Newmarkarranged a full-building, 89,612-square-foot industrial lease on behalf of Associated at The Midway Building at 5770 Decatur Blvd. in Indianapolis.
The lease represents a nearly 60,000-square-foot expansion from Associated’s previous space in the same corridor.
Newmark Senior Managing Director Corey Chase represented the tenant in the transaction.
The new facility, owned by Holladay Properties, offers key features including 5,425 square feet of office space, 24’ clear heights, 21 dock doors with levelers, two drive-in doors and over 250 parking spaces. Delivered in 2004, The Midway Building provides strategic access to major interstates I-70, I-465 and I-69, and is ideally located near FedEx and UPS distribution hubs.
According to Newmark Research, industrial leasing activity in sub-100,000-square-foot buildings accounted for 33% of all U.S. leasing activity in Q2 2025 – the greatest share of total activity for the quarter. This segment, which includes small-bay and single-tenant facilities, currently reflects the lowest vacancy rates in the market – particularly among assets built before 2000.
Brian Seitz, SIOR, Griffin Seitz and Brian Buschuk of JLL represented the landlord.
