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 constructed in teh 1970s, has 18-foot celiling clear heights, as opposed to the 30+-foot heights in most new buildings.
JLL’s Jake Sturman, who is marketing the building for lease along with parter Steve Schwegman told the real estate news site GlobeSt.com that the building offers a nice alternative to high-priced buildings:
“There is a need for this type of space because it will come at a much lower cost than new construction. [Coastal Commerce Center] offers an alternative.”
Click here to read the full GlobeSt.com story.