Indianapolis Airport Authority AgendaPacket Board of Directors Meeting 2026-05-15
Airport Authority Plans Land Sale to Pace Property
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Description
The Indianapolis Airport Authority plans to sell approximately 21.996 acres along Airtech Parkway East in Plainfield, Indiana, to Pace Property Holdings, LLC for $2,700,602.89. The agreement supports development of a life sciences park and fulfills obligations tied to the Airtech Parkway extension project.
Contract Details
Contract Amount
$2,700,602.89
Vendor
PACE PROPERTY HOLDINGS LLC
Agency
Indianapolis Airport Authority, IN
Contract Type
FACILITIES
Document Date
May 15, 2026
Contract Term
Inspection period 120 days from execution plus one 30-day extension option; closing within 30 days after inspection period
Renewal Date
2026-09-12
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