(Read more on the industrial market.)
EDGEWOOD, MD-Within the space of a few of months, ProLogis hastaken Park Edgewood, a distribution facility in Harford Countylocated some 25 miles north of Baltimore, from zero to fulloccupancy. Several months ago, a home improvement national retailerleased 300,000 sf of the building for its reverse logisticsoperations, Mark Levy VP and market officer for the Washington, DCarea, tells GlobeSt.com. Four months later it approached ProLogisabout picking up the rest of the space for its use.
"They are essentially consolidating several different facilitiesunder one roof and needed the room to expand," he says. The askingrate for the space was $3.95 triple net.
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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.
