ProLogis Leases Distribution Facilities To LG Electronics

ProLogis, the world’s largest owner, manager and developer of distribution facilities, has announced that it has leased more than 612,000 square feet of distribution space outside Atlanta to LG Electronics, USA Inc., the North American subsidiary of the global consumer electronics, appliances and mobile communications company. LG Electronics now occupies more than 2 million square feet at ProLogis facilities in multiple locations in North America. In February, LG leased a 750,000-square-foot warehouse from ProLogis in New Jersey, which serves as the company’s primary northeast distribution center.

Source: CNN Money (Read full story)