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NAIOP 2016 Best Industrial Transaction

Colliers International announced today that IU Health’s new Integrated Service Center, a project Colliers brokered for its client IU Health, captured honors as the Best Industrial Transaction of 2016 at NAIOP Indiana Chapter’s Annual Real Estate Awards.

NAIOP – the international association of developers, owners and professionals of commercial, industrial and mixed-use real estate – hosts its annual awards to recognize the year’s stand-out projects. These distinguished awards are based on extensive criteria, saluting projects that exhibit high achievement in aesthetics, functionality, design creativity, site selection, complexity, economic and positive contribution to the surrounding community.

IU Health commenced an extensive realignment of its supply chain to reduce redundancies and overhead costs of its 8 separate warehouses and to merge its non-medical administrative operations. The company envisioned an oversized flex facility to accommodate expanded warehouse requirements plus headquarter-caliber office space to integrate various service departments. Location-wise, the new center needed to be centrally located to support 15 hospitals, 25 surgery centers and 200+ clinics across the state.

IU Health retained Colliers brokers Cam Kucic and Matt McGrady for site selection and transaction advisory. Once a build-to-suit path was determined, Hitesh Patel, head of Colliers Project Management division in Indianapolis, worked alongside Browning/Prologis Joint Venture to develop the project at 390 AirTech Parkway, Plainfield, Indiana.

The resulting Service Center is a custom-engineered 293,423-square foot facility with 35,000 square feet of office space. With the office-leaning exterior and other amenities – including on-site nature trail and an inviting activity/picnic lawn area – the facility establishes a new standard for hospital warehousing, and is set to be one of the most sophisticated hospital-run supply chain in the U.S.

About IU Health
Named among the "Best Hospitals in America" by U.S. News & World Report for 19 consecutive years, Indiana University Health is dedicated in providing a unified standard of preeminent, patient-centered care. A unique partnership with Indiana University School of Medicine – one of the nation's leading medical schools – gives our highly skilled physicians access to innovative treatments using the latest research and technology.