Property developed in Greenwood leased by Mastin & Cain
As a leading advocate for economical and responsible real estate development, VanTrust is dedicated to engaging opportunities that make communities better. The company is pleased to announce expansion into the Greenwood, Indiana, market with the development of property located at 764 N Graham Road. Mastin & Cain, a third-party logistics provider headquartered in Shelbyville, has signed a multi-year lease for the 511,680 square-foot building, The firm will be the sole resident, and will take immediate occupancy. The building in Greenwood is the third property that VanTrust has developed in the Indianapolis area.
“We’re proud of the property we’ve developed in Greenwood,” said Bill Baumgardner, Vice President of development in VanTrust’s Columbus, Ohio, office, “and are thrilled that a world-class company like Mastin & Cain is leasing our building. We know that Mastin & Can will bring added value to the region and further its economic growth. ”
Development of the Greenwood property was completed in late 2018, with the Columbus office of VanTrust supervising the project. Real estate brokers Steve Schwegman and Matt Dickerson of JLL brokerage firm represented VanTrust, while Jeff Castell of Cushman & Wakefield represented Mastin & Cain. Both brokerage firms are located in Indianapolis.
“We are very excited to join the Van Trust real estate family,” said Shannon Mastin, managing member of Mastin and Cain Properties. “This facility is the single largest in our portfolio, and is conveniently located just 30 minutes from our home office in Shelbyville. We chose this location in partnership with our client, Knauf Insulation, also in Shelbyville, because it made sense from a logistics point-of-view.”
The Greenwood 500 building, constructed of precast concrete panels, sits on 37.5 acres in the Southpoint Business Park. It offers 294 car parking spaces and has immediate access to I-65.
“The VanTrust real estate team was amazing to work with,” Martin continued. “They took our position into consideration and allowed us to better serve our client through flexible terms and competitive pricing in a very strong market. We look forward to a long-term relationship with the firm and appreciate the opportunity it has given our growing company.”
Tweet This: @VanTrustRE continues expansion into Indy area with third property. Third party logistics provider, Mastin & Cain, signs long term lease for the Greenwood 500 Building.