TDC Buys Vacant 450,000SF in Indiana

INDIANAPOLIS—It takes a measure of confidence to buy nearly half-a-million square-feet of vacant space, but the Transpacific Development Company has decided that the expanding warehouse and distribution market in the Hoosier State is healthy enough to justify the risk. The California-based firm just acquired 2450 Stanley Rd., a 450,000-square-foot, class A distribution building in Plainfield, just southwest of Indianapolis, from an affiliate of VanTrust Real Estate, LLC. The Kansas City-based VanTrust built the unleased building on a speculative basis.

In late August, GlobeSt.com reported that TDC had just purchased 9101 Orly, a 1,119,195-square-foot building in Indianapolis’ Ameriplex Business Park. TDC now owns ten distribution facilities in the area with a total of more than 5,000,000-square-feet.