(CHICAGO, October 17, 2013) – Becknell Industrial recently entered into the Indianapolis industrial market through its acquisition of a 250,000 square foot industrial property located in the Axcess 70 business park on the city’s Northeast side from Browning Investments.
The property is 100 percent leased to Spectra Premium, a privately-owned manufacturing and distribution company. Built in 2009, the property is situated on 23.5 acres and features 28-foot clear height, 24 loading docks and four drive-in bays.
"Operating from a national platform in 30 states, Becknell has had presence in northern Indiana for more than 20 years. We are pleased to be now entering the Indianapolis market. Becknell brings to Indianapolis decades of development and construction expertise and we look forward to pursuing many more development and acquisition opportunities," said Pete Anderson, Executive Vice President - Investments.
The Company’s commitment to Indianapolis extends beyond its recent acquisition. Becknell’s Executive Vice President - Chief Financial Officer, Matt Cohoat and Executive Vice President – Investments, Pete Anderson bring nearly 50 years of experience in the Indianapolis real estate market. With increasing opportunities and success, Becknell’s Carmel office has quickly grown from 2 employees to 12 in less than 2 years. The Company continues to actively seek additional investments in the Indianapolis area.
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 96 properties totaling 9.1 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 - 317.669.6005