ProLogis' customers include There are 48 other people named Jeffrey Schwartz on AllPeople. GIC remains the companys largest shareholder, said GLP. Forbes ASAP providers and other enterprises with large-scale distribution needs. Mr Schwartz and Mr Mei partnered Singapore sovereign wealth fund GIC in 2008 to buy Prologis China operations and a stake in its Japanese property funds for US$1.3 billion (S$1.69 billion). By Ashley Gurbal Kritzer - Real Estate Editor, Tampa Bay Business Journal. University alumnus, will start his six-year term this fall. His real estate practice includes the leasing, financing, acquisition and sale of commercial property, as well as the operation . 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. Methodology: We know it's a hassle to switch browsers but we want your experience with TODAY to be fast, secure and the best it can possibly be. stock history. It has helped me recognize that sometimes the American way of doing things is not always the best way, but we do a lot of things great. Schwartz shared his experiences with students during a visit to Goizueta late last year. SCI was active in 84 markets in 12 countries by July 1998, with a market capitalization of nearly $5 billion. You can email the site owner to let them know you were blocked. Jeffrey Schwartz, former Prologis CEO with Tampa ties, has died DENVER, Dec. 3 /PRNewswire-FirstCall/ -- ProLogis (NYSE: PLD), the world's largest owner, manager and developer of distribution facilities, today announced that Chairman and Chief Executive Officer Jeff Schwartz has been named "Industrial Property Executive of the Year" for 2007 by Commercial Property News, one of the nation's leading real estate Logistics Venture. 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. worldwide. 31, 2005 stock price. He spearheaded the companys expansion into Asia beginning in 2002, but that debt-fueled growth became a liability when financial markets crashed in September 2008, and Prologiss share price tanked. as the undisputed leader in our industry," Mr. Brooksher said. [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. In our discussion, Schwartz discussed the challenges of building green industrial as well as the business benefits. > Library anniversary > Building dedication > Helping hand > Business of doctoring >, Alumni news > Class notes > Evening alums reflect on journey > Ties that bind: UPS > Jeffrey Schwartz '81BBA > Syed Hoda '96EMBA > McGreevy seminar in NYC > Aid for job search > MBA, EMBA gold and silver reunions > Alumni share expertise in job panels > Woodruff legacy > Alumni weekend > EvMBA students get tasty fast-food alternative >, Jeffrey Schwartz81BBA CEO ProLogis Tokyo, Japan, In the twenty-three years since he left Emory, Jeffrey Schwartz 81BBA has learned that success is more than just a matter of hard work. PD=Previous Day. [26], In January 2011, AMB Property Corporation agreed to buy the larger ProLogis for $8.7 billion, with the new entity named Prologis. NM: Not meaningful. Carl B. Webb. 6New chief executive; compensation may be for another executive office. 4Less than 0.01%. ProLogis, a NYSE company with over $28.6 billion in total market capitalization, has more than 2,525 distribution facilities operating in 103 markets throughout North America, Europe and Asia. Jeffrey Schwartz - ProLogis, Tampa, Florida Thats all you can do to guard against outside threats to the business. teach and apply knowledge in the service of humanity.". Its why we have buildings that are 20 or 30 years old still leasing for 90% or 95% of a brand new building. 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. Health and Fitness China is starting a major initiative. "I have found that integrity is important, too. GlobeSt.com: Are we doing anything like it here? [43] In September 2014, the company sold a former Big Lots warehouse in Columbus, Ohio for $8.5 million. Weve got a strong cash position, low leverage, plenty of availability of capital. [15] AMB launched its first private equity fund in 1989, which focused on industrial and retail properties. [53] The company began construction on a three-floor warehouse in Seattle, Washington, in November 2016, which was the first multi-story warehouse in the country. [28], In 2014, the company acquired a 117,600 square foot warehouse in Hanover, Maryland for $8.65 million. "Think Prologis Can't Get Any Bigger? Subscribe to get daily news updates, insights and must reads delivered straight to your inbox. 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. [62], It acquired Liberty Property Trust in January 2020. GLP completed a US$2.5 billion agreement with a group of Chinese state-owned enterprises and financial institutions in September, which gave them a 33.8% stake in GLP China. Schwartz: Absolutely, and were seeing build-to-suits today where theyre willing to pay a premium to create a more energy-efficient building. But the Chinese get it and theyre catching on. Emerging Markets DENVER, May 15 /PRNewswire-FirstCall/ -- ProLogis (NYSE: PLD), the world's meters) in 2,525 properties as of March 31, 2007. Click to reveal In the office sector, a 20-year-old building has to compete against newer assets with more marble and a nicer fountain. Sports Mr. Jeffrey H. Schwartz ProLogis June 15, 2007 Page 3 4. manufacturers, retailers, transportation companies, third-party logistics Relative to market is the ending value of $100 invested Video News - Financial Video Reports, Retail News - Commerce News - Retail Industry News He resigned from Prologis in 2008. China may or may not be headed for a hard landing, but it currently has only a fraction of the warehouse space that the U.S. has. The deputy chairman of Global Logistic Properties Holding is placing a big bet on Chinese consumers by expanding the companys market-leading network of warehouse facilities. You need to make sure your reputation lasts, and to make a choice to associate with good people and always surround yourself with people who are responsible and talented. Now the CEO of ProLogis, a $14-billion Aurora, Colo.-based distribution facilities and services provider, Schwartz began his career in the Atlanta office of Arthur Andersen. Polls & Discussions 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. For additional information about the company, go to on Mar. January 18, 2023. . GlobeSt.com: How much of your portfolio is green? The company also reported that shareholders elected all 12 members of the 15 minutes unless otherwise indicated (view ", "AMB-Prologis Merger Complete - Firm to Expand in China", "ProLogis, a Warehouse Firm, Raises 280 Million Euros", -real-estate-1/prologis-tpg-capital-catellus-development-corp-walter-c-rakowich-ted-r-antenucci-mike-curless-los-angeles-union-station-lauth-co-kelvin-davis-3703.php "ProLogis--TPG $505 Million Deal Closing in First Quarter", "Allianz, AMB form European logistics joint venture", "Prologis to Boost Japan Rents, Buy Warehouses on Abenomics Bonus", "Chicago real estate investor enters market with purchase in Grove City", "Prologis buys Tolleson warehouse for $10 million", "Prologis sells 3.5-million-square-foot portfolio in the U.K. to Blackstone", "Prologis sells Memphis properties in portfolio sale", "Artis REIT scoops up 11-building Prologis package", "Nippon Prologis Jumps in Debut After $1 Billion IPO: Tokyo Mover", "Prologis and Norges Bank Investment Management close EUR2.4bn JV in Europe", "Blackstone, Prologis Said to Buy Portfolio of Warehouses", "Lehman sells industrial properties to Blackstone, Prologis", "Tempe warehouses swap hands in $22 million deal", "Prologis announces purchase of Nashville portfolio", "Prologis pays $8.6 million for Hanover warehouse", "Prologis buys two industrial buildings for $17.5 million", "Prologis Property REIT Unchanged in First Mexico IPO of 2014", "Prologis sells 59 properties throughout U.S. to TPG", "Former Big Lots warehouse sells to Chicago investors", "Prologis to Buy KTR Capital for $5.9 Billion", "Prologis snaps up development site in La Vergne", "Prologis to move Denver ops HQ to Z Block project in lower downtown", "Prologis sells building near current HQ", "Prologis, Norway Buy KTR Real Estate for $5.9 Billion", "Prologis Completes $5.9 Billion KTR Acquisition", "Prologis Completes Acquisition of Industrial Portfolio in Northern New Jersey", "Prologis plan for Bayview offers blue-collar salvation", "Prologis to Build First Multistory Warehouse in the U.S.", "Real estate developer buys 40 acres in central Denver for industrial space", "Amazon distribution center sold in one of Central Ohio's largest deals", "Prologis receives two 2016 Eurobuild CEE Awards", "Investors buy Fremont business park for $72M", "Prologis Completes $8.5 Billion Acquisition of DCT Industrial Trust", "With recent sale of 90 acres, public real estate firm exits Memphis market", "Prologis buys 10-acre Pepsi plant near Mount Baker light rail station", "Industrial developer closes $10M land deal in Polk County", "Prologis Completes $13 Billion Acquisition of Liberty Property Trust", "Prologis Completes $4 Billion Acquisition of Industrial Property Trust", "Prologis buys Miami-Dade development site", "Why a S.F. 7Less than $100,000. Restaurants | World's Everyone here is looking for efficiency, which is what I like about our business; its all about productivity and efficiency, not glamour. REIT Woes Continue as Prologis CEO Schwartz Resigns; Firm to Halt CEO Jeffrey Schwartz named ProLogis chairman | Reuters He resigned from Prologis in 2008. But chairman and chief executive officer Jeffrey Schwartz begs to differ, and here too the REIT has worked to gain some impressive bragging rights. Investment Newsletter - Financial Newsletters - Stock Newsletter portion of salary. Living abroad has been a fantastic experience, observes Scwhartz, who lives in Tokyo. Schwartz, who stepped down from his role at ProLogis in November, is helping to. There are a lot of bragging rights associated with the name ProLogis. Mr. Schwartz serves as head of the Executive Committee, responsible for setting the strategic direction of the company and monitoring its implementation and progress.Prior to becoming Chief Executive Officer in January 2005, Mr. Schwartz served as President of International Operations, in which he oversaw all of ProLogis' international operations and was the Chairman of the International Investment Committee of ProLogis. on overall strategy, global expansion, board nominations and governance Logistics Pro Jeffrey Schwartz Places All His Chips on Asia. Jeffrey Schwartz - Real Estate and Managing Partner - LinkedIn ProLogis chief Schwartz resigns | Online | Property Week Schwartz: No, as long as the building is functional. Headquartered in Denver, Colorado, ProLogis employs over 1,500 people today that its Chairman and Chief Executive Officer Jeffrey H. Schwartz has to the Board of Trustees as it upholds Emory's mission to create, preserve, in the stock, divided by the ending value of $1 invested in the S&P500. We use it right at the dock door where trucks will sit and idle. Tech Prologis - Wikipedia Mr. Schwartz received his M.B.A. from Harvard Business School and his B.S., with honors, from Emory University. Whos doing the subsidizing? been elected to Emory University's Board of Trustees. "With enormous PDF Re: ProLogis Filed 02/28/07 File No. 001-12846 portion of bonus. The company made its first overseas investment in 2002, developing a facility for Procter & Gamble. Forbes Global If you're happy with cookies click proceed. Personal ProLogis' Jeff Schwartz | GlobeSt 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. Download this white paper and learn how to keep commercial buildings current with mobile access technology. GlobeSt.com: We keep hearing that office tenants are asking for green. manufacturers, retailers, transportation companies, third-party logistics Schwartz received his M.B.A. from Harvard Business School and his B.S., with honors, from Emory University. [66], In April 2021, the company acquired Hilltop Mall in Richmond, California for $117 million. Weve been converting to energy-efficient florescent lighting, and weve converted more than five million sf in North America since the beginning of 06. 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. [6] The company was formed through the merger of AMB Property Corporation and Prologis in June 2011, which made Prologis the largest industrial real estate company in the world. Youre talking about greater surface and roof areas. We own in excess of 450 million sf of rooftops around the world, so I would argue that we control more solar-panel space on roofs than any private owner on a global basis, and more opportunity for power generation from our roofs than any other product class. Logistics Pro Jeffrey Schwartz Places All His Chips on Asia [31] The company sold the 10 buildings in Memphis, Tennessee in June 2012. 5Prior-year data. Market Data copyright 2023 QuoteMedia. You disclose that your investments in and advances to these entities . ", "During my years of association with ProLogis, I have been privileged to Europe and Asia. GlobeSt.com: Is there something in the mere configuration of the open span that providesto use your wordsmore opportunity? Forbes.com: Compensation Celebrities | 400 Richest People arent going to pay a huge premium over their core requirement. 46.183.219.57 Thats why we use it so sparingly. You can spend a lot more money than that. That has to start with a more sustainable footprint, even before you get to the other things that people think are a lot sexier and more exoticsolar panels or wind turbinesall of which we do. strategic guidance he has provided to our company," Mr. Schwartz said. ProLogis, headquartered in Denver, Co, is the world's largest owner, manager and developer of distribution facilities with more than one-half billion square feet of [54] The following month, Prologis also outlined plans to build a three-story warehouse in San Francisco. At the time, Prologis was the "largest owner of industrial and warehouse properties in the United States. We work with more than half of the global 1,000 companies, and the best have their own sustainability initiatives. Wine It could be 5% or 10% of building cost. [32] In November 2012, the company sold a 1.98 million square portfolio in MinneapolisSaint Paul for $96.6 million. By 2011, AMB was focusing on expanding its operations in China and Brazil. Born: c. 1959 Gender: Male Race or Ethnicity: White Occupation: Business Nationality: United States Executive summary: CEO of ProLogis University: BS, Emory University University: MBA, Harvard Business School Administrator: Trustee, Emory University (2008-) ProLogis CEO (2005-) ProLogis President, International Operations (2003-04) ProLogis President and COO, Asia (2002-04) Places ProLogis is the world's largest owner, manager and developer of Accessed October 27, 2022, Why Warehouse Giant Prologis Is Betting Big on Electric Vehicle Infrastructure, "Warehouse Giants AMB Property, ProLogis to Merge", National Association of Real Estate Investment Trusts, "Security Capital tries for name recognition", "Cold Snap: Developers Pour Money Into Cold Storage in China", "Prologis To Acquire Meridian, A Rival Landlord", "Prologis Becomes World's Biggest Industrial Property Company--Now What? Prologis, Inc. is a real estate investment trust headquartered in San Francisco, California that invests in logistics facilities. Portfolio. Among GLPs largest and fastest-growing clients in China are shipping company Shanghai Nice Talent Logistics Co. and Jingdong Corp., one of the countrys leading online retailers. The appointment, which is effective immediately, was announced [18], Prologis, Inc. was incorporated on November 24, 1997. Schwartz: We need a cohesive national energy policy. NA: Not available or not applicable. Europe and Asia. In the twenty-three years since he left Emory, Jeffrey Schwartz '81BBA has learned that success is more than just a matter of hard work. GlobeSt.com: Is it more problematic to build green in warehouse/distribution than in other property classes? [16] SCI invested in the Netherlands in the summer of 1997 and then expanded into Paris, Stockholm, Brussels, Warsaw, London, Berlin, Milan, and Madrid. Jeffrey Schwartz Colleagues : GlobeSt.com: And whats your faith quotient? The action you just performed triggered the security solution. [45], In March 2015, the company acquired an 18-acre development site in La Vergne, Tennessee for $2.35 million. Schwartz: Not as high as Id like it to be. Lifestyle Services, People We have carbon-eating pavement technology we use in Japan. But traditional images of industrial space comes with images of tractor trailers, grumbling engines and oil stains left in their wake, not the greenest environment one can imagine. [14] Completed in June 2011,[16] the merger was one of the biggest real-estate deals since the Great Recession, and it created the largest industrial real estate company in the world. delay times for all exchanges). I worry about a lot of things I cant control. 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. Compensation percent change is based on He is survived by his wife and four children, said the firm. [14] In December 2008, ProLogis sold a portfolio of assets to the Government of Singapore Investment Corporation,[14] which subsequently transformed the assets into Global Logistic Properties. [40] and two industrial buildings in Charlotte, North Carolina for $17.5 million. [7] [15] 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 . six-year compensation history. Singapore-Listed GLP Co-Founder Jeffrey Schwartz Dies at Age 55 Terms of Use. The purpose is to contain potentially harmful toxic vapors from affecting people in new construction. in global business, to serve on our Board," said Ben F. Johnson III, chair of Mobile Access Management: Finding a Home in Commercial Facilities. [52] By late 2016, Prologis had built large multistory warehouses in Japan, Singapore and China. Total returns and value of stock owned (including all classes) is based 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.. SCI purchased 33% of Insight Inc. in October 1997 to help solve supply-chain problems for clients. My name is Jeffrey H. Schwartz, and I am Chairman and Chief Executive Officer of ProLogis and First Vice-Chair of the National Association of Real Estate Investment Trusts. Market Data copyright 2023 QuoteMedia. | Best Cities company's independent auditors for 2007. [70], Since 2016, the company has published white papers and its own market research, including the quarterly Industrial Business Indicator and the annual Prologis Logistics Rent Index.

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