Monthly Archives: September 2013

In the News: JLL Industrial Team Sells Land Near Airport to FedEx

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Congratulations to our Indianapolis Industrial team, which recently represented locally-based Holladay Properties in their sale of 33 acres near Indianapolis International Airport to FedEx, which plans to open a new 328,000-SF warehouse and distribution facility there next year.

The deal was featured in this story in the Indianapolis Star.

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Spec Industrial Development Continues to Surge in Indy

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By Jake Sturman
Jones Lang LaSalle

Our team has determined there is currently 3.5 million SF of spec industrial space being built here, and, luckily for Indianapolis, it looks like much of this product will be filled before Q1 2014.

Chicago is the only city with more spec activity in the Midwest, with 7 million SF in the past 12… Read More

Improvements Continue to Arrive for Indiana’s Roadway System

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By Matt Dickerson
Jones Lang LaSalle

As recently announced, the Indiana Department of Transportation (INDOT) is moving forward on three major projects that will follow the completion of several other recent upgrades to Indiana roads.

These projects will continue to improve safety and ease congestion on the roadways and will allow for faster movement of goods and services… Read More

Indianapolis Employment Update

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  • The U.S. unemployment rate is 7.3 percent and employment has grown by 1.6 percent over the past 12 months.
  • Indianapolis unemployment is 7.5 percent, well below the state’s unemployment rate of 8.4 percent, and the 12-month job growth is 1.9 percent.
  • Of the 17,900 new jobs that have been created in Indianapolis in the past 12
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Two Premier Prologis Availabilities in Indianapolis Area

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Prologis is now offering two premier facilities for lease in the greater Indianapolis area for Midwest distribution needs:

Park 267 is a 500,000 square foot, modern Class-A facility built in 2006.  Located within the Whitestown submarket, this facility will become available in June of 2014.

Also available is Prologis’ Park 100 Building 22 located just South of Park 267. … Read More

State Exports Topped $34 Billion in 2012, a New Record

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  • Indiana’s exports in 2012 totaled $34.4 billion, a new record in statewide exports, equating to $94.3 million per day.  The state’s growth rate of 6.6 percent exceeded the Midwest (6.1 percent) and the nation (4.4 percent).
  • Indiana’s top export trading partner is with Canada ($11.9 billion), which grew by 0.4 percent since 2011 largely due
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Large Office Blocks in Short Supply in Indy

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By John Robinson
Managing Director
Jones Lang LaSalle

Large blocks of Class-A office space over 20,000 square feet have been in short supply in Indianapolis since 2011.

This shortage continues to spark demand for new construction with a speculative Class-A building now under construction in the Northeast submarket which started on the heels of an 81,000-square-foot Class-A… Read More