Construction is under way on two buildings totaling 500,000 square feet in the Metro Air Business Park in Plainfield and should be completed next spring, Strategic Capital Partners LLC said.
Strategic Capital is partnering on the $27 million project with San Francisco-based PCCP LLC.
Totaling 28 acres, Metro Air sits at the northwest corner of Ronald Reagan Parkway and Stafford Road, less than a mile from Indianapolis International Airport.
Strategic Capital began developing the industrial park in 2006. It will total more than 1.2 million square feet once construction is finished on the two buildings.
Strategic Capital and PCCP are constructing the buildings on a speculative basis and without signed tenants.
“The Indianapolis industrial market and, in particular, the Plainfield-Southwest submarket, continues to see strong leasing activity, and these new state-of-the-art speculative buildings will accommodate companies that need from 30,000 to 380,000 square feet,” John B. Cumming, Strategic Capital’s senior vice president of development, said in a press release.
Tenants in Metro Air include DJ Ortho, Rolls-Royce, Fiserv Solutions, Expeditors International, TRICOR Braun and Hiab USA.•