{"id":1004183656,"date":"2017-07-12T03:49:36","date_gmt":"2017-07-12T11:49:36","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004183656"},"modified":"2022-12-08T22:59:10","modified_gmt":"2022-12-09T06:59:10","slug":"indianapolis-industrial-portfolio-changes-hands","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/indianapolis-industrial-portfolio-changes-hands\/","title":{"rendered":"Indianapolis Industrial Portfolio Changes Hands"},"content":{"rendered":"

By Mihaela Coste<\/p>\n

\"7236-7260<\/a>

7236-7260 Winton Drive, Indianapolis, Ind.<\/p><\/div>\n

Avison Young has completed the sale of a 480,534-square-foot industrial portfolio consisting of two multi-tenant buildings located in the Park 100 industrial complex in Indianapolis<\/a>, Ind. The assets were acquired by Philadelphia-based real estate investment manager Exeter Property Group.<\/p>\n

Located at 7236-7260 Winton Drive, the 370,037-square-foot building was completed in 1995. The asset features 25\u2019 clear height and has approximately 2.5 percent of space dedicated to office uses.<\/p>\n

The second building is located at 7451-7543 Winton Drive and is offers\u00a0110,487 square feet of space with 10 percent of it dedicated to office uses. The multi-tenant building completed in 1998 features 6\u201d concrete floors, 24\u2019 clear height and an ESFR sprinkler system.<\/p>\n

Location and Tenant Mix<\/strong><\/h2>\n
\"7451-7543<\/a>

7451-7543 Winton Drive, Indianapolis, Ind.<\/p><\/div>\n

Both assets are located in close proximity to interstates 65 and 465. At the time of the transaction, the portfolio was 100 percent leased to a variety of national corporate tenants, including Pitney Bowes, Ryder Integrated Logistics 3M and Polaris Laboratories.<\/p>\n

Park 100 is a master-planned industrial community that was designed with state-of-the-art facilities to support tenants\u2019 warehouse and distribution needs, while also incorporating the transportation routes and road infrastructure to accommodate the nearby labor pool.<\/p>\n

\u201cInvestors continue to look for well-located assets that are an integral part of the nation\u2019s supply chain,<\/em>\u201d said Foster in a prepared statement. \u201cPark 100 is well situated to meet the needs of growing distribution businesses, making this an ideal long-term asset for investors.<\/em>\u201d<\/p>\n

Principals Erik Foster and Mike Wilson of Avison Young\u2019s National Industrial Capital Markets Group represented the seller in conjunction with industrial brokerage principals Sean McHale and Steve Schaub.<\/p>\n

Images courtesy of Pinchal & Co.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

The two multi-tenant, fully leased assets totaling 480,000 square feet traded with help from Avison Young\u2019s National Industrial Capital Markets Group.<\/p>\n","protected":false},"author":1192,"featured_media":1004183657,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,1590,21748,13,21742],"tags":[33022,35364,36704],"class_list":["post-1004183656","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-indianapolis","category-industrial","category-midwest","category-latest","tag-avison-young","tag-exeter-property-group","tag-park-100-indianapolis"],"acf":[],"yoast_head":"\nIndianapolis Industrial Portfolio Changes Hands - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/indianapolis-industrial-portfolio-changes-hands\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Indianapolis Industrial Portfolio Changes Hands\" \/>\n<meta property=\"og:description\" content=\"The two multi-tenant, fully leased assets totaling 480,000 square feet traded with help from Avison Young\u2019s National Industrial Capital Markets Group.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/indianapolis-industrial-portfolio-changes-hands\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2017-07-12T11:49:36+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T06:59:10+00:00\" \/>\n<meta name=\"author\" content=\"Mihaela Coste\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/07\/7236-7260-Winton-Drive-Indianapolis-Ind..jpg\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/indianapolis-industrial-portfolio-changes-hands\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/indianapolis-industrial-portfolio-changes-hands\/\",\"name\":\"Indianapolis Industrial Portfolio Changes Hands - 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