Industrial O Indiana

Colliers sells 132,000-square-foot industrial building in Indianapolis market

  

Colliers International has closed the sale of 998 Gerdt Ct, a new 132,000-square-foot institutional warehouse in Greenwood, Indiana. Construction on the the Class-A modern bulk building was completed in December of 2016.

The property was 100 percent pre-leased to two national brands before its completion: Peltz Shoes and MaxLite. 998 Gerdt sits on more than 10 acres and surrounded by national tenants such as FedEx Supply Chain, Caterpillar, Ulta, Celadon and Nestle Waters.

The new top-in-class building features a clear height of 32 feet, a rear load configuration and optimal 50’ x 60’ column spacing, all characteristics that significantly distinguish it from its peer set.

Alex Cantu, head of investment sales with Colliers International|Indianapolis, marketed the property with Executive Vice President Brian Zurawski and Senior Vice President Jason Speckman on behalf of Shear Property Group. Exeter Properties purchased the asset.