INDIANAPOLIS- Jones Lang LaSalle just announced that they have been chosen as the leasing agent for the Coastal Commerce Center, a 590,000-square-foot warehouse at 6550 E. 30th St. in Indianapolis. A tenant with 430,000-square-feet will vacate the building later this year but JLL officials say the space will probably get divided into smaller parcels.
The warehouse, which has 18-foot clear ceiling heights, was originally built in the 1970s, says Jake Sturman, a senior vice president with JLL, but was re-developed in 2002. It sits within the city's eastern submarket, where a lot of former manufacturing facilities were converted into warehouses
Sturman and JLL's Steve Schwegman, also a senior vice president, will handle marketing and leasing for the owner Coastal Partners LLC.
“There is a need for this type of space because it will come at a much lower cost than new construction,” Sturman adds. The southern parts of Indianapolis have seen a burst of new industrial construction recently, much of it top-of-the-line big-box facilities that remain out of the price range of many smaller companies. “This offers an alternative.”
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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.
