INDIANAPOLIS—As reported in GlobeSt.com, Indianapolis has become one of the nation's hottest markets for industrial properties. Developers have about 8-million-square-feet of space under construction, a significant portion of it on a speculative basis. And HSA Commercial, Inc., has just signed a 59,770-square-foot lease with Black Horse Carriers, Inc. at the firm's recently-completed speculative industrial development at 1025 S. Columbia Rd. in suburban Plainfield. This is the first signed lease for Gateway Industrial III, the 220,000-square-foot warehouse that HSA and its partner Great Point Investors LLC began last year.
Carol Stream, IL-based Black Horse Carriers, a third-party logistics firm specializing in dedicated fleet services and private fleet replacement services for the consumer products industry, will take occupancy of the space in October.
"Tenant interest in the project has been very strong so far given our unique capability to accommodate these types of smaller industrial clients,” says Robert Smietana, vice chairman and chief executive officer of HSA. “We are feeling very confident about the depth of the industrial market and our potential for a full lease-up by the end of the year.”
Gateway Industrial III distribution center sits on 13 acres immediately southwest of the Indianapolis International Airport in the Gateway Business Park. The new facility features 32' clear heights, 35 truck docks, four drive-in doors, 256 parking spaces, and quick access to I-70 with convenient connectivity to the rest of the regional interstate system. This is the fourth building developed in the Gateway Business Park.
Brian Buschuk, senior associate with JLL, represented Black Horse in the lease transaction. CBRE's Terry Busch and John Hanley handle leasing at Gateway Industrial III.
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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.
