INDIANAPOLIS—As reported this week in GlobeSt.com, the Indianapolis industrial market has few peers in the Midwest, and has recently attracted a host of investors and developers. Cassidy Turley, for example, a commercial real estate services provider in the US, just negotiated the sale of a nine-building, multi-tenant industrial portfolio in the city to Chicago-based CrossLake Partners. The terms of the transaction were not disclosed.
The investment portfolio includes buildings 31, 52, 66, 79, 80, 109, 112, 133 and 641 in the Park 100 Business Park, which sits within in the northwest submarket of Indianapolis. Cassidy Turley senior managing director Jeff Castell represented Duke Realty Corp. in the sale.
“The Park 100 Industrial Portfolio is well occupied and located in a highly desirable, established business park in the Indianapolis metro area,” says Castell.
CrossLake Partners has also selected Cassidy Turley to lease and manage the portfolio. Senior vice president Fritz Kauffman and senior vice president Todd Vannatta will lead the leasing effort, and senior property manager Chad Haneline will lead the property management team.
Tenants occupy 97% of the 439,194-square-foot portfolio. Park 100 is adjacent to I-465 between the W. 71st St. and W. 86th St. interchanges, five minutes north of I-65 and 12 minutes from downtown.
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Brian J. Rogal
Brian J. Rogal is a Chicago-based freelance writer with years of experience as an investigative reporter and editor, most notably at The Chicago Reporter, where he concentrated on housing issues. He also has written extensively on alternative energy and the payments card industry for national trade publications.
