827 KSF Indianapolis Industrial Facility Sells
A joint venture sold the two-building property.
Brennan Investment Group and RGA ReCap Inc. have sold Park 74 Commerce Center, a two-building industrial facility totaling 826,687 square feet in Brownsburg, Ind., to an unspecified buyer. Brownsburg is in Hendricks County in metro Indianapolis.
Building A, the larger asset, is a 580,884-square-foot cross-dock facility that was developed in 2024. Permanent financing of $32 million from First National Bank of Omaha is associated with the property, according to Yardi Matrix data.
The smaller of the assets is Building B, coming in at 245,803 square feet. Also developed in 2024, the rear-load building is associated with permanent financing of $13.5 million also originated by the First National Bank of Omaha, according to the same source.
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The buildings are fully leased to three tenants in abrasives manufacturing, electric motors and packaging production. The assets sport 40-foot and 32-foot clear heights, respectively, 84 dock doors, trailer parking and connectivity to the CSX railway via a rail spur.
Built using concrete tilt-wall construction, the facilities include ESFR fire protection systems, LED lighting with motion sensors and other electrical infrastructure. Building B’s rail connectivity provides specialized logistics capabilities for future industrial users requiring intermodal access.
JLL represented the sellers in the deal. The properties have a decade of weighted average lease term and minimal near-term rollover risk, JLL Senior Managing Director Sean Devaney said in a statement.
Robust Indianapolis industrial market
Development momentum has been strong lately in the Indianapolis industrial market, with the construction pipeline running significantly ahead of last year as of April, according to a Yardi Matrix report.
Indianapolis had about 6.2 million square feet of industrial space under construction in 19 properties as of April 2026, accounting for 1.6 percent of total stock. A year earlier, a total of about 1.8 million square feet was under construction.
Investors are active in the market as well. In April, JLL Income Property Trust acquired Whitestown Distribution Center III, a 605,000-square-foot industrial facility in Whitestown, Ind., for about $60 million.
In the same month, Lauth Group Inc. sold 70 Connect II, a 554,228-square-foot, industrial facility in Greenfield, Ind., to Hillwood. The property traded for $41.7 million.
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