After receiving no bids for projects for the southwest corner at 106th Street and Bennett Parkway, the Zionsville Redevelopment Commission has agreed to sell the acreage to Indianapolis-based Scannell Properties.
Indianapolis Business Journal gathered leaders in the state’s commercial real estate and construction industry for a Power Breakfast panel discussion Sept. 10.
The Great Recession put the $1 billion Duke Realty Corp. project years behind schedule, but progress picked up again in 2011 and 2012. A tipping point for momentum was the long-anticipated Meijer store’s opening in 2014.
The Minneapolis-based developer is constructing the facility on a speculative basis, as demand for industrial space in the metropolitan area remains high. The building should be finished in February.
The longtime distributor of printing cartridges hopes to fetch $3.3 million for the nearly 3-acre site in the Cottage Home neighborhood. It hopes to stay downtown but in smaller digs.
The new owner of 17 buildings in the southwest-side industrial park has filed to reorganize $12.6 million in debt as the lender seeks to foreclose.
Both markets posted strong results as demand for space improved following the recession. Downtown office demand remained weak, however.
Teagan Development has agreed to buy the 539,000-square-foot building near Mass Ave and the Monon Trail and plans to convert some of the space into restaurant and retail uses.
Granite Real Estate Investment Trust has entered Plainfield’s robust logistics and distribution market with a deal to buy two mammoth facilities and a prime plot of land.
The retailer has finalized a contract for state incentives on the 1.1 million-square-foot project, pledging to hire 303 workers by the end of 2015.
Local Initiatives Support Corp. has unveiled the results of a year-long study to identify the best uses for vacant industrial properties and what areas of the city need the most attention. Topping the list: the East Washington Street corridor.
The local developer hopes to lure a tenant for the massive warehouse in its Eaglepoint Business Park while the project is underway.
Ambrose Property Group has acquired 85 acres near the Indianapolis International Airport where it plans to spend $80 million to $90 million to develop two distribution centers as large as 1 million square feet each.
Several sprawling distribution centers have been built, or are under construction, to ship directly to consumers.
A tax-abatement request for the project filed with the city last week said the 434,400-square-foot flex industrial building will be built on a speculative basis.
Indianapolis Business Journal gathered leaders in the state's commercial real estate and construction industry for a Power Breakfast panel discussion Sept. 13.
Among the topics the panel discussed were the factors driving downtown growth, which types of office space are in demand, the types of projects being built, and how the industrial sector has sustained its strength.
Becknell Industrial LLC has proposed a $26 million, three-building development on the northwest side of Indianapolis that would be ready for tenants by early 2015.
The speculative building totaling more than 930,000 square feet will be constructed at the developers’ AllPoints Midwest industrial park.
A joint venture between developers Browning Investments Inc. and Duke Realty Corp. announced July 15 that Chattanoogo Tenn.-based Kenco, a third-party logistics provider, has taken the remaining 257,000 square feet.
Plainfield-based Hanzo Logistics plans to move about a half-mile north to a new $17 million headquarters and distribution facility, expected to be complete in September.
