The portfolio consists of 38 buildings in total with a healthy collective occupancy rate of 97.5%. Their value as renovated space is far greater than new construction, according to the seller.
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The project would fill out the rest of the available land in Thunderbird Commerce Park, which is situated on the former site of the Ford Visteon Plant.
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The property is zoned I-3, intended for heavy industrial use, which does not support building a data center.
The Shelbyville-based developer previously attempted a data center project in Hancock County, but withdrew that proposal earlier this year after receiving significant community pushback.
The legislation allows Alexandria to annex about 460 acres of noncontiguous land in Madison County, paving the way for an industrial park.
The project, tentatively named the Post Road Airport Business Park, would consist of 10 buildings across more than 138 acres, ranging from just 40,000 square feet to nearly 300,000 square feet.
The 746,672 square-foot Sephora facility is a build-to-suit project that will occupy the entire acreage assembled by VanTrust for Avon Landing’s second phase.
Terminus is one of several elements of the $300 million Hobbs Station project, which will include housing, retail and office uses. The CEO of Terminus developer HSA Commercial Real Estate hopes the mix will attract tenants in sophisticated industries such as biotech.
The Westfield Advisory Plan Commission voted 8-0 to issue a favorable recommendation for NorthPoint II, which would be built near State Road 38 and Hinkle Road on the city’s rural northeast side.
Built primarily on what is now agricultural land, the 1.9 million-square-foot project is expected to encompass 170 acres and consist of five buildings, ranging from 100,000 square feet to nearly 575,000 square feet.
Carmel-based developer Lauth Group Inc. said Wednesday it has acquired the former Ford Visteon campus on the east side of Indianapolis and is moving ahead with plans for a $175 million, multi-tenant industrial park on the site.
Duke Realty Corp. has developed or co-developed major industrial buildings and complexes at the crossroads of America, which has become a significant national hub for warehousing, logistics and e-commerce operations.
Kansas City, Missouri-based commercial real estate developer VanTrust Real Estate LLC said it plans to spend about $220 million to construct six industrial buildings, with three each at sites in Hancock County and Hendricks County.
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.
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.
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.
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.
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.
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.
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.
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.
Pennsylvania-based Exeter Property Group has acquired a 604,000-square-foot speculative industrial property at the Fishback Creek Business Park in Whitestown.
