The industrial real estate developer Prologis said Wednesday it inked a deal to build two distribution centers for BMW of North America.
Construction of the two facilities, in Redlands, Calif., and Dallas, will collectively create up to 609,000 square feet of warehouse space.
The 326,500-square-foot Redlands facility also includes an expansion option for another 96,000 square feet, while the 282,000-square-foot Dallas facility has an expansion option for up to 370,000 square feet.
ProLogis also said it has agreed to acquire a 204,000-square-foot distribution center from BMW in Ontario, Calif.
"These new agreements demonstrate the power of our strong global customer relationships and increase BMW’s portfolio with Prologis to more than 2.2 million square feet in five markets, all of which have been build-to-suits,” said Richard Strader, senior vice president of global customer solutions for Prologis, in a statement. - Eric Johnson