{"id":1004192139,"date":"2017-09-29T13:15:38","date_gmt":"2017-09-29T21:15:38","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004192139"},"modified":"2022-12-08T10:22:12","modified_gmt":"2022-12-08T18:22:12","slug":"colliers-brokers-two-indianapolis-industrial-deals","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/colliers-brokers-two-indianapolis-industrial-deals\/","title":{"rendered":"Colliers Brokers Two Indianapolis Industrial Deals"},"content":{"rendered":"<p>By Roxana Baiceanu<\/p>\n<div id=\"attachment_1004192143\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/09\/998-Gerdt-Court-Greenwood-Ind..jpg\" target=\"_blank\" rel=\"noopener noreferrer\"><img decoding=\"async\" aria-describedby=\"caption-attachment-1004192143\" data-attachment-id=\"1004192143\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/colliers-brokers-two-indianapolis-industrial-deals\/998-gerdt-court-greenwood-ind\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/09\/998-Gerdt-Court-Greenwood-Ind..jpg\" data-orig-size=\"800,620\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;1.9&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;SM-N920P&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1482849255&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;4.3&quot;,&quot;iso&quot;:&quot;40&quot;,&quot;shutter_speed&quot;:&quot;0.0002422480620155&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"998 Gerdt Court, Greenwood, Ind.\" data-image-description=\"&lt;p&gt;998 Gerdt Court, Greenwood, Ind.&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;998 Gerdt Court, Greenwood, Ind.&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/09\/998-Gerdt-Court-Greenwood-Ind..jpg?w=800\" loading=\"lazy\" class=\"wp-image-1004192143 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/09\/998-Gerdt-Court-Greenwood-Ind..jpg\" alt=\"998 Gerdt Court, Greenwood, Ind.\" width=\"300\" height=\"233\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/09\/998-Gerdt-Court-Greenwood-Ind..jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/09\/998-Gerdt-Court-Greenwood-Ind..jpg?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/09\/998-Gerdt-Court-Greenwood-Ind..jpg?resize=768,595 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004192143\" class=\"wp-caption-text\">998 Gerdt Court, Greenwood, Ind.<\/p><\/div>\n<p>Colliers International negotiated the transaction of two industrial properties in the Indianapolis area, totaling approximately 500,000 square feet. One of the buyers is Exeter Properties, and the other one is Red Tail Investments.<\/p>\n<p>The first facility is located at 998 Gerdt Court in Greenwood, Ind., on a 10-acre lot and encompasses 132,000 square feet of Class A industrial space featuring 32-foot height, a rear-load configuration and optimal column spacing. It is a brand-new building, completed at the end of 2016 for Shear Property Group, and is fully leased by Peltz Shoes and MaxLite.<\/p>\n<div id=\"attachment_1004192144\" style=\"width: 310px\" class=\"wp-caption alignleft\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/09\/250-258-Kitley-Avenue-Indianapolis.jpg\" target=\"_blank\" rel=\"noopener noreferrer\"><img decoding=\"async\" aria-describedby=\"caption-attachment-1004192144\" data-attachment-id=\"1004192144\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/colliers-brokers-two-indianapolis-industrial-deals\/250-258-kitley-avenue-indianapolis\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/09\/250-258-Kitley-Avenue-Indianapolis.jpg\" data-orig-size=\"800,620\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"250-258 Kitley Avenue, Indianapolis\" data-image-description=\"&lt;p&gt;250-258 Kitley Avenue, Indianapolis&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;250-258 Kitley Avenue, Indianapolis&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/09\/250-258-Kitley-Avenue-Indianapolis.jpg?w=800\" loading=\"lazy\" class=\"wp-image-1004192144 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/09\/250-258-Kitley-Avenue-Indianapolis.jpg\" alt=\"250-258 Kitley Avenue, Indianapolis\" width=\"300\" height=\"233\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/09\/250-258-Kitley-Avenue-Indianapolis.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/09\/250-258-Kitley-Avenue-Indianapolis.jpg?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/09\/250-258-Kitley-Avenue-Indianapolis.jpg?resize=768,595 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004192144\" class=\"wp-caption-text\">250-258 Kitley Avenue, Indianapolis<\/p><\/div>\n<p>The other warehouse, Kitley Industrial Park, is located near Irvington in Indianapolis, within the Interstate 465 loop. Its closeness to downtown attracted tenants such as Kroger, Mansfield King and NGL Warehouse. The park totals 366,053 square feet and used to be a part of\u00a0Biynah Industrial Partners&#8217; <a href=\"https:\/\/www.commercialsearch.com\/news\/jll-secures-167m-sale-of-indianapolis-industrial-portfolio\/\">industrial portfolio<\/a> before Red Tail\u2019s acquired it.<\/p>\n<p>Colliers Senior Vice President and Head of Investment Sales Alex Cantu closed on both deals on behalf of the sellers. In marketing the Greenwood asset, he was assisted by Executive Vice President Brian Zurawski and Senior Vice President Jason Speckman.<\/p>\n<p><em>Images courtesy of Colliers International<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The two assets amass approximately 500,000 square feet of warehouse space and are leased by tenants such as Kroger, Mansfield King, Peltz Shoes and MaxLite. <\/p>\n","protected":false},"author":1064,"featured_media":1004192143,"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":[37718,37719,32763,35364],"class_list":["post-1004192139","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-indianapolis","category-industrial","category-midwest","category-latest","tag-alex-cantu","tag-biynah-industrial-partners","tag-colliers-international","tag-exeter-property-group"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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