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First Industrial Adds 343,000 SF in Indiana

INDIANAPOLIS-The Chicago-based REIT acquires two industrial buildings here located in the northwest submarket from TA Associates on behalf of a public pension fund. The sale price is estimated at $11.5 million.

By Brian K. Miller | Updated on November 19, 2003

INDIANAPOLIS-First Industrial Realty Trust has acquired 343,200 sf of industrial space here at the Northwest Industrial Park.

The sale consisted of two late-1980s industrial buildings located at 8219 & 8227 Northwest Blvd. The seller was TA Associates, on behalf of a public pension fund.

Trammell Crow Co.’s Kenneth Szady, SVP of Investment services Group, represented the seller in the transaction. Szady declined to provide the sale price, but local brokers familiar with the transaction tell GlobeSt.com that the sale price was about $11.5 million, give or take $100,000.

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