Welch, a manufacturer of containers, corrugated packaging anddisplay products, will occupy the entire building formanufacturing, assembly and distribution at the park. "Welch isbackfilling a space that another packaging company was leasinguntil it went out of business," says Brian Marsh, SVP and Midwestregional director with ProLogis. His company's properties at thepark comprise four facilities totaling about 755,000 square feet,and the sites are about 97% occupied.


At the nine-building Capital Park, Health Care Logistics istaking space in a 378,273-square-foot multi-tenant building that isnow 100% leased, Marsh says. He says the healthcare product companyis already in another building in the 2.8-million-square-foot park,and looked to expand for more space. The park is 90% occupied,Marsh says.


The small deals, in the 100,000-square-foot to150,000-square-foot range, are seeing the most activity, he says."The Columbus market is holding steady," Marsh says. "We're notseeing a lot of positive absorption. Mostly, we're seeing a lot ofexpansions from existing firms." The lease rates in the area runfrom $2.85 to $3.50 per square foot, he says.

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