Turner Woodard Buys Speedway Karting Center Site
(photo courtesy of Speedway Indoor Karting)
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As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe NowThe former owner of the Stutz building in downtown Indianapolis has purchased the real estate in Speedway where former INDYCAR driver Sarah Fisher O’Gara and her husband Andy O’Gara currently operates Speedway Indoor Karting, along with entertainment areas and restaurant space. Turner Woodard says the transaction only includes the real estate.
Fisher and O’Gara will continue to maintain ownership and operation of the 60,000-square-foot karting and entertainment center.
“It’s a natural fit for Andy and I having Turner own the real estate part of our business operation,” said Fisher. “We built a state-of-the-art facility at the beginning of Speedway’s Main Street revitalization, and with this acquisition, we can focus our efforts on growing the business and expanding our karting footprint. In addition to our Speedway location, we’ve already added locations in Whiteland, Indiana and Daytona Beach, Florida and we are looking at other potential fits for our model.”
After selling the Stutz Factory in February to New York-based SomeraRoad, Woodard has been working to diversify his real estate portfolio by acquiring properties in Carmel, including the former Rich Furniture building, Horton Fan Manufacturing complex and Keltner Business Plaza.
“Everyone should enjoy spending time in Speedway, Indiana with all the improvements to the Indianapolis Motor Speedway that the Penske organization is making and the vibrant Main Street area! IMS and the surrounding area is our jewel to take care of for the world to enjoy, so I’m happy I could become part of the local real estate scene,” Woodard said.
Fisher says the couple plans to make a “significant reinvestment” into the karting center by upgrading the track and other customer-centered improvements with the real estate sale funds.