Mohr Capital Completes 1 MSF Building at Indianapolis Campus – Commercial Property Executive

Mohr Capital has completed the 1,057,350-square-foot Building 6 at Mohr Logistics Park, its 475-acre master-planned industrial project in Whiteland, Ind. At full build-out, the campus will comprise some 7 million square feet.

Mohr Logistics Park currently has 1.5 million square feet under construction and the developer is expecting an additional 1.2 million square feet of build-to-suit space, Mohr Capital CDO Gary Horn said in prepared remarks. The development team also includes Curran Architecture, Pepper Construction and American Structurepoint.

A master-planned industrial development

Mohr broke ground on the project in June 2020. In July 2021, the developer completed the first phase of land acquisition and delivered Building 1, a 1 million-square-foot build-to-suit facility to Cooper Tire. That same month, construction began on Building 6 and on the 827,000-square-foot Building 9.

The development’s Building 6 features 40-foot clear heights, two drive-in doors, 68 dock doors and a total of 420 parking spots. The facility has 513,000 square feet of space currently under leasing negotiations, while some 540,000 square feet are already occupied. CBRE Senior Vice President Mark Writt, together with Mohr Capital’s Gary Horn, are marketing the remaining space for lease.

Mohr Logistics Park is 19 miles from downtown Indianapolis, close to interstates 465 and 65. The location is 25 miles from FedEx’s Indianapolis International Hub and within 27 miles of Indianapolis International Airport.

Positive signs for Indianapolis’ industrial market

According to a recent CommercialEdge report, Indianapolis scored one of the lowest industrial vacancy rates in the U.S. as of December 2022, at 2.3 percent, while the national average clocked in at 3.9 percent. In terms of supply, the metro had 24.8 million square feet of space delivered in 2022, while 17.9 million square feet were under construction at the end of the year.

In January, ITS Logistics opened a 700,000-square-foot warehouse at its existing campus in Whitestown, Ind., representing the company’s latest addition to its Midwest headquarters. The property currently encompasses more than 1.3 million square feet.