For Amazon, the prairie and grasslands around DIA is prime real estate.
Late last month, the tech and retail giant spent approximately $5 million on a roughly 13-acre site for additional trailer parking for its adjacent warehouse in unincorporated Adams County. The land sits a little over two miles south of the airport, near the corner of 64th Avenue and Powhaton Road.
Ambrose Property Group, an Indianapolis-based industrial investor and developer, was the seller in the deal, which went for around $8 a square foot for the land.
Amazon declined to comment.
The property sits in the DIA Logistics Park campus, which spans 226 acres and eight buildings, most of which are still in the planning stage. In October, Amazon purchased the only constructed building, a 625,000-square-foot warehouse along with adjacent land to the south and east for $96 million.
That property sits immediately north of Amazon’s most recent purchase, and brings its total footprint up to 86 acres in the park, an Ambrose spokesman said in an email.
The land south of DIA has attracted much attention from developers, due to its easy access to E-470, Interstate 70 and the airport itself. Development to the north and east of the airport is also coming, as it’s expected that the airport will add a fourth concourse sometime in the future.
For Amazon, the prairie and grasslands around DIA is prime real estate.
Late last month, the tech and retail giant spent approximately $5 million on a roughly 13-acre site for additional trailer parking for its adjacent warehouse in unincorporated Adams County. The land sits a little over two miles south of the airport, near the corner of 64th Avenue and Powhaton Road.
Ambrose Property Group, an Indianapolis-based industrial investor and developer, was the seller in the deal, which went for around $8 a square foot for the land.
Amazon declined to comment.
The property sits in the DIA Logistics Park campus, which spans 226 acres and eight buildings, most of which are still in the planning stage. In October, Amazon purchased the only constructed building, a 625,000-square-foot warehouse along with adjacent land to the south and east for $96 million.
That property sits immediately north of Amazon’s most recent purchase, and brings its total footprint up to 86 acres in the park, an Ambrose spokesman said in an email.
The land south of DIA has attracted much attention from developers, due to its easy access to E-470, Interstate 70 and the airport itself. Development to the north and east of the airport is also coming, as it’s expected that the airport will add a fourth concourse sometime in the future.