Cushman & Wakefield announced that a joint venture, OVB Indianapolis Industrial, LLC, comprised of Biynah Industrial Partners and Olympus Ventures, has purchased eight modern bulk buildings totaling more than 3.8 million square feet and a 42-acre land site in Greater Indianapolis.
The firm has selected Cushman & Wakefield’s The Weishaar|O’Neil Team made up of senior managing director Michael W.M. Weishaar and associate Scott O’Neil to provide leasing services.
The seller was represented by a team from JLL that included International Director John Huguenard, SIOR, CCIM, Senior Vice President Sean Devaney and Vice President Ed Halaburt.
Within the Southwest submarket, four of the buildings are located in Airwest Industrial Park; two buildings and the vacant land site are in AmeriPlex in Indianapolis; and an additional building is on South Girls School Road near the Indianapolis International Airport. The remaining building is located in Brownsburg in the West submarket.
Tenants include OHL, Sur La Table and the U.S. Postal Service.
While most buildings in the portfolio are occupied, 216,600 square feet at 7452 Tempelhof Drive and 42 acres of vacant land at Decatur Boulevard and Thompson Road are immediately available. Both are located in Indianapolis.
Another 315,000-square-foot space will be available on May 1 at 3100 Reeves Road in Plainfield, Indiana. Both facilities feature cross-dock configurations, modern lighting and easy access to the Interstate-465 and Interstate-70 corridors, as well as close proximity to the FedEx hub at the Indianapolis International Airport.