CBRE Arranges Sale and Full-Building Lease for Indianapolis Industrial
CBRE arranged the sale of I-65 Indianapolis Logistics Center South, a newly constructed, 954,370-square-foot distribution facility in Franklin, IN, along with a subsequent full-building lease for an undisclosed third-party logistics company.
Andrew Morris and Jeremy Woods of CBRE represented the unnamed seller in the sale to a partnership between Northern Virginia-based Legacy Investing and an affiliate of New York City-based Axonic Capital LLC. CBRE also represented Legacy and Axonic in the lease.
“The cream always rises to the top, and once again the quality and completeness of the new construction was a major differentiator,” said Morris. “This building was constructed with office space and all of the key features to accommodate immediate occupancy, which was a major plus for our new tenant.”
Added Woods, “The combination of the strategic location and immediate proximity to a very deep and skilled labor force makes it a preferred choice among logistics operators.”
Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-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 15-20 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).