FM Sells Jayco’s Middlebury Land

FM Stone Commercial’s John Letherman, CCIM, recently assisted Jayco, Inc. in the sale of 14.29 acres at State Road 13 and the Toll Road in Middlebury. The buyer was STCR Real Estate, LLC. The property sold consists of an 11.11-acre industrial parcel and a 2.179-acre roadway parcel which was reserved for the extension of Greenfield Parkway to SR 13. SR 13 is located immediately west of the industrial parcel. Jayco formerly owned both vacant land and manufacturing buildings in the Greenfield Industrial Park. This sale is the final disposition of all Jayco parcels in the Greenfield Industrial Park area.

Because of extensive new industrial building in Greenfield Industrial Park, the roadway parcel has drawn the attention of the Elkhart County Economic Development Corporation (EDC). The EDC has proposed a project which would extend Greenfield Parkway to SR 13, thereby connecting the businesses in Greenfield Industrial Park directly with the Middlebury Toll Road Interchange which lies immediately west of SR 13. STCR has indicated a desire to work in cooperation with any effort to extend Greenfield Parkway to SR 13 at the Toll Road Interchange. At the present time, the EDC is working with the Indiana Department of Commerce and INDOT to gain assistance with the extension of Greenfield Parkway.

Jayco employs nearly 1,600 people who make camping trailers, travel trailers, fifth wheels, motor homes and toy trailers. Jayco products are distributed by a network of over 300 dealers in the United States and Canada. 

About FM Stone Commercial

FM Stone Commercial is one of the largest and most experienced real estate firms in Northern Indiana. From its headquarters in Elkhart County, it services a market area of Northcentral Indiana and Southwest Michigan. FM Stone Commercial agents combine market knowledge and technological sophistication, delivering unsurpassed professional commercial real estate services to clients. Serving with honor and integrity, FM Stone uses teamwork to help clients make wiser, better informed decisions, resulting in maximum real estate values. For further information, visit www.fmstone.com.

About Jayco Inc.

Jayco is the world’s largest privately held manufacturer of recreation vehicles. The company manufactures and markets RVs under the Jay Series, Baja, Jay Feather, White Hawk, Jay Flight, Swift, Skylark, Eagle, Eagle Super Lite, Pinnacle, Octane ZX, Seismic, Greyhawk, Melbourne, Seneca, and Embark brand names. For more information on Jayco, visit www.jayco.com. 

FM Stone’s Pete Letherman Accepted as SIOR

Pete Letherman, CCIM, Senior Vice President at FM Stone Commercial, has been accepted into The Society of Industrial and Office Realtors (SIOR). SIOR is the world’s leading professional commercial and industrial real estate association. With more than 3,000 members in more than 630 cities in 29 countries, SIOR represents today's most knowledgeable, experienced and successful commercial real estate brokerage specialists. With the addition of Letherman’s SIOR designation, FM Stone now has five of its seven brokers holding designations to this prestigious organization.

Letherman joined FM Stone Commercial in 1995, shortly after receiving his degree in Business Administration from the University of Notre Dame. Licensed in both Indiana and Michigan, Letherman specializes in the acquisition and disposition of industrial and investment properties located in Northern Indiana and Southwest Michigan. He is a fourth generation realtor who also has extensive experience in retail and land development, having completed multiple transactions for companies seeking locations throughout northern Indiana and southwest Michigan.

Real estate professionals who have earned the SIOR designation are recognized by corporate real estate executives, commercial real estate brokers, agents, lenders and other real estate professionals as the most capable and experienced brokerage practitioners in the market. A professional affiliate of the National Association of Realtors (NAR), SIOR is dedicated to the practice and maintenance of the highest professional and ethical standards. SIOR maintains a commitment to business and industry by providing outstanding professional services, publications, and educational programs.

In 2000, Letherman also earned the Certified Commercial Investment Member (CCIM) designation. CCIMs have completed a designation curriculum that covers ethics, interest-based negotiation, financial analysis, market analysis, user-decision analysis, and investment analysis for commercial investment real estate. CCIMs must complete a portfolio demonstrating the depth of their commercial real estate experience and sit for a comprehensive examination.

Letherman is also passionately involved in the Sweet Pea Foundation (sweetpeafoundation.org), an organization he and his wife Suzanne founded in 2003 in the memory of their daughter Grace Elizabeth Letherman. The Sweet Pea Foundation supports organizations and charities that help sick children and their families. The nonprofit gives back 100% of its contributions. To date it has donated almost 7,750 toys, 700-plus books and hundreds of items sick children might find happiness in receiving. 

FM Stone Leases North Pointe Space to Elkhart’s RV Parts Nation

FM Stone Commercial recently negotiated the deal to move RV Parts Nation into North Pointe shopping center at Exit 92 on the Indiana Toll Road. The company, a seller of RV parts and accessories, moved into the former Martin’s Supermarket space at 3267 Northview Drive in Elkhart. The store officially opened August 1.

The 47,253 SF space, located just off SR 19 (Cassopolis Street) on the north side of the city, includes loading docks, processing and storage areas, large well-lit display areas and lots of dedicated parking in front of the store. RV Parts Nation joins Kmart as the second anchor tenant in the center.

RV Parts Nation is a family-owned business that has been operating successfully in the Elkhart area for over 25 years. The company moved to North Pointe from its former quarters at the corner of Bristol Street and Highland Boulevard in Elkhart. It plans to continue to operate a full- service camping and RV retail store catering to the RV public.

“We plan to offer an expanded line of parts and new equipment for the RV enthusiast,” said Brandon Ambris, president of RV Parts Nation. “We are delighted to be a part of the North Pointe community and look forward to many years of successful service to the RV and camping communities from our new location right at the Exit 92 Toll Road Interchange.”

FM Stone’s Brent Miller, SIOR, represented RV Nation in the deal and FM Stone’s John Letherman, CCIM, represented the landlord, EIG North Pointe LLC. 

FM Stone Sells 102,062 SF Industrial Facility

Pete Letherman, CCIM, Senior Vice President with FM Stone Commercial sold the former Pilgrim plant at 14489 US 20 in Middlebury to investor Chicago Lands, LLC. The 102,062-square-foot industrial facility is on 16 acres. The building was once home to Marlette Homes, a Coachman company, in the 1980s.

The seller, HNHB, LLC, had been leasing the building to Bullseye Industrial Sales. Bullseye is now leasing space at 221 W. US 20 in Middlebury. Chicago Lands LLC intends to lease its new space to a tenant in the metals business. 

FM Stone Puts Truck City in New Home

FM Stone’s Bill Kuhns, SIOR, leased the 5,419 SF building at 2830 Dexter Drive in Elkhart to Truck City in early July. The company is leasing with intent to purchase the building.

The facility has 2.5 acres that will allow the company to plan for future expansion. Truck City is a family-owned Elkhart company that has been in business for 15 years. The company specializes in the installation of 5th wheel hitches, electrical and exhaust systems, nerf bars and other truck accessories.