California-based Transpacific Development Co. has acquired its second central Indiana property since July. The deal with Plainfield Project One LLC involves a 450,000 square-foot distribution facility in Hendricks County. September 18, 2013

News Release

TORRANCE, Cal. – Transpacific Development Company acquired a 450,000 square foot, Class A distribution building in Plainfield, Indiana from Plainfield Project One, LLC, an affiliate of VanTrust Real Estate, LLC of Kansas City, Missouri. The building, located on 31 acres of land at 2450 Stanley Road, was recently developed by VanTrust on a speculative basis. It is currently unleased.

“With this acquisition, TDC continues to expand its presence in Central Indiana,” said Thomas Irish, President of TDC. “This is TDC's second acquisition of a large distribution building in this market in the past sixty days, following our purchase of 9101 Orly in Indianapolis in July. Both buildings share basic, strategic advantages such as their proximity to Indianapolis International Airport and accessibility to Interstates 70, 74 and 465. The southwest Indianapolis market is one of the best distribution locations in the U.S. with good transportation facilities, a strong logistics workforce, and a pro-business attitude.”

2450 Stanley Road is TDC's fourth building in Plainfield. With the addition of this building, TDC now owns ten distribution buildings in the Indianapolis market totaling more than 5,000,000 square feet.

Prior to this acquisition, TDC's portfolio in the area was 97.4 percent occupied. Irish said that strong demand for quality properties and TDC's high occupancy rate led to the firm's decision to buy the fully-vacant building.

“Our properties here have been well-leased, so we felt comfortable taking on marketing risk with this property. VanTrust developed a building with features that we think are very attractive: 32' clear height, three entry points into the property (from Stanley and Perry Roads), the ability to add trailer parking to the site, ESFR sprinklers, T-5 light fixtures, cross-dock configuration, and good column spacing and bay depths. We think these are all features that are sought after by high-end distribution companies today, and we intend to aggressively pursue tenants that would fit this property. It is our desire to find a single tenant for the whole building, but we will consider splitting it up under the right circumstances.”

TDC acquired the property on an all-cash basis, and intends to place long-term debt on the property once occupancy has been stabilized. TDC was represented in the transaction by John Huguenard, International Director/Head of Industrial Capital Markets from Jones Lang LaSalle's Chicago office. The seller was represented by Glenn Davis, President and Managing Director of Colliers International in Indianapolis.

TDC is a commercial real estate development and investment firm based in Torrance, California. Founded in 1954 by Shurl Curci, the company has developed nearly 10 million square feet of office, industrial and retail properties in the western United States. The firm invests and develops for its own account, without outside partners or investors. TDC entities currently own approximately 10.5 million square feet of property in six states. For more information on TDC, visit

TDC's Indiana Properties:

-710 S. Girls School Road, Indianapolis – 1,339,000 square feet

-9101 Orly Road, Indianapolis – 1,119,000 square feet

-7451 Tempelhof Road, Indianapolis – 281,000 square feet

-7452 Tempelhof Road, Indianapolis – 281,000 square feet

-5150 Decatur Boulevard, Indianapolis – 120,000 square feet

-2450 Stanley Road, Plainfield – 450,000 square feet

-1100 Whitaker Road, Plainfield – 414,000 square feet

-1101 Whitaker Road, Plainfield – 379,000 square feet

-3100 Reeves Road, Plainfield – 315,000 square feet

-901 E. Northfield Drive, Brownsburg – 396,000 square feet

VanTrust Real Estate, LLC, is a full service real estate development company with a regional

focus and national scope. VanTrust is headquartered in Kansas City, Missouri, with a regional

office in Columbus, Ohio and additional offices in Phoenix, Arizona and Dallas, Texas opening in

2013. The company creates real estate assets for both internal portfolio holdings as well as

disposition opportunities. VanTrust's ownership and substantial capital base are associated with the Van Tuyl Group. VanTrust offers its clients and capital partners a full spectrum of real estate services including acquisition, development, asset management, construction management and consulting. Product types include office, industrial, multi-family, retail, institutional, governmental, hospitality, and recreational. The Van Tuyl Group provides management consulting services to the largest group of privately held automotive dealerships in the United States. Through its affiliated entities, the group's multi-billion dollar real estate holdings include dealership, multifamily, office, retail, mixed-use, industrial, land positions and recreational properties.

Jones Lang LaSalle (NYSE:JLL) is a professional services and investment management firm

offering specialized real estate services to clients seeking increased value by owning, occupying and investing in real estate. With annual revenue of $3.9 billion, Jones Lang LaSalle operates in 70 countries from more than 1,000 locations worldwide. On behalf of its clients, the firm provides management and real estate outsourcing services to a property portfolio of 2.6 billion square feet and completed $63 billion in sales, acquisitions and finance transactions in 2012. Its investment management business, LaSalle Investment Management, has $46.3 billion of real estate assets under management. For further information, visit

Source: Transpacific Development Co.

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