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 tenant for another property it has in the Lake County city.
The publication reports Becknell has an industrial building to the north of the new proposed site. That property is now being leased by Schilli Distribution.
Becknell received a 10-year tax abatement for the first building and has requested abatement for the new facility. Merrillville’s Economic Development Committee has given the project a favorable recommendation. Councilman Shawn Pettit says the council could act on the abatement by June. The publication reports construction could begin this fall.