E-commerce company to set up shop at massive Merrillville building
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An e-commerce company has signed on to occupy a 1 million-square-foot industrial building in Merrillville. Our partners at The Times of Northwest Indiana report the deal with the as-yet unnamed tenant is the largest industrial lease signed in northwest Indiana.
The building is located at 9850 Mississippi Street in The Silos and Sanders Farm business park, which was developed by Crow Holdings, a real estate investment and development firm in Dallas, Texas.
Representatives from the Chicago office of real estate company Avison Young, which closed on the lease on behalf of Crow Holdings, said the tenant is expect to add “numerous well-paying jobs,” though a specific number was not provided.
“Growth in this submarket continues to attract occupiers of all sizes,” said Adam Haefner of Avison Young. “This is a significant win for Merrillville and the Northwest Indiana region and we are thrilled to maintain our collaboration with Crow Holdings in addressing the expanding demand for industrial space.”
The company is expected to make a multimillion-dollar investment to open a new location on a 79-acre site at the business park, according to the publication.
Crow Holdings invest $70 million to build the industrial building. The business park also has two other buildings at 263,000 and 455,000 square feet, respectively. The developer also plans to break ground on a 270,000-square-foot building at the business park this summer.
“The demand for rapid delivery of goods to consumers’ doorsteps is steadily increasing, accompanied by rising expectations for speed and reliability,” said Matt Kurucz, Managing Director of Crow Holdings’ Midwest region. “Over the last four years, we have developed over 2 million square feet of Class A space in a market that previously lacked functional buildings to meet the needs of companies seeking efficient service.”
You can read more from The Times of Northwest Indiana’s Joseph S. Pete by clicking here.