Industrial Parks

Ambrose jumping into Plainfield industrial market

September 18, 2012
Tom Harton
Fast-growing Ambrose Property Group plans to develop a $12 million warehouse building on a site in Plainfield that it acquired last month from the FDIC.
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Bell Techlogix landlord buys tech firm's new headquarters

August 28, 2012
Tom Harton
Philadelphia-based BPG Properties Ltd., which owns the building at 8888 Keystone Crossing that Bell is vacating, has purchased Bell’s new headquarters at 4400 W. 96th St.
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New warehouse ends drought of spec industrial development

May 17, 2012
J.K. Wall
Construction on the 794,608-square-foot warehouse will begin in the next two weeks in the AmeriPlex Business Park, officials of Atlanta-based developer Industrial Developments International said. They hope to complete construction in December.
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City, development group agree to protect Mallory site

May 8, 2012
Tom Harton
Those seeking the historic designation hope the four-acre industrial complex will be a catalyst for redevelopment of a stretch of East Washington Street.
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Veteran broker Hohmann leaves Cassidy Turley to go solo

May 1, 2012
Tom Harton
Hohmann has been involved in numerous high-profile real estate deals over the years, including the transaction that resulted in development of Intech Park and assembling about 60 acres for Clay Terrace in Carmel.
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Manufacturer plans distribution center in Plainfield

April 17, 2012
 IBJ Staff
Wisconsin-based Regal Beloit Corp. has hired Browning/Duke Realty to build a 376,000-square-foot distribution center in Plainfield, the company announced Tuesday.
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Industrial spec development making a comeback

February 21, 2012
Tom Harton
Speculative development is returning to the modern bulk industrial market after a four-year drought, with at least two projects preparing to break ground this spring and another in the works.
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Texas firm plans to move into Franklin distribution building

February 14, 2012
Scott Olson
Music wholesaler Anderson Merchandisers LP is expected to occupy a 703,000-square-foot warehouse formerly used by Best Buy.
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California firm's Park 100 portfolio goes back to lender

October 4, 2011
Tom Harton
California-based Blue Real Estate lost the last big chunk of its Indianapolis portfolio last week when a lender took control of Blue’s 360,000-square-foot, seven-building portfolio in Park 100.
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Industrial-market sales this year end deal drought

September 20, 2011
Tom Harton
Through the first eight months of this year, there were at least seven sales of large industrial properties in the market, compared with zero last year.
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Lauth's Eaglepoint fattens up on racing teams

August 30, 2011
Scott Olson
David Powers Motorsports, John Force Racing, Don Prudhomme Racing and Vance & Hines together occupy roughly 320,000 square feet of space at the park.
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GM site ripe for manufacturing or a judicial centerRestricted Content

August 27, 2011
Chris Barnett / Special to IBJ
The Urban Land Institute panel’s plan for the General Motors plant site ignores some realities in favor of presenting a relatively predictable New Urbanism redevelopment plan.
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Minneapolis firm buys Fishers business park

March 22, 2011
Scott Olson
Meritex purchased 306,408-square-foot business park out of foreclosure from Wells Fargo Bank. The previous owner, Kobra Properties, had fallen into bankruptcy.
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Fourth-quarter commercial real estate stats for IndianapolisRestricted Content

February 19, 2011
Statistics for Indianapolis office and industrial property.
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Duke Realty sells offices in shift toward industrialRestricted Content

February 19, 2011
Scott Olson
Strategy also calls for greater Southeast presence, less investment in the Midwest.
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St. Louis firm pursuing local retail, industrial properties

January 31, 2011
Tom Harton
Bianco Properties has purchased its fourth Indianapolis property in less than five years and is pursuing more deals here.
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Sara Lee to lease 281,000 square feet in Plainfield

January 10, 2011
 IBJ Staff
Sara Lee Corp. has signed a lease for about 281,000 square feet of space at Plainfield Business Center at Airwest. The Illinois-based maker of food products will establish a new distribution center in the space in February.
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D-A Lubricant moving from Indianapolis to Lebanon

January 5, 2011
Scott Olson
Company will purchase 23 acres and have Duke Realty Corp. build a 225,000-square-foot industrial facility in Lebanon Business Park. The move should be completed by December.
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Commercial real estate will continue its climb back in 2011

January 4, 2011
Tom Harton
Medical office likely will be the strongest sector, followed by apartments.
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Duke poised to buy South Florida portfolio

December 7, 2010
Tom Harton
The purchase of the $500 million portfolio of industrial and office properties would continue Duke’s recent push into the South Florida market.
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Industry vet sees sectors on upswing, auctions booming

October 11, 2010
Cory Schouten
REW watch videoJeff Henry, managing principal of Cassidy Turley, believes the commercial real estate market has seen the worst but isn't far off the bottom yet. Meanwhile, banks are beginning to jettison properties in a wave of auctions.
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Industrial market shows strength but faces challenges

August 24, 2010
Tom Harton
About 2.5 million square feet of industrial space is expected to hit the market between now and the end of the year, most of it in the Plainfield area.
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Former Thomson plant back in bankruptcyRestricted Content

March 27, 2010
Cory Schouten
A Bloomington investor bought the sprawling complex out of receivership in 2008, and had hoped to spend more than $20 million to renovate it.
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Northwest-side industrial park sells for almost $30 million

January 26, 2010
Tom Harton
The North by Northwest Business Park near 86th Street and Georgetown Road has been sold to firms in Minneapolis and Baltimore for $29.6 million.
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City's industrial market fared better than most in 2009

January 19, 2010
Tom Harton
The Indianapolis industrial real estate market didn't escape the recession unscathed, but the sector outperformed most other cities and took less of a hit than in the last recession.
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