(To read more on the industrial market, click here.)
DULLES, VA-ProLogis is beginning the second phase of developmentat ProLogis Park Gateway, a 50-acre industrial park near WashingtonDulles International Airport. The Denver-based firm plans to build399,000 sf of additional light industrial and distribution space atthe park, which is located on Route 606 and Pacific Boulevard. Atotal of five buildings will be built in Phase II, with the firstthree scheduled for completion in August 2006.
Mark Levy, vice president and market officer for ProLogis, tellsGlobeSt.com that it has sold one 65,000-sf building to FederalBakers, which services Starbucks. ProLogis plans to lease the othertwo buildings under construction.
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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.
