Chicago & Midwest CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
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.”
- ◦Sale/Acquisition

