Monthly Archives: March 2013

CHART OF THE WEEK: Surging Demand for LEED in Indy

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  • Five renovated office buildings received Leadership in Energy & Environmental Design (LEED) certification in 2012, the largest being PNC Center, a 754,000-square-foot building
  • The August Mack Environmental Headquarters building at 1302 North Meridian Street received 75 points, the highest points in the market
  • Owners of LEED certified office buildings include REIT, privately-held, non-profit, and for-profit organizations
  • Sixteen industrial buildings totaling 3.2 million square feet received LEED certification since 2008
  • The US Green Building Council (USGBC) leads the development
  • Read More

WHAT IT MEANS: New Intermodal Service Coming to Indy

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By Chip C. Barnes, SIOR
Senior Vice President

Jones Lang LaSalle

Indiana Railroad and CN Railroad are beginning work this month that will bring direct West Coast intermodal service to Indiana beginning in late June.

The two railroads will be utilizing the Senate Avenue Terminal in Beach Grove on the Southeast Side.  The new Senate Avenue Terminal… Read More

From the Den to the Cubicle: Companies End Telecommuting

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By Kevin Gillihan
Senior Associate
Jones Lang LaSalle

The news of Yahoo! and Best Buy ending their telecommuting policies garnered a lot of attention over the past few weeks, both positive and negative, and has put the long-accepted concept of Results-Only Work Environments back into the spotlight.

A Results-Only Work Environment (ROWE) is the philosophy that employees should be paid for… Read More

Perspectives on Retail and E-Commerce Distribution

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By Steve Schwegman
Senior Vice President
Jones Lang LaSalle

I recently had the opportunity to participate in a panel discussion of retail distribution trends at this year’s Jones Lang LaSalle national sales meeting. I was fortunate to be joined by several very knowledgeable colleagues from around the country: Kris Bjorson, Jordan Quinn, Bob Silverman and Steve Jones.  While… Read More

UPDATE: Industrial Build-to-Suit Market is back in Indiana

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By Jake Sturman
Senior Vice President
Jones Lang LaSalle

As a follow up to the IBJ article from December depicting Indiana as the bright-shining light in bulk speculative development, our JLL Industrial team is also pleased to see the build-to-suit market here returning in a big way.

A 545,000-square-foot distribution center now being built for the department store Gordman’s… Read More

Indy Distribution: Life Outside Plainfield

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By Steve Schwegman
Senior Vice President
Jones Lang LaSalle

In recent years, the Plainfield, Ind., submarket has become nearly synonymous with U.S. distribution in the same way that 8A (New Jersey), the Inland Empire (Southern California) and the I-55 corridor (Chicago) have.

Those submarkets all ring a bell with tenants and investors alike because of excellent infrastructure, aggressive development,… Read More

Industrial Team Helps ‘The Snake’ Sell Racing Building

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Our Indianapolis Industrial team made headlines yet again recently — this time alongside one of drag racing’s all-time greats when they helped Don “The Snake” Prudhomme sell a 31,000-SF industrial buildng in the famed “Nitro Alley” section of Brownburg.

The fully air-conditioned building was purchased by John Force Racing.

JLL’s Brian Seitz and Jake Sturman represented Prudhomme.

To read a recent… Read More

Industrial Team in the News

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Our JLL Indianapolis Industrial team has been catching the attention of the media lately:

Midwest Real Estate News was among several media outlets to report on the team’s work on behalf of First Industrial Realty Trust to lease 84,000 SF at the Shadeland Commerce Center to ABC Supply Co., the largest wholesale distributor of roofing in the United States.

The same publication also reported on the team’s new assignment from Industrial Income Trust as the exclusive leasing… Read More