According to Dwyer, the recently acquired land is located across the street from the ProLogis Park 70-Etna and backs up to I-70. 

“The acquisition of this additional acreage was a key component for ProLogis’ future expansion in the Etna area,” Dwyer said. “Its close proximity to local airports and freeways makes it an attractive location for regional distribution centers,” he said.

Currently, ProLogis is developing Phase I of the ProLogis Park 70-Etna, a 220 acre master-planned park offering strategic access to major roadways as well as Port Columbus International Airport and the new Rickenbacker Intermodal Terminal. Comprised of three buildings that make up 1.6 million square feet, the park is currently being expanded to accommodate an additional 2.1 million square feet. A full build out of the park will feature five facilities comprising 3.7 million square feet.

Brian Marsh, senior vice president and regional head of operations said the acquisition of the land at US 40 and National Road provides additional opportunities in Central Ohio to build bulk distribution facilities in addition to the 3.7 million square feet it will already operate here.

“Our acquisition of an additional 97 acres across the street from the ProLogis Park 70-Etna will provide an opportunity to expand our initial project,” Marsh said. “Phase II of the ProLogis Park 70-Etna will include two buildings comprised of more than 1.3 million square feet.”

While no specific time frame for construction on Phase II is planned, it could be as early as this year according to Marsh.

“The site is zoned and ready for immediate development so we are ready to move on the build out of the 97 acres for Phase II if a user approaches us and has a need for that space immediately,” Marsh said.

About ProLogis
ProLogis is the world’s largest owner, manager, and developer of distribution facilities, with operations in 20 countries across North America, Europe and Asia.  The company has $34.4 billion of assets owned, managed and under development, comprising 483 million square feet in 2,669 properties as of September 30, 2007.  ProLogis’ customers include manufacturers, retailers, transportation companies, third party logistics providers and other enterprises with large-scale distribution needs.  Headquartered in Denver, Colorado, ProLogis employs more than 1,300 people worldwide.  For additional information about the company, go to www.prologis.com.        

About NAI Ohio Equities
Operating as central Ohio’s largest locally owned commercial real estate company; NAI Ohio Equities has been serving the Columbus real estate market for more than 37 years.  Located downtown in the Columbus Brewery District, NAI Ohio Equities is comprised of a team of 32 agents making up an experienced Brokerage Department specializing in land, retail, office, investment and industrial real estate.  In addition to the Brokerage Department, NAI Ohio Equities has a reputable Property Management Division managing more than 12 million square feet of property. As an affiliate of NAI Global, Ohio Equities is part of a network of 5,000 professionals working in 350 offices in more than 500 key markets around the world. For more information on NAI Ohio Equities or the NAI Ohio Equities/Anderson Layman Eastern Ohio Branch, including available brokerage and property management services visit www.ohioequities.com or please call 614-224-2400.