Monthly Archives: April 2013

Battling the Driver Shortage

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By Matt Dickerson
Senior Vice President
Jones Lang LaSalle

Indianapolis-based Celadon Trucking will open a new state-of-the-art training center here in 2013 — the latest effort to stem the tide of the growing shortage of commercial truck drivers.

Celadon broke ground late last month on the $5 million facility, which will include classroom space, a cafeteria and dorm housing… Read More

CHART OF THE WEEK: Unemployment on the Rise in Indy

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  • The Indianapolis-Carmel metropolitan statistical area (MSA) managed to keep unemployment below that of the state of Indiana until Q1 2013, when the unemployment rate was 0.1 percent higher than the state.
  • The unemployment rate in the MSA sharply climbed since Q3 2012 and was most impacted by the loss of 14,000 jobs in the Private Service Providing sector.
  • Since Q1 2012, industrial-using companies in the MSA gained the most jobs, especially those in Manufacturing and Trade,
  • Read More

Do you know your Portfolio?

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By Denice Michel
Jones Lang LaSalle

Our JLL team recently conducted comprehensive studies of space characteristics for nine major companies encompassing some 42 million square feet of corporate office space in 583 buildings around the globe.

The firms surveyed came from a wide array of industries including technology, financial services, professional services and consumer products

One of our most surprising… Read More

Industrial Team Leases 25,000-SF to Bakery Equipment Maker

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As was reported in The Star earlier this week, our JLL Industrial team continued their recent streak of getting results for their investor clients, by successfully leasing a 25,300-SF space at Pinchal & Co.’s Park 100 industrial complex.

The new tenant is Reading Bakery Systems, a leading manufacturer of baking equipment for the food services industry. (Their automated dough handling system is pictured above.)

JLL’s Chip Barnes and Jake Sturman completed the deal.… Read More

The Parking Crunch

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By Adam Broderick
Senior Vice President
Jones Lang LaSalle

In recent years, office space utilization has trended more and more toward team environments with highly efficient layouts. In simpler terms, more people in less space. This also means more cars in the same amount of parking spaces.

City planners have traditionally required 3-4 parking spaces per 1,000 rentable square feet (rsf) of office space for new suburban… Read More

Welcome to JLL, Rebecca Wells!

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Our JLL Indy team is proud to welcome our newest colleague: investment sales guru Rebecca Wells.

Rebecca comes to the firm with 20 years of real estate experience, most recently with Cassidy Turley. She will specialize in the sales of retail assets throughout the Midwest region. We are thrilled to have her on board and cannot wait for her to bring her vast knowledge of real estate to our team!

For more information about JLL Indy visitRead More

New Construction isn’t for Everyone

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The Indianapolis area has seen a surge of new speculative Class-A warehouse construction over the past several months, but those facilities aren’t necessarily the right fit for every industrial user.

Recently, the JLL Indy Industrial team was hired by the owners of Coastal Commerce Center, a 590,000-square-foot warehouse at 6550 E. 30th St.  The building, which was… Read More

Indianapolis Office Tenants: Perception vs. Reality

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By Graham Summers
Jones Lang LaSalle

“The commercial real estate market has hit rock bottom”

“I know that building has a lot of vacancy”

“Nobody has been a Tenant in that space for years”

These are just a few of the many comments brokers hear about the office leasing market in Indianapolis when speaking casually with clients and the business community.

If… Read More