Indianapolis Business Journal: Sprawling Cottage Home industrial complex attracts buyer

Published 1/20/15 - by Scott Olson A local developer has agreed to buy a large industrial complex near Massachusetts Avenue and plans to convert part of the building into retail and restaurant space. Teagan Development Inc. is buying the 539,000-square-foot building from the National Bank of Indianapolis and expects to take possession within a few months, company President Larry Jones said. Known as the Circle City Industrial Complex, the sprawling property is bounded by Brookside and Massachusetts avenues near 10th Street. The area, which serves as the entrance to the Cottage Home neighborhood, is beginning to experience a rebirth, thanks to a couple of residential projects. “This building and this location have the bones for what I call the next overnight sensation,” Jones said. “It’s an area where the residents of Cottage Home have put 25-plus years into turning that neighborhood around.” READ THE ENTIRE ARTICLE AT IBJ.COM