Sephora Selects VanTrust to Develop Project at Avon Landings Commerce Park

Sephora Selects VanTrust to Develop Project at Avon Landings Commerce Park

New warehouse and distribution center in Avon seeks LEED Silver: US prestige beauty retailer partners with VanTrust to build a facility for its Midwest distribution

COLUMBUS, Ohio, July 10, 2024 VanTrust Real Estate, LLC is set to begin construction on a build-to-suit facility for Sephora, the leading prestige beauty omni-retailer in the US. The 746,672 square-foot structure will be located on 61 acres at Avon Landings Commerce Park in Avon, IN, and will serve as Sephora's Midwest distribution center. The targeted completion date is summer 2025. This is VanTrust's second project with Sephora, with the first facility completed in Las Vegas.

"This is a significant project for VanTrust, and we appreciate the relationship we have built with the Sephora team," said Phil Rasey, vice president of development at VanTrust. "We are thrilled that Sephora has once again chosen to partner with VanTrust, and we appreciate their confidence in our ability to successfully deliver the project in a timely manner. Avon Landings is a 119-acre master-planned Park with a prime location, near Indianapolis, a dynamic market we continue to invest in. We are pleased that Sephora, one of the best-known retail brands in the world, has chosen to locate its distribution center here."

"Avon Landings is a 119-acre master-planned Park with a prime location, near Indianapolis, a dynamic market we continue to invest in. We are pleased that Sephora, one of the best-known retail brands in the world, has chosen to locate its distribution center here."

Avon Landings Commerce Park is located on Ronald Reagan Parkway in the Town of Avon, IN. Development of the Park was planned in two phases. Two years ago, VanTrust acquired 58 acres on a former regional airport, and broke ground on the first of three speculative buildings scheduled for Phase I. Building 1, totaling 332,000 square feet, has been completed. Development of sites for Buildings 2 and 3 will offer approximately 400,000 square feet when completed. VanTrust subsequently acquired an additional 61 acres for Phase 2 of the project. The Sephora building is taking all of the Phase 2 site.

"Sephora is proud to be able to grow our network of distribution centers to continue to elevate our consumer experience. A multi-state search culminated in selection of Avon Landings Commerce Park as the ideal site for our Midwest distribution center," said Joe Zarzycki, VP of Planning & Engineering for Sephora. "Its proximity to a large metropolitan area and transportation hubs will provide direct access to our customers throughout the country. We look forward to the completion of the project and appreciate our continued relationship with VanTrust."

Ryan Cannon, town manager for the Town of Avon, noted, "We were very pleased to partner with VanTrust in the creation of Avon Landings Commerce Park, and are thrilled to welcome a nationally recognized company like Sephora to the area. This project aligns with our focus of attracting companies to our region that will not only provide jobs but will also help to stimulate the local economy."

The general contractor for the project is Pepper Construction. MacGregor Architects is the architect, with American Structurepoint designated as the civil engineer. Brokers representing Sephora were Toby Mink and Andrew Morris of CBRE.

About VanTrust Real Estate

VanTrust Real Estate, LLC is a full-service real estate development company. The company acquires and develops real estate assets for the Van Tuyl family portfolio and offers a broad range of real estate services including acquisition, disposition, development, development services, corporate services, and asset enhancement. Product types include office, industrial, multifamily, mixed-use and science + technology. VanTrust works nationally with regional offices in Columbus, Dallas, Phoenix, Jacksonville and Salt Lake City with its headquarters in Kansas City, Missouri. For more information, visit www.vantrustre.com.