Prologis Georgetown Crossroads Maximizes Site Potential and More

Prologis Georgetown Crossroads is a master-planned logistics park that spans 1,000 acres in Prince George's County, Maryland.

Its strategic location near the Capital Beltway and Interstate 95 makes it an ideal hub for logistics and distribution operations.

The site's unique design allows for a high density of development, with multiple buildings and amenities within walking distance of each other.

This approach maximizes the site's potential while also creating a safe and efficient environment for employees and visitors.

By incorporating a mix of office, warehouse, and outdoor space, Prologis Georgetown Crossroads offers a diverse range of options for businesses and employees alike.

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The Prologis Georgetown Crossroads location is situated in the heart of Northern Virginia, just off I-495 and I-95.

This strategic location provides easy access to major highways, making it an ideal spot for businesses that need to transport goods quickly and efficiently.

Prologis Georgetown Crossroads is situated near the intersection of I-495 and I-95, which is a major transportation hub for the region.

The property is also close to the Capital Beltway and the Springfield Intermodal Center, making it easily accessible by car, truck, or public transportation.

The Prologis Georgetown Crossroads location is also surrounded by a diverse range of businesses and industries, including logistics, e-commerce, and manufacturing.

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Prologis has made significant moves in the Georgetown Crossroads area. The logistics giant has added to its development site by buying an additional half-acre industrial property at 5979 Fourth Ave. S.

This acquisition is a notable expansion for Prologis in the area. Prologis has a strong presence in Georgetown Crossroads.

The purchase of the new property brings more land under Prologis' control, allowing for further development and growth in the area.

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Prologis Georgetown Crossroads is a significant development in the logistics industry, and one of its notable features is the first multistory warehouse in the US. This innovative design allows for more efficient use of space.

Located in Northern Virginia, this facility is a prime example of how warehouse design is evolving to meet the demands of e-commerce and last-mile delivery. The site spans 1.2 million square feet.

The multistory warehouse concept offers several advantages, including reduced land use and lower construction costs. By stacking multiple levels of storage, Prologis Georgetown Crossroads can accommodate more tenants and increase its overall capacity.

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This development is a response to the growing need for efficient and flexible warehouse space in the region. The project's proximity to the Capital Beltway and Interstate 95 makes it an attractive option for businesses looking to locate near major transportation hubs.

The multistory warehouse design also allows for easier navigation and reduced truck traffic, which can help mitigate congestion and improve air quality.

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Prologis bought the 13.5-acre Georgetown Crossroads site in 2015 for $24.5 million, which translates to about $42 per square foot.

The site was already paved, lit, and fenced at the time of purchase, giving Prologis a head start on development.

The average land price for single-story warehouse development in the U.S. was about $30 per buildable square foot in October 2018, according to CBRE.

Prologis' decision to buy the site made economic sense, considering the high demand for industrial space in the area and the limited supply of large parcels.

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Vacancy for industrial space in South Seattle has hovered around 1 to 2 percent for the last five years, making it a challenging market to find large buildings.

The company had a strong belief that Seattle had a lot of runway for hyper-growth, realizing where they were in the cycle and the market they were in.

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