SpeedFC, Menlo Lease More Than 300,000 SF

Garland, TX- based SpeedFC, a fulfillment company, is taking 158,000 sf. The company already leases 160,000 sf in the park. San Mateo, CA-based Menlo, a freight and logistics firm, has added 150,000 sf, bringing its total to 461,000 sf at the park. Both companies expanded into the 107 Heritage building, which is now 90% occupied, says ProLogis SVP Brian Marsh. "We've got about 55,667 sf still available in the building, which we finished about six months ago," he says. Lease rates average about $3 to $3.25 in the park, Marsh says. He wouldn't divulge how long the leases are for, but says they are long-term.

ProLogis is also seeking tenants for its third building, at 127 Heritage, that it recently finished. There is interest in the 524,000-sf spec building, Marsh says, but no leases yet. "We're very encouraged. We had two customers expand here. We're optimistic on the market, central Ohio continues to be a very effective place for distribution, it's a one-day truck trip to many of the large North American markets. Our park has great access on I-70, and a good labor pool in the area." ProLogis is seeking silver LEED certification for the 127 Heritage facility, with the use of recycled and locally sourced building materials, skylights and low-maintenance landscaping to minimize water consumption and waste, among other green initiatives.

The company plans on adding two more large buildings to the 1.6-million-sf park, ending up with 3.4 million sf. It's costing ProLogis about $23 to $27 per sf to put up the buildings, a company spokeswoman tells GlobeSt.com.