Spec Construction Begins in Hot Indy

Construction has begun on a 220,000-square-foot speculative industrial building being developed by HSA Commercial in partnership with Great Point Investors LLC in the Gateway Business Park at 1025 Columbia Road, in Plainfield, IN, just outside Indianapolis. Crews from the project’s general contractor, Fishers, IN-based Meyer Najem, have begun the mass earthwork and site utilities and will start erecting the wall panels next month.

“Since Meyer Najem built the other two buildings at the Gateway Business Park, as well as the build-to-suit for the Federal Aviation Administration just south of our site, they are familiar with Plainfield requirements and have moved very quickly so far,” says Craig Phillips, executive vice president of development with HSA Commercial. “As long as we maintain this pace, we should have all of the walls up for the building shell by the end of the year.”