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Chicago & Midwest  + Midwest  + Industrial  |  September 4, 2018
Paul Bubny
By: Paul Bubny

O’Donnell Group Makes Indy Debut with Stout Field Deal

Colliers International has closed the sale of a two-building portfolio in the heart of the Stout Field Industrial Park in southwest Indianapolis, the most active industrial submarket in the city. The firm’s Alex Cantu and Alex Davenport arranged the sale of the 166,119-square-foot 1908 & 1950 Stout Field W Dr. to the O’Donnell Group, on behalf of Progressive Logistics.

The $6.65-million acquisition represents the Newport Beach, CA-based O’Donnell Group’s first deal in the Indianapolis area. On the West Coast, it has developed or acquired 23 million square feet of office and industrial business parks.

The portfolio sits less than a mile from Interstate 70, providing direct access to the Interstate Highway system as well as Indianapolis International Airport. The asset is further enhanced through rail connectivity via CSX.

The fully-leased buildings are home to Progressive Logistics and Micronutrients.


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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 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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