AMB Property Leases in Paris Development

Global owner, operator and developer of industrial real estate, AMB Property Corporation, leased approximately 65,000 square feet in AMB Port of Rouen, a development in its Paris market, which is now fully leased.

Lincoln Electric, a manufacturer of welding equipment, is taking the last available space in the 275,000 square-foot project a month before completion of development.

The Port of Rouen provides rapid access to major economic centers in the region via highway, rail and the two major airports at Roissy and Orly.

"The geographic position of the Port of Rouen, between Paris and Le Havre, makes it extremely important to our global customer base -- the leaders in distribution, logistics and retail," said Francois Rispe, AMB's vice president, general manager, France.

At the end of June, AMB's portfolio in Europe totaled more than 14 million square feet of operating and development properties, of which approximately 4.8 million square feet is in France.

Contact Thomas L. Gallagher at tgallagher@joc.com.