INDIANAPOLIS (January 8, 2008) – Lauth, one of the nation’s leading real estate developers, today announced that Bart Book, SIOR and Jeff Castell, SIOR, CCIM from Colliers Turley Martin Tucker (CTMT) will serve as exclusive agents for Westpoint Business Park. Westpoint is strategically located on 555 acres in the Plainfield submarket at I-70 and State Road 39 and offers easy access to the Indianapolis International Airport. It will feature ten Class A distribution buildings, ranging in size from 500,000 square feet (SF) up to 1.4 million SF. Upon completion, Westpoint Business Park will house over 7.1 million SF.
“Lauth and CTMT pair one of the preeminent industrial brokerage teams with one of the largest bulk distribution developments in the Midwest,” says Tag Birge, Regional Director of Midwest Development at Lauth. “The combined experience of Lauth and CTMT will greatly increase the success of Westpoint Business Park and its benefits to the area economy.”
Bart Book is a Principal, Sr. Vice President, and Manager of CTMT’s Indianapolis office. Book’s work with Lauth at Eaglepoint Business Park in Brownsburg includes 1.7 million SF of leases to Best Buy, Sur la Table, TJX Companies, and Guitar Center; and the sale of a 405,597 SF facility to O’Reilly Auto Parts.
Jeff Castell is a Principal and Sr. Vice President at CTMT’s Indianapolis office. Jeff has 22 years experience in industrial sales and leases. He has been honored as the company’s Commercial/Industrial Associate of the Year, Top Industrial Producer and Top Producer of the Year.
“Marketing Westpoint is a continuation of a great relationship between Lauth and CTMT,” said Book. “Westpoint is perfectly located to attract national companies to this thriving distribution corridor. We are excited to be a part of another successful Lauth development.”
Construction on the first building begins later this year. Westpoint One will be a 546,000 SF cross docked facility that features 32 foot clear height, 48-dock doors and on-site trailer parking. It is expandable to over one million SF.
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About Lauth
Since 1977, Lauth has been building facilities for clients to lease or own throughout the United States. Lauth’s years of solid experience, coupled with completed projects worth billions, make it a leading national development and construction firm. Lauth delivers virtually any type of facility including healthcare, industrial, office, and retail from offices in Indianapolis, Charlotte, Dallas, Denver, Orlando and Phoenix. Additional Lauth information is available at www.lauth.net. People. Trust. Experience. ®
About Colliers Turley Martin Tucker
One of the nation’s largest privately held, full-service commercial real estate firms, Colliers Turley Martin Tucker (CTMT) handles more than $5 billion in annual real estate transactions and manages over 212 million square feet of industrial, office, and retail space. CTMT has approximately 1,200 associates of which 450 are licensed real estate professionals throughout its regional offices in Cincinnati, Columbus, and Dayton, OH: Indianapolis, IN; Kansas City, MO; Minneapolis/St. Paul, MN; Nashville, TN, and St. Louis MO. For more information about Colliers Turley Martin Tucker, visit our website at www.ctmt.com.