Index Investment Group and OX GROUP have signed a 10-year, 60,800 SF (approx. 5,648 M2) build-to-suit warehouse space with PODS Enterprises, LLC at their New Venture Gear Industrial Campus in East Syracuse (Dewitt), NY with two five-year renewal options. A leader in the moving and storage industry, PODS offers flexible moving and storage container solutions for customers across the U.S., Canada, Australia, and the U.K. PODS has completed more than six million deliveries since its founding in 1998 and currently operates out of 12 Storage Centers in New York.
DEWITT, N.Y., May 23, 2022 /PRNewswire-PRWeb/ -- Index Investment Group and OX GROUP have signed a 10-year, 60,800 SF (approx. 5,648 M2) build-to-suit warehouse space with PODS Enterprises, LLC at their New Venture Gear Industrial Campus in East Syracuse (Dewitt), NY with two five-year renewal options. A leader in the moving and storage industry, PODS offers flexible moving and storage container solutions for customers across the U.S., Canada, Australia, and the U.K. PODS has completed more than six million deliveries since its founding in 1998 and currently operates out of 12 Storage Centers in New York.
This year, PODS will join PepsiCo on site alongside the new Rolling Frito-Lay Facility being built by the same property ownership. The historical industrial campus is today a significant food-grade facility.
New Venture Gear Industrial Campus is a 109+ acre large-scale industrial, manufacturing, distribution and logistics facility that features over 1,703,000 SF (approx. 158,000 m2), CSX Intermodal Rail access, nearly 100 loading docks, on-site wastewater treatment plant, electrical substation with dual transmission lines at below market rates, and immediate frontage to I-90 and major highways. The campus is in the heart of the I-90/I-81 logistical corridor in East Syracuse. The ownership is now constructing a new, 250,000 SF building with 32 foot clear height ceilings, 40 foot column spacing, ESFR fire suppression, and plenty of additional loading docks. With PODS taking Suite 400, the ownership will now begin marketing the additional 150,000 SF suite within this new building, all for 2022 access.
"We are extremely grateful for the opportunity to continue to grow with PODS in providing a build-to-suit facility to accommodate their expansion into the Centerstate New York Market. PODS will be joining a campus that is rooted in high quality, industry leading companies that provide long-term opportunity, employment, and stability to this vital campus. Their arrival helps to launch our critical expansion within this campus with the construction of a modern 250,000 SF logistical facility that will house the PODS space as well as an additional 150,000 SF tenancy opportunity for years to come. The complete transformation of this campus is being brought to full fruition, and we couldn't be both more proud or more excited to see it all coming together." - Robert J. Trafford, OXG LLC
"As PODS' nationwide growth continues, this new Storage Center provides additional space that will allow us to better serve our customers throughout the region," said Daniel Knafo, Director of Real Estate. "Index Investment Group and OX Group have been great partners and have worked alongside our teams to design this facility specifically for our operations. We look forward to the expanded space and capabilities this new location will provide."
Index has made numerous significant investments in industrial/logistics facilities and multi-family rental communities along the East Coast of the United States. The Jupiter-based real estate investment company has ongoing and completed twenty-five developments throughout North America since 2011, including nearly 3 million square feet of commercial-industrial opportunities in this Upstate New York market.
About Index Investment Group
Index Investment Group is a dynamic real estate investment group based in Jupiter, Florida that has major investment initiatives throughout North America including apartment communities, industrial/logistics, office, hospitality, and senior living communities. Index Investment Group develops intelligently designed properties throughout the East Coast of United States with a focus on Florida and contributes to the community through valuable and meaningful investments. For more information about Index Investment Group, visit http://www.indexinvest.com.
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Media Contact
Joacim Borg, Index Investment Group, +1 561-571-0367, [email protected]
SOURCE Index Investment Group
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