Adidas Renews 600 KSF Indianapolis Industrial Lease

8677 Logo Athletic Court. Image courtesy of Colliers

Adidas has renewed a lease for 599,152 square feet of industrial space in Indianapolis. The athleticwear and footwear company utilizes the space at 8677 Logo Athletic Court as a finishing facility.

The property, which is owned by Link Logistics, is situated on Indianapolis’ east side, along the primary east-west Interstate 70 logistics corridor. Adidas stamps, presses, stores and distributes screen-printed sport apparels for sports teams, ranging from professional to amateur, at the site.

Colliers’ Indianapolis office represented both landlord and lessee, with Jason Speckman representing Link Logistics, while Jimmy Cohoat, Andrea Hopper and Billy Powers represented Adidas.

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Last year, Germany-based Adidas leased office space at Brookfield Properties’ California Market Center in Los Angeles, as the property’s anchor tenant. The company opened its first U.S. production plant in Atlanta in 2017.

More recently, Link Logistics sold a 260,000-square-foot distribution center in Jacksonville, Fla., for $31.1 million.

Indianapolis industrial sector grows

At the end of April, Indianapolis had nearly 11 million square feet of industrial assets in the pipeline, according to CommercialEdge data. The metro also boasted one of the lowest vacancy rates in the U.S. at 2.6 percent.

Early this year, ITS Logistics opened a 700,000-square-foot warehouse at its campus in Whitestown, Ind. Over the next two years, the company plans to grow its Boone County campus to more than 2 million square feet.