(Read more on the industrial market.)
HARRISON, OH-Campbell Hausfeld, a tool manufacturer, has reneweda 309,000-sf industrial lease at a building here. ProLogis leasesthe entire building to the company, which will continue to use thespace as its divisional headquarters and nationwide distributioncenter.
The company started in the city more than a century ago, makingplowshares, says Dave Kelly, a VP with ProLogis. He says the firmhas leased the building at least since the early 1980s, when hiscompany bought it. The tenant is now a subsidiary of BerkshireHathaway. "The company's not going to go away, they employ a lot ofpeople there, and are a pillar of the community," Kelly tellsGlobeSt.com. He says he can't divulge the length of the lease term,but says similar buildings in the market lease for between $2.75 to$3.50 per sf.
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