ETNA, OH- Prologis, Inc. has just signed a new build-to-suit agreement with SpeedFC, Inc., an e-commerce firm, for a 770,000-square-foot distribution facility in Etna, Ohio. They will build the structure in their Prologis Park 70 Etna industrial park near Interstate 70 and Port Columbus International Airport.
The deal will help continue a robust expansion of big-box distribution centers that has gone on across the country, but especially in the Midwest. Consumers have been putting pressure on retailers to deliver products quicker, which pushes e-commerce firms like SpeedFC to move into larger and more efficient spaces. According to a recent report by Colliers International, the Columbus industrial market has recorded seven consecutive quarters of strong positive absorption.
“The strategic location of this fulfillment center enables us to continue meeting our customers' growing demand by providing high accessibility to the U.S. and Canada populations,” says Jeff Zisk, president of SpeedFC.
“Supply of large space in the U.S. remains limited and e-commerce fulfillment continues to drive strong demand,” says Brian Marsh, senior vice president of Prologis.
The developer estimates that the industrial park will eventually have a total of four million square-feet of logistics space. Other tenants of the park include Menlo Worldwide Logistics, GENCO Distribution Systems and JELD-WEN.
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Brian J. Rogal
Brian J. Rogal is a Chicago-based freelance writer with years of experience as an investigative reporter and editor, most notably at The Chicago Reporter, where he concentrated on housing issues. He also has written extensively on alternative energy and the payments card industry for national trade publications.
