Press Releases

Cabot Properties and Quadrangle Development Launch 470,000 S.F. Speculative Facility in Greenwood, Indiana to be Constructed by McShane and Marketed by Cassidy Turley

August 20, 2014

Cabot Properties and Quadrangle Development Company are pleased to announce the development of 650 Commerce, a 470,000 square foot speculative facility situated in Greenwood, Indiana.

Construction of the new industrial building is underway with tenant occupancy available first quarter 2015. The partnership has chosen Senior Managing Director, Luke J. Wessel, SIOR, of the Indianapolis office of Cassidy Turley as the exclusive marketing agent for the property. McShane Construction Company and JRA Architecture, Inc. will provide the comprehensive design/build construction of the modern and highly-featured facility.

Located in the growing and business-friendly community of Greenwood, Indiana, just 14 miles from downtown Indianapolis, the speculative development will be situated within the Precedent South Industrial Park at 650 Commerce Parkway East Drive. The location offers a strategic position along the Interstate 65 corridor and is just 20 miles from the Indianapolis International Airport and the nearby FedEx sorting hub.

The 650 Commerce speculative facility is being constructed utilizing precast concrete panels that incorporate generous window lines and a modern aesthetic. The 470,000 square foot cross-dock property offers numerous contemporary features including 36’ clear height, 48 loading docks (expandable), two drive-in doors (expandable), 50’ x 50’ column spacing with 50’ x 60’ staging bays, T5 lighting and an ESFR sprinkler system. The project is on schedule for first quarter 2015 completion.

The facility features four points of property access, two curb-cuts located on Graham Road and two positioned on Commerce Parkway. The development also offers parking for 280 vehicles (expandable) and 51 trailers (expandable), attractive landscaping and site fencing and gates offering additional property security. An adjoining site provides a substantial parking expansion option for users seeking additional auto and/or trailer spaces.

“Situated along the I-65 corridor, 650 Commerce is located in close proximity to downtown Indianapolis, the Indianapolis International Airport and the area’s extensive interstate network offering convenience, access and positioning to maximize efficient operations for a variety of users. The opportunity for new construction offering a modern design together with a 10-year real estate tax abatement provides outstanding advantages for tenants seeking contemporary industrial space,” states Wessel.

For more information about 650 Commerce, please contact exclusive marketing agent, Luke J. Wessel, SIOR, of the Indianapolis office of Cassidy Turley at 317.639.0471 or