Indianapolis-based Strategic Capital Partners LLC is partnering with a national real estate investment firm on a $27 million development near the Indianapolis International Airport. The project involves two new facilities that are part of the Metro Air Business Park Buildings in Plainfield.
The new buildings will increase the park’s space by 500,000 square-feet, bringing it up to more 1.2 million square-feet. The project is a collaboration between Strategic Capital Partners and PCCP LLC, which has offices in New York, Los Angeles and San Francisco. SCP President Richard Horn says "we are excited to partner with PCCP on this project and look forward to attracting additional high caliber companies and jobs to Metro Air and Plainfield. We continue to invest in this exceptional location due to its proximity to Plainfield, the airport, Ronald Reagan Parkway and I-70."
PCCP Managing Director John Randall says "the Metro Air development provides great exposure and opportunity for our venture. This is PCCP’s first project with Strategic Capital Partners, an experienced owner-operator. This property is 20 minutes from downtown Indianapolis and 10 minutes from the second-largest FedEx hub in the country. Metro Air is an ideal site for high capacity logistics customers."
Construction on the 28-acre project is expected to be complete in the second quarter of next year.