CBRE GI Acquires Newly Built Indianapolis Warehouse
A fund sponsored by CBRE Global Investors has acquired a newly constructed 505,872-square-foot warehouse/distribution property in Greenfield, IN, within the Indianapolis metro area. Seller and purchase price weren’t disclosed.
The Class A asset, known as Mount Comfort Logistics Center II, was delivered in the first quarter of this year and is 100% leased. It’s expandable by more than 220,000 square feet.
“We believe that Mount Comfort is an extremely well-located asset on the east side of Indianapolis, providing users access to a strong labor pool and excellent interstate connectivity,” said Gary Jaye, head of Americas logistics operator division for CBRE Global Investors.
He continued, “This area is a key transportation hub, offering users access to the second largest FedEx Air Hub in the United States, five Class I railroads, and substantial freeway infrastructure, providing access to over 75% of the United States and Canadian population within a 24-hour drive.”
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).
CRE courses for CE credits
Get CE course credits, centered around all things CRE. View our courses today!