Indianapolis-based GDI Companies has begun construction on a more than 1 million-square-foot speculative building at Hendricks Gateway Park in Clayton. The industrial real estate developer and construction company says the $65 million facility will be its third to be constructed at the logistics park in the last year.
The building is being constructed for Atlanta-based developer Core5 Industrial Partners. GDI says it will be cross-docked with 11 dock positions, 40′ high clearance, 222 trailer parking spaces and 577 car parking spaces.
Construction on the new facility is expected to be complete by next August.
GDI is nearing completion of work on another more than 1 million-square-foot spec building, as well as a 440,000-square-foot facility.
Work began on the first buildings in the summer of 2019. At the time, GDI Chief Executive Officer Terry McCardwell told Inside INdiana Business demand for more warehousing and distribution space has fueled rapid growth in Hendricks County.