{"id":1004795985,"date":"2026-04-22T02:57:22","date_gmt":"2026-04-22T10:57:22","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004795985"},"modified":"2026-04-22T05:05:22","modified_gmt":"2026-04-22T13:05:22","slug":"jll-income-property-trust-buys-indianapolis-distribution-center","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/jll-income-property-trust-buys-indianapolis-distribution-center\/","title":{"rendered":"JLL Income Property Trust Buys Indianapolis Distribution Center"},"content":{"rendered":"\n<p><\/p>\n\n\n<div class=\"wp-block-image\">\n<figure data-wp-context=\"{&quot;imageId&quot;:&quot;6a24d37b1cf1d&quot;}\" data-wp-interactive=\"core\/image\" class=\"alignright size-full is-resized wp-lightbox-container\"><img loading=\"lazy\" decoding=\"async\" width=\"5238\" height=\"3923\" data-attachment-id=\"1004795984\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/default-111\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/04\/Whitestown_Distribution_Center_III.jpg\" data-orig-size=\"5238,3923\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;7.1&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;L2D-20c&quot;,&quot;caption&quot;:&quot;default&quot;,&quot;created_timestamp&quot;:&quot;1746787229&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;12.29&quot;,&quot;iso&quot;:&quot;100&quot;,&quot;shutter_speed&quot;:&quot;0.0025&quot;,&quot;title&quot;:&quot;default&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Whitestown_Distribution_Center_III\" data-image-description=\"&lt;p&gt;Image emailed to Matt from DLPR on 4\/21&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;The 600,000-square-foot facility is used by Daimler Truck North America to distribute truck parts. Image courtesy of JLL Income Property Trust&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/04\/Whitestown_Distribution_Center_III.jpg?w=1024\" data-wp-class--hide=\"state.isContentHidden\" data-wp-class--show=\"state.isContentVisible\" data-wp-init=\"callbacks.setButtonStyles\" data-wp-on-async--click=\"actions.showLightbox\" data-wp-on-async--load=\"callbacks.setButtonStyles\" data-wp-on-async-window--resize=\"callbacks.setButtonStyles\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/04\/Whitestown_Distribution_Center_III.jpg\" alt=\"A photo of Whitestown Distribution Center III.\" class=\"wp-image-1004795984\" style=\"width:400px\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/04\/Whitestown_Distribution_Center_III.jpg 5238w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/04\/Whitestown_Distribution_Center_III.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/04\/Whitestown_Distribution_Center_III.jpg?resize=768,575 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/04\/Whitestown_Distribution_Center_III.jpg?resize=1024,767 1024w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/04\/Whitestown_Distribution_Center_III.jpg?resize=1536,1150 1536w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/04\/Whitestown_Distribution_Center_III.jpg?resize=2048,1534 2048w\" sizes=\"auto, (max-width: 5238px) 100vw, 5238px\" \/><button\n\t\t\tclass=\"lightbox-trigger\"\n\t\t\ttype=\"button\"\n\t\t\taria-haspopup=\"dialog\"\n\t\t\taria-label=\"Enlarge\"\n\t\t\tdata-wp-init=\"callbacks.initTriggerButton\"\n\t\t\tdata-wp-on-async--click=\"actions.showLightbox\"\n\t\t\tdata-wp-style--right=\"state.imageButtonRight\"\n\t\t\tdata-wp-style--top=\"state.imageButtonTop\"\n\t\t>\n\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"12\" height=\"12\" fill=\"none\" viewBox=\"0 0 12 12\">\n\t\t\t\t<path fill=\"#fff\" d=\"M2 0a2 2 0 0 0-2 2v2h1.5V2a.5.5 0 0 1 .5-.5h2V0H2Zm2 10.5H2a.5.5 0 0 1-.5-.5V8H0v2a2 2 0 0 0 2 2h2v-1.5ZM8 12v-1.5h2a.5.5 0 0 0 .5-.5V8H12v2a2 2 0 0 1-2 2H8Zm2-12a2 2 0 0 1 2 2v2h-1.5V2a.5.5 0 0 0-.5-.5H8V0h2Z\" \/>\n\t\t\t<\/svg>\n\t\t<\/button><figcaption class=\"wp-element-caption\">The 600,000-square-foot facility is used by Daimler Truck North America to distribute truck parts. <em>Image courtesy of JLL Income Property Trust<\/em><\/figcaption><\/figure><\/div>\n\n\n<p>JLL Income Property Trust has acquired Whitestown Distribution Center III, a 605,000-square-foot industrial facility in Whitestown, Ind., a submarket of Indianapolis. The asset sold for about $60 million, or approximately $99 per square foot.<\/p>\n\n\n\n<p>Opened in 2023, Whitestown Distribution Center III is fully leased to Daimler Truck North America, which holds a seven-year remaining lease term and 2.5 percent annual escalations. The facility serves as a distribution center for parts used for truck repairs, according to a 2023 news release from the truck manufacturer.<\/p>\n\n\n\n<p>Also known as AllPoints at Anson Building 10, the facility was developed by a joint venture of Prologis and Browning. According to PropertyShark records, the joint venture was the most recent owner of the property.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p><strong>READ ALSO: <\/strong><a href=\"https:\/\/www.commercialsearch.com\/news\/marcus-millichap-webcast-a-rolling-real-estate-cycle\/\">How the Middle East Conflict Is Impacting CRE Investment<\/a><\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p>The LEED Silver-certified facility includes 36-foot clear heights, LED lighting, ESFR sprinklers, 140 foot-to-200-foot truck courts, full dock packages with hydraulic levelers.<\/p>\n\n\n\n<p>Located at 4337 All Points Drive, Whitestown Distribution Center III is within 2 miles of Interstate 65, while Interstate 865 is within about 6 miles and downtown Indianapolis is within some 21 miles from the property. Allan Swaringen, president &amp; CEO of JLL Income Property Trust, noted in prepared remarks that the distribution center\u2019s location outside Indianapolis makes it accessible to 80 percent of the U.S. population within one day.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-industrial-investment-activity-grows-in-indianapolis\">Industrial investment activity grows in Indianapolis<\/h2>\n\n\n\n<p>Nearly 9.4 million square feet of\u00a0<a href=\"https:\/\/www.commercialsearch.com\/industrial\/us\/in\/indianapolis\/\" target=\"_blank\" rel=\"noreferrer noopener\">Indianapolis industrial space<\/a>\u00a0across 50 properties changed hands year-to-date through October 2025, according to a <a href=\"https:\/\/www.commercialsearch.com\/news\/indianapolis-industrial-market-update\/\">Yardi Matrix report<\/a>, nearly doubling the $290.4 million recorded during the same period in 2024. The region\u2019s total industrial investment sales volume reached $546.8 million in that time.<\/p>\n\n\n\n<p>The metro\u2019s vacancy rate also outperformed the national figure as of October, reaching 10.8 percent at the time, above the 9.6 percent national average. In-place rents averaged $5.04 per square foot, up 3.5 percent year-over-year, while newly signed leases averaged $4.73 per square foot.<\/p>\n\n\n\n<p>Another Indianapolis asset to sell recently is <a href=\"https:\/\/www.commercialsearch.com\/news\/hillwood-buys-550-ksf-indianapolis-warehouse\/\">70 Connect II<\/a>, a 554,228-square-foot industrial facility in Greenfield, Ind., that Hillwood acquired earlier in April. That property is fully leased by Yusen Logistics and sold for $41.7 million, or about $75 per square foot.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Daimler Truck North America fully occupies the 600,000-square-foot facility. <\/p>\n","protected":false},"author":3810,"featured_media":1004795984,"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":[38238,38033,45095,32956],"class_list":["post-1004795985","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-indianapolis","category-industrial","category-investment","category-midwest","category-latest","tag-browning","tag-daimler-ag","tag-jll-income-property-trust","tag-prologis"],"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>JLL Income Property Trust Buys Indianapolis Distribution Center - 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