Winners were selected by a panel of more than
660 esteemed industry professionals across 128 markets at the third
annual commercial real estate awards
WHITELAND, Ind., April 8,
2024 /PRNewswire/ -- Mohr Logistics Park (MLP) was
named the 2024 "Commercial Development of the Year" CoStar Impact
Award winner in the Indianapolis
market. This year's winners of the CoStar Impact Awards — chosen
for their growth, diversification, and ability to overcome unique
challenges in their markets — were selected from a panel of more
than 660 industry professionals drawn from each respective
market.
In the heart of Whiteland, IN,
MLP spans 475 acres and is a testament to the innovation that has
redefined the Indianapolis MSA's industrial capabilities. The
initial land acquisition in June of 2020 laid the groundwork for a
business park that now houses high-quality industrial tenants like
Cooper Tire (Goodyear), NFI Industries, and DHL.
The master plan included eleven Class A structures, with varying
sizes and specifications to meet growing logistics demands. Mohr
Capital embraced sustainability, environmental responsibility, and
various technological initiatives in developing the park's
state-of-the-art amenities, such as EV chargers, enhanced HVAC that
uses less gas than a traditional Make-Up Air Unit, upgraded dock
equipment, walking paths and the potential for a solar array
field.
On April 1, 2023, an EF-3 tornado
ripped through Lot 6, a recently completed one-million square-foot
warehouse—the largest building in the park at the time—and the
nearby community, leaving a trail of destruction that stretched for
miles.
In the disaster's aftermath, Mohr Capital sent a cleaning crew
of 50 helpers, dumpsters, and other equipment to the neighboring
farm to help in the massive cleanup effort. Mohr also jumped into
action on the cleanup and rebuild of Lot 6 — and the entire
million-square-foot warehouse was rebuilt in only seven months.
This resilience in the face of adversity echoed the collaborative
spirit that marked MLP's inception. The public/private partnership
with the Town of Whiteland also
played a pivotal role in the recovery efforts.
From its bold master plan to its generous community
collaboration in the face of disaster, Mohr Logistics Park stands
as a testament to what is possible when vision meets execution. As
Mohr Capital CEO and Indiana
native Bob Mohr would say, Mohr
Logistics Park is "Hoosier Owned and Hoosier Strong."
That sentiment has proved true exactly a year later, with MLP's
triumphant CoStar Impact Award recognition.
"Mohr Capital's response to a natural disaster proved how
valuable it is to have a professional and competent team," said
Gary Horn, the chief development
officer at Mohr Capital. "Mark Writt
with CBRE and Sam Fugate with Pepper
Construction were on site and directing activities within hours of
the disaster. Denney Construction brought a team to deal with the
massive clean-up of Mohr's site and adjoining neighbors. Everyone
involved with MLP development contributed and proved that having
the right team makes all the difference. Indiana's Hoosier "can do" spirit turned a
natural disaster into a successful development. I cannot thank the
team enough."
The CoStar Impact Awards recognize exemplary commercial real
estate transactions and projects completed in 2023 that have
significantly influenced neighborhoods or submarkets across 128
major international markets in the United
States, Canada, and the
United Kingdom. The awards honored over 380 winners for their CRE
transactions across five categories: Lease of the Year,
Sale/Acquisition of the Year, Commercial Development of the Year,
Multifamily Development of the Year and Redevelopment of the
Year.
"Now in its third year, the CoStar Impact Awards are an
incredible opportunity to recognize the real estate projects
fundamentally transforming the industry landscape," said
Andy Florance, Founder and Chief
Executive Officer of CoStar Group. "Our diverse panel of judges
worked diligently to identify the most impactful commercial real
estate projects across a range of categories that are shaping the
future of the industry and the communities in which they serve.
It's an honor to recognize the companies and projects propelling
the real estate sector forward."
To learn more about the CoStar Impact Awards and review the full
list of winners, visit www.CoStarImpactAwards.com/.
About Mohr Capital
Mohr Capital is a privately
held real estate investment firm specializing in the acquisition,
development and value exchange of office, industrial, healthcare,
hospitality and retail assets throughout the U.S. The Mohr Capital
team has decades of experience in commercial real estate and has
completed more than $2.5 billion in
transactions. Guided by a value-driven strategy and an
entrepreneurial spirit, the company relies on strong, long-term
relationships and possesses keen market insights needed to
capitalize on undervalued and underperforming properties. With its
family office structure, Mohr Capital can close quickly and has a
proven track record of delivering the highest risk-adjusted
returns.
To learn more about Mohr Capital, visit:
https://www.mohrcap.com
About CoStar Group
CoStar Group (NASDAQ: CSGP) is a
leading provider of online real estate marketplaces, information,
and analytics in the property markets. Founded in 1987, CoStar
Group conducts expansive, ongoing research to produce and maintain
the largest and most comprehensive database of real estate
information. CoStar is the global leader in commercial real estate
information, analytics, and news, enabling clients to analyze,
interpret and gain unmatched insight on property values, market
conditions and availabilities. Apartments.com is the leading online
marketplace for renters seeking great apartment homes, providing
property managers and owners a proven platform for marketing their
properties. LoopNet is the most heavily trafficked online
commercial real estate marketplace with over twelve million monthly
global unique visitors. STR provides premium data benchmarking,
analytics, and marketplace insights for the global hospitality
industry. Ten-X offers a leading platform for conducting commercial
real estate online auctions and negotiated bids. Homes.com is the
fastest growing online residential marketplace that connects
agents, buyers, and sellers. OnTheMarket is a leading residential
property portal in the United
Kingdom. BureauxLocaux is one of the largest specialized
property portals for buying and leasing commercial real estate in
France. Business Immo is
France's leading commercial real
estate news service. Thomas Daily is
Germany's largest online data pool
in the real estate industry. Belbex is the premier source of
commercial space available to let and for sale in Spain. CoStar Group's websites attract over
100 million unique monthly visitors. Headquartered in Washington, DC, CoStar Group maintains offices
throughout the U.S., Europe,
Canada, and Asia. From time to time, we plan to utilize
our corporate website, CoStarGroup.com, as a channel of
distribution for material company information. For more
information, visit CoStarGroup.com.
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SOURCE Mohr Capital