Colliers has closed the sale of a two-building distribution portfolio totaling 245,000 square feet in the Southwest submarket of Indianapolis, Indiana.

Comprised of 4316 W Minnesota Street and 4750 Kentucky Avenue, the fully occupied infill properties are home to a wholesale industrial packaging company, BASCO, and logistics and warehousing providers, Golden Tiger Transportation and Kid Glove Service. Both highly functional facilities provide immediate interstate access and efficient connection to the Indianapolis International Airport (IND), FedEx Airhub, and downtown Indianapolis.

The Colliers Industrial Capital Markets – Midwest Team, led by Alex Cantu and Alex Davenport, facilitated the transaction on behalf of Clarion Partners, a leading real estate investment manager with a presence in major markets across the United States and Europe. The assets were purchased by Diamond Properties, a New York-based commercial real estate investment firm managing a diverse portfolio of more than 16 million square feet.