Former Stutz Factory Owner Turner Woodard Buys Horton Fan Factory in Carmel – Carmel Monthly Magazine

Press release

Steve Schneider, President

The White House Group, Inc.

27 Main Street S

Fortville, IN 46040 : 317/747-4777 I VS : 317/698-5900

Turner Woodard

Carmel, Indiana (USA) – January 20, 2022 – Turner Woodard announced today that it has purchased the 80,000 square foot Horton Fan Factory at 201 W. Carmel Drive. The approximately six-acre property sits in the heart of Carmel’s Central Corridor and also has frontage along the popular Monon Greenway. This is the third property Woodard has acquired in Carmel since the sale of the Stutz factory in downtown Indianapolis in February 2021. Other properties include the former Rich Furniture building and the Keltner Business Plaza.
“I find it interesting to go from factory to factory after selling the Stutz and now buying Horton. I embrace the real estate concept of “adaptive reuse” and get a lot of fun turning buildings into something unique that many other buyers would put the wrecking ball on them. Horton has good bones, so I’m happy to save him and praise him.
Carmel Mayor Jim Brainard applauded the concept of saving and converting property into something different in the Carmel real estate market. “As we redevelop our central corridor, we continue to strive to be progressive and innovative in everything we do. By staying fresh and encouraging a wide variety of business options, we believe we are meeting the needs of our residents, our local small business owners and the many visitors who come to Carmel,” said Mayor Brainard.

The property is set back from the hustle and bustle of Carmel Drive and would suit many types of businesses. “We’ll let the market decide what it might be. We talked about a maker space concept and maybe a place for small maker and start-up businesses. We have been approached by last mile distribution companies who see it as an ideal location to quickly serve the dynamic Carmel region,” says Woodard. “I also had discussions about the possibility of an automotive enclave where car collectors could store, detail, repair and socialize around beautiful automobiles. and it’s a great attraction for visitors to be able to see race cars in different stages of repair and restoration. Ultimately, the property is unique and the location is so central that the possibilities are endless,” adds he.
Woodard explains that his approach to real estate is simple. “Buy it, light it, clean it, paint it and rent it,” he says. “At the end of the day, it’s going to be a pretty cool place. It’s a good property, in a great location, in a big city, so I’m excited to start working on it. I am happy that the mayor and his team have supported our real estate projects and our entry into Carmel,” said Woodard.
After transforming the 400,000 square foot Stutz Automobile Factory into one of the nation’s first small business incubators in the early ’90s, it’s easy to see Woodard bringing the Horton Fan Factory back to life. “It’s a blank canvas and I intend to make something unique and special out of it.” says Woodard.

About Turner Woodard and Turner James Investments

Turner Woodard, owner of Turner James Investments, is an Indianapolis native who has successfully carved out a place for himself in “adaptive reuse” opportunities, altering a building or property originally used for one purpose into something new. , productive and beneficial. Turner James Investments is a holding company for the diversified real estate portfolio and management company that ranges from boutique retail to unique hospitality, industrial to warehousing.
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