X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

(To read more on the industrial market, click here.)

DULLES, VA-Denver-based ProLogis is poised to ramp up leasing activities in two of its DC-area facilities as various construction and redevelopment activities near completion.

According to Mark Levy, vice president and market officer for ProLogis, a 60,000-sf lease could be signed in the near future for ProLogis Park Gateway, the company’s 50-acre industrial park near Washington Dulles International Airport.

Levy tells GlobeSt.com that a Hartford County, MD property also is poised to sign on new tenants. ProLogis acquired the 602,000-sf building at 1701 Trimble Rd. in Edgewood, MD from Gap Inc. last November when it moved its operations to Missouri. ProLogis then launched a series of upgrades to the fire protection system, 47 rear-load dock doors and mechanical dock levelers, bumpers and seals plus improvements to the office area. Levy can’t say how much went into the upgrades, but the work wraps up this week.

The company has not signed any tenants as of yet, but Levy says it has many good prospects. “We are encouraged by the activity,” he adds.

ProLogis has 800,000 sf of developable land at Edgewood. “We are looking at those possibilities right now,” Levy says.

The facility borders the Aberdeen Proving Ground so it’s likely to attract government contractors, Levy believes. “This is one of the largest bulk industrial buildings in Hartford County,” he says. “There is no other facility in this submarket that offers this kind of space.”

ProLogis’ team also expects to bring in new tenants to ProLogis Park Gateway at Dulles, located at the junction of Route 606 and Pacific Boulevard, now that part of its second phase is nearing completion. ProLogis is planning to develop five buildings, totaling 399,000 sf of light-industrial and distribution space in the park. The first three buildings will come on line this month. According to local sources, a 65,000-sf structure has been sold to Federal Bakers, which services Starbucks. The other two buildings were built as spec, one of which is being weighed for the 60,000-sf deal. By the end of the year, ProLogis expects to begin construction on another 180,000 sf in two buildings at Dulles.

Levy says ProLogis recently tapped two executives to augment its leasing efforts in its DC portfolio. Connie Rhodes, now based in Baltimore, was hired from Phillips Edison and Kim Price left the Scranton Plan Economic Development Agency in Pennsylvania to join ProLogis’ Washington, DC team.

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

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
Live Chat

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