WHITELAND, Ind., June 10, 2020 /PRNewswire/ -- 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 Tires in Whiteland, Indiana, situated in the metro-Indianapolis area. Cooper Tires, 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 Tires' 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.
About Mohr Capital
Mohr Capital is a privately held real estate investment firm specializing in the acquisition, development and value enhancement of office, industrial and retail assets throughout the U.S. The Mohr Capital team has decades of experience in commercial real estate and has completed more than $1 billion in transactions. Guided by a value-driven strategy and an entrepreneurial spirit, the company relies on strong, long-term relationships and possesses keen market insights needed to capitalize on undervalued or underperforming properties. With its family office structure, Mohr Capital can close quickly and has a proven track record of delivering the highest risk-adjusted returns.
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SOURCE Mohr Capital