ProLogis Plans $67M, 62-Acre Park

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MANASSAS, VA-ProLogis plans to invest $67 million in the development of a 62-acre park in the Manassas submarket. The company already has a sizable investment in Sterling–its ProLogis Park Gateway, which is currently in phase two of development. Many of the buildings in both of the parks are being developed on spec; however, ProLogis is not concerned that one may cannibalize the other.

Mark Levy, vice president and market officer for ProLogis in Washington, DC and Baltimore, tells GlobeSt.com that the two parks will serve two distinct and separate market groups. “The reason companies locate in Gateway is to be close to the Dulles Airport and the Dulles Toll Road,” he says. Companies will want to be in ProLogis Park Manassas for access to the 81 Corridor, Virginia Inland Port and because of labor shortages in Loudoun County.