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Chicago & Midwest  + Midwest  + Industrial  |  April 18, 2022
CBRE arranged the sale of 1,354,629 square feet of industrial space at Hendricks Gateway Park in Indianapolis to Granite REIT
Paul Bubny
By: Paul Bubny

Granite REIT Acquires 1.4M SF at Indianapolis Logistics Park 

CBRE arranged the sale of Buildings 1 and 4 within Hendricks Gateway Park, a 214-acre logistics park in the Southwest submarket of Indianapolis, to Canadian-based investor Granite Real Estate Investment Trust. Andrew Morris and Jeremy Woods of CBRE represented the seller, Atlanta-based Core 5 Industrial Partners. 

Located at 2128 Gateway Point and 10566 Gateway Point, Buildings 1 and 4 total 1,354,629 square feet and are fully leased by MARS Petcare and LifeScience Logistics. Hendricks Gateway Park has four buildings totaling nearly three million square feet of modern industrial space that can accommodate users ranging from 200,000 to more than one million square feet. 

“Core 5 develops exceptional quality buildings and a park layout that is second to none,” said Morris. “The high-quality tenancy is indicative of this and the fact that the Southwest/Airport submarket is the default first choice for occupiers seeking a supply chain solution in Indianapolis.”

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Inside The Story

CBRE's Morris and Woods

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-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 7-10 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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