VanTrust Commences Spec Industrial Projects in Indiana

Avon Landings Commerce Park. Rendering courtesy of VanTrust

VanTrust has broken ground on a pair of industrial parks in Indianapolis-area suburbs. The company broke ground on Avon Landings Commerce Park in Avon, Ind., and Air 70 Logistics Park in Mount Comfort, Ind.

Both of the industrial parks were designed by JRA Architects, with American Structurepoint as civil engineers for both projects. VanTrust tapped Hemmer Construction as the general contractor for the Avon project, while the developer hired Pepper Construction for the Mount Comfort project. Both of the projects will also take advantage of a 10-year real estate tax abatement.

In Avon, VanTrust is building its industrial park on a 58-acre site that was formerly a regional airport. The first phase of the Avon Landings Commerce Park will include three buildings, the first of which VanTrust has already broken ground on. The first building will include 330,240 square feet of speculative industrial space and is expected to be completed by early 2023.

The second and third buildings of Avon Landings Commerce Park will be 245,000 square feet and 156,00 square feet respectively. The project already has an additional 60 acres designated for the second phase, but the timeline and the size of the buildings for the next phase are yet to be determined.

Air 70 Logistics Park. Rendering courtesy of VanTrust

In Mount Comfort, VanTrust is working on Air 70 Logistics Park, a 132-acre industrial park that will also contain three buildings. The buildings will total 1.8 million square feet and the developer is expected to start work on the first of the buildings this month. The first building will offer 800,280 square feet and is expected to be completed in June 2023, while construction of the other two will follow afterwards.

Busy Spring for VanTrust

VanTrust’s two industrial projects in Indiana came after a flurry of groundbreakings on industrial projects throughout the U.S. in April. Most recently, the company began infrastructure and site work at Vantage North in North Las Vegas, which will provide 4.5 million square feet of distribution facility space when completed in October 2023.

Prior to its Vegas area project, VanTrust acquired a 60-acre site in northeast San Antonio that will be transformed into a nearly 414,000-square-foot industrial center. Also in April, the company broke ground on the first phase of its 150-acre industrial park in Peoria, Ariz., with Frito Lay having already signed on as the first tenant.