December 19, 2017
SOUTH BEND - Jeff Smoke, Director of Development at Great Lakes Capital, announced today the purchase of 18 acres of land at 3518 Sheffield Avenue in Hammond, Indiana.
The property is strategically located in Northwest Hammond, just minutes from the Illinois border. Situated only 1,500 feet to the toll road on ramp at Calumet Avenue and five miles to I90 and I94, the property offers unparalleled access to major transportation routes. The developer plans to construct a 225,000 s.f. speculative industrial building on the site, divisible into 50,000 s.f. units. The building will be a modern, precast green facility with 32’ clear ceiling heights and 50’ x 50’ column spacing; 10 truck docks expandable to 40 with 3 drive in doors and a 50’ x 60’ loading bays; and parking capacity for 60 trucks and 186 cars. The project is ideal for manufacturing, logistics and distribution companies.
"The Sheffield parcel is very well located next to all the major interchanges and the Illinois Border,” said Jeff Smoke, Director of Development at GLC. “The parcel is also unique because it has never been built on and the size allows for a 225,000 s.f. building."
3518 Sheffield is now part of the Park Development Partners portfolio.
Park Development Partners owns, develops, leases and manages industrial properties in Northwest Indiana. The Managing Directors of PDP work with clients to bring them the best solutions for their industrial property needs including helping them to identify tax credits and other financial incentives through their relationship with the Indiana Economic Development Corporate and local entities. To learn more visit the company’s website at parkdevelopmentpartners.com.