Sunbeam Plans 525K Spec in Indy

INDIANAPOLIS—This city has become one of the national hubs for bulk distribution, and the resulting flurry of industrial development shows no sign of abating. The Sunbeam Development Corporation, for example, has just purchased the I-70 West Commerce Park in suburban Monrovia and plans to construct a 525,000-square-foot industrial building on a speculative basis at the site. As the developer and owner of Exit 5 in Fishers, which consists of over 1,000 acres and nearly 3-million-square-feet, the company already has a great deal of development experience in the metropolitan region.   

“They came to us about one year ago and said they wanted to do even more business in Indiana,” says Patrick B. Lindley, senior managing director, principal, with the Indianapolis office of Cassidy Turley, which will continue as the exclusive marketing agent for the park. The site already has a Johnson & Johnson distribution center with more that 1-million-square-feet and a 545,010-square-foot Gordmans distribution center currently under construction. Sunbeam plans to build “a modern bulk distribution building; it might come out of the ground this fall or no later than this spring.”