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CBRE Facilitates $25M Sale of Industrial Property in Indiana
CBRE arranged the sale of Park 130 Building 5, a 235,840-square-foot industrial property at 6353 Commerce Drive in Whitestown, Indiana.
A private, high-net-worth buyer from California acquired the property for $25.35 million all-cash. CBRE’s Kevin Foley, Austin Wolitarsky and Anthony DeLorenzo, along with Andrew Morris and Jeremy Woods of CBRE, represented the private seller in the transaction.
The property is fully leased to three tenants: Charles Industries, Canature WaterGroup U.S.A. and Weaver Popcorn Manufacturing (which is subleasing its space to BMWC Constructors, Inc.).
“California private capital continues to show strong interest in the Indianapolis and Midwest markets, and our team is uniquely positioned to source that capital,” said Foley. “With Indianapolis’ industrial fundamentals remaining strong, this building checked all the boxes occupiers demand in site selection; optimal location, modern infrastructure, deep and skilled labor pools, economic incentives, and the latest in distribution center facility design.”
