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Prologis Signs Lease Deal with Amazon.com for 1M+ Sq. Ft. Distribution Center

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Full-Throated Capitalist (Seeking Alpha)

Prologis, Inc. (NYSE: PLD), the leading global owner, operator and developer of industrial real estate, announced today it signed a lease agreement with Amazon.com (NASDAQ: AMZN) to build a more than one million square foot distribution center.

Amazon's fulfillment center will be constructed on nearly 90 acres of land at Prologis Park Tracy Phase II, in Tracy, CA, a strategic location proximate to major west coast metro areas, including the San Francisco Bay Area.

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