LANCASTER - Prologis Inc. has signed a build-to-suit agreement for more than 1.2 million sf in the new Prologis Park 20/35. Construction is scheduled to begin in January 2013.
The park currently includes two fully-leased buildings totaling 1.2 million sf and an additional speculative facility that is under construction totaling 654,000 sf. At full buildout, the park will include more than 3.1 million sf of logistics space.
The client is a food and beverage company and repeat customer.
Prologis owns and manages more than 23 million sf of distribution space across 160 facilities in the Dallas market. Properties are currently 94.3 percent leased.
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