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1.6M-SF Facility in $200M Network

PHILADELPHIA-A 1.59-million-sf distribution facility in Carlisle, PA is one of five regional properties in a newly created national distribution network formed by Aurora CO-based ProLogis and Greenwich, CT-based Unilever Home & Personal Care, North America. Owner ProLogis leases the properties.

By Marita Thomas | Updated on July 17, 2002

PHILADELPHIA-A 1.59-million-sf distribution facility in Carlisle, PA is one of five equally large properties assembled in a new national distribution network formed by Aurora, CO-based ProLogis and the Greenwich, CT-based Home & Personal Care, North America, division of Unilever, the global consumer products company. The others are in Georgia, Texas, Illinois and California.

ProLogis’ total investment in the properties is in excess of $200 million. It owns the five properties in which 15 smaller Unilever facilities will be consolidated, and leases them back to Unilever. A breakdown of prices for each of the properties is not available, nor is the rental rate. However, brokers tell GlobeSt.com the average asking rental rate for warehouse/distribution space in the Carlisle area is between $3.60 per sf and $3.75 per sf, making the deal worth about $6 million a year.

Consideration of the consolidated, five-property, nationwide network was begun by Unilever HPC and ProLogis in 2000 in order to reduce logistics costs and improved speed to market.

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