Contact Information: Contact: Richard Eichhorn (651) 855-9704
Meritex Enterprises Announces Multi-Tenant Industrial Development in Noblesville, Indiana
| Source: Meritex Enterprises
NOBLESVILLE, IN--(Marketwire - June 24, 2008) - Twin Cities based Meritex Enterprises, Inc.
announces the purchase of 51.8 acres for a multi-tenant industrial
development project in Noblesville, Indiana. The Noblesville Business
Center will consist of seven office/warehouse buildings totaling 537,000
square feet with construction of the first building planned to begin in
January, 2009. "We are excited to be a part of the growth along the 146th
Street corridor in the heart of the Noblesville Corporate Campus," said
Richard Eichhorn, vice president at Meritex.
Jeremy Woods of Summit Realty Group represented Meritex in the acquisition
and will be responsible for leasing the project. "Meritex has honed its
focus to a very specific product type -- medium distribution and
office/warehouse buildings. There is no better place to own this product
type than the northeast submarket of Indianapolis -- and Noblesville
Business Center is the most fertile soil within the northeast to grow this
type of portfolio," commented Jeremy Woods.
Company Information: Meritex Enterprises, Inc. is a private real estate
investment and management company that acquires, develops, owns and
operates commercial real estate, primarily institutional grade,
multi-tenant industrial properties. The Company owns, leases and manages
8.8 million square feet of commercial real estate in nine markets in the
U.S. Its portfolio consists of multi-tenant industrial, office and
subsurface industrial properties. The company's properties are located in
Atlanta, Columbus, Denver, Houston, Indianapolis, Kansas City,
Minneapolis-St. Paul, Nashville, and Warren, OH. In addition, a
subsidiary, Meritex Logistics, provides third party logistics services in
Kansas City, Memphis, Nashville, and Warren. Additional information can be
found at the Company's website www.meritex.com.