Merrillville, IN | November 7, 2022 | The 12.4 acre lot at 8300 Clay Street has been purchased by a local development group. The new owners plan to construct storage units and light industrial warehouses on the property. The warehouses will be anywhere from 10,000 to 15,000 square feet. Construction is to begin the winter with an estimated delivery date of Q2 of 2023 for the storage unit and first warehouse.
Antony Miocic, Director of Office Group at Crown Point-based Latitude Commercial and member of the development group, represented the buyers in the transaction. “The overwhelming demand for storage units and warehousing, along with the difficulty of finding suitable land for this type of construction, made this a very desirable site. We look forward to bringing an in-demand product to the market as well as bringing jobs and businesses to the Region.”
Latitude Commercial provides commercial real estate services such as purchasing, leasing, landlord representation, tenant representation, and commercial property management throughout the states of Illinois and Indiana. To find out how we can help you, call us today at (219) 864-0200.
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