Mohr Logistics Park. Picture courtesy of Mohr Capital
Mohr Capital has accomplished the 1,057,350-square-foot Constructing 6 at Mohr Logistics Park, its 475-acre master-planned industrial undertaking in Whiteland, Ind. At full build-out, the campus will comprise some 7 million sq. ft.
Mohr Logistics Park presently has 1.5 million sq. ft beneath development and the developer is anticipating an extra 1.2 million sq. ft of build-to-suit area, Mohr Capital CDO Gary Horn stated in ready remarks. The event staff additionally contains Curran Structure, Pepper Building and American Structurepoint.
A master-planned industrial growth
Mohr broke floor on the undertaking in June 2020. In July 2021, the developer accomplished the primary part of land acquisition and delivered Constructing 1, a 1 million-square-foot build-to-suit facility to Cooper Tire. That very same month, development started on Constructing 6 and on the 827,000-square-foot Constructing 9.
The event’s Constructing 6 options 40-foot clear heights, two drive-in doorways, 68 dock doorways and a complete of 420 parking spots. The ability has 513,000 sq. ft of area presently beneath leasing negotiations, whereas some 540,000 sq. ft are already occupied. CBRE Senior Vice President Mark Writt, along with Mohr Capital’s Gary Horn, are advertising and marketing the remaining area for lease.
Mohr Logistics Park is nineteen miles from downtown Indianapolis, near interstates 465 and 65. The placement is 25 miles from FedEx’s Indianapolis Worldwide Hub and inside 27 miles of Indianapolis Worldwide Airport.
Optimistic indicators for Indianapolis’ industrial market
In accordance with a current CommercialEdge report, Indianapolis scored one of many lowest industrial emptiness charges within the U.S. as of December 2022, at 2.3 %, whereas the nationwide common clocked in at 3.9 %. By way of provide, the metro had 24.8 million sq. ft of area delivered in 2022, whereas 17.9 million sq. ft have been beneath development on the finish of the yr.
In January, ITS Logistics opened a 700,000-square-foot warehouse at its present campus in Whitestown, Ind., representing the corporate’s newest addition to its Midwest headquarters. The property presently encompasses greater than 1.3 million sq. ft.
