One reason the global relocation company liked the space is thatit was designed to LEED specifications, he adds. The industrialspace is beginning to mimic demand patterns in the office sector inthis way, although few industrial tenants are requesting Silver orGold certified buildings as is common among many office usersparticularly government agencies. For the moment most users remaincontented with an industrial building certified to LEEDstandards.

Graebel relocated from a Chantilly, VA-based facility to alsosave on energy costs, Phil Burton, SVP and real estate director forGraebel, says in a prepared statement. "Our new location atProLogis Park Gateway is significantly closer to major modes oftransportation and will allow us to reduce travel time and gasconsumption."

Graebel's lease essentially brings the park's second phase ofdevelopment--which consists of five buildings and totalsapproximately 400,000 sf--to full occupancy. "The buildings areeither leased or waiting for execution of pending leases," Levysays. Construction is scheduled within 30 to 60 days on the firsttwo buildings in phase three, he adds. At full build-out, ProLogisPark Gateway will have nine facilities, comprising more than716,000 sf of green distribution space.

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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.