Colliers negotiated the lease of Velocity 74 Trade Center at 9201 N. Frontage Road in Fairland, Indiana.
Colliers | Indianapolis industrial advisory executive vice presidents Jimmy Cohoat and Jason Speckman represented the landlord, Browning Investments, an Indianapolis-based real estate development, construction, and management firm, in the transaction.
The 915,720 square-foot, cross-docked distribution facility is situated on approximately 54.6 acres of land and features 40-foot clear height, along with expandable parking capacity for up to 231 trailers and 453 vehicles.
The LEED Silver-certified facility offers immediate access to I-74, a robust regional labor pool, and flexible expansion opportunities to support future growth.
Developed by Browning Investments, Velocity 74 Trade Center was designed to meet the growing demand for modern distribution and logistics space. North Carolina-based Prime Beverage Group, a premier beverage contract manufacturer and co-packing leader specializing in premium alcoholic and non-alcoholic beverages, leased the facility. The tenant was represented by Warren Snowdon of Foundry Commercial and Brian Zurawski of Colliers | Indianapolis.
