Yearly Archives: 2013

ParkIND Plus: Frequent Points = Free Parking

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  • Indianapolis International Airport (IND) is among the first airports in the U.S. to introduce a frequent parker program, parkIND Plus. Benefits include free enrollment, convenient ticketless entry and exit from the Terminal Garage and Economy Lot, and the chance to earn free parking. In addition, members also are eligible to upgrade, based on accumulated points, to parkIND Plus
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Just Closed: Meridian Corporate Plaza I, II and III

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Our JLL Indianapolis team is excited to announce that we have completed the sale of the 330,000-SF Meridian Corporate Plaza from Inland American Real Estate Trust, Inc. to an affiliate of Equus Capital Partners, Ltd.

This 93% leased, 3 building, Class-A complex is located at Meridian Street and I-465.  The JLL team included: Jim Postweiler, Managing Director: Keith Largay,… Read More

JLL Indy Welcomes Ajay Patwari

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Our JLL Indy team is proud to welcome Ajay Patwari, our new Indianapolis Research Analyst.

Ajay will support our firm’s Americas Research platform and our office, industrial, capital markets and property management groups.

He comes to JLL with a professional background that includes investment analysis, commodities trading and direct client relations. He is a graduate of Southern Indiana Univesity and… Read More

Artistry Development Could Kick-Start Other In-Fill Projects Downtown

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Indianapolis, which avoided the worst of the Great Recession, has emerged as a stable market thanks in part to an abundance of older, underutilized buildings in its urban core that are now considered desirable for in-fill projects.

One example is the recently completed $30 million Artistry development, which includes 258 apartments and 68,000 square feet of first-floor commercial… Read More

Indy: The New Low-Cost Option?

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By Denice Michel
Jones Lang LaSalle

Over the last few years, the number of companies looking to move their shared services, back office, customer support, logistics or call center operations from high real estate and labor cost markets to lower cost markets has increased exponentially.  Based on the low cost of living and doing business here – 100… Read More

Retail and Fulfillment Distribution in Indianapolis

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By Brian Seitz
Senior Vice President
Jones Lang LaSalle

In the video above, JLL’s Director of U.S. Research, Aaron Ahlburn, explains what is currently driving industrial demand across the country.

Retail, and specifically e-commerce fulfillment, is leading the charge from coast to coast.  In Indianapolis, the impact of expanding retail is even more noticeable. Nearly all new deal activity in 2013 (both closed and active deals) are either store fulfillment, e-commerce/DTC fulfillment or consumer goods.  Of… Read More

‘Crossroads of Sports’ Moniker Pays Off for Indy

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• In recent decades Indianapolis has emerged as the Crossroads of Sports as it has become a sports hub. It is well known as the home of the Indianapolis Motor Speedway, Colts, Pacers and the NCAA Headquarters but over the years it has also played host to a series of high-profile events and the investment has paid… Read More

Indy Air Passengers are Reliant on Hubs for Travel

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  • Data from the Bureau of Transportation Statistic shows that the top destinations for passengers flying out of Indianapolis International Airport are locations that are hubs for the city’s major airline carriers. The five largest destinations are Atlanta, Chicago, Denver, Charlotte and Dallas which are hubs for Delta, United Airlines, Frontier, US Airways and Southwest, respectively.
  • This implies that
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VIDEO: Three Trends to Watch in Retail Investing in the Midwest

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Investors searching for yield are looking to pick up properties in the Midwest, says JLL’s Becky Wells.

Investors have a renewed focus on demographic trends, honing in on employment and population growth.… Read More

Small Businesses See Growth Potential Here

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• According to NerdWallet.com, a business comparison site, Indianapolis is the eighth best city in the nation for small businesses and the only Midwest city included in the top 10.

• The 20 largest U.S. cities were scored based on four variables and Indianapolis’s ease of licensing requirements and future growth prospects gave it high marks in the… Read More