TAMPA, FL-Denver-based ProLogis has acquired a 72,000-sf distribution facility and 18 acres on Madison Avenue with plans to build an additional 280,000 sf of distribution space. ProLogis anticipates breaking ground on the project, which will be called ProLogis Park Madison, in the second half of 2008.

The new construction will include four buildings, each with about 70,000 sf. The buildings will have rear load configurations and two buildings will share a truck court. The project cost has not yet been determined. The first two buildings are expected to be completed as early as the first quarter of 2009. A completion date has not yet been determined for the remaining two buildings, ProLogis vice president and market officer for Tampa David Hicks tells GlobeSt.com.

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