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National  + Industrial  | 

Molto Plans Spec Industrial at Ameriplex

Molto Properties has acquired 16.58 acres of land in Indianapolis, with plans to develop a speculative industrial facility, its second in this market. Pricing was not disclosed.

The site at 5610 Stanley Rd. is part of the Ameriplex logistics campus (pictured), a 1,700-acre master-planned park developed in a public-private partnership between the City of Indianapolis and Holladay Properties. The park is centrally located for logistics and distribution.

Molto will develop a cross-dock 246,426 square foot Class A spec building featuring 32-foot clear height. Completion is targeted for the third quarter of 2019.

“Indianapolis is a strong industrial market with steady demand for quality industrial space that is outpacing the supply,” said VP Kevin Scott at Molto.

Terry Busch and Jared Scaringe of CBRE represented Molto in the transaction. Busch and Scaringe will also be responsible for leasing the distribution facility upon completion.


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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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