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Third-Party Logistics Provider to Locate New Distribution Center at ProLogis Park 70 Etna Outside Columbus ProLogis (NYSE: PLD), a leading global provider of distribution facilities and services, today announced that it has leased more than 237,000 square feet of industrial space outside Columbus, Ohio, to Menlo Worldwide, a California-based third-party logistics provider.
Menlo has leased the space at ProLogis Park 70 Etna, a state-of-the-art industrial park off Interstate 70 in Etna township, 10 miles east of Columbus. Menlo will use the facility to provide warehousing, inventory control, distribution and transportation management services to a major consumer products company as its anchor client at the site. Menlo also expects to add other customers in the near future.
"We selected ProLogis Park 70 Etna because of its strategic location, good access to I-70 and significant expansion capabilities," said Rich Tracchio, director of operations for Menlo Worldwide. "ProLogis has been very responsive to our needs. We're pleased with the quality of this facility, and we look forward to the key role it will play in the distribution solutions we develop for our customers."
"We're currently serving Menlo Worldwide at 10 locations in North America and Asia, and we're pleased to be expanding our relationship with them through this new agreement," said Brian N. Marsh, ProLogis senior vice president and Columbus market officer. "This transaction underscores the value of ProLogis Park 70 Etna as a prime distribution site, given the access it offers to major roadways, availability of land and tax incentives, and its proximity to a strong labor base."
ProLogis Park 70 Etna is a 220-acre master-planned park designed to serve customers' regional distribution needs throughout the Midwest, offering strategic access to key roadways as well as Port Columbus International Airport. The park features 32-foot clear heights, cross-dock design, extensive truck parking and other amenities, as well as access to Foreign Trade Zone (FTZ) benefits. It can accommodate up to 3 million square feet at full buildout.
Menlo Worldwide is the $1.4 billion supply chain services subsidiary of CNF Inc. The company manages a full range of logistics activities in North America, Europe and Asia for companies across a wide range of industries, including automotive, technology, manufacturing, food and beverage, consumer products, chemical and retail.
Source: Press Release
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