INDIANAPOLIS—This centrally-located city is crisscrossed with highways that connect it to the entire Midwest region and have helped make it into a hub for logistics firms and distributors. Leasing activity in the sector has been fast-paced, and OHL has just signed one of the largest deals seen so far this year. The 3PL firm, which occupies more than 2.4 million-square-feet in Central Indiana, has just decided to extend its lease with the Transpacific Development Company for 414,424-square-feet of distribution space at 1100 Whitaker Rd., in suburban Plainfield.
“OHL is one of TDC’s largest tenants, leasing two full buildings – 1100 and 1101 Whitaker Road – from us in this market,” says Thomas Irish, president of TDC. “Along with the 1101 Whitaker extension that we executed in 2013, OHL has extended their commitment to TDC on over 800,000—square-feet of space.” TDC entities currently own approximately 10.5-million-square-feet of property, with more than 5,000,000-square-feet of property in the Indianapolis market.
Although terms of the transaction were not disclosed, it is one of the largest distribution leases in the Indianapolis market so far this year, according to Summit Realty Group. OHL is represented globally by Jeb Atkinson, Jess Andrews, Brian Camp and Doug McDowell of ProVenture, and was assisted locally by Andrew Morris of Summit Realty.
“Key real estate contracts and holdings, like what we have with TDC, is a major component to the kind of flexible warehousing and distribution solutions we provide our customers,” says Randy Tucker, president, contract logistics and transportation management at OHL.