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Chicago & Midwest  + Midwest  + Industrial  |  November 15, 2024
Jasmine Kilman
By: Jasmine Kilman

CenterSquare Completes Industrial Portfolio Acquisition in Indianapolis

CenterSquare announced that as the latest investment for its Value Added Fund V, the company has acquired Jackson Park, a 260,400 square-foot portfolio of Service Industrial properties in the Eastside submarket of Indianapolis.

The Jackson Park Service Industrial Portfolio is a 260,400 square foot, 97% occupied, multi-tenant industrial portfolio located in the Eastside submarket of Indianapolis. The Portfolio consists of 27 tenants with an average suite size of approximately 9,000 square feet.

CenterSquare plans to make various capital improvements to the property, including re-milling and paving the asphalt, roof repairs, and other miscellaneous repairs throughout the park. The transaction is the fourth Service Industrial investment in Fund V, bringing the total Service Industrial portfolio to more than one million square feet.

It is the second Service Industrial investment within Indianapolis and, along with two Build-to-Rent transactions, is the fourth investment overall within Indianapolis.

Michael Brennan will receive Connect CRE’s Lifetime Achievement Award and will participate in the Keynote Interview with Kevin Brennan, also of Brennan Investment Group. Join us at Connect Industrial Midwest 2025 on the afternoon of Wednesday, March 5, at Joe’s Live in Rosemont, IL, for this exclusive presentation!

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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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