INDIANAPOLIS — Monarch Beverage Company, owned by Reyes Beverage Group, will move to a new building at 6900 English Ave. The 450,000 square foot facility will be part of a new development of the 44 acres that used to be the Ford Visteon site. The total cost for the building, equipment and land is estimated to be about $73 million. The company will also invest in infrastructurem including the construction of sidewalks to the site, as well as around the campus, which has been renamed the Thunderbird Commerce Center.
Monarch is Indiana’s largest beer distributor and has been in business about 75 years. Currently located on Pendleton Pike in a 500,000 square foot facility, Monarch plans to retain all of its 500 workers.
The company will move from the Lawrence property after it completes a 15-year lease term in late 2024. They are also expected to receive a pair of five-year tax abatements for its real and personal property, saving it about $4.58 million.
-
Other News This Week
- Register Now for Kid’s Firefighter for a Day Camp
- Indy FOP #86 Honors Fallen Officers
- FIDO Parvo Prevention Project Boosters May 11
- Indy Urban Acres Hosts Plant Sale Mother’s Day Weekend
- Halloween Festival Poster Contest Entries Needed
- This Week’s Issue: May 10-16
- IRT Announces 2024-25 Season
- Indianapolis Women’s Chorus Hosts “Seasons of Love” Concerts
- 100 Years Ago: May 10-16
- John Dillinger at Little Bohemia, Part 1
Search Site for Articles