We use cookies to provide you with a better experience. By continuing to browse the site you are agreeing to our use of cookies in accordance with our Cookie Policy.
  • INDUSTRY PRESS ROOM
  • ABOUT
  • CONTACT
  • MEDIA FILE
  • Create Account
  • Sign In
  • Sign Out
  • My Account
Free Newsletters
  • MAGAZINE
    • Current Issue
    • Archives
    • Digital Edition
    • Subscribe
    • Newsletters
    • Mobile Apps
  • TRANSPORTATION
  • MATERIAL HANDLING
  • TECHNOLOGY
  • LIFT TRUCKS
  • PODCAST ETC
    • Podcast
    • Webcasts
    • Blogs
      • One-Off Sound Off
      • Global Logistics and Risk
      • Empowering Your Performance Edge
      • Analytics & Big Data
      • Submit your blog post
    • Events
    • White Papers
    • Industry Press Room
      • Upload Your News
    • New Products
      • Upload Your Product News
    • Conference Guides
    • Conference Reports
    • Newsletters
    • Mobile Apps
  • DCV-TV
    • DCV-TV 1: News
    • DCV-TV 2: Case Studies
    • DCV-TV 3: Webcasts
    • DCV-TV 4: Viewer Contributed
    • DCV-TV 5: Solution Profiles
    • Parcel Forum 2022
    • MODEX 2022
    • Upload Your Video
  • MAGAZINE
    • Current Issue
    • Archives
    • Digital Edition
    • Subscribe
    • Newsletters
    • Mobile Apps
  • TRANSPORTATION
  • MATERIAL HANDLING
  • TECHNOLOGY
  • LIFT TRUCKS
  • PODCAST ETC
    • Podcast
    • Webcasts
    • Blogs
      • One-Off Sound Off
      • Global Logistics and Risk
      • Empowering Your Performance Edge
      • Analytics & Big Data
      • Submit your blog post
    • Events
    • White Papers
    • Industry Press Room
      • Upload Your News
    • New Products
      • Upload Your Product News
    • Conference Guides
    • Conference Reports
    • Newsletters
    • Mobile Apps
  • DCV-TV
    • DCV-TV 1: News
    • DCV-TV 2: Case Studies
    • DCV-TV 3: Webcasts
    • DCV-TV 4: Viewer Contributed
    • DCV-TV 5: Solution Profiles
    • Parcel Forum 2022
    • MODEX 2022
    • Upload Your Video
Home » Avison Young negotiates 530,400-sf Amazon lease in Indianapolis
Press releases are provided by companies as is and have not been edited or checked for accuracy. Any queries should be directed to the company issuing the release.

Upload your press release

Avison Young negotiates 530,400-sf Amazon lease in Indianapolis

Avison Young negotiates 530,400-sf Amazon lease in Indianapolis
July 22, 2020
No Comments

July 22, 2020 -- Indianapolis, IN – Avison Young has secured Amazon for a 530,400-square-foot (sf) lease within the Indianapolis South submarket. The e-commerce giant will occupy a newly constructed industrial building at Whiteland Exchange, the 2.4 million-square-foot (msf) master-planned business park located adjacent to the intersection of I-65 and Whiteland Road in Whiteland, IN.

Avison Young is the exclusive listing agent for the 167-acre development. Avison Young Principal Sean McHale, SIOR, and Senior Associate Peter Seoane, both based in the Indianapolis office, represented the developer, Jones Development Company, in this new lease transaction.

“This large lease demonstrates the continued demand for high quality, modern industrial space in the Indianapolis market,” comments McHale. “As our industrial market continues to expand, we are seeing considerable interest from e-commerce, logistics and advanced manufacturing tenants that previously had limited options in the southern part of the market.”

With this transaction completed, and with sustained interest in the second building, Kansas City-based Jones Development will begin designing its next speculative project at Whiteland Exchange while the company continues to build out the master-planned park.

The Indianapolis market is seeing robust construction activity, with approximately 10.1 msf under construction at the close of the second quarter 2020, according to Avison Young research. Strong absorption kept the vacancy rate at close to 4.5% at quarter-end.

Whiteland Exchange was designed to provide Central Indiana with investment-grade industrial space for lease, sale and build-to-suit opportunities. Additionally, there are several travel and truck plaza options in proximity to the site, which will provide tenants with key amenities for transportation and logistics operations.

“We are excited about the response to this new development and our ability to secure high-quality tenants that can support economic growth in the region,” says Nick Jones, Executive Vice President of Development at Jones Development. “Given the prevailing need for efficient, newly-built space within the Indianapolis market, we expect to see solid activity at Whiteland Exchange throughout 2020."

The development is along the I-65 distribution corridor in Johnson County, which has experienced strong industrial demand and absorption over the past several years. The county is the 5th fastest growing county in Indiana with a strong labor force within a 30-mile radius of the development.

“The Indianapolis market continues to outperform many industrial markets around the country,” says Seoane. “Whiteland Exchange was strategically designed to also serve the mid-range bulk distribution user and the mid-sized manufacturing space user, which adds tremendous flexibility for tenants.”
Whiteland Exchange is within the Indianapolis South Submarket near the convergence of several major interstates, including I-65, I-465, I-70 and I-74. More than 50% of all U.S. businesses and key portions of the U.S. and Canadian populations are within a one-day drive of the site.

https://www.whitelandexchange.com
Submit your logistics, material handling, or supply chain related company news in DC VELOCITY's Industry Press Room section or New Products section
Transportation Global Logistics
KEYWORDS Avison Young
  • Related Articles

    Avison Young negotiates 108,255-SF industrial sale in Philadelphia market

    Avison Young negotiates sale of 587,720-SF Charleston, SC industrial facility

    Avison Young negotiates sale of 1.75 MSF national truck terminal portfolio

You must login or register in order to post a comment.

Report Abusive Comment

Most Popular Articles

  • Schneider welcomes first battery-electric truck

  • Fred Smith is not worried about Amazon

  • RJW LOGISTICS GROUP EXPANDS RETAIL LOGISTICS OPERATION TO DALLAS

  • Outlook 2023: What’s in store for logistics/supply chain?

  • Ports, maritime operators see tide turning as ocean freight tsunami subsides

Now Playing on DCV-TV

5afe63a5 7125 4318 b851 1e5738df1c91

Patterson Fan Co. | HVLS V-Series Ceiling Fan | Staging Area Air Movement

DCV-TV 4: Viewer Contributed
The Patterson V-Series is a high-volume, low-speed industrial ceiling fan that is designed to circulate a lot of air at a very low speed. These fans, ranging in diameters of 8’ all the way to 24’, are perfect for large, open spaces such as staging and shipping areas. One 24’ fan can generate a cooling effect of 6 –...

FEATURED WHITE PAPERS

  • The five best applications for robotic lift trucks in warehouse environments

  • Fulfillment Facility Improved Efficiencies by 4x

  • 3PLs: Complete Orders Faster with Flexible Automation

  • Reusable Packaging for the New Wave of Supply Chain Automation

View More

Subscribe to DC Velocity Magazine

GET YOUR FREE SUBSCRIPTION
  • SUBSCRIBE
  • NEWSLETTERS
  • ADVERTISING
  • CUSTOMER CARE
  • CONTACT
  • ABOUT
  • STAFF
  • PRIVACY POLICY

Copyright ©2023. All Rights ReservedDesign, CMS, Hosting & Web Development :: ePublishing