St. Louis firm pursuing local retail, industrial properties
Bianco Properties has purchased its fourth Indianapolis property in less than five years and is pursuing more deals here.
Industrial Parks
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Sara Lee to lease 281,000 square feet in Plainfield
Sara Lee Corp. has signed a lease for about 281,000 square feet of space at Plainfield Business Center at Airwest. The Illinois-based maker of food products will establish a new distribution center in the space in February.
D-A Lubricant moving from Indianapolis to Lebanon
Company will purchase 23 acres and have Duke Realty Corp. build a 225,000-square-foot industrial facility in Lebanon Business Park. The move should be completed by December.
Commercial real estate will continue its climb back in 2011
Medical office likely will be the strongest sector, followed by apartments.
Duke poised to buy South Florida portfolio
The purchase of the $500 million portfolio of industrial and office properties would continue Duke’s recent push into the South Florida market.
Industry vet sees sectors on upswing, auctions booming
Jeff Henry, managing principal of Cassidy Turley, believes the commercial real estate market has seen the worst but isn't far off the bottom yet. Meanwhile, banks are beginning to jettison properties in a wave of auctions.
Industrial market shows strength but faces challenges
About 2.5 million square feet of industrial space is expected to hit the market between now and the end of the year, most
of it in the Plainfield area.
Former Thomson plant back in bankruptcy
A Bloomington investor bought the sprawling complex out of receivership in 2008, and had hoped
to spend more than $20 million to renovate it.
Northwest-side industrial park sells for almost $30 million
The North by Northwest Business Park near 86th Street and Georgetown Road has been sold to firms in Minneapolis
and Baltimore for $29.6 million.
City’s industrial market fared better than most in 2009
The Indianapolis industrial real estate market didn’t escape the recession unscathed, but the sector outperformed most other
cities and took less of a hit than in the last recession.
Downtown life sciences corridor flagged for development
A new task force is charged with making recommendations for development of the city’s downtown certified technology
park.
Fledgling technology park is development bright spot
WestGate@Crane Technology Park is adding office buildings for defense contractors next to the secretive Naval Surface Warfare
Center at Crane.
Water bottler buys Plainfield distribution building
A California water bottler has purchased a Plainfield distribution building for its first Midwestern outpost.
Duke Realty to unload local land holdings at auction
The locally based company plans to raise millions of dollars by selling nine undeveloped
tracts in Indianapolis, Fishers, Plainfield and Lebanon.
Industrial real estate holding up during downturn
Industrial real estate in Indianapolis hasn’t escaped a bumpy ride caused by the recession, but it has managed to
withstand turbulence better than the office and retail sectors.
Proposed Fishers medical park faces uncertain demand
The business park would encompass about 900 acres on the town’s northeast side and require rezoning
of much of the land, from residential and agriculture to commercial.
Proposed Fishers medical park faces uncertain demand
Fishers development officials hope to create a huge cluster of medical and research facilities near Interstate 69’s Exit
10, near St. Vincent Medical Center Northeast, but local real estate experts disagree about the amount of potential demand
for such a development.
Commission OKs Ameriplex, Rexnord tax abatements
The Metropolitan Development Commission this afternoon approved two requests for property tax abatement, including one for
a mammoth development known as World Connect at AmeriPlex.
Tenants trickling in to Purdue’s technology center
For a city feverishly growing its technology and life sciences sectors, it seemed a bit anticlimactic last January when
Purdue University dedicated its new technology center with only one tenant. But the lone tenant in the $12.8
million complex, FlamencoNets, a high-tech telecommunications firm, is about to get some company.
Vet supplier promises 30 jobs in Whitestown
Idaho-based MWI Veterinary Supply Inc. said today it will establish distribution operations in Indiana by leasing space in
Whitestown, creating more than 30 new jobs by the end of the year.