Prologis has signed a new lease agreement totalling 197,000 square feet (18,300 square metres) at Prologis CCP Cajamar II, Building 300 in Sao Paulo, Brazil.
The repeat customer is a logistics and supply chain solutions company.
"There is significant demand for Class-A logistics facilities in the Sao Paulo metro area, as a wide range of manufacturing and retail customers need space to service a rapidly growing consumer market," says Hardy Milsch, Prologis' vice president, country manager, Brazil. "The park is ideally located for regional distribution facilities and we are pleased to expand this important relationship and accommodate their growing business in Brazil."
Prologis CCP Cajamar II is expected to total nearly 2.9 million square feet (267,000 square metres) at full build out. The project, a joint venture with Cyrela Commercial Properties, is located in the Cajamar submarket of Sao Paulo and adjacent to the Anhanguera Highway.