Colliers International has closed the sale of Velocity 70 Trade Center™ Building 4 located just east of Indianapolis in Mount Comfort, Indiana. The new 440,000-square foot building will be developed on a speculative basis and feature a 36-foot clear height, LED lighting, a TPO energy efficient roofing system, 205 auto parking spaces, 56 trailer staging spaces, and 32 dock positions.
Alex Cantu, head of investment sales with Colliers International of Indianapolis facilitated the transaction. The 27.98-acre site was purchased by Cabot Properties, a real estate investor, developer and operator based out of Boston, MA. Browning Construction has been hired to begin construction immediately with delivery of the completed product scheduled for Fall of 2019.
Velocity 70 is a premier logistics park located in Hancock County, Indiana with immediate access to I-70, a primary east-west logistics thoroughfare. Building 4 will join three existing Velocity 70 facilities that house key tenants including Smithfield Foods, Inc., Spectra Premium Corp., and Atkins Nutritionals.
Jason Speckman SIOR and Jimmy Cohoat with Colliers of Indianapolis will lease the facility for Cabot.