INDIANAPOLIS—Institutional money is flowing into the industrial market, so much so that many potential buyers seek to avoid the intense competition by looking beyond the core metro areas.
That's why Avison Young officials have high hopes that they will attract institutional investors, perhaps even from overseas, for an 480,524-square-foot industrial portfolio located in Indianapolis' Park 100 industrial park. The portfolio includes two multi-tenant, institutional-quality buildings located at 7236-7260 Winton Dr. and 7451-7543 Winton Dr., just northwest of Indianapolis and with easy access to I-465 and I-65.
“It's a growing trend; investors are looking for solid assets that are a few years old, and not located in major markets,” Avison Young principal Erik Foster tells GlobeSt.com. Foster and Mike Wilson, both based in the company's Chicago office and members of the firm's national industrial capital markets group, secured the exclusive listing for the property and will represent the seller, an institutional fund advisor.
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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.
