(Read more on the industrial market.)

PLAINFIELD, IN-Prime Distribution Services Inc. will consolidateits three-building operation in Indiana in a lease of a brand newfacility in Allpoints Midwest that, when the company fully movesin, will be about 1.2 million sf. The building is the first to bebuilt on the 920-acre industrial park, being developed by a jointventure of Duke Realty Corp. and Browning Investments.

The venture built the current 646,380-sf building last year on aspeculative basis, says Mark Lubbers with NAI Olympia Partners, whorepresented the tenant in the transaction. Prime Distribution willoccupy the building in March. The venture is also adding another554,040-sf to the building, which should be finished by October,Lubbers says. He wouldn't divulge the lease rate, but said theaverage rate in the area is in the low $3 range, on a triple netbasis. "The rate is competitive," Lubbers says.