JLL lists Indianapolis' largest-ever speculative industrial building

INDIANAPOLIS, July 12, 2022 — Core5 Industrial Partners, an Atlanta-based developer and owner of industrial properties, has started construction on its eighth speculative building in Metro Indianapolis since coming to the market in 2019. C5 Indianapolis East, located on Enterprise Drive in Hancock County is a 1,236,162-square-foot building to be delivered in the second quarter of 2023.

Once complete, C5 Indianapolis East will be the largest speculative building constructed in Indianapolis to date. The project offers generous parking with 635 auto spaces and 259 trailer spaces with the option to add another 121 auto spaces in the future. The building also features 120 dock doors with levelers, two drive-in doors and significant electric vehicle charging. C5 Indianapolis East will be delivered with 12,000 square feet of speculative office space and a complete lighting package to allow a prospect to immediately occupy the facility. Additional best-in-class features include 40-foot clear heights, state-of-the-art lighting controls and employee amenities in indoor and outdoor break areas.

“We are thrilled to be delivering the largest speculative industrial building in the state,” remarked Doug Armbruster, Senior Vice President for Core5. “Mount Comfort was the perfect location for this project situated alongside reputable global and national industrial distributors. The proximity to Interstate 70, the new infrastructure and state-of-the-art features will be ideal for our future tenant(s).”

C5 Indianapolis East is located in Hancock County along I-70, just 40 minutes from the Indianapolis International Airport. Hancock County, known as the “eastern door to Indianapolis,” is a swiftly growing area with a population of over 75,000. Industrial users looking for a strong labor market will be pleased to find nearly 1.3 million workers within a one-hour drive of the new facility. Quality infrastructure, proximity to the airport and I-70 access make C5 Indianapolis East a premier destination for industrial users.

This building will be Core 5’s fourth building of approximately 1 million square feet,” states Steve Schwegman, Senior Managing Director and Market Lead for JLL Indianapolis. “Our market has needed thoughtfully designed space to accommodate a large number of tenants looking for buildings of this size. Developers, like Core5, are comfortable delivering a product of this stature due to the large demand in the overall marketplace.” Senior Managing Director Brian Seitz joins Schwegman in leasing efforts.

C5 Indianapolis East will join global and national corporate neighbors including Walmart, Smithfield Foods, Yusen Logistics and more in the Mount Comfort community.

Core5 Industrial Partners is an industrial real estate property company with expertise in development of Class-A properties featuring the latest innovations throughout the United States. Headquartered in Atlanta, Georgia, Core5 has development activity in Atlanta, Chicago, Cincinnati/Northern Kentucky, Columbus, Dallas, Houston, Indianapolis, Los Angeles/Inland Empire, Louisville, Memphis, Nashville, Pennsylvania and South New Jersey with expansion plans to additional key logistic hubs in the US. Founded in 2015, the company has developed or begun construction on 26 million square feet since inception.

Immediate access to capital, coupled with the ability to financially support deals on their balance sheet without utilizing third party resources on most transactions, Core5 executes quickly without layers of bureaucratic, time-consuming processes. The company is privately held by 170-year-old Japanese-based Kajima Corp – one of the world’s largest A credit-rated construction companies with whom C5 leadership has sustained a 30+ year working relationship.

Named for its five core principles, the company values are centered around a highly flexible entrepreneurial spirit promising follow through on commitments with an emphasis on relationships, excellence in quality, attention to detail and quick decision making. For more information on Core5 Industrial Partners, visit www.c5ip.com.