The lease is for five years at an undisclosed rental rate. A Cincinnati broker familiar with distribution space near, who requested anonymity, tells GlobeSt.com that the space "probably rents in the range of $4 per sf."
Innotrac is a third-party provider of customer relationship management services to major corporations. In a statement, vice president Paul Chisholm says, "ProLogis accommodated us quickly with a state-of-the-art facility that will allow us to expand our business and support a new client."
Matt Franks of Mitchell, KY-based Huff Commercial Group represented Innotracin the lease transaction.
Atlanta-based UPS Worldwide Logistics Group is also an Airpark tenant and ProLogis customer. ProLogis companies include an industrial REIT and a corporate distribution and logistics service provider.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
