PORTAGE – Tobin Development and TCB Development, developers of Midpoint USA at Ameriplex at the Port, was recognized by NAIOP, the Commercial Real Estate Development Association’s Chicago Chapter, as a finalist for the Industrial Speculative Development of the Year.
Although it did not win, Midpoint USA captured the judges’ attention as the only Indiana building among the honorees. Midpoint is the largest speculative industrial building developed in Northwest Indiana. It has 574,249 square feet and represents a $22 million investment. It sits on 31 acres with an adjoining 23 acres for anticipated growth.
BP leased the building in December 2009.
“Midpoint USA is just one example of the cost savings and benefits of building and locating businesses in Northwest Indiana. We were thrilled to be in the running for such a prestigious award given the economy of the last 18 months,” said Kevin Tobin, president of Tobin Development.
Wonderfully informative.