Activity at AmeriPlex gaining steam

Back to TopCommentsE-mailPrintBookmark and Share

One of the Indianapolis area’s largest industrial parks is experiencing robust construction activity that includes more than just distribution centers.

AmeriPlex-Indianapolis south of Interstate 70 on the west side contains 6 million square feet, most of industrial space occupied by such companies as Allison Transmission and Pepsi Co.

But the industrial park—the area's third largest, according to IBJ statistics—soon will be home to a parking facility and 130-room Holiday Inn hotel.

All told, including a couple of distribution centers, roughly $75 million of construction is occurring at AmeriPlex. And that figure could double if work starts on two more projects in the spring, said Chris Wilkes, a partner of South Bend-based developer Holladay Properties.

“In the 11 years I’ve been down here,” he said, “I haven’t seen a year quite like this.”

Wilkes attributed the brisk activity to a recovering economy and a dwindling number of parcels available in surrounding industrial parks.

The industrial sector is rebounding particularly well, as shrinking vacancy has prompted construction of several speculative buildings in the market.

Multi-tenant vacancy rates in the third quarter stood at just 4.4 percent, while net absorption through the first nine months of the year rose to nearly 2 million square feet, according to Cassidy Turley statistics.

At AmeriPlex, Atlanta-based Industrial Developments International Inc. completed a 794,608-square-foot speculative building in March. California-based online electronics retailer Newegg Inc. plans to occupy more than 410,000 square feet of the new space.

IDI also is building a 464,000-square-foot spec building on 26 acres that should be finished in the spring. It then has plans to begin an 887,000-square-foot facility on 53 acres within the industrial park.

In addition, Memphis-based Federal Express in the spring is set to complete a 330,000-square-foot building on 38 acres. The facility should be operating by September, nearly doubling the size of its SmartPost distribution operations on the city’s southwest side.

SmartPost is a FedEx unit that ships small, low-weight packages through the U.S. Postal Service. Its existing SmartPost facility operates in 180,000 square feet  about 2 miles away at 5454 Decatur Blvd.

And upstart Dallas-based Specialty Bakery LLC plans to begin construction in the spring on a 227,000-square-foot production and distribution facility on 27 acres in the Purdue Research Park piece of AmeriPlex.

By this time next year, the addition of Newegg, FedEx and others should add about 300 jobs to AmeriPlex operations, said Andrew Morris of Summit Realty Group, which is listing IDI’s space within AmeriPlex.

The IDI projects are the first to take advantage of the automatic 10-year real property tax abatement established in 2009 by the city of Indianapolis for World Connect sites at AmeriPlex, envisioned as a seven-building complex on 200 acres.

The World Connect project is expected to add about $84 million to the tax base over 10 years. The abatement is estimated to save $13.2 million in property taxes over that span.

“What has significantly driven this latest development is the ability to apply one more layer of incentives to level the playing field so to speak for that location and that park,” Morris said.

City officials say the abatements are necessary to attract industrial development to AmeriPlex, which sits between Interstate 70 and Indiana 67. Since Holladay developed AmeriPlex in 1998, incentives offered by Plainfield and Hendricks County have swayed industrial developers to build west of Indianapolis.

Meanwhile, the growth of AmeriPlex and its proximity to the airport spurred the decision to build another hotel in the park, Wilkes of Holladay said.   

Holladay and Schahet Hotels Inc. are developing the $12 million Holiday Inn, which should be finished by next fall. Schahet also owns the 110-room Hampton Inn and 140-room Hilton Garden Inn, both of which opened in 2008 and are in AmeriPlex.

Holladay had held a Holiday Inn franchise for a few years but was waiting for the right time to start the project.

“As 2012, came to a close, there certainly seemed to be evidence that the [hotel] market was rebounding,” he said. “We always knew it would come back.”

Finally, a $15 million, 2,000-spot off-airport parking facility under construction by Ohio-based Chavez Properties should be finished by the end of the year.

That project drew the ire of the airport’s authority, which filed suit against Chavez seeking to stop it. Having lost a fight in Marion Superior Court, the authority in November 2012 took the case to the Indiana Court of Appeals. The authority, however, withdrew the appeal in May.



  • Sachaet Hotels
    Make want to contact them to see if they need additional funds
  • No office high rises
    Gar, we need to put our office high rises in the downtown core, not out in the suburbs.
  • Why not research office high rises
    Better to have professional office buildings research it

Post a comment to this story

We reserve the right to remove any post that we feel is obscene, profane, vulgar, racist, sexually explicit, abusive, or hateful.
You are legally responsible for what you post and your anonymity is not guaranteed.
Posts that insult, defame, threaten, harass or abuse other readers or people mentioned in IBJ editorial content are also subject to removal. Please respect the privacy of individuals and refrain from posting personal information.
No solicitations, spamming or advertisements are allowed. Readers may post links to other informational websites that are relevant to the topic at hand, but please do not link to objectionable material.
We may remove messages that are unrelated to the topic, encourage illegal activity, use all capital letters or are unreadable.

Messages that are flagged by readers as objectionable will be reviewed and may or may not be removed. Please do not flag a post simply because you disagree with it.

Sponsored by

facebook - twitter on Facebook & Twitter

Follow on TwitterFollow IBJ on Facebook:
Follow on TwitterFollow IBJ's Tweets on these topics:
Subscribe to IBJ
  1. I am a Lyft driver who is a licensed CDL professional driver. ALL Lyft drivers take pride in providing quality service to the Indianapolis and surrounding areas, and we take the safety of our passengers and the public seriously.(passengers are required to put seat belts on when they get in our cars) We do go through background checks, driving records are checked as are the personal cars we drive, (these are OUR private cars we use) Unlike taxi cabs and their drivers Lyft (and yes Uber) provide passengers with a clean car inside and out, a friendly and courteous driver, and who is dressed appropriately and is groomed appropriately. I go so far as to offer mints, candy and/or small bottle of water to the my customers. It's a mutual respect between driver and passenger. With Best Regards

  2. to be the big fish in the little pond of IRL midwest racin' when yer up against Racin' Gardner

  3. In the first sentance "As a resident of one of these new Carmel Apartments the issue the local governments need to discuss are build quality & price." need a way to edit

  4. As a resident of one of these new Carmel Apartments the issue the local governments need to discuss is build quality & price. First none of these places is worth $1100 for a one bedroom. Downtown Carmel or Keystone at the Crossing in Indy. It doesn't matter. All require you to get in your car to get just about anywhere you need to go. I'm in one of the Carmel apartments now where after just 2.5 short years one of the kitchen cabinet doors is crooked and lawn and property maintenance seems to be lacking my old Indianapolis apartment which cost $300 less. This is one of the new star apartments. As they keep building throughout the area "deals" will start popping up creating shoppers. If your property is falling apart after year 3 what will it look like after year 5 or 10??? Why would one stay here if they could move to a new Broad Ripple in 2 to 3 years or another part of the Far Northside?? The complexes aren't going to let the "poor" move in without local permission so that's not that problem, but it the occupancy rate drops suddenly because the "Young" people moved back to Indy then look out.

  5. Why are you so concerned about Ace hardware? I don't understand why anyone goes there! Every time ive gone in the past, they don't have what I need and I end up going to the big box stores. I understand the service aspect and that they try to be helpful but if they are going to survive I think they might need to carry more specialty parts.