X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

PHILADELPHIA-Aurora, CO-based ProLogis has leased 628,507 sf in three buildings at Airpark Distribution Center outside Cincinnati, OH to Germany-based Adidas Sales Inc. Terms of the lease are undisclosed.

Asking rental rates for warehouse/distribution space in that market range from $3.50 per sf to $5 per sf, according to GlobeSt.com research.

Adidas will distribute its full line of apparel and sportswear from this location, which is on I-275 and Route 20, and has easy access to states East of the Rockies and the local airport. A portion of the space will be occupied by Adidas-owned Salomon NA, which supplies winter sports accessories and apparel.

ProLogis, a worldwide distribution and logistics specialist, has five buildings totaling 1.3 million sf in Airpark. Tenants in its other buildings there include Duluth, GA-based Innotrac; Pittsburgh-based Anex Warehouse; Inman, SC-based Concept Packaging, and Grove Transportation.

James E. White, first vice president of ProLogis, says in a statement that the new facilities would enable Adidas “to successfully streamline its supply chain operations and . . . accommodate the company’s changing seasonal logistics needs.”

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?

GlobeSt. NET LEASE Spring 2021Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information
 

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 © 2021 ALM Media Properties, LLC. All Rights Reserved.