Mark Levy, VP and market officer for ProLogis in Washington DC/Baltimore, tells GlobeSt.com that the company specifically chose Silver Spring to serve as its headquarters because it is equidistance from its holdings in the Maryland and Virginia markets.
The office space it has selected is larger than its current needs, he adds. However the firm is currently looking to hire new staff to support ProLogis' leasing and property management activities, in anticipation of further growth. ProLogis is currently one of the largest industrial owners in the Washington DC/Baltimore area with more than 6.8 million sf of industrial space owned, managed or under development.
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
