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Small Indy Industrials Attract Buyers

INDIANAPOLIS—The metro region is best known for its big box industrials, but smaller users have flocked to smaller buildings as well, and Chicago's Brennan group says that provides many opportunities.

By Brian J. Rogal | Updated on September 16, 2015

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.

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