Rendering of Plainfield Distribution Center,
9500 Bradford Road, Plainfield, IN
PLAINFIELD, IN—A joint-venture between Distribution Realty Group and a private real estate fund advised by Crow Holdings Capital is developing a 338,520 square-foot speculative build industrial property at 9500 Bradford Road in Plainfield, IN, known as Plainfield Distribution Center.
The rear-load building will feature modern class A characteristics including 32-foot clear ceiling heights, LED lighting, up to 74 dock doors, 67 on-site trailer stalls and the flexibility to secure the truck court for three separate tenants. The building is designed to appeal to high-end warehouse and logistics companies seeking best-in-class space in Indianapolis.
“We are pleased to commence construction of Plainfield Distribution Center within the AllPoints Midwest business park,” says Curran Darling, DRG's senior vice president of acquisitions and asset management in the Midwest. “From this location, our customers can take advantage of the nearby interstate access, FedEx Air Cargo Hub and UPS Regional Hub. The location, coupled with the low Hendricks County real estate taxes secured through a 10-year tax abatement, will provide exceptional advantages for logistics users.”
The venture has hired Brian Buschuk and Steve Schwegman of Jones Lang LaSalle to market the property for lease on its behalf. Arco Murray will construct the building.
Distribution Realty Group is a privately owned industrial real estate firm with offices in Chicago and Nashville. The firm has acquired and developed over 2.66 million square feet of industrial and distribution facilities since its founding in 2013. DRG has announced over 1.4 million square feet of planned development in 2019.
Since 1998, Crow Holdings Capital and its predecessor have sponsored twelve private equity real estate funds. Over the past 20 years, these funds have raised approximately $8.5 billion in equity commitments, which includes approximately $1.3 billion in equity commitments for the latest value-add fund, Crow Holdings Realty Partners VIII.
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Steve Lubetkin
Steve Lubetkin is the New Jersey and Philadelphia editor for GlobeSt.com. He is currently filling in covering Chicago and Midwest markets until a new permanent editor is named. He previously filled in covering Atlanta. Steve’s journalism background includes print and broadcast reporting for NJ news organizations. His audio and video work for GlobeSt.com has been honored by the Garden State Journalists Association, and he has also been recognized for video by the New Jersey Chapter of the Society of Professional Journalists. He has produced audio podcasts on CRE topics for the NAR Commercial Division and the CCIM Institute. Steve has also served (from August 2017 to March 2018) as national broadcast news correspondent for CEOReport.com, a news website focused on practical advice for senior executives in small- and medium-sized companies. Steve also reports on-camera and covers conferences for NJSpotlight.com, a public policy news coverage website focused on New Jersey government and industry; and for clients of StateBroadcastNews.com, a division of The Lubetkin Media Companies LLC. Steve has been the computer columnist for the Jewish Community Voice of Southern New Jersey, since 1996. Steve is co-author, with Toronto-based podcasting pioneer Donna Papacosta, of the book, The Business of Podcasting: How to Take Your Podcasting Passion from the Personal to the Professional. You can email Steve at [email protected].
