INDIANAPOLIS, IN (Feb. 22, 2021) – CA Industrial, a subsidiary of CA Ventures (“CA”), the global vertically integrated real estate investment management company, today announced the execution of a 244,622 square foot, full-building lease to single manufacturing and third-party logistics company. The asset, designated Ameriplex Site 40, is located at 8515 Challenger Drive and owned by CA Industrial and Clarion Partners, LLC.
“Escalating customer expectations for speed of delivery, coupled with the explosive growth of e‑commerce, are continuing to increase pressure on businesses,” said Michael Podboy, president of CA Industrial. “Supply chain and last-mile delivery optimization is more important now than ever before. By focusing on the development of multi-tenant light industrial and supply chain logistics sites in supply-constrained markets, we are responding to those demands and supporting tenants in their ability to capitalize on the sector’s positive secular tailwinds.”
Ameriplex Site 40 was completed in May 2020. The property features 32-foot clear heights, 175 auto parking spaces and 3.200 square feet of office space. Ameriplex Site 40 is strategically located minutes from I‑70 and the FedEx hub making it a prime location for e‑commerce, third-party logistics, logistics and distribution companies.
“Ameriplex Site 40 is positioned to capture the interest of growing tenants, like Prairie Industries, seeking high-quality assets that are well suited to growing logistics needs,” said Jim McGill, Midwest market officer for Industrial. “The Indianapolis market is one of the top distribution markets in the Midwest due to its business-friendly tax structure, strong labor pool and its centralized location. The area has become a highly attractive for investors and tenants alike due to its proximity to the FedEx hub, the second largest behind Memphis.”
Brian Seitz and Matt Dickerson of JLL represented building ownership in the lease negotiations. Bert Harrell and Sean McHale of Avison Young represented the tenant.