Why Nevada

1
Why Nevada?
Brandon J. Page Vice President Market
Officer March 28, 2008
2
Strategic Location
Why Nevada?
Location
Market Highlights

• Pro-business climate.
• Strategically located for distributing product to
  the West Coast
• One-Days Drive Can Reach 42M People.
• High Quality of Life.

3
Regional Distribution Percentage of U.S.
Population Within 500 Miles
4
Population and Employment Growth

• Nevada has had the fastest growing population
  during the past twenty years among all 50 states.
• 2.6 million people in 2006, with a 4.3 annual
  growth rate, over the past ten years
• Total U.S. annual growth only 1 over the past
  ten years
• Greater Las Vegas metro area grew to 1.9 million
  a 5.6 annual growth rate over ten years
• Clark county on average increased by 5,000
  people/month
• Las Vegas city limits hit 580,000 people in 2006
• Renos population amounted to 214,000 in 2006 a
  3.2 annual growth rate over ten years
• Nevada employers have added 384,000 jobs to their
  payrolls during the past ten years a 43
  increase 3.6 annually.
• The Las Vegas metro area employment base has
  grown by 4.3 a year during the past ten years
  a total increase of 313,000 jobs.
• The Reno employment base has grown by 2.1 a year
  during the past ten years a total increase of
  42,000 jobs

5
Market Overview Reno, Nevada
Demand Generators
Portfolio Market Positioning

• Up to 42 of the competitive base, making
  ProLogis a market share leader
• Best in-fill locations
• Two-thirds of Reno assets in Sparks and Airport
  submarkets
• Limited remaining development sites within
  Truckee Meadows
• Factors Limiting Future Development
• Lack of water rights
• Natural geographic constraints
• High infrastructure costs

• Nevadas tax structure and right to work status
• Low cost alternative to San Francisco and
  Northwestern industrial hubs
• Multiple Transportation Links
• I-80 connects N. CA to NJ and Hwy 395 connects
  Pacific NW to S. CA
• Union Pacific Railways servicing 23 states
• Reno Tahoe International Airport
• Diverse mix of customers servicing regional and
  local businesses
• UPS Western Region Hub

Diverse Customer Base PLD Top 10 Customers

• Ozburn-Hessey Logistics, LLC 3PL NBTY,
  Inc. Medical Products
• BN.COM (Barnes Noble) Wholesale/Distribution
  ARAMARK Food/Retail
• CEVA Logistics 3PL Southern Wine Spirits
  Retail
• Kuehne Nagel 3PL Wyeth
  Pharmaceuticals
• Henry Schein Medical Products Baker
  Taylor Wholesale/Distribution

6
ProLogis Park _at_ Tahoe-Reno Industrial Center

• Property Description
• 601,750 square feet
• Expandable to 1,083,000 square feet - Divisible
  to 100,291 square feet
• 32 clear height
• 119 Dock-High Doors
• 50x50 column spacing (60 speeder bays)
• ESFR Sprinklers
• 314 Space Auto Parking
• 160 Space Trailer Parking
• 4000 Amps/480V

7
Brandon J. Pagebpage_at_prologis.com775 829 3030