INDIANAPOLIS—This metro area is perhaps best known in the world of commercial real estate as the home of a vast array of big box distribution facilities. But the region also has a plethora of smaller buildings appropriate for small- and mid-sized users. And investors are finding a lot of opportunities within that latter group.

Brennan Investment Group, LLC, a private real estate investment firm that acquires, develops and operates industrial properties on a national basis, has just acquired an industrial portfolio from Iron Point Partners LLC consisting of four multi-tenant, light-industrial properties with a total of ten buildings and about 544,810 square feet. The properties are located in three Indianapolis submarkets and within close proximity to I-465, the 53-mile beltway surrounding the city. HFF managing partner Pat Sullivan represented the seller in this transaction. The price was not disclosed.

"We like Indianapolis because its a great market with very strong fundamentals," Scott McKibben, co-founder and chief investment officer for Brennan, tells GlobeSt.com. It "has demonstrated exceptional fundamentals, as evidenced by 19 consecutive quarters of positive net absorption." And the Rosemont, IL-based firm has first-hand experience with buying and managing industrial property here.