New warehouse and distribution center in Avon seeks LEED Silver: US prestige beauty
retailer partners with VanTrust to build a facility for its Midwest
distribution
COLUMBUS, Ohio, July 10,
2024 /PRNewswire-PRWeb/ -- VanTrust Real Estate,
LLC is set to begin construction on a build-to-suit facility
for Sephora, the leading prestige beauty omni-retailer in the
US. The 746,672 square-foot structure will be located on 61 acres
at Avon Landings Commerce Park in Avon,
IN, and will serve as Sephora's Midwest distribution center.
The targeted completion date is summer 2025. This is VanTrust's
second project with Sephora, with the first facility completed in
Las Vegas.
"Avon Landings is a 119-acre master-planned
Park with a prime location, near Indianapolis, a dynamic market we continue to
invest in. We are pleased that Sephora, one of the best-known
retail brands in the world, has chosen to locate its distribution
center here."
"This is a significant project for VanTrust, and we appreciate
the relationship we have built with the Sephora team," said
Phil Rasey, vice president of
development at VanTrust. "We are thrilled that Sephora has once
again chosen to partner with VanTrust, and we appreciate their
confidence in our ability to successfully deliver the project in a
timely manner. Avon Landings is a 119-acre master-planned Park with
a prime location, near Indianapolis, a dynamic market we continue to
invest in. We are pleased that Sephora, one of the best-known
retail brands in the world, has chosen to locate its distribution
center here."
Avon Landings Commerce Park is located on Ronald Reagan Parkway
in the Town of Avon, IN.
Development of the Park was planned in two phases. Two years ago,
VanTrust acquired 58 acres on a former regional airport, and broke
ground on the first of three speculative buildings scheduled for
Phase I. Building 1, totaling 332,000 square feet, has been
completed. Development of sites for Buildings 2 and 3 will offer
approximately 400,000 square feet when completed. VanTrust
subsequently acquired an additional 61 acres for Phase 2 of the
project. The Sephora building is taking all of the Phase 2
site.
"Sephora is proud to be able to grow our network of distribution
centers to continue to elevate our consumer experience. A
multi-state search culminated in selection of Avon Landings
Commerce Park as the ideal site for our Midwest distribution
center," said Joe Zarzycki, VP of
Planning & Engineering for Sephora. "Its proximity to a large
metropolitan area and transportation hubs will provide direct
access to our customers throughout the country. We look forward to
the completion of the project and appreciate our continued
relationship with VanTrust."
Ryan Cannon, town manager for the
Town of Avon, noted, "We were very
pleased to partner with VanTrust in the creation of Avon Landings
Commerce Park, and are thrilled to welcome a nationally recognized
company like Sephora to the area. This project aligns with our
focus of attracting companies to our region that will not only
provide jobs but will also help to stimulate the local
economy."
The general contractor for the project is Pepper
Construction. MacGregor Architects is the architect, with American
Structurepoint designated as the civil engineer. Brokers
representing Sephora were Toby Mink
and Andrew Morris of CBRE.
About VanTrust Real Estate
VanTrust Real Estate, LLC is a full-service real estate
development company. The company acquires and develops real estate
assets for the Van Tuyl family
portfolio and offers a broad range of real estate services
including acquisition, disposition, development, development
services, corporate services, and asset enhancement. Product types
include office, industrial, multifamily, mixed-use and science +
technology. VanTrust works nationally with regional offices in
Columbus, Dallas, Phoenix, Jacksonville and Salt Lake City with its headquarters in
Kansas City, Missouri. For more
information, visit www.vantrustre.com.
Media Contact
Kate Troske, VanTrust Real
Estate, 1 816-569-1438, kate.troske@vantrustre.com,
www.vantrustrealestate.com
Marcy Fleisher, Team Fleisher
Communications, 1 6143970032, marcy@teamfleisher.com,
www.teamfleisher.com
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SOURCE VanTrust Real Estate