"I really can't speak publicly about exactly what's going on inLouisville and Cincinnati," says John Begier, EVP acquisition anddevelopment at Keystone. "We will be doing land acquisition in boththose markets and you can expect some major big-box developmentannouncements next year."

Indicative of the scale of Keystone's distribution facilitydevelopment plans in the Midwest is the trust's massive 490-acreAirtech Park in Plainfield, IN, just minutes from IndianapolisInternational Airport and Fedex's second largest air freighthub.

The trust broke ground on an 800,000-sf speculative warehouse atAirtech last July, which promises to be just the beginning. "Thispark has the capacity for an additional nine projects of thiscaliber, which we plan to roll-out on a yearly basis. The decisioncycle for distribution users is generally less than six months. Ourplan is to continually bring inventory on-line," says David Hagan,vice president of development at Keystone.