{"id":1004720306,"date":"2024-07-09T01:15:59","date_gmt":"2024-07-09T09:15:59","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004720306"},"modified":"2024-07-09T01:16:01","modified_gmt":"2024-07-09T09:16:01","slug":"lincoln-property-sells-indianapolis-area-industrial-asset","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/lincoln-property-sells-indianapolis-area-industrial-asset\/","title":{"rendered":"Lincoln Property Sells Indianapolis-Area Industrial Asset"},"content":{"rendered":"\n<p><\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"alignright size-full is-resized\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/07\/4321-albert-s-white-parkway_pr_hero_1536x1040.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"675\" height=\"506\" data-attachment-id=\"1004720307\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/lincoln-property-sells-indianapolis-area-industrial-asset\/4321-albert-s-white-parkway_pr_hero_1536x1040\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/07\/4321-albert-s-white-parkway_pr_hero_1536x1040.jpg\" data-orig-size=\"675,506\" 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;0&quot;}\" data-image-title=\"4321-albert-s-white-parkway_pr_hero_1536x1040\" data-image-description=\"&lt;p&gt;Property at 4321 Albert S. White Parkway, Whitestown, Ind.&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;The property is part of AllPoints at Anson, an industrial park encompassing north of 7 million square feet. Image courtesy of Colliers &lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/07\/4321-albert-s-white-parkway_pr_hero_1536x1040.jpg?w=675\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/07\/4321-albert-s-white-parkway_pr_hero_1536x1040.jpg\" alt=\"Property at 4321 Albert S. White Parkway, Whitestown, Ind.\" class=\"wp-image-1004720307\" style=\"width:400px\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/07\/4321-albert-s-white-parkway_pr_hero_1536x1040.jpg 675w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/07\/4321-albert-s-white-parkway_pr_hero_1536x1040.jpg?resize=300,225 300w\" sizes=\"auto, (max-width: 675px) 100vw, 675px\" \/><\/a><figcaption class=\"wp-element-caption\">The property is part of AllPoints at Anson, an industrial park encompassing north of 7 million square feet. <em>Image courtesy of Colliers <\/em><\/figcaption><\/figure><\/div>\n\n\n<p>Lincoln Property Co. has sold 4321 Albert S. White Parkway, a 146,640-square-foot distribution center in Whitestown, Ind. Colliers brokered the transaction on behalf of the seller.<\/p>\n\n\n\n<p>In 2022, Independent Bank issued a $10.4 million construction note set to mature in June of 2025, according to CommercialEdge. Peterson Construction &amp; Property Services served as general contractor.<\/p>\n\n\n\n<p>The 2023-built property features 32-foot clear heights, 53-foot by 56-foot 8-inch column spacing with a 60-foot speed bay, 12 dock doors, two drive-in doors, 40,000-pound mechanical levelers, as well as a truck court depth of 130 feet, 126 parking spaces and 41 trailer spots.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-text-color has-cyan-bluish-gray-color has-alpha-channel-opacity has-cyan-bluish-gray-background-color has-background is-style-wide\"\/>\n\n\n\n<p>READ ALSO: <a href=\"https:\/\/www.commercialsearch.com\/news\/5-capital-trends-to-watch-in-h2\/\">5 Capital Trends to Watch in H2<\/a><\/p>\n\n\n\n<hr class=\"wp-block-separator has-text-color has-cyan-bluish-gray-color has-alpha-channel-opacity has-cyan-bluish-gray-background-color has-background is-style-wide\"\/>\n\n\n\n<p>Located inside the 616-acre industrial park AllPoints at Anson, the distribution center is less than 1 mile from Interstate 65. Boone County Airport and the Indianapolis International Airport are some 4 and 26 miles away, respectively.<\/p>\n\n\n\n<p>Colliers Executive Vice President Jason Speckman and Senior Vice President Jimmy Cohoat represented Lincoln Property Co. <\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-indianapolis-industrial-vacancy-rate-inches-upward\">Indianapolis industrial vacancy rate inches upward<\/h2>\n\n\n\n<p>In the first quarter, investors <a href=\"https:\/\/www.commercialsearch.com\/news\/indianapolis-industrial-construction-boomed-in-q1\/\">traded $64 million in industrial assets<\/a> throughout metro Indianapolis. EQT Exeter\u2019s disposition of Park 130 at Whitestown Building Three is one noteworthy transaction that took place earlier in the year. The asset <a href=\"https:\/\/www.commercialsearch.com\/news\/cbre-arranges-28m-sale-of-indianapolis-industrial-asset\/\">changed hands for $28.4 million<\/a>.<\/p>\n\n\n\n<p>As of March, Indianapolis\u2019 industrial vacancy rate rested at 3.2 percent, 80 basis points higher than a year ago but still significantly below the U.S. average.<\/p>\n\n\n\n<p>One notable lease also occurred relatively recently within AllPoints at Anson. Last year, Rockwell Automation <a href=\"https:\/\/www.commercialsearch.com\/news\/rockwell-automation-renews-lease-at-cbre-im-owned-property\/\">doubled down on its 369,449-square-foot lease<\/a> at CBRE Investment Management\u2019s Anson 8A, renewing the deal at the 708,367-square-foot building.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The building came online last year.<\/p>\n","protected":false},"author":3471,"featured_media":1004720307,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1590,21748,21783,13,21742],"tags":[35498,39086,34930,33187],"class_list":["post-1004720306","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-indianapolis","category-industrial","category-investment","category-midwest","category-latest","tag-colliers","tag-independent-bank","tag-lincoln-property-co","tag-sior"],"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>Lincoln Property Sells Indianapolis-Area Industrial Asset - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"Lincoln Property Co. has sold a distribution center inside AllPoints at Anson in Whitestown, Ind. 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