{"id":1004359853,"date":"2019-10-13T23:34:49","date_gmt":"2019-10-14T07:34:49","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004359853"},"modified":"2019-10-13T23:34:49","modified_gmt":"2019-10-14T07:34:49","slug":"amazon-leased-property-in-indiana-trades-for-82m","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/amazon-leased-property-in-indiana-trades-for-82m\/","title":{"rendered":"Amazon-Leased Property in Indiana Trades for $82M"},"content":{"rendered":"
\"\"<\/a>

Image via Pixabay<\/em><\/p><\/div>\n

An industrial property in Greenwood, Ind., that is net leased to Amazon has been acquired by Monmouth Real Estate Investment Corp., a New Jersey-based REIT, for $81.5 million. The 615,750-square-foot building opened last month as a fulfillment center and is leased to the e-commerce leader for 15 years.<\/p>\n

\n

READ ALSO: <\/strong>Amazon Adds 104 KSF to Austin Lease<\/a><\/p>\n

\n

Located at 1151 S. Graham Road in the Indianapolis suburb of Greenwood, the industrial facility is situated on approximately 78.6 acres off County Road 200 E., about a half-mile from Interstate 65. The packaging center hired more than 1,000 full-time employees for the new fulfillment center, which was previously slated to become a FedEx distribution hub before the company scrapped its plans in March 2018, according to the Associated Press<\/em>.<\/p>\n

Monmouth Real Estate President & CEO Michael Landy said in a statement that the industrial market in the Indianapolis metro area is one of the best in the country. Landy\u2019s company has previously acquired industrial properties in the area, including a facility for ULTA Cosmetics and a FedEx Ground distribution center. The REIT, which owns roughly 23 million square feet of assets, specializes in acquiring net-leased industrial properties with a single, investment-grade tenant.<\/p>\n

Amazon\u2019s nationwide moves<\/strong><\/h2>\n

Amazon has been beefing up its footprint in cities across the country lately, expanding leases at its locations in Chicago and Austin, Texas, and leasing an entire office building<\/a> in Northern Virginia.<\/p>\n

Last year, when cities were still pulling out all the stops to entice Amazon into building an HQ2 in their metros, the e-retailer named Indianapolis as one of the 20 finalists in its nationwide search. After initially announcing<\/a> New York City and Crystal City, Va., as the new HQ2 locations, the company abruptly pulled out of its NYC plans, opting to stick with a campus in the D.C. metro area that will create 50,000 jobs and a smaller campus in Nashville, Tenn., that will employ 5,000 people.<\/p>\n","protected":false},"excerpt":{"rendered":"

The 615,750-square-foot industrial building is net leased to the e-commerce giant for 15 years. <\/p>\n","protected":false},"author":745,"featured_media":1004348153,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21784,21743,21808,1590,21748,13,21742],"tags":[37482,33340],"class_list":["post-1004359853","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brokerage","category-deals","category-featured","category-indianapolis","category-industrial","category-midwest","category-latest","tag-amazon","tag-monmouth-real-estate-investment-corporation"],"acf":[],"yoast_head":"\nAmazon-Leased Property in Indiana Trades for $82M - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/amazon-leased-property-in-indiana-trades-for-82m\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Amazon-Leased Property in Indiana Trades for $82M\" \/>\n<meta property=\"og:description\" content=\"The 615,750-square-foot industrial building is net leased to the e-commerce giant for 15 years.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/amazon-leased-property-in-indiana-trades-for-82m\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2019-10-14T07:34:49+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/08\/industrial-news-09.-Image-via-Pixabay.com_-e1570508156351.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"600\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Holly Dutton\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/amazon-leased-property-in-indiana-trades-for-82m\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/amazon-leased-property-in-indiana-trades-for-82m\/\",\"name\":\"Amazon-Leased Property in Indiana Trades for $82M - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/amazon-leased-property-in-indiana-trades-for-82m\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/amazon-leased-property-in-indiana-trades-for-82m\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/08\/industrial-news-09.-Image-via-Pixabay.com_-e1570508156351.jpg\",\"datePublished\":\"2019-10-14T07:34:49+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/9259ffaba4775229ae3556b9555e566d\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/amazon-leased-property-in-indiana-trades-for-82m\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/amazon-leased-property-in-indiana-trades-for-82m\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/amazon-leased-property-in-indiana-trades-for-82m\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/08\/industrial-news-09.-Image-via-Pixabay.com_-e1570508156351.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/08\/industrial-news-09.-Image-via-Pixabay.com_-e1570508156351.jpg\",\"width\":800,\"height\":600,\"caption\":\"Image via Pixabay.com\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/amazon-leased-property-in-indiana-trades-for-82m\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Amazon-Leased Property in Indiana Trades for $82M\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/9259ffaba4775229ae3556b9555e566d\",\"name\":\"Holly Dutton\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/05\/Holly-D-Dutton-e1622041566670.png?w=75\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/05\/Holly-D-Dutton-e1622041566670.png?w=75\",\"caption\":\"Holly Dutton\"},\"description\":\"Holly Dutton is a Senior Editor with Commercial Property Executive and Multi-Housing News. She joined CPE and MHN in 2018 and has reported on the real estate sector since 2012. She was previously with Real Estate Weekly and the Houston Chronicle. Connect with her on twitter: @HollyDutton\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/author\/hollydutton\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Amazon-Leased Property in Indiana Trades for $82M - Commercial Property Executive","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/amazon-leased-property-in-indiana-trades-for-82m\/","og_locale":"en_US","og_type":"article","og_title":"Amazon-Leased Property in Indiana Trades for $82M","og_description":"The 615,750-square-foot industrial building is net leased to the e-commerce giant for 15 years.","og_url":"https:\/\/www.commercialsearch.com\/news\/amazon-leased-property-in-indiana-trades-for-82m\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2019-10-14T07:34:49+00:00","og_image":[{"width":800,"height":600,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/08\/industrial-news-09.-Image-via-Pixabay.com_-e1570508156351.jpg","type":"image\/jpeg"}],"author":"Holly Dutton","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/amazon-leased-property-in-indiana-trades-for-82m\/","url":"https:\/\/www.commercialsearch.com\/news\/amazon-leased-property-in-indiana-trades-for-82m\/","name":"Amazon-Leased Property in Indiana Trades for $82M - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/amazon-leased-property-in-indiana-trades-for-82m\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/amazon-leased-property-in-indiana-trades-for-82m\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/08\/industrial-news-09.-Image-via-Pixabay.com_-e1570508156351.jpg","datePublished":"2019-10-14T07:34:49+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/9259ffaba4775229ae3556b9555e566d"},"breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/amazon-leased-property-in-indiana-trades-for-82m\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/amazon-leased-property-in-indiana-trades-for-82m\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/amazon-leased-property-in-indiana-trades-for-82m\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/08\/industrial-news-09.-Image-via-Pixabay.com_-e1570508156351.jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/08\/industrial-news-09.-Image-via-Pixabay.com_-e1570508156351.jpg","width":800,"height":600,"caption":"Image via Pixabay.com"},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/amazon-leased-property-in-indiana-trades-for-82m\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"Amazon-Leased Property in Indiana Trades for $82M"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/9259ffaba4775229ae3556b9555e566d","name":"Holly Dutton","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/05\/Holly-D-Dutton-e1622041566670.png?w=75","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/05\/Holly-D-Dutton-e1622041566670.png?w=75","caption":"Holly Dutton"},"description":"Holly Dutton is a Senior Editor with Commercial Property Executive and Multi-Housing News. She joined CPE and MHN in 2018 and has reported on the real estate sector since 2012. She was previously with Real Estate Weekly and the Houston Chronicle. Connect with her on twitter: @HollyDutton","url":"https:\/\/www.commercialsearch.com\/news\/author\/hollydutton\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/08\/industrial-news-09.-Image-via-Pixabay.com_-e1570508156351.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004359853","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/745"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004359853"}],"version-history":[{"count":5,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004359853\/revisions"}],"predecessor-version":[{"id":1004359928,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004359853\/revisions\/1004359928"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004348153"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004359853"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004359853"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004359853"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}