Index Investment Group & OX Group Lease 70,000 SF Industrial/Manufacturing Space to a division of PepsiCo
Index Investment Group and OX GROUP have signed a 10-year, 70,000 SF (approx. 6,500 M2) turnkey design-build-lease with Rolling Frito-Lay Sales, LP, a division of PepsiCo at their New Venture Gear Industrial Campus in Dewitt, NY with multiple renewal options. All the combined leases in addition to the FedEx Ground development on the property have helped create and revive over 700 jobs to the local community and state.
DEWITT, N.Y., April 13, 2021 /PRNewswire-PRWeb/ -- Index Investment Group and OX GROUP have signed a 10-year, 70,000 SF (approx. 6,500 M2) turnkey design-build-lease with Rolling Frito-Lay Sales, LP, a division of PepsiCo at their New Venture Gear Industrial Campus in Dewitt, NY with multiple renewal options. All the combined leases in addition to the FedEx Ground development on the property have helped create and revive over 700 jobs to the local community and state.
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) with ceiling heights ranging from 16' to 22'7" clear, CSX Intermodal Rail access, 30+ loading docks, on-site wastewater treatment plant, electric substation with dual transmission lines at below market costs, and immediate frontage to I-90 and major highways, minutes away from Syracuse, NY. The property has an additional 250,000 SF of contiguous developable space for future expansion.
"This design-build collaboration between us and PepsiCo has presented us with an exciting ability to further enhance a showcase property that continues to bloom as a leading economic engine for the Centerstate New York Market. Pepsi/Frito-Lay will be joining a campus that is rooted in long term, high-quality companies that lead their industries and provide long-term opportunity, employment and stability to this re-evolving cornerstone. We're proud to have forged this relationship and trust, and we look forward to a lengthy tenure of mutual success and growth." - Robert J. Trafford
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-four developments throughout North America since 2011.
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 and senior living communities. Index Investment 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, 561-571-0367, [email protected]
SOURCE Index Investment Group
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