INDIANAPOLIS—The Transpacific DevelopmentCompany has just acquired a 1,119,195-square-footdistribution building from Metro Holdings One,LLC, at 9101 Orly Rd. in Indianapolis' AmeriplexBusiness Park. The purchase increases TDC's footprint inthe Indianapolis market to more than 4,600,000-square-feet andshows again the attraction that developers and investors have forthe burgeoning distribution sector southwest of thecentral city.
“We like the southwest Indianapolis distribution market due toits proximity to Indianapolis InternationalAirport and accessibility to Interstates 70, 74 and 465,”says Thomas Irish, president of TDC. “We think itis one of the best distribution locations in the US, with goodtransportation facilities, a strong logistics workforce, and apro-business attitude.”
The demand for big box distribution centers that can reach thevast middle of the country has transformed the area. According toColliers, “the Indianapolis industrial marketdelivered more than 2.06-million-square-feet of newinvestment-grade industrial buildings in the first quarter of 2013,with the vast majority of new product located in the Southwest(Plainfield) and Northwest (Allpoints Anson) submarkets.”Particularly significant was the delivery of IndustrialDevelopments International's 795,000-square-footspeculative project at the same Ameriplex park.
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Brian J. Rogal
Brian J. Rogal is a Chicago-based freelance writer with years of experience as an investigative reporter and editor, most notably at The Chicago Reporter, where he concentrated on housing issues. He also has written extensively on alternative energy and the payments card industry for national trade publications.
