Rahal HQ spurs interest in Zionsville biz park
Construction on the $20 million Rahal Letterman Lanigan Racing team headquarters in Creekside Corporate Park in Zionsville is still a couple of months away from completion.
Industrial Parks
-
Indy-based developer in home stretch of $250M industrial project in Whitestown
About three years after first breaking ground, Indianapolis-based Strategic Capital Partners LLC has already brought to market about two-thirds of the 80-acre project, known as 65Commerce Park.
Read More -
Ambrose requests tax break for redevelopment of former Navistar site
The Indianapolis-based developer plans to break ground later this year on the building—its first at the 93-acre site that on the east side Ambrose has branded Indianapolis Central Logistics Park.
Read More -
Texas developer plans $325M industrial park in Whiteland
Dallas-based Mohr Capital has already broken ground on the first building in the master-planned Mohr Logistics Park—a 1 million-square-foot distribution center for Cooper Tire—and has several more in the early planning stages.
Read More -
Third Whitestown I-65 interchange to give developers blank canvas
The launch of a $63 million project to add an interchange and rework another is likely to fuel a new blitz of commercial development in the state’s fastest-growing town.
Read More
Articles
Family farm sells for $10.6M, paving way for 250 acres of industrial developments
Opus Development Co. plans to develop up to four buildings on the land in the Mount Comfort corridor, including a 862,000-square-foot distribution facility for Atkins Nutritionals.
Lebanon considering creating $13.7M in trails, green space for business park
City officials want to lay the groundwork for a long-term plan creating outdoor amenities for users of Lebanon Business Park and the public at large, including more than 10 miles of trails.
Rapid growth of e-commerce likely to fuel industrial-market momentum for years to come
The planned, 2.2-million-square-foot Walmart distribution center is one of a dozen warehouses exceeding 900,000 square feet to enter the Indianapolis market since 2011.
Distribution building sells for $28.5 million
Pennsylvania-based Exeter Property Group has acquired a 604,000-square-foot speculative industrial property at the Fishback Creek Business Park in Whitestown.
Ambrose plans $75M redevelopment of former Navistar plant property
Ambrose acquired the 90-acre property at 5655 S. Brookville Road in mid-July for $8.2 million—more than five years after Illinois-based Navistar International Corp. shuttered its foundry operations there.
Massive business park on 550 acres lands Love’s as first tenant
As envisioned by developer Ambrose Property Group, Westpoint Business Park eventually will include as many as nine logistics buildings totaling more than 6 million square feet of space.
Industrial park planned for 167-acre Whiteland site by I-65
A Kansas City, Missouri-based developer intends to provide a wide variety of spaces for logistics, advanced manufacturing and e-commerce users, with five buildings ranging from 168,480 square feet to 1.2 million square feet.
Holladay Properties is more than just AmeriPlex
Beyond the 1,500-acre industrial park near Indianapolis International Airport, the developer has launched a broad range of residential and commercial projects in Marion and Hamilton counties, from the redevelopment of the Milano Inn site downtown to the Grand Park Events Center in Westfield.
Developer pulls trigger on $50M logistics project near I-65
The new owner of the site is bullish enough on the Indianapolis market to start development of the 1 million-square-foot building without having a user signed for the space.
Recycling company plans $6.5M warehouse redevelopment in Irvington
A Quincy, Illinois-based company has acquired a warehouse on the east side of Indianapolis and plans to transform it into an 81,000-square-foot recycling facility.
Students’ solution for Lafayette Square: ‘Tear it down, build industrial’
Leaders of a collegiate contest for real estate development elected the struggling west-side shopping center as a case study. The winning entry suggesting wiping the slate clean.
Warehouses now more valuable than office buildings, thanks to Amazon
Despite a lot of construction, warehouses are being leased as soon as the cranes come down. Indianapolis, Phoenix and California’s Inland Empire are among the hot markets nationally.
Duke paying special dividend after $2.8B divestiture
The special payout will cost the company more than $302 million.
Plainfield industrial park adding 500,000 square feet
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.
Plan to develop 211 acres at Fishers airport site takes flight
Local officials say the land, part of Indianapolis Metropolitan Airport, could house up to 1 million square feet of new commercial development under a plan approved on Friday.
Frenzy of warehouse projects fueled partly by e-commerce
More than 6.8 million square feet of industrial space is expected to be constructed in the Indianapolis area in 2017, the most ever in a single year.
Renovated building gives Mass Ave industrial corridor another lift
The Riley Area Development Corp. has purchased the nearly 120-year-old structure northeast of the Circle City Industrial Complex and hopes to lure micro-manufacturers to the space.
Developer wants land in Greenwood zoned industrial
The 350 acres is mostly farmland but does include about a dozen homes.
Whitestown sees flurry of industrial projects, more on horizon
Ten industrial buildings have been completed within the past 24 months, another three are under construction, and four projects are in the process of getting started.