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Denholtz Acquires Park Indianapolis Industrial Park
Investment firm Denholtz has acquired Park Elmwood, a four-building, 133,200-square-foot shallow-bay industrial portfolio located at 5602–5508 Elmwood Ave. in Indianapolis, Indiana.
The deal marks Denholtz’s entrance into the Indiana market. Alex Davenport and Alex Cantu of Colliers International represented the seller in the transaction, while Denholtz represented itself.
Built in 1978, Park Elmwood consists of four-block buildings situated on 9.54 acres. The property features up to 16’ clear ceiling heights, a full wet sprinkler system, 44 dock doors, and 47 drive-in doors.
“Indianapolis continues to demonstrate strong fundamentals driven by its central location, deep labor pool, and sustained demand for infill industrial space,” said Paul Paschal, Director of Acquisitions at Denholtz.
Located immediately off Interstate 465 near Emerson Avenue, Park Elmwood offers direct access to the greater Indianapolis metropolitan area and connectivity to eight major interstate highways. The property is less than eight miles from downtown Indianapolis and approximately 15 miles from Indianapolis International Airport.
Don’t miss Carter Andrus, Chief Operating Officer of Prologis, as the keynote interview at Connect Industrial Midwest— taking place Tuesday afternoon, March 10, 2026, at Joe’s Live in Rosemont, IL.
