BMW leasing warehouses from ProLogis
Warehouse developer ProLogis said it has signed two agreements to develop about 1.2 million square feet of industrial space in the eastern United States for automaker BMW of North America.
ProLogis will develop a distribution center for BMW in eastern Pennsylvania totaling 870,000 square feet and another in suburban Chicago totaling 306,000 square feet. BMW will use the facilities for storage and handling of automotive and motorcycle parts as well as accessories.
In addition, ProLogis has acquired a 252,000-square-foot distribution facility from BMW in Mt. Olive, N.J., which BMW will continue to occupy until completion of the Pennsylvania facility.
The facility in Lower Nazareth, Pa., is at the intersection of Routes 33 and 248. The building, which is expandable to 1.4 million square feet, is one of two facilities under construction at the park. The second, totaling 930,000 square feet, is being developed to accommodate future demand in the area.
In Minooka, Ill., the 306,000-square-foot facility will be expandable to 473,000 square feet and is under construction at ProLogis’ Internationale Centre South, near the Interstate 80, I-55 interchange.
The park comprises three buildings totaling 2.6 million square feet. At full build-out it will be able to support more than 6.2 million square feet of distribution space.
