Colliers International has closed the sale of Mount Comfort Building 115 at 7284 W. 200 North in Greenfield, Indiana. The property is an existing 200,000-square-foot modern bulk facility that will be expanded to 386,000 square feet.
Alex Cantu, Brian Zurawski and Alex Davenport with Colliers International of Indianapolis facilitated the transaction on behalf of the seller, Brybelly. The asset was purchased by Exeter Property Group, a real estate investment management firm focused on industrial properties across North America and Europe.
The Property, originally developed in 2016, sits on 26.29 acres within the Alliance Interstate Park in the desirable Mt. Comfort area just east of Indianapolis. It is 100 percent leased to Brybelly Holdings, Inc., a drop ship provider and wholesale company serving a diverse range of industries. Upon completion of the building expansion, Brybelly will commence a new 10-year triple net lease for the entire 386,000 square foot facility.
Exeter Property Group is headquartered in Conshohocken, Pennsylvania. The Mount Comfort Building 115 acquisition brings Exeter’s Indianapolis market holdings to more than 11.2M square feet, the second largest owner of Industrial real estate in the market.