AMB Property Corporation(R) Leases 139,000 SF in Two Build-To-Suit Developments at Amsterdam and Houston International Airports
2008年11月12日 - 6:01AM
PRニュース・ワイアー (英語)
SAN FRANCISCO, Nov. 11 /PRNewswire-FirstCall/ -- AMB Property
Corporation(R) (NYSE:AMB), a leading global developer and owner of
industrial real estate, today announced it has leased 139,000
square feet (12,900 square meters) in two build-to-suit
developments at Houston's George W Bush International Airport and
Amsterdam Airport Schiphol. "This latest round of build-to-suit
activity highlights the strength of our customer franchise at key
air cargo hubs, as well as the need for high-quality
airport-adjacent space, even in today's slower economy," said Hamid
R. Moghadam, AMB's chairman & CEO. Forward Air has leased
71,000 square feet (6,600 square meters) of the AMB IAH Logistics
Center III build-to-suit development next to Houston's George W
Bush International Airport. "With its strategic location near
Houston's international airport, AMB IAH Logistics Center III is
the ideal facility to accommodate our expanding business,"
commented Matt Jewell, executive vice president at Forward Air. AMB
previously has completed 256,000 square feet (23,700 square meters)
of build-to-suit-for-sale developments for the U.S. air freight
forwarder. Proximate to Amsterdam Airport Schiphol, AMB leased
68,000 square feet (6,300 square meters) of the AMB President
Distribution Center build-to-suit development to IDEXX Laboratories
BV. "As a current customer of AMB, we turned to them for our future
facility requirements," said Jon Ayers, president and CEO, IDEXX
Laboratories, Inc. "AMB has worked closely with us to accommodate
our growing customer base in Europe and has provided us with a
facility solution that also positions us to compete more
effectively in the international arena." AMB Property
Corporation.(R) Local partner to global trade.(TM) AMB Property
Corporation(R) is a leading global developer and owner of
industrial real estate, focused on major hub and gateway
distribution markets in the Americas, Europe and Asia. As of
September 30, 2008, AMB owned, or had investments in, on a
consolidated basis or through unconsolidated joint ventures,
properties and development projects expected to total approximately
158.4 million square feet (14.7 million square meters) in 49
markets within 15 countries. AMB invests in properties located
predominantly in the infill submarkets of its targeted markets. The
company's portfolio is comprised of High Throughput Distribution(R)
facilities-industrial properties built for speed and located near
airports, seaports and ground transportation systems. Some of the
information included in this press release contains forward-
looking statements, such as the delivery and occupation of AMB IAH
Logistics Center III and AMB President Distribution Center, and the
company's ability to meet future customer demand, which are made
pursuant to the safe-harbor provisions of Section 21E of the
Securities Exchange Act of 1934, as amended, and Section 27A of the
Securities Act of 1933, as amended. Because these forward-looking
statements involve risks and uncertainties, there are important
factors that could cause our actual results to differ materially
from those in the forward-looking statements, and you should not
rely on the forward-looking statements as predictions of future
events. The events or circumstances reflected in forward-looking
statements might not occur. You can identify forward-looking
statements by the use of forward-looking terminology such as
"believes," "expects," "may," "will," "should," "seeks,"
"approximately," "intends," "plans," "pro forma," "estimates" or
"anticipates" or the negative of these words and phrases or similar
words or phrases. You can also identify forward-looking statements
by discussions of strategy, plans or intentions. Forward-looking
statements are necessarily dependent on assumptions, data or
methods that may be incorrect or imprecise and we may not be able
to realize them. We caution you not to place undue reliance on
forward-looking statements, which reflect our analysis only and
speak only as of the date of this report or the dates indicated in
the statements. We assume no obligation to update or supplement
forward-looking statements. The following factors, among others,
could cause actual results and future events to differ materially
from those set forth or contemplated in the forward- looking
statements: defaults on or non-renewal of leases by tenants,
increased interest rates and operating costs, our failure to obtain
necessary outside financing, re-financing risks, difficulties in
identifying properties to acquire and in effecting acquisitions,
our failure to successfully integrate acquired properties and
operations, our failure to divest properties on advantageous terms
or to timely reinvest proceeds from any divestitures, risks and
uncertainties affecting property development and construction
(including construction delays, cost overruns, our inability to
obtain necessary permits and public opposition to these
activities), our failure to qualify and maintain our status as a
real estate investment trust, environmental uncertainties, risks
related to natural disasters, changes in general economic
conditions or in the real estate sector, changes in real estate and
zoning laws or other local, state and federal regulatory
requirements, a downturn in the U.S., California, or the global
economy, risks related to doing business internationally, losses in
excess of our insurance coverage, unknown liabilities acquired in
connection with acquired properties or otherwise and increases in
real property tax rates. Our success also depends upon economic
trends generally, including interest rates, income tax laws,
governmental regulation, legislation, population changes, various
market conditions and fluctuations and those other risk factors
discussed under the heading "Risk Factors" and elsewhere in our
most recent annual report on Form 10-K for the year ended December
31, 2007 and our quarterly report on Form 10-Q for the quarter
ended September 30, 2008. DATASOURCE: AMB Property Corporation
CONTACT: Rachel E. M. Bennett, Media and Public Relations Director
of AMB Property Corporation, +1-415-733-9532, Web site:
http://www.amb.com/
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