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.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.