Chicago & Midwest + Midwest + Industrial | September 6, 2023

CBRE Arranges the Sale of $13.4M Indiana Logistics Building

CBRE has arranged the sale of Building 4 within the Mount Comfort Logistics Center, a 318-acre, master-planned Class-A logistics park in Greenfield, Indiana, to a private California 1031 buyer for $13.4 million.

Kevin Foley with CBRE Investment Properties and Jared Scaringe represented the seller Ambrose Property Group, in the transaction. The buyer was represented by Gary Stache, Chris Martin and Bill Maher, also with CBRE Investment Properties. “The private buyer was in a 1031 exchange and closed this transaction in 31 days,” said CBRE’s Foley.

The Mount Comfort Logistics Center’s Building 4 is a 120,336-square-foot build-to-suit warehouse for U.S. AutoForce, a wholesale automotive tires, parts, and lubricants distributor. Situated on 18.9 acres, the warehouse was delivered in 2021, and Mount Comfort Logistics Center offers access to Interstate 70, providing connectivity to Interstate 465 Beltway and major interstates throughout Indianapolis.

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About Jasmine Kilman

Jasmine Kilman is Content Director of Connect Commercial Real Estate, covering Chicago and greater Chicagoland, the Midwest, Seattle, and the Pacific Northwest. She covers industry trends, transaction deals, market research, and produces daily news stories. With experience in marketing and communications for academic nonprofits and corporate clients, including Hearst Media, Hilton, and Coldwell Banker, Kilman has written about commercial real estate, environmental, social, and corporate governance (ESG), technology, healthcare, and philanthropy. She was born and raised in California and graduated with a degree in public relations. In her spare time, Kilman enjoys hiking and traveling to new locations with her family.

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