{"id":1004382134,"date":"2020-01-15T01:34:01","date_gmt":"2020-01-15T09:34:01","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004382134"},"modified":"2020-01-16T00:31:16","modified_gmt":"2020-01-16T08:31:16","slug":"transwestern-jv-sells-indianapolis-industrial-asset","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/transwestern-jv-sells-indianapolis-industrial-asset\/","title":{"rendered":"Transwestern JV Sells Indianapolis Industrial Asset"},"content":{"rendered":"<div id=\"attachment_1004382137\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/01\/8325-N-Norfolk-St.jpg\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004382137\" data-attachment-id=\"1004382137\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/transwestern-jv-sells-indianapolis-industrial-asset\/8325-n-norfolk-st\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/01\/8325-N-Norfolk-St.jpg\" data-orig-size=\"1104,827\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;Pavel Cazacu&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1579072478&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=\"8325 N Norfolk St\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;8325 N. Norfolk St. &lt;i&gt;Image via Google Street View&lt;\/i&gt;&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/01\/8325-N-Norfolk-St.jpg?w=1024\" class=\"wp-image-1004382137 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/01\/8325-N-Norfolk-St.jpg\" alt=\"\" width=\"300\" height=\"225\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/01\/8325-N-Norfolk-St.jpg 1104w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/01\/8325-N-Norfolk-St.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/01\/8325-N-Norfolk-St.jpg?resize=768,575 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/01\/8325-N-Norfolk-St.jpg?resize=1024,767 1024w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004382137\" class=\"wp-caption-text\">8325 N. Norfolk St. <i>Image via Google Street View<\/i><\/p><\/div>\n<p>A joint venture between Transwestern Investment Group (TIG) and Acento Real Estate Partners has sold a 519,100-square-foot industrial property in Indianapolis to Founders Properties. The partnership had first acquired the asset as part of a 2 million-square-foot portfolio purchase in 2014. This sale was the final disposition of that portfolio.<\/p>\n<p>The former Federal Mogul facility came online in 1988. Located at 8325 N. Norfolk St. on 21.8 acres, in the Park 100 industrial complex, the property is less than 1 mile from Interstate 465 and roughly 20 miles north of the Indianapolis International Airport. Several shopping and dining options are available at the Traders Point mall, just off I-465.<\/p>\n<p>CBRE Vice Chairman Michael Caprile and Senior Vice Presidents Ryan Bain and Zachary Graham represented the seller in the deal.<\/p>\n<p>The strong demand for industrial assets on a national level is fueled by the needs of third-party logistics companies and e-commerce tenants. Industrial vacancy rates are at historical lows and rent prices continue to rise, having <a href=\"https:\/\/www.commercialsearch.com\/news\/north-american-cres-outlook-for-2020\/\">a projected growth of 5 percent in 2020<\/a>, according to research by Transwestern.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Federal Mogul previously occupied the facility, which had last traded in 2014 as part of a 2 million-square-foot portfolio transaction.<\/p>\n","protected":false},"author":867,"featured_media":1004382137,"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":[32789,35863,36704,33313],"class_list":["post-1004382134","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-indianapolis","category-industrial","category-midwest","category-latest","tag-cbre","tag-founders-properties","tag-park-100-indianapolis","tag-transwestern"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Transwestern JV Sells Indianapolis Industrial Asset - 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\/transwestern-jv-sells-indianapolis-industrial-asset\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Transwestern JV Sells Indianapolis Industrial Asset\" \/>\n<meta property=\"og:description\" content=\"Federal Mogul previously occupied the facility, which had last traded in 2014 as part of a 2 million-square-foot portfolio transaction.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/transwestern-jv-sells-indianapolis-industrial-asset\/\" \/>\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=\"2020-01-15T09:34:01+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-01-16T08:31:16+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/01\/8325-N-Norfolk-St.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1104\" \/>\n\t<meta property=\"og:image:height\" content=\"827\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Pavel Cazacu\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\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\/transwestern-jv-sells-indianapolis-industrial-asset\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/transwestern-jv-sells-indianapolis-industrial-asset\/\",\"name\":\"Transwestern JV Sells Indianapolis Industrial Asset - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/transwestern-jv-sells-indianapolis-industrial-asset\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/transwestern-jv-sells-indianapolis-industrial-asset\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/01\/8325-N-Norfolk-St.jpg\",\"datePublished\":\"2020-01-15T09:34:01+00:00\",\"dateModified\":\"2020-01-16T08:31:16+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/caac04e9f88552f7c898ba456c2498d8\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/transwestern-jv-sells-indianapolis-industrial-asset\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/transwestern-jv-sells-indianapolis-industrial-asset\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/transwestern-jv-sells-indianapolis-industrial-asset\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/01\/8325-N-Norfolk-St.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/01\/8325-N-Norfolk-St.jpg\",\"width\":1104,\"height\":827,\"caption\":\"8325 N. 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