Tag Archives: Jake Sturman

Indy Continues to Lead the Midwest in Spec Industrial Construction

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build-to-suit

By Jake Sturman
Executive Vice President
JLL Indianapolis

Our Indianapolis Industrial team is currently tracking more than 8 million square feet of new speculative deliveries that will be completed by the first quarter 2015 in 15 different buildings, the majority focused in the Southwest submarket.  The range of deliveries are between 127,000 square feet to 936,510 square feet. … Read More

Indianapolis Industrial Development Update

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IndustrialConstruction

By Jake Sturman
Executive Vice President
Jones Lang LaSalle

Indianapolis continues to lead the Midwest in the speculative building and build-to-suit markets.

Our Indianapolis Industrial team is currently tracking 2.8 million square feet of new speculative deliveries of six different buildings, all within the Southwest submarket. The majority of these deliveries are between 220,000 square feet and 476,000 square feet, with one 770,000 square foot… Read More

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

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… 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… 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 More