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.
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.
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.
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.
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.
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.
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.
The special payout will cost the company more than $302 million.
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.
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.
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.
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.
The 350 acres is mostly farmland but does include about a dozen homes.
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.
A six-month-long study of development scenarios along a 10-mile stretch of Mount Comfort Road is feeding local leaders with data on potential projects and helping guide land-use decisions.
In two acquisitions totaling nearly $9 million, one firm plans to expand an existing business park while the other has a big logistics facility in mind.
The massive deal—which includes 6.6 million square feet of space spread across 71 buildings that are in operation and five that are under construction—will leave Duke as solely an industrial real estate company.
The Indianapolis-based firm has filed plans for a 14-building project in Carmel with nearly 1 million square feet of office space, plus retail, restaurants and a dual-branded hotel.
Noblesville laid the groundwork for the campus in 2002. When East 146th Street opened in 2007, city leaders believed it would take 20 years for the area to build out. But it’s happening much faster.
Molto Properties has purchased 47 acres in the AmeriPlex business park and plans to construct a 620,000-square-foot industrial building before landing a tenant.