SOURCE: Becknell Industrial

Becknell Industrial

May 03, 2017 11:56 ET

Momentum Continues for Becknell in the Indianapolis Market

Market Presence Surpasses 2 million Square Feet

INDIANAPOLIS, IN--(Marketwired - May 03, 2017) - Since entering the market in 2013, Becknell Industrial continues to expand its presence in Indianapolis. In addition to three acquisitions totaling more than 450,000 square feet, the Company has developed nearly 1.6 million square feet in just three years.

In March, Old Castle, one of the world's leading building products and materials companies, leased the remaining 124,200 square feet available in the Company's North by Northwest Industrial Park. The park that began as a 100 percent speculative project opened at more than 76 percent pre-leased in late 2015 and is now fully leased.

Leasing momentum also continues at its newest development, Eagle Creek Industrial Center, located on the northwest side of Indianapolis in Whitestown. The park that began as a 100 percent speculative project in late 2015 is now nearly fully occupied. Most recently, Alliance Health, a digital health and wellness company, leased the remaining 26,000 square feet of Building Two. Only the remaining 152,000 square feet of Eagle Creek Building One is currently available for lease.

Becknell continues to further its commitment and establish the Indianapolis MSA as a key investment market. The Company currently has a 357,000 square-foot speculative cross dock distribution facility under construction at Plainfield Distribution Center. This modern state-of-the-art facility features 36' clear height, up to 84 dock doors, extensive car and trailer parking and has the potential for full security. Offering a 10-year real estate tax abatement, the facility will be completed in May 2017 and is currently available for lease.

In addition, the Company has build-to-suit opportunities in Greenfield and Greenwood. Alliance Interstate Park in Greenfield can support developments from 150,000 - 700,000 square feet and offers close proximity to I-70 and a 10-year real estate tax abatement. Southtech Business Park in Greenwood can support developments from 64,400 - 300,000 square feet and is conveniently located off of I-65 and also offers a 10-year real estate tax abatement.

"Indianapolis continues to see high demand for our mid-size industrial buildings. We are excited about the possibility of being able to serve brokers and users in the area that need a build-to-suit or space to lease," said Pete Anderson, Executive Vice President - Investments for Becknell.

Address  City  Tenant  Square Feet  Total SQ FT
7048 W 200 N  Greenfield  Landsberg  100,000  100,000
3052 Distribution Way  Greenfield  Spectra  250,000  250,000
775 Commerce Parkway West Dr  Greenwood  Poynter Sheet Metal  100,440  100,440
999 Gerdt Court  Greenwood  Poly-Tainer  66,282  132,315
NSK Corporation  66,033  
8401 Bearing Drive  Indianapolis  The Harvard Drug Group  196,200  266,400
Sunrise Medical  70,200  
8421 Bearing Drive  Indianapolis  Sankyo America  67,850  124,200
Business Furniture  56,350  
8441 Bearing Drive  Indianapolis  Old Castle  124,200  124,200
2155 Stafford Road  Plainfield  Spec  -  357,000
3990 Perry Boulevard  Whitestown  MWI Veterinary Supply  70,000  70,000
4820-50 Indianapolis Road  Whitestown  Cummins  171,000  323,000
Available  152,000  
4910-38 Indianapolis Road  Whitestown  Stephen Gould  130,000  156,000
Alliance Health  26,000  
      Total Square Feet     2,003,555

About Becknell Industrial

Becknell Industrial specializes in the development, investment and management of industrial properties across the United States. The company currently owns interests in 151 properties totaling nearly 19 million square feet. Vertically integrated, Becknell is responsible for every aspect of the project providing the decision-making authority and expertise to meet client expectations for a high-performance facility delivered on time and on budget. More information about Becknell is available at www.becknellindustrial.com.

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