C5 Indianapolis East, a 1.2-million-square-foot warehouse at 6437 Enterprise Drive, was listed on a seller disclosure form dated Aug. 20 as being transferred to Walmart Fufillment Services. Core5 Industrial Partners
C5 Indianapolis East, a 1.2-million-square-foot warehouse at 6437 Enterprise Drive, was listed on a seller disclosure form dated Aug. 20 as being transferred to Walmart Fufillment Services. Core5 Industrial Partners
Walmart has filed a sales disclosure form for a warehouse in Buck Creek Township at the sale price of $108 million.

A sales disclosure form filled out Aug. 20 shows that C5 Indianapolis East building, located at 6437 Enterprise Drive in McCordsville, was transferred from C5 Indianapolis East LLC to Walmart Fulfillment Services LLC. C5 Indianapolis East is one of five buildings in East 70 Logistics Park, an industrial logistics park on Mt. Comfort Road.

The building has a listed area of 1,236,162 square feet, which was constructed as the largest speculative industrial building in the Indianapolis area a couple of years ago.

Walmart’s fulfillment services division allows e-commerce sellers to streamline their selling by using Walmart’s service to offer fast shipping for products, competing with other brands such as Amazon and eBay.

C5 Indianapolis East is across the street from Walmart’s 2.2 million square foot e-commerce distribution center, which opened in June 2023 and is one of Walmart’s “next generation facilities” that brings an increased focus on automation to streamline shipping and delivery of products. Other next generation facilities for Walmart are in Illinois, Texas and Pennsylvania, with one opening in California in 2026. Walmart representatives says the company’s overall fulfillment network allows for 95% of the U.S. population to have next- or two-day shipping options.

In July, Hancock County Council denied Walmart’s request for a tax abatement on $440 million of personal property to be installed in its e-commerce distribution center. During that meeting, Walmart’s senior leader of tax incentives, Greg Nunn, told the council Walmart was looking at adding a second supply chain location in Hancock County.

“That’s just a testament to how pleased we are with not only just the county, the treatment of the county, also the workforce that the county produces,” Nunn said at that meeting. “We’re going to continue to grow in the county.”

C5 Indianapolis East currently is on the first year of a ten-year tax abatement for the spec warehouse for the year 2025.

Steve Schwegman, executive managing director at JLL Indianapolis, a real estate service company, said the transaction is a sign that businesses are more confident in the market after a couple of years of high inflation.

Schwegman said by the time all the spec warehouses were built in the county around 2022 and 2023, the demand for those warehouses had cratered; the companies wanted to set up new manufacturing, but they didn’t know what was going to happen from a larger economic viewpoint.

Easing inflation, and confidence and comfort about tariff conversations at the national level, have led companies to become more eager to set up new manufacturing, Schwegman said.

He said in all of 2024, only 500,000 square feet in Hancock County was included in new leases that brought new companies to the county. So far in 2025, that number has jumped up to 2.7 million square feet leased to new companies.

Schwegman added there are also discussions underway to bring new companies to the county, saying 1 million to 3 million square feet of real estate could be closed by the end of 2025.

“It’s really gaining total momentum now,” he said. “We could be seeing a potential 4 or 5 million square feet total for the year (2026 for new companies), which would be 10 times what we did last year.”

Mitchell Kirk, communications director for Hancock Economic Development Council, said even though he was unable to comment specifically on the sale, HEDC is delighted by the activity and is looking forward to celebrating the announcement soon.

“We’ve also been hearing from brokers and builders we work with that activity is starting to pick up in the western part of the county as far as securing occupancy, so we’re encouraged by that as well, and certainly believe this deal in particular is part of driving that changing trend,” he said.

Recently another company, Sugar Foods Corp., stated its intent to invest $35 million and create 105 new jobs by moving into a spec warehouse and operating a new food manufacturing and distribution center in Buck Creek Township.
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