Boston firm buys 10 industrial buildings for $62 million
Plymouth Industrial Real Estate Investment Trust said Tuesday that it acquired the nine-building Shadeland Commerce Center and a 353,000-square-foot building at 7901 W. 21st St.
Industrial
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In first major project since Waterside exit, Ambrose plans logistics center campus in Mount Comfort
The Indianapolis-based firm on Tuesday broke ground on a $78 million, 508,104-square-foot building—the first of four planned structures as it shifts focus to industrial development.
Local industrial sector ‘healthier than it’s ever been,’ expert says
The red-hot Indianapolis industrial real estate sector is nearing all-time records in vacancy, construction and absorption, newly-released market reports obtained by IBJ show.
New Jersey firm buys massive Amazon facility in Greenwood for $81.5M
Holmdel, New Jersey-based Monmouth Real Estate Investment Corp. bought the 615,747-square-foot building at 1151 S. Graham Road from local firm Scannell Properties earlier this month.
‘Elevator Hill,’ former Angie’s List campus, on the rise
The owners of the 18-acre former Angie’s List campus just east of downtown are relying on a promise of lower rent, connectivity with downtown, and the potential for future nearby development to draw tenants.
Something’s cooking on Capitol
A local hospitality supply firm has refreshed its 106-year-old building at 640 N. Capitol Ave. with a new coat of paint, a power wash and a five-foot-tall…
Monarch building new headquarters
Locally based Monarch Beverage Co. plans to transform a vacant drive-in theater in Lawrence into its new headquarters. The theater would be replaced with nearly 1 million square feet of new…
Dome souvenirs & Babe Denny
This week brought potential resolution for a couple of disputes in the neighborhoods surrounding Lucas Oil Stadium:
Board limits RCA Dome souvenir proceeds to $200K
The Capital Improvement Board today agreed to rework an…
When factories close, what’s next?
A Bloomington developer is planning a $20-million revival of the former Thomson Consumer Electronics plant on the city’s near east side. The 50-acre Sherman Park property has become an eyesore since the…
City selling Martindale land
City officials are seeking bids to redevelop 7.5 acres northeast of downtown in the Martindale neighborhood. The property is the old Ertel Manufacturing plant at 2045 Dr. Andrew J. Brown Ave. The…
KIB getting new headquarters
Keep Indianapolis Beautiful is planning to renovate a vacant industrial building in Fountain Square to serve as its new headquarters. The not-for-profit will seek LEED certification for the 25,000-square-foot building…
Historic roller rink for sale
The former Rollerland skating rink, which also once served as a car dealership, is up for sale. The 1928 building at 922 N. Pennsylvania St. is part of a block of four properties owned by Master Glass & Color Inc….