Victory Commerce Park
Victory Commerce Park sits on 39.3 acres of planned modern industrial development. Two planned buildings are under construction, including a 345,047 SF cross-docked facility and a 130,500 SF rear-load facility. The site has immediate interstate access to I-465 and I‐65, with convenient access to Downtown Indianapolis and the Indianapolis International Airport.
703 N Graham Road
703 N Graham Road sits on 14.5 acres of planned modern industrial development. The site has a 168,728 rear-load facility available for fixturing in October 2022. The site is approximately one mile to I-65, with convenient access to I-465, I-70, Downtown Indianapolis and the Indianapolis International Airport.
8812 Americana Blvd
8812 Americana Boulevard is a 19,500 SF freestanding light industrial building near popular Park 100 Industrial Park and was purchased by Shear Property Group in the summer of 2023. Ownership got right to work with new exterior paint and planned roof replacement shortly after closing. The site offers convenient interstate access to I-465 & I-65 and a rich amenity base, as well as highly sought after fenced outdoor storage.
Progress Park Building 1
Progress Park in Greenfield, Indiana is Shear’s newest development project – a ±543,000 SF modern bulk distribution facility being built to suit for a large warehouse/distribution occupier who is relocating their primary warehousing operation to Greenfield.
305 Chaney Avenue
Located next to Shear's two existing Southpoint sites, this project is a 331,200 SF cross-docked distribution facility. The 25.94 acre site is less than one mile from I‐65 and has convenient access to I‐475, I‐70, Indianapolis International Airport, and the FedEx Midwest Distribution Hub. Site work began in September 2020 and the building was substantially completed in June 2021.
4496 Saguaro Trail
4496 Saguaro Trail is a 8,143 SF freestanding industrial building just outside of popular Park 100 Industrial Park and was purchased by Shear Property Group in the fall of 2022. Ownership immediately began injecting capital into the asset and made significant improvements to the property, including exterior façade upgrades and repaving the asphalt lot. The site offers convenient access to I-465 and has numerous amenities nearby including hotels, restaurants and retail. Ownership was able to have the building fully leased by March 2023.
6451 Saguaro Trail
6451 Saguaro Trail is a 12,400 SF freestanding industrial building just outside of popular Park 100 Industrial Park and was purchased by Shear Property Group in the spring of 2022. The asset sits on two acres of I-2 land with land available for building or parking lot expansion. Ownership strategically improved the asset with a tenant in tow and was able to have the building fully leased by September 2022.
4835 Decatur Blvd
Shear acquired this land associated with this project in early 2019 and constructed the 107,653 SF industrial building. The space was fully leased by the end of 2019.
1741 Keaton Way
This 186,000 SF new construction modern bulk distribution facility
was completed and granted a certificate of occupancy in May 2018. The building was 100% leased by three tenants by year‐end.
497 Chaney Avenue
This site includes 241,800 SF of industrial modern bulk
distribution development with 32' clear height, heavy loading
and ample auto and trailer parking on site. 171,120 SF is
fully leased to four tenants. The ±16.2 acre site is one mile from I‐65 and has convenient access to I‐475, I‐70, Indianapolis International Airport, and the FedEx Midwest Distribution Hub.
6278 W CR 300 N
Purchased by Shear late‐2016, this 28.68‐acre site now hosts a
368,000 SF state‐of‐the‐art modern bulk facility constructed by Shear. Centrally located in the Mt Comfort market, the project boasts impressive neighbors such as Carvana, Adidas and Walmart, and has convenient access to I‐70 and I‐465. The speculative facility was 100% leased to two tenants before construction completion.
Park 100 Area Portfolio
Shear's Park 100 Area Portfolio consists of 13 buildings and over 661,000 SF in Indianapolis, Indiana. Located in two popular business parks – Park 100 and Corporate Center North – this stabilized portfolio has experienced tremendous leasing activity since Shear's purchase late-2016.
Park Fletcher Portfolio
Through an intense portfolio revitalization effort, the 781,738 SF Park Fletcher Portfolio has experienced a 44% growth in occupancy since Shear’s acquisition of the assets. The 16-building portfolio was acquired June 2015 and now boasts a low 5% vacancy rate thanks to the expert leasing and management services provided by Shear Property Group and over $4.5 million in capital improvements.
440 - 456 N Meridian Street
This project is a high‐quality, urban infill office asset located in the
heart of Indianapolis's downtown resurgence. 456 N Meridian
Street is a fully occupied, 36,000 SF building consisting of two large 18,000 SF floor plates. Directly next door is 440 N Meridian Street, a 15,461 SF office building with two available suites for lease.
2266 Distributors Drive
Shear Property Group purchased this 27,380 SF freestanding industrial building in Park Fletcher in Spring 2021. Ownership immediately began injecting significant capital into structural and interior upgrades for the building upon closing, and was able to sell the building in June 2022.
998 Gerdt Court
998 Gerdt Court is a 132,000 SF premier modern bulk building located in Greenwood, Indiana. Completed in November 2016, 998 Gerdt Court sits on 10.3 acres in sought-after Precedent South Business Park with well-respected neighbors such as Caterpillar, Poly-Tainer NSK Corporation and Nestle Waters. The building is zoned I-2 and offers additional land available for outside storage, trailer parking or car parking. This property is currently fully occupied and has been sold.
999 Gerdt Court
999 Gerdt Court is a 132,315 SF modern bulk building located on ± 8.7 acres in Greenwood, Indiana. Built 2001, Shear purchased the asset in 2013 and invested capital to address deferred maintenance and sold the property shortly thereafter.
7600 Rockville Road
7600 Rockville Road is a state-of-the-art modern bulk distribution center located in Indianapolis. The speculative 563,760 SF building was completed early-2015 and sits on over 35 acres just north of the Indianapolis International Airport. Upon completion, Shear received an unsolicited offer to sell the property and elected to do so.
Park 100 Building 52
5225 West 81st Street was obtained by Shear as part of a
14-building acquisition in late 2016. This 34,800 SF cold/freezer storage facility on the northwest side of Indianapolis was sold
Park Fletcher - Building 26
2643-2707 Rand Road was obtained by Shear Property Group as part of a 17-building acquisition Summer-2015. This 28,340 SF freestanding, multi-tenant industrial building in the heart of Park Fletcher was sold early-2018.
Deme Drive Industrial Park
The Deme Drive portfolio consists of 96,000 SF throughout four buildings on the Northeast side of Indianapolis. When acquired in late-2013, Deme Drive’s occupancy was under 70%. The stabilized asset is now 96% occupied and has been sold.
901 W Morrison Street
901 West Morrison Street is a 100,190 SF rail served warehouse in Frankfort, Indiana. The property sits on 9.4 acres and has additional land designated specifically for outdoor storage and/or parking. The building was fully occupied when Shear sold the property in Q3 2021.
Near Northeast Business Center
The Near Northeast Business Center is a 2‐building portfolio, totaling over 84,000 SF of industrial/flex space. This portfolio has a stable tenant base and is extremely well‐located for tenants operating in the East or Northeast Indianapolis submarkets. The property was stabilized to 100% occupancy and then sold.
©2024 by Shear Property Group