“This project is the culmination of many months of extensive planning, strategic thinking and effective communicating with the Town of Whiteland's community leaders, municipal partners and the land sellers,” says Avison Young's McHale. “The goal was to formalize and support the town's vision and Jones Development's vision for a state-of-the-art business park on this well-located land site.”

Nick Jones, EVP of development at Jones Development, notes, “Jones is thrilled to kick off this exciting new development after a lengthy process including rezoning, site plan approvals, and coordination of nearly 1.5 miles of water extensions and extensive public-private participation. We believe Whiteland Exchange will ultimately capitalize on user demand of all sizes as we're positioned to deliver highly functional buildings from 169,000 square feet up to1.2 million square feet.”

The project is intended to take advantage of a strong Indianapolis industrial market and a trend towards an expansion toward the southern suburbs by occupiers who are already in Indianapolis and want a secondary location to stretch their distribution capabilities into Louisville, Cincinnati and other markets.

“While Indianapolis has experienced a tremendous industrial construction boom in recent years, much of that space has been in the large bulk distribution category of space that is over 600,000 square feet,” says Avison Young's Seoane. “Whiteland Exchange will serve the mid-range bulk distribution user and the mid-sized industrial space user looking for 50,000 to 80,000 square feet and allows us to provide numerous space options to the market.”