Opus seeks tax breaks on $10.9M building near airport
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.
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Commercial Real Estate Power Breakfast transcript
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.
Real estate company proposing $26 million development
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.
Browning/Duke building huge Plainfield distribution facility
The speculative building totaling more than 930,000 square feet will be constructed at the developers’ AllPoints Midwest industrial park.
Spec distribution center fully leased in Anson
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 logistics firm to move to new HQ
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.
Wal-Mart to open e-commerce center in Plainfield
The giant retailer said it will build a 1.2.-million-square-foot e-commerce fulfillment facility in the AllPoints Midwest industrial park that will employ up to 303 workers by 2016.
Chicago firm enters local industrial market with two big deals
CrossLake Partners spent more than $40 million to buy 21 buildings spread between the northwest-side industrial parks of Corporate Center North and Park 100.
IEDC urging government bets on spec-building
The Indiana Economic Development Corp. is encouraging local governments to help finance speculative industrial buildings, which could land new businesses but could put at risk hundreds of thousands in taxpayer dollars.
New Jersey firm pays $30.2M for Plainfield warehouse
Chambers Street Properties purchased the 622,440-square-foot distribution center completed early last year. Hartz Pet Products occupies the entire space.
Cassidy Turley offers upbeat outlook on local real estate
The city’s largest real estate brokerage predicts that 2014 will mark the first year the economy feels like it’s actually recovering, as all sectors of the commercial real estate market continue to improve.
Activity at AmeriPlex gaining steam
The west-side industrial park, one of the city’s largest, is experiencing robust construction activity that includes more than just distribution centers.
Summit partners seek tax break for $14M distribution facility
They plan to spend $14 million to build the 542,000-square-foot warehouse on 33 acres on the city’s west side. One condition of the tax abatement is finding a user that would create at least 50 jobs by 2018.
Startup bakery seeking tax breaks on $78M project
Dallas-based Specialty Bakery LLC plans to build a 226,778-square-foot production and distribution facility in southwest Indianapolis that would create 241 jobs by 2018.
Chicago firm building spec warehouse in Plainfield
HSA Commercial Inc. plans to break ground later this month on the 220,000-square-foot building in the Gateway Business Park near Columbia Road and Ronald Reagan Parkway.
Transportation, warehousing catch tailwind
Indiana’s transportation and warehousing industry employs more people now than before the recession, and observers think its growth will continue to outpace the nation’s.
Former Thomson site may be ripe for development
The vacant 49-acre Sherman Park business complex might finally be redeveloped now that the owner has exited bankruptcy and demolition has started on its main building.
Former Thomson site may finally be ripe for redevelopment
The vacant Sherman Park business complex on the east side has been taken from a private developer in a bankruptcy reorganization, and several parcels of the 49-acre property are listed in the county's annual tax sale.
Denver firm snaps up Greenwood property for $15.7 million
The acquisition of the 450,000-square-foot distribution center is another sign of the improved health of the Indianapolis area’s industrial market.
Mammoth distribution center sold to California firm
A real estate firm with growing holdings in the Indianapolis area has purchased a 1.1 million-square-foot distribution building in the AmeriPlex at Indianapolis business park.