Mark Levy, VP and market officer for ProLogis in Washington DC/Baltimore, tells GlobeSt.com that the company specifically chose Silver Spring to serve as its headquarters because it is equidistance from its holdings in the Maryland and Virginia markets.
The office space it has selected is larger than its current needs, he adds. However the firm is currently looking to hire new staff to support ProLogis' leasing and property management activities, in anticipation of further growth. ProLogis is currently one of the largest industrial owners in the Washington DC/Baltimore area with more than 6.8 million sf of industrial space owned, managed or under development.
Continue Reading for Free
Register and gain access to:
- 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
© 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.
Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
