Neovia Logistics leases space in Air 70 Logistics Park and KSI Collision Parts leases space at Avon Landings Commerce Parks
VanTrust is pleased to announce the signing of its first tenant in the industrial parks of Air 70 Logistics Park in Mt. Comfort, and its second tenant at Avon Landings Commerce Park in the town of Avon, both near Indianapolis. Neovia Logistics, a global leader in third-party logistics, operating more than 80 facilities in over 20 countries, has leased 370,000 square feet in the 800,000 square foot Air 70 Logistics Park Building I. Industry leader for quality replacement automobile body parts, KSI Collision Parts has secured 93,000 square feet in Avon Landings Building I.
“The Indianapolis area is a strong, dynamic industrial market, and we continue to invest there,” said Phil Rasey, Executive Vice President of VanTrust. “Both Mt. Comfort and Avon are prime locations that meet current market needs and are also conveniently located with access to distribution populations and a strong labor pool. Our focus remains on bringing industrial and manufacturing businesses that create jobs and boost the local economy.”
Air 70 Logistics Park, two miles from I-70 at the intersection of County Road West 400 North and 700 West, is a 132-acre master-planned industrial park that will include three buildings totaling 1.8 million square feet. VanTrust completed Building I, which encompasses 800,680 square feet. With the Neovia Logistics lease of almost half this building, 430,000 square feet remain available for lease. Cam Kucic and Brian Zurawski, of Colliers, represented VanTrust, with Grant Lindley, Dean Collins, and Mark Collins of Cushman Wakefield representing Neovia Logistics. Pepper Construction will be handling tenant-specific improvements. Air 70 Logistics Park has two remaining sites left featuring a pad-ready site for a 677,000 square-foot building and a 300,000 square-foot building.
“Air 70 Logistics Park is ideally situated off of Interstate 70, making it an ideal location to support our client’s distribution operations,” said Todd Koele, Vice President of Real Estate and Risk at Neovia Logistics. “The park is in a robust, growing area, with close proximity to Indianapolis, which makes it appealing to major companies like those we serve.” This location was selected as the most suitable option for our needs.
Avon Landings Commerce Park is a 119-acre master-planned industrial park located directly on Ronald Reagan Parkway. VanTrust completed Avon Landings Building I, which is a 332,000 square-foot building. With the KSI Collision Parts lease, 81,000 square feet remain available in the building. Tenants in the Park include Sephora and ORVA. VanTrust has two remaining sites within the park that can support 245,000 square-foot and150,000 square-foot buildings. Luke Wessel of Cushman Wakefield represented VanTrust Real Estate and Michael Weishaar with Cushman and Wakefield represented KSI Collision Parts.
“The Indianapolis area offers opportunities for business development and growth, and we appreciate our partnerships with Mt. Comfort and the town of Avon,” noted Rasey. “We look forward to welcoming companies such as Neovia Logistics and KSI Collision Parts to these communities, and to seeing future developments as more businesses consider the region.”
