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Chicago & Midwest  + Midwest  + Industrial  |  February 2, 2022
Stos Partners and Cardinal Industrial have made their first Midwest acquisition with a light industrial portfolio in the Indianapolis area
Paul Bubny
By: Paul Bubny

Stos Partners, Cardinal Acquire Off-Market Indianapolis Portfolio 

Southern California-based Stos Partners and Cardinal Industrial have entered the Midwest market with the acquisition of an approximately 1.1-million square-foot light industrial portfolio in Indianapolis. The portfolio was acquired off-market from a private individual through close broker relationships and comprises a total of 34 multi-tenant light industrial properties occupied by a diverse mix of tenants. 

The firms continue to be bullish on industrial assets throughout the country, where trends like e-commerce, onshoring and supply constraints are driving skyrocketing industrial demand, according to Jason Richards, partner of Stos Partners. 

“We continue to be nimble and flexible in order to strategically expand our industrial holdings and implement our proven value-add business plans, successfully enacted in several Southern California and Southwest markets,” said Richards. “In Q3, Indiana experienced 2.06 million square feet of positive net absorption, bolstering the growth opportunities behind this investment.” 

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).
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