Colliers brokered the sale of a six-building industrial portfolio totaling 954,072 square feet throughout the Northwest, Northeast and Southwest submarkets of the Indianapolis metropolitan area.
The portfolio includes properties at 7555 Woodland Drive, 7645 Woodland Drive, 5350 Lakeview Parkway and 7601 Winton Drive in
Indianapolis, as well as 12001 Exit 5 Parkway in Fishers and 1380 Perry Road in Plainfield, Indiana.
Colliers Industrial Capital Markets advisors Alex Cantu, Alex Davenport, Jeff Devine, Steve Disse and Tyler Ziebel represented seller EQT in partnership with local market advisors Jason Speckman, Jimmy Cohoat and Andrea Hopper. The portfolio was acquired by MLG Capital, based in Brookfield, Wisconsin.
The portfolio was 90% leased to 10 tenants at the time of sale with a weighted average lease term of 4.64 years. Suite sizes range from approximately 24,000 square feet to more than 260,000 square feet, and approximately 40% of the portfolio’s square footage is leased to investment-grade tenants. Four of the six assets are located within Park 100, one of Indianapolis’ largest industrial parks, providing immediate access to Interstates 465 and 65. The remaining property is located in Fishers with access to Interstate 69 and in Plainfield near Indianapolis International Airport and the FedEx Express National Hub, providing connectivity to regional and national distribution networks.
