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Logistics firm planning $14M south-side distribution center

October 20, 2015

A logistics company plans to develop a $14 million rail-serviced distribution center on the south side of Indianapolis, creating 35 jobs when it opens the center in late 2017.

Two local subsidiaries of Miami-based Venture Logistics LLC want to build the 400,000-square-foot facility on a 46-acre site at West Hanna Avenue and Division Street, near South Harding Street, according to the Department of Metropolitan Development.

The site is partly occupied by a small trucking company and three single-family homes.

Venture is seeking a seven-year real-property-tax abatement from the city that would save it an estimated $1.2 million, or 59 percent, over the abatement period.

The company would still pay an estimated $826,426 in real property taxes on the property improvements during the abatement period, plus another $40,222 annually in existing property taxes.

After the abatement period, Venture would pay an estimated $366,300 in annual real property and land taxes, the DMD said.

The new jobs would pay an estimated $17 an hour.

Venture provides third-party warehousing, distribution, transportation, contract logistics and freight services.

The Metropolitan Development Commission is set to hear the application Wednesday at a public hearing. A final approval could come at the Nov. 4 MDC meeting.      
 

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