Mohr Capital, a Dallas-based privately held real estate investment firm, has broken ground on a one million square-foot warehouse and distribution facility for Cooper Tire in Whiteland, Indiana, situated in the metro-Indianapolis area. Cooper Tire, a leading global competitor in the tire industry, is the fifth largest tire manufacturer in North America with a primary focus in passenger car and light vehicle replacement tires.
The development comes with the move of Cooper Tire's 807,042-square-foot Franklin, Indiana, location. Gary Horn, chief investment officer for Mohr Capital, stated “Cooper’s facility in Franklin was undersized and needed additional trailer parking, which prompted the relocation to a bigger space.”
Horn and the Mohr Capital team worked closely with Mark Writt, Senior Vice President of CBRE, on the land acquisition and Whiteland Town officials to address any potential concerns the large development might present. Pepper Construction, Curran Architects and American StructurePoint will be constructing the building. “We have assembled a top-tier team for this development and their counsel was invaluable in the pre-development of this site,” says Horn.
The development is scheduled to be complete in the first quarter of 2021.