add significant scale to our portfolio - expanding customer relationships and increasing opportunities for our growing Essentials platform. WebAbout. [11] It serves about 6,600 tenants. Prologis has made news lately both on the development front and for non-development deals. Although we believe the expectations reflected in any forward-looking statements are based on reasonable assumptions, we can give no assurance that our expectations will be attained and, therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements. The worlds largest industrial property company is set to grow again after striking a multi-billion dollar deal with the Blackstone Group. * We provide logistics properties for any customer need. Prologis is an organization grounded in a belief that people always come first. We have 48 properties for lease in South San Francisco, totaling 4,168,254 square feet, that serve 138 customers. Some of the factors that may affect outcomes and results include, but are not limited to: (i) international, national, regional and local economic and political climates and conditions; (ii) changes in global financial markets, interest rates and foreign currency exchange rates; (iii) increased or unanticipated competition for our properties; (iv) risks associated with acquisitions, dispositions and development of properties, including the integration of the operations of significant real estate portfolios; (v) maintenance of Real Estate Investment Trust status, tax structuring and changes in income tax laws and rates; (vi) availability of financing and capital, the levels of debt that we maintain and our credit ratings; (vii) risks related to our investments in our co-investment ventures, including our ability to establish new co-investment ventures; (viii) risks of doing business internationally, including currency risks; (ix) environmental uncertainties, including risks of natural disasters; (x) risks related to global pandemics; and (xi) those additional factors discussed in reports filed with the Securities and Exchange Commission by us under the heading "Risk Factors." Last year, it made one of the most significant industrial acquisitions in recent memory, acquiring Duke Realty in a deal ultimately valued at $23 billion, making it the largest commercial property deal since the pandemic began. [24], The Blackstone Group bought a portfolio of assets from the company in late 2010 for $1 billion. WebPrologis is the global leader in logistics real estate. [14] In January 2011, the company sold a portfolio of Catellus retail and mixed-use assets to affiliates of TPG Capital for $505 million, including rights to the Catellus name. [17] SCI later exited the cold-storage business. Former Huntington Beach leaders file lawsuit to block $5 million air show settlement. With the deal, Prologis acquired more than 160 million square feet of industrial space across the U.S. Prologis currently controls 1 billion square feet of logistics space. [66], In April 2021, the company acquired Hilltop Mall in Richmond, California for $117 million. The proposed 250,744-square Join the industry's top owners, investors, developers, brokers and financiers for the real estate healthcare event of the year! WebAbout. 4 A compelling investment opportunity EMBEDDED GROWTH: Global in -place-to-market of ~13% harvesting NOI* from rolling leases Development stabilizations unlocking NOI* from development pipeline [14] In 2006, ProLogis became a Fortune 1000 company and the ProLogis European Properties Fund became a public company. The company will continue to operate the park for a period of up to 11 years and then will close existing park operations at the end of the lease term. SAN FRANCISCO and NEW YORK, June 26, 2023 /PRNewswire/ -- Prologis, Inc. (NYSE: PLD) and Blackstone (NYSE: BX) today announced a definitive agreement for 9 Ways to Save with Real Estate Lease Administration. As Prologis turns 40, CEO Hamid Moghadam says it will stay true to industrial sector. This white paper analyzes changes in shopping center visitor behavior to see how malls are maintaining relevance in 2023. Prologis is headquartered in San Francisco, CA and has 5 office locations located throughout the US. WebPrologis is the largest industrial property owner in the San Francisco Bay Area. Trammell Crow. [30], In February 2012, the company sold a 3.5 million square foot portfolio in the United Kingdom to The Blackstone Group for $335 million. Prologis San Francisco 8 (Potrero Business Center) 1750 Cesar Chavez Street San Francisco, California, 94124 United States Total Available. Also, San Diego-based Phase 3 Real Estate Partners plans to replace a three-story Comfort Inn at 121 East Grand Avenue into a 17-story, 938,000-square-foot office and R&D building. Amazon, one of the largest leaseholders of industrial property, has pulled back from its rampant growth in the category. [59] It sold the last of its holdings in Memphis, Tennessee,[60] and acquired the Pepsi bottling plant near the Mount Baker station in Seattle for $65 million in September of that year. The acquisition price represents an approximately 4% cap rate in the first year and a 5.75% cap rate when adjusting to today's market rents. WebPrologis is the largest industrial property owner in the San Francisco Bay Area. WebSan Francisco, CA 94111 United States 415 394 9000 415 394 9001 (Fax) Learn more about the San Francisco, CA market Mitchell & Co. 2001 Union St, San Francisco, CA 94123. [49][50], In October 2015, Prologis acquired Morris Realty Associates' portfolio of logistics and retail properties in the United States for $820 million. Prologis will build the new campus, to feature offices and labs, at 101-150 and 170 Associated Road and 175 Sylvester Road. We have 48 properties for lease in South San Francisco, totaling 4,168,254 square feet, that serve 138 customers. [17] In November 1998, Prologis Trust acquired Meridian Industrial Trust for $862.5 million in stock. Logistics Venture. Exclusive discounts on ALM and GlobeSt events. Prologis was recently honored at the CREATE Annual Gala in San Francisco. View jobs Prologis Employee Reviews in San Francisco, CA Review this company Job Title We have 48 properties for lease in South San Francisco, totaling 4,168,254 square feet, that serve 138 customers. WebLead Generation Manager, Prologis Mobility - North America. Already have an account? Your article was successfully shared with the contacts you provided. WebPrologis is the largest industrial property owner in the San Francisco Bay Area. View property details for Prologis SFO 4 located at 415 East Grand Avenue South San Francisco, CA 94080 with Prologis Property Search. The property is located in San Leandros General District, which is just off the 880 Freeway and a mile away from Oakland International Airport. Such statements involve uncertainties that could significantly impact our financial results. [21] The company acquired Catellus Development in 2005 for $3.6 billion. Forward-Looking StatementsThe statements in this document that are not historical facts are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. [51], Prologis formed its venture capital arm in March 2016 and had made 20 investments by late 2019. San Francisco-based Prologis (NYSE: PLD) bought the 8.2-acre Shaw Business Center from SBC Investors LLC. WebOur vision for Prologis San Francisco Gateway is the development of two state-of-the-art multistory facilities that will transform the area with resilient, flexible and innovative spaces to support the Citys production, distribution and repair (PDR) businesses. WebView property details for Prologis North San Jose 2 located at 528 Brennan Street, San Jose, CA 95131-1201 United States with Prologis Property Search. WebPrologis is the largest industrial property owner in the San Francisco Bay Area. We have an additional 116 properties in the East Bay, totaling 13,608,961 square feet, that serve 703 customers. The action you just performed triggered the security solution. All rights reserved 2023 The Real Deal is a registered Trademark of Korangy Publishing Inc. SL Green sells 245 Park stake in breakthrough for office market, Prime scores $947M loan on Park La Brea complex, SCOOP: Terras $1.2B purchase of Gentings Miami assemblage called off, U.S. industrial sales dropped 30% toward normal in 2022, Blackstone subsidiary pays $150M for suburban Chicago industrial properties. SAN FRANCISCO and NEW YORK, June 26, 2023 /PRNewswire/ -- Prologis, Inc. (NYSE: PLD) and Blackstone (NYSE: BX) today announced a definitive agreement for Prologis to acquire nearly 14 million square feet of industrial properties from opportunistic real estate funds affiliated with Blackstone for $3.1 billion, funded by cash. [23], It sold its China operations and some of its Japanese interests to GIC Private Limited for $1.3 billion in 2009. the San Francisco Business Times reported. Equity Community Builders. WebPrologis San Francisco, CA5 hours agoBe among the first 25 applicantsSee who Prologis has hired for this roleNo longer accepting applications. Cloudflare Ray ID: 7dfde87f28683764 You can email the site owner to let them know you were blocked. [15] AMB added an internal development division in 2004. Blackstone Inc. struck a deal to sell warehouses and industrial properties to Prologis Inc. for $3.1 billion. Click to reveal Central Coast is Californias hottest housing market, 4.1 million-square-foot warehouse in Ontario will be Amazons biggest ever, Tourist filmed defacing Romes Colosseum has been identified, police say, ESPN fires 20 on-air employees in latest round of job cuts, Reparations task force gives recommendations on how California can atone for slavery, When the 405 Express Lanes open up, some motorists will avoid the toll. Prologis, Inc. is a real estate investment trust headquartered in San Francisco, California that invests in logistics facilities. The people-centered redesign of the headquarters employs healthy design strategies throughout, from maximizing views and daylight, to open stairs encouraging increased physical activity, and large green walls by the local landscape pioneer, David Brenner of Habitat Horticulture. We have 48 properties for lease in South San Francisco, totaling 4,168,254 square feet, that serve 138 customers. We undertake no duty to update any forward-looking statements appearing in this document except as may be required by law. Here's what you need to know about Prologis's now-public proposal. The seller was a joint venture between Parking Acquisition Ventures and an affiliate of Oz Real Estate. ", Nadeem Meghji, head of Blackstone Real Estate Americas, said, "Where you invest matters, and this transaction demonstrates the exceptional demand for high-quality warehouses. [14] Completed in June 2011,[16] the merger was one of the biggest real-estate deals since the Great Recession, and it created the largest industrial real estate company in the world. Words such as "expects" "anticipates," "intends," "plans," "believes," "seeks," and "estimates" including variations of such words and similar expressions are intended to identify such forward-looking statements, which generally are not historical in nature. SCI acquired Texas Cold Storage and Continental Freezer in 1997 and secured the primary contract to distribute food for Kroger Co. in Illinois. Oct 10, 2022, 10:00 AM. WebPrologis is the largest industrial property owner in the San Francisco Bay Area. In the first quarter, industrial property owned by companies specializing in the sector experienced solid market rent growth, according to Green Street. Prologis is the largest industrial property owner in the San Francisco Bay Area. It touches upon major markets, including Dallas, South Florida and the New York City metro area. We have an additional 116 properties in the East Bay, totaling 13,608,961 square feet, that serve 703 customers. Are there still human remains in Titanic wreckage? WebPrologis. Mission Housing Development Corp. 440 Valencia St, San Francisco, CA 94103. May 2005 - Sep 20127 years 5 months. The action you just performed triggered the security solution. Performance & security by Cloudflare. [16] AMB CEO Hamid R. Moghadam and ProLogis CEO Walter Rakowich were appointed as the new company's co-chiefs, with Moghadam to become the sole CEO in 2013. The action you just performed triggered the security solution. Domus Development. Office Snapshots is the world's largest and most popular office design destination. - Innovative (way more to the business than just standard real estate) - Progressive (inclusive culture, leading the way for commercial real estate) - Great benefits (401k, bonus, parental leave, vacation days, medical, vision/dental, etc.) SCI became a public company via an initial public offering on the New York Stock Exchange in 1994. Think Again", "The e-commerce boom makes warehouses hot property", "Warehouse Giant Prologis to Offer More Peripheral Services, CFO Says" by Kristin Broughton; Wall Street Journal; January 26, 2022. We have 48 properties for lease in South San Francisco, totaling 4,168,254 square feet, that serve 138 customers. Earlier this Summer, Cedar Fair, a leader in regional amusement parks, sold the land at its Californias Great America property to Prologis for about $310 million in a transaction marketed by CBRE. [57], In November 2017, the company sold a 12-building business park in Fremont, California for $72 million. Facing cash crunch, Tides may call investors for more money, Umpqua Bank halts multifamily lending on West Coast, SL Green sells off 245 Park stake in breakthrough for office market, Yoel Goldman is back in the game. Prologis leases modern logistics facilities to a diverse base of approximately 6,600 customers principally across two major categories: business-to-business and retail/online fulfillment. [62], It acquired Liberty Property Trust in January 2020. Key markets include San Francisco, Seattle, the Central Valley, Southern California, the Inland Empire, Las Vegas and Phoenix. [16] That year, AMB initiated an international expansion program focused on buying and developing distribution facilities near global trade hubs, particularly in growth markets such as Brazil, Mexico, and China. [6] The company was formed through the merger of AMB Property Corporation and Prologis in June 2011, which made Prologis the largest industrial real estate company in the world. The Federal Reserve may get the recession it seems to be requesting. ProLogis ranked first in the 2005 Top 25 Industrial Owners survey. Your IP: WebPrologis is the largest industrial property owner in the San Francisco Bay Area. Save from all sites: Office, Hospitality, Education, Healthcare, and Home. We have 48 properties for lease in South San Francisco, totaling 4,168,254 square feet, that serve 138 customers. Prologis sold the retail asset portion of this portfolio to an affiliate of The Blackstone Group for $374 million. Pier 1 Bay 1, San Francisco, California, 94111, United States Description Founded in 1983, ProLogis Inc. is a owner, operator and developer of industrial real estate, focused on global and regional markets across the Americas, Europe and Asia. By Sarah Klearman. Pier 1 Bay 1, San Francisco, California, 94111, United States Description Founded in 1983, ProLogis Inc. is a owner, operator and developer of industrial real estate, focused on global and regional markets across the Americas, Europe and Asia. [11] Prologis began releasing a series of special reports on the industrial impact of theCOVID-19 pandemicin early 2020, noting that an increase an e-commerce would likely result in companies increasing their inventories, in turn increasing the demand for warehousing. Where you can celebrate July 4, see fireworks in Orange County, These 10 Orange County restaurants offer views for watching Fourth of July fireworks, Officials fear many Southern California residents are about to lose Medi-Cal coverage for missing paperwork, I just want to be home: United Airlines cancellations, delays continue to multiply at Denver International Airport, What makes you a mosquito magnet? These high-quality properties are complementary to our portfolio and fit perfectly into our long-term strategic plan for growth, Dan Letter, Prologis president, said in the statement. 90986 SF 8452.872 SQM 2556.995 tsu. A weekly digest of the latest office designs delivered every Monday (view sample). This website is using a security service to protect itself from online attacks. www.copyright.com. [42] Prologis sold a 59-property portfolio to TPG for $375 million. [22][14] Clients of the new company included DHL, Kuehne + Nagel, Home Depot Inc., Unilever,[14] and FedEx. Prologis. 5.189.129.126 A clear central spatial organization offers a number of collaborative areas for staff, and gives each person access to a variety of work-style choices. Performance & security by Cloudflare. WebPrologis is the largest industrial property owner in the San Francisco Bay Area. The transaction is currently expected to close by the end of the second quarter. We have an additional 116 properties in the East Bay, totaling 13,608,961 square feet, that serve 703 customers. Blackstone Inc. struck a deal to sell warehouses and industrial properties to Prologis Inc. for $3.1 billion. Gavin Newsom. [53], In 2016, the company acquired 40 acres in Denver,[55] and sold an 800,000 square foot distribution center in Etna Township, Licking County, Ohio leased to Amazon.com for $89 million. [45], In March 2015, the company acquired an 18-acre development site in La Vergne, Tennessee for $2.35 million. Phoenix, Arizona Area. Our opportunistic funds seek to acquire undermanaged, well-located assets across the world. Prologis intends to develop a two-building, 550,000-square-foot office and laboratory campus on three adjacent properties it owns in South San Francisco, Calif., San Francisco Business Times first reported.To that end, the firm has submitted an application with the city, seeking to merge the sites, which total 4.7 acres, and replace the existing South San Francisco, dubbed the birthplace of biotechnology, is now home to around 200 biotech companies inhabiting 11.5 million square feet. Sort of, Umpqua Bank halts multifamily lending on West Coast, Prologis CEO Hamid Moghadam robbed at gunpoint in San Francisco, Prologis buys 112-acre theme park in Santa Clara. The project, named Prologis San Leandro 33, includes two grade-level doors, 56 dock-high doors and a clear height of 32 feet. Available Now. SEE MORE: 4.1 million-square-foot warehouse in Ontario will be Amazons biggest ever. Prologis and Blackstone have completed more than a dozen transactions together in the past 11 years. Property owners have been snapping up warehouses in recent years, lured in part by the rise in e-commerce. He joined AMB Property Corporation in 2005, bringing extensive experience in real estate development and The times arent nearly as good as the sectors spectacular rise at the start of the pandemic, however. May 10, 2022 Updated May 11, 2022, 9:12am PDT. Alexandria Real Estate Equities and Prologis have won unanimous approval from the citys Planning Commission to build the research campus at 100 East Grand Avenue, the San Francisco Business Times reported. You can email the site owner to let them know you were blocked. [63], In February 2020, the company acquired Industrial Property Trust. WebPrologis is the largest industrial property owner in the San Francisco Bay Area.
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