Colliers brokered the sale of NorthPoint One, a 182,000-square-foot bulk distribution center at 20099 N. East St. in Westfield, Indiana.
The Colliers Industrial Capital Markets team led by Alex Cantu, Vice Chair, and Alex Davenport, Executive Vice President, facilitated the transaction on behalf of Holladay Properties. The buyer, Sealy & Company, is a privately held real estate investment firm based in Dallas, Texas.
Built in 2022, the Class-A facility is situated on more than 16 acres; 10 miles north of Indianapolis along US Highway 31. NorthPoint One offers institutional-grade functionality, including 32-foot clear height, 36 loading docks, 105 car parking spaces, 62 trailer parking positions, and a secured, fenced, and lighted outside storage yard.
The property is 100% leased to Tradewinds Global Logistics, a full-service transportation and logistics company, under a 15-year triple net lease.
NorthPoint One is part of Holladay Properties’ 300-acre, master-planned industrial park, which features a mix of build-to-suit developments for major national and international companies such as Abbott Laboratories, Browning Chapman, GFS Foods, and Bastian Solutions.
