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Prologis completes 35 build-to-suit projects in 2018

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Prologis completes 35 build-to-suit projects in 2018

Prologis Inc. disclosed the completion of 17 build-to-suit projects in the second half of 2018, which spanned over 4.4 million square feet, for a total expected investment of about $400 million on a Prologis share basis.

Overall, the industrial landlord wrapped up 35 build-to-suit developments in 2018, encompassing 12.4 million square feet, for a total expected investment of approximately $1.0 billion.

The company started 29 build-to-suit projects in 2018, with 15 projects, encompassing 6.9 million square feet, starting in the second half of 2018. Total expected investment for the developments started in the last six months of 2018 amounted to roughly $525 million.