Colliers has facilitated a full-building lease of 233,618 square feet for a seven-year lease term of Building 1, Terminus at Hobbs Station, at 9532 Station Blvd. in Plainfield, Indiana.
Building 1 is part of a dual speculative development at Terminus at Hobbs Station site. Building 2, at 9524 Station Blvd, at 263,922 SF, is available for lease.\
Completed early-2024, Terminus is located in the Indianapolis industrial Southwest submarket, near I-70 and just 8 miles from Indianapolis International Airport (IND).
Andrea Hopper SIOR of Colliers Indianapolis represented the landlord, HSA Commercial Real Estate. HSA is a national privately held, full-service real estate development and investment firm – with a current owned portfolio value exceeding 2.5 billion.
Jimmy Cohoat SIOR of Colliers Indianapolis, along with Darren Ross SIOR of Colliers Atlanta, represented the tenant, Marathon Electric LLC, a subsidiary of WEG. WEG is a global electro-electronic equipment company, with focus on electric motors, gearboxes and drives and controls, energy generation and transformers, electrification products and systems. With manufacturing units in 15 countries and present in more than 135 countries, the company has more than 40,000 employees worldwide.
