A Denver company is developing an industrial park in China that will be used as the main logistics and distribution center for the 2008 Beijing Summer Olympics.
The Beijing Organizing Committee for the Games of the XXIX Olympiad has leased an existing 283,000- square-foot building in ProLogis Park Beijing Airport. It also has reserved all the remaining land at the site, which will be developed into three additional buildings totaling 793,000 square feet.
The park will be the official distribution center for Olympics-related equipment and materials.
UPS will provide logistics planning and management services for the committee and will work with ProLogis at the park.
ProLogis is investing more than $43 million, including land-acquisition costs, to develop the park about 2 miles from the Beijing Capital International Airport cargo terminal and 10 miles from Beijing’s central business district.
ProLogis had planned to do the project before the Olympic committee agreed to lease the space, said Arthur Hodges, a company spokesman.
The Olympic committee likely will continue to need the space after the Games end but will ramp down over time, Hodges said. After that, ProLogis will be free to find a new tenant for the space.
“It’s a great location from a logistics standpoint,” Hodges said.
ProLogis will start development of nearly $2.5 billion in projects worldwide this year, including up to $200 million in China.
Staff writer Margaret Jackson can be reached at 303-820-1473 or mjackson@denverpost.com.
