Colliers International has closed the sale of three brand new, state-of-the-art, modern bulk buildings located in the Plainfield and Whitestown submarkets of Indianapolis, Indiana. The 1,816,674-square-foot portfolio includes AllPoints Midwest Building 8, situated within the 950-acre master-planned AllPoints Midwest distribution park in Plainfield, in addition to AllPoints at Anson 8A and AllPoints at Anson 7B, which are part of the 616-acre AllPoints at Anson industrial park in Whitestown. The buildings are home to tenants Brooks Sports, Ryder Logistics, Kuehne + Nagel, and TF Distributing.
The deal team led by Alex Cantu, Steve Disse and Jeff Devine with Colliers International led the transaction for the seller, a joint venture including Browning Development. CBRE Global Investors, a real assets investment management and advisory firm purchased the portfolio.
The buildings were developed in 2017 and 2018 to the top of competitive standards and include 36 ft clear height, ESFR fire protection, LED lights with motion sensors, state-of-the-art dock packages, and 45 mil TPO roofs. The developer’s thoughtful park design building layout and tenant base were critical to the successful execution. The portfolio consists of one remaining vacancy of 154,665 square feet. Jimmy Cohoat and Jason Speckman of Colliers International are handling the leasing assignment on behalf of CBRE Global Investors.
The transaction represents CBRE Global Investors’ second transaction in Indianapolis in 2019 following their purchase of the 483,812-square-foot MetroAir 2 & 6 portfolio from local developer, Strategic Capital Partners.