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Wednesday, December 15, 2010

Industrial Net Leased Property in California

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City of Industry, California - Our Net Lease Properties information delves into industrial net leased property. ProLogis has just signed a huge industrial net lease. ProLogis is the global provider of distribution facilities. They have leased 449,000 square feet of space in the Los Angeles area. The Tenant for this net leased property is Port Logistics Group. Port Logistics Group is a provider of national gateway logistics services.

This Industrial net lease investment is fittingly in the City of Industry. This net leased property address is 501 S. Cheryl Lane, City of Industry, California with the zip code of 91789. The Tenant, Port Logistics Group will occupy this space at Industry Distribution Center Building Six. The vicinity of this industrial net leased property is located at the intersection of the 60 and 57 freeways. The industrial net leased property location is billed as strategic for distribution to Southern California and the Western United States. Reports have Southern California as the largest distribution market in the United States, making Port Logistics Group presence here even more important.

Port Logistics Group now is Tenant of Net Lease Properties in the City of Industry, California With over 1.1 million square feet of warehouse space. Port Logistics Group specializing in softlines, their City of Industry space in net lease properties provide the full range apparel handling requirements including GOH, pick and pack, inner packs, and customized customer-specific programs. Also their leasing space in net leased properties allows them to complement with the Masterpress division. Reprocessing over 2 million pieces per month, Masterpress is one of the largest value-add apparel reprocessing operations on the West Coast.

The owner of this industrial net leased property, ProLogis, has a 4.8 million-square-foot Investment Property portfolio. This Investment Property portfolio contains industrial space owned and managed in markets across North America, Europe and Asia. ProLogis engages with communities to support initiatives that improve education and human welfare where there is need.

ProLogis' Tenants in their net leased properties include manufacturers, retailers, transportation companies, third-party logistics providers and other enterprises with large-scale distribution needs. ProLogis is headquartered in Denver, Colorado. ProLogis is a member of the S&P 500 and is publicly traded on the New York Stock Exchange under the ticker "PLD."

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