In The News

A developer with several properties in Greenwood has received another tax break from the city. Becknell Industrial, a Carmel-based developer, is working to fill the Southtech Business Park at Graham Road and East Main Street with speculative buildin…

LOVES PARK — Local leaders gathered Friday to celebrate the grand opening of a business that was vital in Loves Park’s recruitment of Costco. Cream City Scale, a company that sells, calibrates and services scales for low- to heavy-capacity weigh…

Jun 4, 2019 - The Buzz: Mystery warehouse gets a name

For months, readers have been curious about a massive warehouse – the size of three and a half football fields – under construction in Appleton’s eastside industrial park. Driving north on State 441, it’s on the right side before the Calumet…

Two more warehouses could be coming to the east side of Greenwood, but these, unlike most others that have been proposed lately, faced no opposition. That is because the property is surrounded by warehouses on three sides. An apartment complex — T…

May 27, 2019 - Upstate South Carolina has evolved from a hub for textile mills into an industrial powerhouse thanks to BMW’s Spartanburg plant, Interstate 85 and Inland Port Greer.

Thirty years ago, there were 33 operating textile mills in Spartanburg County, South Carolina. Today, there are scarcely a handful. The jobs and investments disappeared in the wake of regulatory change and international trade agreements. However, th…

May 22, 2019 - Congratulations to our very own Shona Bedwell who recently graduated from United Way of Central Indiana’s community leadership and board development program, Leadership United.

Congratulations to our very own Shona Bedwell who recently graduated from United Way of Central Indiana’s community leadership and board development program, Leadership United. The Leadership United Class of 2019 received certificates of completion…

Presenting Chicago's fastest-growing companies, in alphabetical order.

LOVES PARK — A company that makes merchandising fixtures and custom displays for retailers is building a $20 million warehouse and distribution center near East Riverside Boulevard and Interstate 90. A groundbreaking ceremony was held Monday for S…

May 8, 2019 - Update on five Northeast Florida warehouse projets

Becknell buys land for second building. Chicago-based Becknell Industrial bought land in Westlake Industrial Park for a second warehouse project. Pritchard Road Florida Becknell Investors II LLC paid $748,200 on March 22 for 12.49 acres at Pritchar…

May 8, 2019 - Update on five Northeast Florida warehouse proje

Becknell buys land for second building Chicago-based Becknell Industrial bought land in Westlake Industrial Park for a second warehouse project. Pritchard Road Florida Becknell Investors II LLC paid $748,200 on March 22 for 12.49 acres at Pritchard…

It is apparent to most commercial real estate professionals that there is an unusual amount of warehouse development activity taking place in the Richmond region from both local and national investors. About 2.2 million square feet of industrial/war…

Apr 24, 2019 - Cushman & Wakefield completes 1.5 MSF of leasing in I-55 Corridor

Acting as tenant and landlord representative, respectively, Cushman & Wakefield closed on ten transactions across the I-55 Corridor in the first quarter of 2019, totaling more than 1.5 million square feet. Robust leasing activity and a 360-basis …

MERRILLVILLE - Carmel-based real estate firm Becknell Industrial is planning to invest nearly $20 million in a speculative facility in Merrillville. Our partners at The Times of Northwest Indiana report the move comes after the company found a tenan…

Apr 18, 2019 - Becknell Industrial firm plans $20 million investment in Merrillville

MERRILLVILLE — Becknell Industrial has plans to build another large facility in Merrillville after finding a tenant for an existing building it has in town. Paul Thurston, of Becknell, said the company plans to build a 263,000-square-foot industri…

Fueled by continued population growth that has made Columbus the 14th-largest city in America and its strategic location in the U.S. Interstate system, the Columbus industrial market has been on a multi-year run in terms of new inventory and positive…

The speculative development boom is still surging in Chicago’s industrial market, which had 19.3 million square feet of new industrial space under construction in February of 2019, according to Avison Young research. The 63 percent increase in con…

LAS VEGAS – Colliers International – Las Vegas represented Becknell Industrial in the $5.2 million purchase of 20.6 acres located on the SEC of Howdy Wells Road and Beesley Drive just west of the Las Vegas Motor Speedway. Becknell Industrial wil…

Mar 7, 2019 - Colliers International – Las Vegas’ Doherty Industrial Group Represents Becknell Industrial on the Purchase of 20.6 acres in the North Las Vegas Submarket

LAS VEGAS – Colliers International – Las Vegas represented Becknell Industrial in the $5.2 million purchase of 20.6 acres located on the SEC of Howdy Wells Road and Beesley Drive just west of the Las Vegas Motor Speedway. Becknell Industrial will…

Another speculative building is coming to a growing Greenwood business park, and the city has agreed to give the Carmel-based developer a more than $1 million tax break. Becknell Industrial plans to build a 151,800-square-foot facility and 104-car p…

Feb 21, 2019 - Millennials and Gen Z are driving trends in commercial real estate, panelists say

Asked to forecast where the Richmond area’s commercial real estate market is headed in the next five or 10 years, experts speaking Tuesday didn’t have solid predictions. But they agreed that millennials and the generation coming behind them, Gen…

Feb 20, 2019 - Becknell Industrial Reports 2018 Results

INDIANAPOLIS, Feb. 20, 2019 (GLOBE NEWSWIRE)—Becknell Industrial announced today financial results for the year ending December 31, 2018. Dan Harrington, Chief Executive Officer and President, said, “2018 was another record breaking year for Be…

Feb 18, 2019 - Industrial developer hopes to expand operations in Hobart

HOBART — An industrial developer hopes to buy a 16.5 parcel to expand operations in the city. To that end, city officials are pursuing a development agreement with Becknell Industrial before they authorize a zone change for property the company co…

Jan 31, 2019 - Industrial Market Has Record-Setting Year

Denver’s industrial market is expected to keep up the momentum coming off a record-breaking year that saw absorption reach 4.5M SF — the highest since before the recession, when 5.5M SF was absorbed in 2006, according to CBRE’s fourth-quarter i…

Becknell Industrial has acquired 39.81 acres at Nexus at DIA, a joint venture project between Schuck Communities and CH Thompson Co. Becknell plans to announce its plans for the property at 84th Avenue and Quintero Street in Commerce City shortly. …

Jan 15, 2019 - Industrial forecast: Some overbuilding won’t block the path ahead in 2019

The size of the crowds at last week’s Chicago Commercial Real Estate conference illustrate the fact that the CRE industry and this market are on great footing going into the new year. One sector in particular, industrial, drew a great amount of int…

Dec 19, 2018 - Dan Fogarty Promoted to Executive Vice President

CHICAGO, Dec. 19, 2018 (GLOBE NEWSWIRE)—Becknell Industrial today announced that Dan Fogarty has been promoted to Executive Vice President - Development, effective immediately. Dan’s tenure with Becknell began as Senior Vice President – Develop…

Dec 15, 2018 - Industrial projects could be coming to Hobart

HOBART — New development could be coming to 69th Avenue, but the road is in need of an upgrade before that could happen. Becknell Industrial is looking to buy a 16.5-acre property north of 69th Avenue and east of Mississippi Street, and the compan…

Nov 19, 2018 - Industrial Development Continues as Vacancy Rates Fall

Two more – maybe three – industrial warehouses are being built in Northwest Jacksonville. The city issued permits for an $18 million cross-dock building for Lake Washington Partners and a $7 million speculative warehouse for Becknell Industrial.…

Oct 31, 2018 - Transportation and logistics drive industrial activity in and around Chicago

Nothing is hotter than industrial, and nothing is fueling that more than e-commerce, which is driving up demand for logistical and fulfillment properties. For that reason, approximately 200 people headed out to McDonald’s Hamburger University in Oa…

While there has been a strong demand for investment properties in Richmond, there remains a limited availability of both freestanding facilities and portfolio deals. In recent investment activity, the Byrd Corporate Park in eastern Henrico County s…

Oct 19, 2018 - Jacksonville Spec Warehouse Marches On

Reports that the industrial market is either near or below a 3% vacancy rate continue to spur new industrial space

Sep 27, 2018 - Latest addition bolsters size of Hobart industrial park

HOBART — The newest addition to NorthWind Crossings is expected to eventually become the largest facility in the business park. Wynright Corp., which is based in Elk Grove Village, Illinois, is expected to break ground on its new 320,400-square-fo…

Aug 21, 2018 - Becknell Services warehouse wins approval for speculative warehouse

T&C Metals will move by Nov. 1 from 5220 New Kings Road about 6 miles south to 6746 Stuart Ave. “Our business is growing at a tremendous pace and we need more room to bring in more product,” said Thomas DeSaulniers, branch manager for T&…

Aug 10, 2018 - The Jacksonville Market Needs More Industrial

Despite high demand and historically low vacancy rates, building continues to fall behind demand.

Jacksonville is not seeing enough new development of industrial space to keep up with the demand the market is experiencing, according to a quarterly report from Colliers International Northeast Florida. The vacancy rate dropped below 3 percent in t…

A Carmel-based real estate developer has plans to construct three industrial buildings totaling more than 1 million square feet in rural Zionsville. The facilities would be constructed on roughly 80 acres at the northwest corner of State Road 267 an…

RICHMOND, VA. — Becknell Industrial has acquired a 60-acre parcel of land along Laburnum Avenue and Seven Hills Boulevard in Richmond with plans to construct a four-building industrial campus. The 805,190-square-foot development, located roughly tw…

Becknell Industrial, based in Indianapolis, develops warehouse distribution centers all over the country. Now, they’ve purchased five parcels of land for a four building project at Laburnum and Seven Hills Boulevard for just over $4 million. Porte…

Jul 10, 2018 - Four industrial warehouse buildings planned for eastern Henrico on former Ukrop-owned property

A four-building industrial warehouse complex is being planned for South Laburnum Avenue in eastern Henrico County. Becknell Industrial, the Indianapolis-based developer of warehouse distribution centers across the nation, is developing the four-buil…

Jun 26, 2018 - Becknell Industrial is proud to be part of the 2018 Crain’s Chicago Business Fast 50.

Becknell Industrial - Industrial real estate 2017 revenue: $154.2 million | 5-year growth: 346.1% | Employees: 26 local, 51 total | Profitable: Yes | Location: Lyons

May 2, 2018 - Becknell Industrial Purchases 39 Acres in Nexus at DIA

(INDIANAPOLIS, May 2, 2018) – Becknell Industrial announced today the purchase of a 39.8-acre site in Nexus at DIA in Commerce City, Colorado. The site is strategically located at Quintero Road and East 81st Avenue, which is immediately adjacent to…

Apr 30, 2018 - Lee & Associates: Soaring spec construction barely keeping up with industrial demand in Columbus

Looking for modern industrial space in the Columbus market? That could be a challenge. There simply isn’t enough of it available. According to the first-quarter industrial report from Lee & Associates, the industrial vacancy rate in the Columb…

Apr 17, 2018 - Becknell Industrial plans to build speculative warehouse at Westlake Industrial Park

Illinois company cites regional growth in decision to build 186,000-square-foot facility.

Mar 28, 2018 - XPO Logistics to Open SoFla Fulfillment Center

The global logistics company will occupy 50,000 square feet at Becknell Industrial’s spec facility scheduled for completion at the end of March. CBRE has brokered a 50,000-square-foot lease at East Davie Commerce Center, a speculative industri…

Mar 20, 2018 - Driven by E-Commerce, Indy’s Industrial Bulk Market Continues Growth Spurt

In 2017, newly signed bulk space deals in the greater Indianapolis industrial market totaled 10.2 million square feet. Of that total, over 50 percent had some affiliation with e-commerce. With 26 new buildings and another 5.7 million square feet und…

(INDIANAPOLIS, March 12, 2018) – Becknell Industrial announced today financial results for the year ending December 31, 2017. Dan Harrington, Chief Executive Officer and President, said, “2017 proved to be another strong year for Becknell opera…

Feb 6, 2018 - Becknell’s Activity in Suburban Columbus Continues to Flourish

Success at Southpark Place Spurs New Development

Jan 25, 2018 - BMW supplier Grupo Antolin expanding its Spartanburg County operations

County Council documents showed Grupo Antolin will invest $50 million to grow its Spartanburg operations and create at lease 152 jobs. The company has leased a new 175,000-square-foot facility at 2781 New Cut Road.

(INDIANAPOLIS, November 27, 2017) – Becknell Industrial announced today that it is nearing completion of an industrial building in the Town of Merrillville in Northwest Indiana. The new state of the art facility is being built on 13 acres within th…

Nov 17, 2017 - CBRE helps Becknell purchase 14-acre industrial site in Ohio

Becknell Industrial has purchased a 14-acre industrial site in the city of Fairfield, Ohio. CBRE assisted with the purchase of the land, located on Commerce Center Drive, off of Seward Road. Becknell is developing a 176,800-square-foot speculative i…

An e-commerce retail giant known for its home furnishings and décor is adding to its network of distribution hubs with a new location in metro Richmond.

Developed and built by Becknell Industrial, Bunzl Distribution Midatlantic LLC has leased 114,009 square feet of space in a new building at Henrico County’s Airport Distribution Center.

CINCINNATI – October 3, 2017 – Becknell Industrial has purchased a 14-acre industrial site in the city of Fairfield. CBRE assisted with the purchase of the land, located on Commerce Center Drive, off of Seward Road.

At the mid-year mark, the Richmond industrial market has continued to strengthen, closing with an overall occupancy rate of 91 percent in the categories being tracked — Class A, B and C vacant and investor-owned product with a minimum of 40,000 squ…

Oct 10, 2017 - Company to Develop 14-acre Industrial Site in Fairfield

FAIRFIELD — Becknell Industrial has purchased a 14-acre industrial site in the city of Fairfield, where it will develop a 176,800-square-foot speculative industrial building. Construction is expected to be complete during the first quarter of 2018…

Oct 10, 2017 - Becknell to Break Ground on Fairfield Industrial Building

FAIRFIELD – Becknell Industrial will soon start construction on a 176,800-square-foot industrial building on Commerce Center Drive. Located off Seward Road, the planned 260-by-680-foot, pre-cast concrete building will sit on a 14.1-acre site and s…

Oct 10, 2017 - Becknell to Expand Cincinnati Presence With 177 KSF Spec Building

CBRE assisted the company with the purchase of a 14-acre industrial site in the city of Fairfield, Ohio. The warehouse is expected to be delivered during the first quarter of 2018.

Jul 17, 2017 - Industrial Boom Town

WHITESTOWN — Whitestown has been deluged the past two years with announcements, groundbreakings and ribbon cuttings for manufacturing and distribution companies. Ten industrial buildings have been completed within the past 24 months, another three…

Becknell Industrial’s Construction Update- July 2017 Spec Building 1 Grove City, Ohio

Jul 10, 2017 - Whitestown Sees Flurry of Industrial Projects, More on Horizon

Whitestown has been deluged the past two years with announcements, groundbreakings and ribbon cuttings for manufacturing and distribution companies. Ten industrial buildings have been completed within the past 24 months, another three are under cons…

May 9, 2017 - Congratulations to Our Very Own Matt Cohoat For Being on the List of Indy's Most Pivotal Leaders!

Our vision at Open Pivot is to see every leader in Indianapolis flourish and succeed. The Indy’s Most Pivotal Leaders event is designed to recognize, recharge and empower Indy’s best. These leaders must excel in the following 3 areas – Business…

INDIANAPOLIS, IN—Since entering the market in 2013, Becknell Industrial continues to expand its presence in Indianapolis. In addition to three acquisitions totaling more than 450,000 square feet, the Company has developed nearly 1.6 million square …

Apr 25, 2017 - Link-Belt Lends a Hand in Pre-Cast Concrete Panel Lifts

In Henrico, Va., a new 216,000-sq.-ft. warehouse is being built by Becknell Industrial at the Richmond Airport Distribution Complex. The developer, which specializes in industrial properties, is anticipating an influx of cargo for the state capitol i…

Mar 9, 2017 - Becknell Industrial Pursues $12 Million Merrillville Project

MERRILLVILLE — Becknell Industrial is planning a speculative building in Merrillville and has found success with an existing facility built on speculation in Hobart. Paul Thurston, of Becknell, said the company is pursuing the $12 million project …

INDIANAPOLIS, IN— Becknell Industrial announced today financial results for the year ending December 31, 2016. Dan Harrington, Chief Executive Officer and President, said, “2016 proved to be an outstanding year for Becknell Industrial as we exec…

Calpipe has received Hobart Plan Commission approval to expand its Midwest master distribution center in NorthWind Crossings business park, a building it just moved into last year. Terry Levin, with the business park’s developer, Becknell Industri…

Feb 1, 2017 - Speculative West Chester Industrial Building Lands Tenant

Kosei, a North American distributor of aluminum wheels to the original equipment manufacturer market and after-market, leased 48,000 square feet of space in a roughly 139,000-square-foot speculative industrial building in West Chester Township. Kose…

Becknell Industrial has now fully leased Port Union E, its warehouse building in West Chester. Cincinnati—Becknell Industrial recently announced that it has leased its facility in West Chester, Ohio, 18 miles north of downtown Cincinnati, in less …

Jan 31, 2017 - Kosei Signs 48,000 SF Industrial Lease in West Chester, Ohio

WEST CHESTER, OHIO — Kosei, a distributor of aluminum wheels, has signed a lease to occupy 48,000 square feet in Building E at Port Union at Union Centre. The speculative warehouse building, owned by Becknell Industrial, is now fully leased. Port U…

Jan 27, 2017 - A Big Congratulations to Our Very Own Conn Zickmund for Being the Winner of the United Way of Central Indiana’s Annual Fundraising Campaign to Win Super Bowl Tickets

NEW UNITED WAY DONOR SELECTED AMONG 3,238 TO WIN SUPER BOWL TICKETS — Local Becknell Industrial employee wins trip to Super Bowl 51 with airfare and accommodations provided by the Indianapolis Colts When Conn Zickmund made his first donation to U…

Becknell Industrial announced today that it has fully leased its speculative warehouse building in West Chester, Ohio less than six months after construction began. Kosei, a North American distributor of aluminum wheels to the OEM market and after-ma…

Cincinnati, OH— Becknell Industrial, a company specialized in the development, investment and management of industrial properties across the U.S., recently announced that it has leased a portion of its warehouse building currently under constructio…

Dec 2, 2016 - CBRE Negotiates 90,750 SF Industrial Lease for Polymet Near Cincinnati

WEST CHESTER TOWNSHIP, OHIO — CBRE has negotiated the lease of 90,750 square feet of industrial space for Polymet Corp., a manufacturer of high-performance wire for hardfacing, welding and thermal spraying, at Becknell Industrial’s speculative wa…

IBJ honors Top Financial Execs If the CEO is a captain of industry, then the chief financial officer is the navigator, with one eye on the charts, another on the stars, and both hands on the steering wheel. In IBJ’s ninth annual CFO of the Year pr…

Polymet Corp., a manufacturer of high-performance wire, is leasing more than half of a roughly 139,000-square-foot speculative industrial building in West Chester Township. Polymet signed a long-term lease for nearly 91,000 square feet of space in t…

Becknell Industrial announced today that it has leased a portion of its speculative warehouse building currently under construction in West Chester Township, a northern Cincinnati community. Polymet Corporation, a world-class manufacturer of high per…

BELVIDERE — The city plans to spend about $350,000 to ready Tripp Road for a new Chrysler supplier that could employ 460. Aldermen on Monday voted 7-0 to split the $700,000 cost to widen the rural roadway where a 220,000-square-foot facility for M…

Recent ribbon cuttings at manufacturing facilities across the region are signaling an economic renaissance in what was once considered the rustbelt. Key economic development professionals, business leaders and elected officials at local, state and f…

Oct 11, 2016 - A Big Congratulations to Our Very Own Derek Hawkins for Being Named a Finalist for Indy's Best and Brightest Awards!

INDIANAPOLIS - Junior Achievement of Central Indiana Inc. has announced the finalists for its Indy’s Best and Brightest awards. The organization annually recognizes 100 professionals under the age of 40 from 10 industries. Junior Achievement say…

Sep 23, 2016 - Manufacturer Finds New Place to Hang Hat Near RIC

Manufacturer finds new place to hang hat near RIC- Premier Store Fixtures leased the 216,000-square-foot warehouse under construction at the Airport Distribution Center off South Laburnum Avenue and Darbytown Road. (Michael Thompson) Premier Store…

Premier Store Fixtures to occupy 216,000-square-foot warehouse in Richmond- Becknell Industrial has fully leased a speculative warehouse building currently under construction at the Airport Distribution Center on the southeast side of Richmond. Pr…

A Midwest industrial builder plans to buy about 50 acres in a new business park that’s taking shape near Orlando International Airport. Becknell Industrial has property under contract in Air Commerce Park, Dan Fogarty, Becknell’s senior vice pre…

INDIANAPOLIS, IN— Becknell Industrial announced today that it has fully leased its speculative warehouse building currently under construction at the Airport Distribution Center on the southeast side of Richmond. Premier Store Fixtures will be the …

In-Service Property Results and Leasing Activity- Becknell owned and controlled 131 in-service properties, totaling 14.2 million square feet. The portfolio was 93.2 percent occupied on a square foot basis. During 2016, the Company signed new leases t…

Sep 9, 2016 - Becknell Industrial Begins Ground Breaking for Landsberg Orora in Hancock County

Hancock County – Landsberg Orora representatives, development partners, and Hancock Economic Development Council gathered to celebrate the ground breaking of Landsberg – in Greenfield, Indiana. Larry Siegler, The Peterson Company, kicked off the…

Adams County Property Location: SEC E. 19th Ave. & Picadilly Road, also fronts northeast corner of Picadilly and Interstate 70, Aurora Property Description: Vacant land Land Size: 19.21 acres Sales Price: $3.45M, or $4.12 per sf Reception No…

Aug 16, 2016 - Becknell Begins Construction for CSL Plasma

Becknell Industrial broke ground on a 68,000 square-foot build-to-suit facility for CSL Plasma in Whitestown, Indiana. CSL Plasma Inc. is one of the world’s largest collectors of human plasma. Currently operating approximately 10 miles away, out of…

Porter Realty/CORFAC International Principal Clifford B. Porter, CCIM, SIOR, announced that his firm was awarded the leasing/property management assignment by Becknell Industrial to market a new speculative 216,000 SF warehouse/distribution facility …

Becknell Industrial tapped CBRE to arrange $250 million in financing for a 140-property portfolio. Indianapolis—Becknell Industrial Operating Partnership LP, a joint venture between a fund managed by UBS Asset Management, Global Real Estate-US and…

HOBART - Illinois-based NB Coatings North America has broken ground on its new facility in Hobart. The company, a subsidiary of Japan-based Nippon Paint, is investing $4.7 million in its expansion into the nearly 125,000 square-foot facility, which …

Jun 28, 2016 - City of Hobart and Becknell Industries Welcome NB Coatings as Ground is Broken on New Facility

Tuesday was an earth-shattering day for the city of Hobart. NB Coatings, an Illinois-based manufacturer of automotive coatings for plastics, broke ground on its new Northwest Indiana facility. The company will create up to 22 new jobs by 2018. It cu…

Becknell Industrial announced today that it has broken ground on an industrial building on the southeast side of Richmond. The new state of the art facility is being built on 17 acres within the Airport Distribution Center. Scheduled for delivery in …

May 8, 2016 - NWI industrial vacancy rate lower than rest of Chicagoland

Northwest Indiana has one of the lowest industrial vacancy rates in the Chicago metropolitan market, which just posted its strongest industrial absorption rate in four years, with 9 million square feet leased or purchased between January and March. …