Meridian Design Build recently completed construction on a 300,000 SF climate-controlled seed storage and distribution facility for Corteva Agriscience and developer Scannell Properties in Anderson, Indiana. The new building, located at 4210 W. 67th Street, is Corteva’s largest warehouse and distribution center in North America.

The new facility is constructed on a 30-acre site and includes 100,000 square feet of refrigerated/ humidity-controlled cold storage, as well as an adjacent dry storage area accessible via high-speed roll-up doors. The building features 25 loading docks, 2 drive-in doors, a storm shelter, and 4,000 square feet of office space.

Meridian completed the project on a design/build basis, with Curran Architecture providing architectural design services and American Structurepoint Inc. handling the civil engineering design square feet

CBRE has arranged the sale of Post House, a 159-unit multifamily property in Evansville, Indiana. Prosperity Commercial Real Estate purchased the property from Scannell Properties for an undisclosed amount.

CBRE’s Hannah Ott, George Tikijian, Cam Benz, Claire Bullard and Ryan Stockamp represented the seller in the transaction.

“Our team was very pleased to represent Scannell Properties on the sale of this beautiful Class A deal in downtown Evansville,” said Ott. “We look forward to hearing about the continued success at the property and wish the new ownership well.”

Post House is located at 215 Vine St., proximate to the Ohio River Scenic Byway and several riverfront restaurants, retail centers and entertainment venues. Built in 2020, the property features a range of studio-, one- and two-bedroom floor plans averaging 894 square feet and 15 loft-style one-bedroom live/work street-level units.

Marcus & Millichap closed the sale of MedMark Medical Center, a 12,750-square-foot medical office located in Lafayette, Indiana.

The property sold for $2.6 million with a 6.6 percent cap rate. Three and a half years remain on the NN lease term with one additional five-year optional renewal. “The passive nature of the investment as well as the irreplaceable location with frontage along I-65 appealed to multiple buyers,” said Julia Evinger, first vice president investments. “The successful buyer purchased the property as a covered land play for today’s income and land value for potential redevelopment in the future.”

Evinger, an investment specialist in Marcus & Millichap’s Indianapolis office, had the exclusive listing to market the property on behalf of the seller, a regional private investor, and procured the buyer, a regional hospitality group.

MedMark Medical Center, located at 4705 Meijer Court, occupies a 3.48-acre lot in Lafayette, Indiana, home to Purdue University. It is strategically positioned within a dense retail corridor that includes national retailers and hotels.

South Korean company SK hynix, Inc., a supplier for Nvidia, will spend an estimated $3.87 billion on an Indiana chip packaging facility, the state’s largest economic development investment to date.

Governor Eric Holcomb, Secretary of Commerce David Rosenberg, Purdue University President Mung Chiang, and executives of SK hynix, a leading producer of High-Bandwidth Memory (HBM) chips, announced plans to establish a new advanced packaging fabrication and R&D facility for high-intensity and AI microelectronic products and applications.

The 430,000-square-foot facility will be located on 90 acres at the Purdue Research Park in West Lafayette. The facility will develop future generations of chips and house an advanced packaging R&D line. SK hynix’s multi-billion-dollar investment is the first of its kind in the U.S. and is expected to create 800 jobs.

“Indiana is a global leader in innovating and producing the products that will power our future economy, and today’s news is proof positive to that fact,” said Governor Holcomb.

A new luxury wellness and skin rejuvenation center is slated to open in Indiana, serving Granger and neighboring communities in South Bend and St. Joseph County.

dermani MEDSPA, a luxury medical spa backed by medical professionals, announced its newest location at 605 E University Drive. The medspa is set to open in February of 2024. dermani MEDSPAS offers laser hair removal, skin rejuvenation, and cosmetic procedures. A local husband and wife team are franchisees of the medspa brand and will be spearheading the opening to bring more accessible and quality aesthetic services to the area.

With 16 opened medical spas and an additional three locations set to open by the end of this year, the brand is actively growing and looking to expand in all markets across the U.S. dermani MEDSPA has signed franchise agreements in Fort Myers, Orlando, Sarasota, Decatur, Peachtree City, Summerhill, West Cobb, Albuquerque, Charlotte, Philadelphia, Kennesaw, Houston and Mansfield.