Cushman & Wakefield recently closed the $43 million sale-leaseback of a 419,052-square-foot newly constructed cold storage distribution center in Greenfield, Indiana, on behalf of its client, Smithfield Foods, Inc.
Centurion Investments, LLC, a private real estate investment firm based out of Arlington, Virginia, acquired the property and is leasing it back to a subsidiary of Smithfield.
Situated on 47.6 acres, the distribution center, located in Axcess 70 Business Park, is within close proximity to Indianapolis Regional Airport, Interstate 70 and Interstate 465 in the East submarket of Indianapolis.
Since acquiring the site in 2014, Smithfield constructed the new facility comprised of 203,081 square feet of cooler area, 81,086 square feet of freezer, 40,498 square feet of swing rooms, two floors of office space, up to 48′ ceiling heights and the opportunity to expand by an additional 200,000 square feet, among other features. The project delivers positive local economic impact, expecting to create up to 260 jobs by the end of 2016.
