PLAINFIELD, IN-McShane Corp. and Horn Properties LLC have completed their second industrial spec building, at 248,336 sf, at MetroAir Business Park for about $11 million. The venture hopes to have five buildings up in the 56-acre park when it’s complete.

Though it’s the second building completed, the name of the facility is Building Three. “Building Two is a pad site, we jumped over to Building Three,” says Rich Horn, president of the self-named corporation.

The property is on a 13-acre site at Stafford Road and Ronald Reagan Parkway, and has a pre-cast panel exterior, 28-foot clear height, 30 exterior docks and divisibility to 25,000 sf. Horn says a single tenant could take the building. “We do have a lease pending that would take a significant amount. I would say it will be signed this month.” However, he says the idea was to lease to several smaller tenants. “The building was designed for flexibility, our sweet spot is tenants in the range from 50,000 sf to 150,000 sf. A lot of buildings here in Indianapolis are there for several hundred thousand sf and up, designed to accommodate build warehouse users. We’re looking for the smaller user.”

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