(To read more on the industrial market, click here.)

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LOGAN TWP., NJ-DP Partners is getting ready to startconstruction of a second W/D building within its LogistiCenter atLogan, a 1,000-acre rail-served industrial park here. The365,760-sf building, expected to be ready by the end of 2007, isbeing built on a spec basis. It's designed to accommodate either asingle user or multiple users in increments of 86,400 sf, saysStephen Bailey, director of DP's Mid-Atlantic regional office,Harrisburg, PA.

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"Besides the logistics benefits of access to rail transportationinfrastructure, tenants will have access to I-295, which is lessthan a mile away," says Michael Alderman, director of leasing forDP's Mid-Atlantic region. "The building itself offers storefrontentrances on all four corners, providing high visibility. Largeindustrial development sites are in short supply with sitesaccommodating more than 100,000 sf difficult to find, andconsidering the limited inventory, bringing a 365,760-sf specbuilding on line at this time puts us in a very competitiveposition."

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Located on 25 acres at 2100 Center Square Rd. withinLogistiCenter at Logan, the building is the second to go into theground within the park. As reported by GlobeSt.com, the Reno,NV-based DP Partners completed a similarly sized building this pastOctober. That initial building is still on the market but, "We arecurrently in negotiations for the entire facility," Alderman says."And we are already fielding inquiries about our secondbuilding."

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DP bought the 1,000-acre tract then known as Northeast BusinessPark in 2005 from the New Castle, DE-based Harvey Development Co.and promptly re-dubbed it with its LogistiCenter brand. The sitehas a total build-out capacity of some 5.5 million sf.

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