INDIANAPOLIS—Transpacific Development Co. has just executed a lease with Ozburn-Hessey Logistics for 450,000 square feet of distribution space at 2450 Stanley Rd. in suburban Plainfield. The lease, one of the largest distribution transactions in the Midwest so far this year, represents another big step toward rectifying the metro area’s current imbalance between supply and demand, which experts say opened up due to a massive building boom in 2013 and 2014. With this transaction, which covers the entire building, the global 3PL firm now leases three full buildings from TDC in the Plainfield submarket.

“We expect to see several of the other spec buildings that were developed in that time frame leased within the next few months,” Thomas Irish, president of Torrance, CA-based TDC, tells “Having all of that new, quality distribution space ready for immediate occupancy has attracted sizable users looking for space in the Midwest.” 

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2023 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.


GlobeSt Net Lease Spring 2024Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join now!

  • Free unlimited access to's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2023 ALM Global, LLC. All Rights Reserved.