- ProLogis, a developer of distribution properties, has leased a new facility near Indianapolis to Ozburn-Hessey Logistics. The 812,000-square-foot building, which is in Plainfield's AirTech industrial park just west of the Indianapolis airport, will be used for third-party distribution services.
In addition, ProLogis is developing a distribution site for tire manufacturer Michelin in the southwestern French city of Poitiers. ProLogis will build a 344,000-square-foot facility on a 79-acre site currently occupied by a closed Michelin manufacturing plant. The DC, which is expected to open late this year, will serve markets in France and nearby European nations. - Verde Corporate Realty Services has expanded its holdings in the U.S.-Mexican border area. The company recently arranged a sale/lease back with Visteon for a 405,433-square-foot facility in Chihuahua, Mexico. The deal with Visteon also provides for the development of an additional 260,000-square-foot facility as a cor- porate office building. Both are in the El Saucito Industrial Park. Verde Realty has also acquired a 101,000-square-foot manufactur- ing site in Monterrey, Mexico, and large land tracts for future devel- opment in El Paso and McAllen, Texas, and Reynosa, Mexico.
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Gartner, Inc.