Chicago & Midwest + Midwest + Industrial | December 18, 2018

Dayton Street Makes First Indianapolis Buy

Chicago-based Dayton Street Partners has acquired a 142,000-square-foot industrial building in Indianapolis, IN. Pricing and seller were not disclosed.

Built in 1991 and strategically located near Indianapolis International Airport and downtown Indianapolis, 2513-2515 So. Holt Rd. recently underwent a $1.5 million renovation. The building is fully-leased to Covanta Holding Corporation, which houses its non-hazardous liquid treatment business on-site.

“This transaction represents Dayton Street’s first strategic acquisition in Indianapolis,” said DSP managing principal Howard Wedren. “It falls in line with our niche of acquiring value-add, high-barrier to entry institutional quality assets.”

Josh Joseph, Matt Tarshis and Andrew Rubin of Frontline Real Estate Partners represented the seller in the transaction.

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About Paul Bubny

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).

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