(CHICAGO, August 19, 2014) – Becknell Industrial announced today $22.8 million of new developments started in 2014 totaling 331,000 square feet which are 100 percent leased. The average lease term for these projects is 12 years.
Development highlights include the following new starts:
- In Greenwood, Indiana, a 100,440 square-foot industrial facility that will house Poynter Sheet Metal’s corporate headquarters and state of the art fabrication facility to support the Midwest’s leader in HVAC;
- Located in the Company’s NorthWinds Crossing Business Park in Hobart, Indiana, an 18,120 square-foot facility for Sun Belt Rentals; and
- In Liberty, Missouri, a 212,550 square-foot expansion of Cosma’s existing warehouse/manufacturing facility that Becknell constructed in 2013.
”We are pleased to continue to strengthen our relationships with our existing customers, while becoming the partner of choice for these new clients," said Mark Shapland, Executive Vice President – Chief Operating Officer.
About Becknell Industrial
Becknell Industrial specializes in the development, investment and management of industrial properties across the United States. The company currently owns interests in more than 100 properties totaling over 10 million square feet. Vertically integrated, Becknell is responsible for every aspect of the project providing the decision-making authority and expertise to meet client expectations for a high-performance facility delivered on time and on budget. More information about Becknell is available at www.becknellindustrial.com.
Shona L. Bedwell