Newmark Knight Frank negotiated a 241,043-square-foot industrial lease to DXL 3pl LLC at 7520 Georgetown Road in Indianapolis, Indiana.
This lease marks full occupancy for the industrial property and the successful repositioning from a single- to multi-tenant asset. The other tenant at 7520 Georgetown Road is Blue Marble Cocktails, having signed for 181,835 square feet earlier this year.
NKF Directors Conrad Jacobs and Matt Kiger represented the landlord, Sansone Group and CenterSquare, in both lease transactions. In July of 2019, Jacobs and Kiger represented Sansone Group and CenterSquare in the purchase of the 424,849-square-foot asset, realizing its potential as a multi-tenant property. DXL 3pl LLC was represented by ALO Property Group and Blue Marble Cocktails was represented by JLL.
The property consists of office, warehouse and break room space, 110’ to 148’ truck courts, 26 docks with one drive-in, 28’ minimum clear heights, 3,000-amp electrical service, motion activated LED lights and ample employee parking.
The asset is located in the Park 100 submarket, a former Duke Realty master-planned industrial park on the Northwest Side of Indianapolis.