Colliers completed the sale of the Indianapolis West Infill Industrial Portfolio, a 1,533,112-square-foot, 29-building light industrial portfolio in the Park 100 and Park Fletcher industrial parks in Indianapolis, Indiana.
The portfolio spans the city’s Northwest and Southwest submarkets, with access to Indianapolis’ primary interstate network and Indianapolis International Airport.
Colliers Industrial Capital Markets advisors Alex Cantu, Alex Davenport, Jeff Devine, Steve Disse and Tyler Ziebel partnered with Indianapolis local market advisors Tyler Wilson, Jason Speckman and Sydney Gabriel to complete the transaction on behalf of the seller. The portfolio was acquired by MLG Capital on behalf of MLG Legacy Fund and 1031 exchange investors.
The portfolio is 94% occupied across 158 tenants, representing a diverse mix of established national, regional, and local companies across a broad range of industries. The properties feature an average clear height of approximately 15 feet, with a total of 194 dock doors and 155 drive-in doors, and range from approximately 16,000 to 157,000 square feet.
Eleven buildings are located in the Northwest submarket within Park 100 and Corporate Center North, with access to I-465 and I-65, while the remaining 18 buildings are situated in Park Fletcher in the Southwest submarket near I-465 and Indianapolis International Airport.
