Prologis' Shanghai Facility Leased To Asian Retail Group

Law360, New York (December 6, 2011, 5:05 PM EST) -- Industrial real estate giant Prologis Inc. has filled the leasable space in its new Shanghai warehousing facility ahead of schedule after agreeing to lease 116,320 square feet to an Asian retail group, Prologis announced Tuesday.

The tenant is retail consortium Shanghai SMG-CJ Homeshopping Co. Ltd., a joint venture between Chinese state-owned Shanghai Media Group Inc. and South Korean retail conglomerate CJ Group, Prologis says.

Terms of the deal were not immediately disclosed. Representatives for Prologis did not immediately respond to a request for comment Tuesday....
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