The value of the contract wasn't disclosed. Duke Realty Corp. of Indianapolis, IN previously leased the 85%-occupied properties containing a mix of office, flex and distribution space.
Realvest only has to find a tenant for 20,217 sf in the single, 37,932-sf building at Lakepoint 11 to bring the entire campus up to 100% occupancy. Estimated average asking rents are $18 per sf to $20 per sf, according to area brokers familiar with the airport submarket.
The tenant roll at the 64,057 sf, fully leased Lakepoint 1 comprises Attorney's Title, 27,360 sf; Helsel Phelps, 10,901 sf; Capital Cargo, 6,740 sf; and several smaller tenants taking a total 19,056 sf.
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