$1.8-billion

That calls for a change in structure that will be fullydescribed in a few weeks, but includes a DP Office, DP Retail andDP Land Group, said Michael Alderman, director of leasing for themid-Atlantic region, which is based in Harrisburg. "We need todeploy money," he said. And, despite expansion and diversification,he said the company "is ready to develop 2.7 million sf of specindustrial all across the country."

That includes a second 365,760-sf specdistribution building that will break ground within two weeks atLogistiCenter at Logan, a 1,000-acre industrial park in Logan Twp.,NJ. DP acquired the site in June 2005. When fully built, at anaggregate cost of $200 million, it will accommodate 5.5 million sf."If we get a build-to-suit, we'll do it; if there's an opportunityto sell land, we would," said Stephen Bailey, mid-Atlantic regionaldirector. That is what makes this project "different from the oldDP," he added.