ProLogis Announces Long-Term Lease With Komatsu America International
5 January 2000
ProLogis Announces Long-Term Lease With Komatsu America International Co., for New Distribution Facility in Las Vegas, Nevada
LAS VEGAS--Jan. 5, 2000--Construction Equipment Throughout North America
ProLogis, , a leading global provider of distribution services and facilities, today announced the signing of a multi-year lease with Komatsu America International Co., for 102,400 square-feet of distribution space located in the Las Vegas Corporate Center. Komatsu will utilize the facility to deliver construction equipment parts to distributors throughout North America.
Komatsu, the second largest supplier of construction equipment in North America, will move into the facility in the second quarter of 2000. In addition to distributing its products throughout North America, Komatsu will also carry stock and fulfill same-day emergency orders to its West Coast distributors from this same location.
"This agreement reaffirms the strength of the Las Vegas market as a leading national distribution center and demonstrates the increasing demand in the area for flexible, state-of-the-art facilities tailored to meet the logistics needs of the country's largest distribution corporations," said Steven Spaulding, Vice President for ProLogis. "We think it's a great opportunity to provide Komatsu with a technologically advanced facility capable of meeting the company's operational requirements."
The Las Vegas Corporate Center is a fully equipped distribution center with a total of 235,320 square feet of space that boasts such features as ESFR sprinkler systems, clearance heights of up to 24 feet and a strategic location that provides immediate access to Interstate 15. Komatsu worked in tandem with the Nevada Development Authority in choosing the Las Vegas Corporate Center as the site for this distribution facility. The facility will be the eighth building in the Las Vegas Corporate Center developed by ProLogis, which owns and operates more than two million square feet of distribution space in the Las Vegas area alone.
"As the demand for our products continues to increase throughout the West Coast and across North America, we were in search of a provider that could deliver timely solutions to our supply chain needs," said Bob Jones, Manager of Product Support Marketing for Komatsu America International Co. "Working with ProLogis, we are developing a facility that will help us meet our ever-growing distribution demands and satisfy our customers with faster and more efficient product delivery."
ProLogis is a leading global provider of integrated distribution services, with more than 1,594 distribution facilities owned and operating throughout North America and Europe. ProLogis has built the industry's first and only global network of distribution facilities with the primary objective of becoming the leading provider of distribution facilities and services. The company expects to achieve this objective through the ProLogis Operating System(TM) and its commitment to be "The Global Distribution Solution" by providing exceptional corporate distribution services and facilities to meet customer expansion and reconfiguration needs globally. As of September 30, 1999, ProLogis had 177.3 million square feet of distribution facilities operating or under development in 94 global markets.
Komatsu America International Company (KA) is the second largest supplier of construction equipment in North America and manufactures and markets the Komatsu line of hydraulic excavators, wheel loaders, crawl dozers, off-highway trucks and motor graders used by many major construction companies. Visit Komatsu's Web site at http://www.komatsuamerica.com.