Simplified Duke Realty winning over investors
The Indianapolis-based developer has narrowed its focus to industrial and medical-office properties. It's been selling off traditional office buildings, which used to make up the bulk of its portfolio.
Industrial Parks
Articles
Construction under way on Celadon’s new $24M headquarters
The trucking company will move from the east side of Indianapolis to Mount Comfort in Hancock County, where it will have room to grow and better access to Interstate 70 for its drivers.
Three massive industrial projects on tap for Plainfield
The buildings will add 1.8 million square feet to the town’s already robust distribution market and will be built on a speculative basis, indicating healthy demand for such space.
Big southwest-side industrial project begins approval process
The 2.2-million-square-foot development would add to the growing inventory of industrial buildings, which is causing vacancy in the sector to tick up.
Local real estate market continues to strengthen
Leaders of Cushman & Wakefield pointed to several factors during the firm’s annual State of Real Estate outlook when providing their rosy forecast.
Eight buildings change hands in local real estate deal
A commercial real estate package consisting of eight warehouses and 42 acres of land in the Indianapolis area has been acquired in a deal estimated to be worth more than $144 million.
Mass Ave industrial corridor poised for cleanup
An effort is underway to bring new life to a beaten-down stretch of Massachusetts Avenue just outside downtown that's filled with obsolete industrial buildings.
Zionsville sells property near Creekside Corporate Park
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.
Transcript: IBJ Commercial Real Estate and Construction Power Breakfast
Indianapolis Business Journal gathered leaders in the state’s commercial real estate and construction industry for a Power Breakfast panel discussion Sept. 10.
Mixed-use Anson gains momentum after slow start
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.
Opus building $10.9 million warehouse on west side
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.
Cannon IV puts downtown HQ property on market
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.
Bankruptcy, foreclosure filing dog Park Fletcher property
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.
Office, industrial markets heated up in 2014
Both markets posted strong results as demand for space improved following the recession. Downtown office demand remained weak, however.
Sprawling industrial complex near Cottage Home attracts buyer
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.
Canadian firm buys Ingram Micro properties for $68.7M
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.
Price tag for Walmart e-commerce center to hit $102M
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.
LISC aims to turn dormant industrial sites into job-creators
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.
Lauth planning 900,000-square-foot distribution center in Brownsburg
The local developer hopes to lure a tenant for the massive warehouse in its Eaglepoint Business Park while the project is underway.
Ambrose plans $90M distribution development in Plainfield
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.