Echo Real Estate Capital, Inc. closed on approximately 30 acres in Indianapolis’ Park 100, the dominant industrial park serving as the region’s core logistical, manufacturing, and commercial hub.
The two land sites, located at 7440 Woodland Drive and 7601-7635 Interactive Way, currently feature three obsolete general office buildings totaling 450,000 SF and that were formally occupied by United Health Group (NYSE: UNH) and Genesys, an AI-powered technology company. The sellers were Ventas (NYSE: VTR) and The RMR Group (NASDAQ:RMR), respectively.
The project, named Echo Business Park @P100, will feature multi-tenant, class-A industrial facilities that will appeal to a broad range of users including trade contractors, last mile logistics, light manufacturing, and distribution facilities. Suite sizes will range from 7,000 to 80,000 square feet. Silver added, “the use categories we are targeting form the backbone of the modern economy and within Park 100 – they’ve been stuck in older product with lower clear heights and insufficient infrastructure. Our project is one of a kind in this market and has never been built.”
Demolition is scheduled to begin in late October, 2026. Phase I of the project, located the southern half of the site, will be comprised of three buildings totaling 195,000 square feet and is scheduled to be delivered in Q4 2027. Phase II, on the northern half, will features an additional 200,000 square feet with anticipation of commencing construction in 2027 with delivery in 2028.
Korey Ryan at Colliers will be the exclusive listing agent for the property. Debt financing is being provided by CIBC, and Keeley Construction will serve as General Contractor. Powers Brown (architect) and SpaceCo (civil engineer) make up the design team.
