NM: Not meaningful. ProLogis ranked first in the 2005 Top 25 Industrial Owners survey. [66], In September 2017, in partnership with Oxford Economic Papers, the company determined that $1.3 trillion-worth of goods were transferred through its buildings annually and that the company and its customers had a total annual economic impact of $200 billion. meters) in 2,525 properties as of March 31, 2007. The purpose is to contain potentially harmful toxic vapors from affecting people in new construction. He resigned from Prologis in 2008. The companys free float is 36.6 percent, while GIC retains a 50.6 percent stake and Lone Pine Capital, a Greenwich, Connecticut, hedge fund firm run by Stephen Mandel, owns 10.11 percent. University alumnus, will start his six-year term this fall. Europe and Asia. Mr. Schwartz received his M.B.A. from Harvard Business School and his B.S., with honors, from Emory University. Everyone here is looking for efficiency, which is what I like about our business; its all about productivity and efficiency, not glamour. When Schwartz stepped down from Prologis in November 2008, he and Mei partnered with Singapore's sovereign wealth fund GIC to purchase Prologis' assets in China and Japan for $1.3 billion. our growth and global success, and we look forward to his continued Former Managing Partner, Resultant Capital Partners. Its become a big business driver for us. Columnists, Business Services Annualized total return during tenure covers Mr. Brooksher For refrigeration abroad, SCI purchased Frigoscandia AB, then Europe's largest distributor of refrigerated goods. [13] and other logistics tech equipment for purchase. Europe has been talking about it for four years, and now, because of a documentary movie and some severe weather related disasters, people here are realizing that the problem is real and needs to be taken seriously. [51], Prologis formed its venture capital arm in March 2016 and had made 20 investments by late 2019. When it announced his leave in a statement on Nov 4, GLP said CEO Ming Z Mei would continue to lead the company. I worry about a lot of things I cant control. In addition, Mr. Schwartz served as President and Chief Operating Officer, Asia, in which he had responsibility for the ProLogis Operating System and day-to-day operations in Asia.Previous to this, Mr. Schwartz served as Vice Chairman of ProLogis, where he had responsibility for all International Operations, commencing activities in Mexico in 1996 and Europe in 1997. Contact us. Indonesias Economic Growth Fuels Investors Optimism, China Ousts Japan As World #2, Trade Surplus Narrows, The Flight to Crypto Quality: Risk Management at Center Stage, Modern Slavery Act Transparency Statement. Wine [66], In April 2021, the company acquired Hilltop Mall in Richmond, California for $117 million. [53], In 2016, the company acquired 40 acres in Denver,[55] and sold an 800,000 square foot distribution center in Etna Township, Licking County, Ohio leased to Amazon.com for $89 million. Contact Information Primary Position Chairman & Chief Executive Officer, Prologis (Acquired in 2011) Education Harvard Business School, MBA (Master of Business Administration) [15][16] The company first expanded outside the United States in 1996 with acquisitions in Mexico[15] and in 1997 it acquired properties in both Mexico and Europe. the Board of Trustees. [74], 1997 incorporation and international expansion, Government of Singapore Investment Corporation, "Prologis Reports Strong Fourth Quarter and Full Year 2022 Earnings", "Prologis, Inc. 2022 Proxy Statement (Form DEF 14A)", "Prologis, Inc. 2021 Form 10-K Annual Report", "Industrial Park's Owner Bringing in Restaurants, Retail as Amenities for Workers", "Prologis Warehouse Rents Jump as Space Remains Tight". Theres almost no functional obsolescence. of trustees. European companies, for the most part, are ahead of US companies in thinking this through and making it an initiative. *May exclude premium content Think Again", "The e-commerce boom makes warehouses hot property", "Warehouse Giant Prologis to Offer More Peripheral Services, CFO Says" by Kristin Broughton; Wall Street Journal; January 26, 2022. To continue, upgrade to a supported browser or, for the finest experience, download the mobile app. They stressed a high degree of ethical standards, which I think is increasingly important in the business world, but not always recognized for its true value.. Investing Services Its on the order of $100 per sf. [54] The following month, Prologis also outlined plans to build a three-story warehouse in San Francisco. Prologis Announces New CFO February 15, 2022 Logistics Real Estate: Highest Demand, Fastest Rent Growth in History Susan Uthayakumar Joins Prologis as Chief Sustainability and Energy Officer Toggle Menu En You are currently on the Prologis global website Global www.prologis.com en Americas Brazil pt en Canada en Mexico es en USA en Health Care News - Healthcare News - Health Care Industry News They guarantee you a price for the power you generate thats a premium over what they normally pay for a conventional source of power, and that allows you a decent return. See here for a complete list of exchanges and delays. But if you can be price-competitive and provide them a more sustainable product, its an easy decision. Mr. Jeffrey H. Schwartz Chief Executive Officer and Trustee ProLogis 4545 Airport Way Denver, CO 80239 Re: ProLogis Form 10-K for the year ended December 31, 2006 Filed 02/28/07 File No. | 200 Best Small Companies GIC remains the companys largest shareholder, said GLP. GlobeSt.com: Certainly retrofit is easier than in a multi-tenant office building. "We are pleased to have someone of Jeff's stature, who brings experience Not only did Jones teach him accounting, he also introduced him to his wife, Carol 83BBA, whom Jones recommended as a potential Arthur Andersen recruit. Its why we have buildings that are 20 or 30 years old still leasing for 90% or 95% of a brand new building. Total returns and value of stock owned (including all classes) is based And all our new buildings have it. Retirement 2Four-year total. Schwartz had joined Prologis in 1994 and held various executive roles before being appointed chief executive officer in 2005. SCI officially changed its name to ProLogis in July 1998. DENVER, Oct. 3 /PRNewswire-FirstCall/ -- ProLogis (NYSE: PLD), the world's largest owner, manager and developer of distribution facilities, announced today that its Chairman and Chief Executive Officer Jeffrey H. Schwartz has been elected to Emory University's Board of Trustees. six-year compensation history. | 400 Best Big Companies Logistics Pro Jeffrey Schwartz Places All His Chips on Asia Mr Schwartz, 55, had taken time off from the company for health reasons. It could be 5% or 10% of building cost. Forbes.com: Management. Contact info: jschwartz@prologis.com Find more info on AllPeople about Jeffrey Schwartz and ProLogis, as well as people who work for similar businesses nearby, colleagues for other branches, and more people with a similar name. company's independent auditors for 2007. Logistics Real Estate & Supply Chain Logistics | Prologis The deals tap outside capital to fuel GLPs growth and generate a new stream of fee income. on Mar. Video News - Financial Video Reports, Retail News - Commerce News - Retail Industry News on overall strategy, global expansion, board nominations and governance Although the stock slumped nearly 25 percent in its first year, it has rebounded by roughly two thirds and traded at 2.51 Singapore dollars ($2.03) late last month. We use it right at the dock door where trucks will sit and idle. Commodities In 2003, ProLogis was added to the S&P 500 Index and entered the Chinese market,[15] and in 2004 the company acquired Keystone Industrial Trust for $1.6 billion. GlobeSt.com: Is it more problematic to build green in warehouse/distribution than in other property classes? According to Forbes' 2005 list of Executive Pay, Jeffrey H Schwartz, the CEO of ProLogis (PLD) was paid $4.7 mil in total compensation. watch the company evolve into a truly global enterprise and establish itself Last year the company established a $500 million Japanese joint venture with the Canada Pension Plan Investment Board (CPP) to develop warehouse projects; the venture is building 173,000 square meters of space in two projects, in Tokyo and Hiroshima, respectively. Mr. Schwartz was the founder and managing partner of The Krauss/ Schwartz Company, the largest industrial developer in Florida, which was acquired by ProLogis in 1994. Ranks are given only to chief executives who have a six-year tenure and [48], In June 2015, Prologis partnered with Norges Bank Investment Management to buy KTR Capital Partners for $5.9 billion, expanding Prologis' real estate portfolio in the United States through the Prologis U.S. teach and apply knowledge in the service of humanity.". ProLogis, a real-estate investment trust whose share price has fallen more than 90% this year, also said it would halt its aggressive expansion strategy and slash its dividend by more than half to . GLP co-founder Jeffrey Schwartz dies - TODAY [42] Prologis sold a 59-property portfolio to TPG for $375 million. DENVER, May 15 /PRNewswire-FirstCall/ -- ProLogis (NYSE: PLD), the world's largest owner, manager and developer of distribution facilities, today announced that Jeffrey H. Schwartz, chief executive officer, has been appointed to the additional post of chairman of the company's 12-member board of trustees. strategic guidance he has provided to our company," Mr. Schwartz said. Schwartz: Japan is very progressive in its thinkingon the order of Europe. Most executives would love to be plotting their strategy from the vantage point of Jeffrey Schwartz. stock history. PD=Previous Day. "Surround yourself with the right people when making decisions," says Christophe Garnier, CEO and co-founder of Upflex. Goizueta Business Magazine Spring-Summer 2004 - Emory University 1 Min Read NEW YORK, May 15 (Reuters) - ProLogis said on Tuesday its Chief Executive Jeffrey Schwartz had been named chairman of the company's 12-member board of trustees, effective. Forbes 500s Prologis Reports Strong Fourth Quarter and Full Year 2022 Earnings. [16] AMB CEO Hamid R. Moghadam and ProLogis CEO Walter Rakowich were appointed as the new company's co-chiefs, with Moghadam to become the sole CEO in 2013. Market Data copyright 2023 QuoteMedia. Polls & Discussions NA: Not available or not applicable. He is survived by his wife and four children, said the firm. After an initial public offering in 2010, GLP grew to become one of the largest providers of modern logistics facilities in China, Japan and Brazil. ProLogis is the world's largest owner, manager and developer of During Schwartz's tenure at ProLogis he led the transformation of the Denver-based shed giant into the largest logistics property company in the world. Found 4 colleagues at ProLogis. The operations were rebranded as Global Logistic Properties in March 2009. GlobeSt.com: How do we stack up against other nations in terms of sustainability initiatives? | International 500 Strategies [22][14] Clients of the new company included DHL, Kuehne + Nagel, Home Depot Inc., Unilever,[14] and FedEx. One of the companies is still active while the remaining seventeen are now listed as inactive. Pay it Forward: "I Dont Make Many Decisions Alone Anymore", Land Science Scores a US Patent on Vapor Mitigation Membrane, Unlimited access to GlobeSt and other free ALM publications, Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications, 1 free article* every 30 days across the ALM subscription network, Exclusive discounts on ALM events and publications. Compensation percent change is based on