Indianapolis-based Citimark has closed on the acquisition of the former property located at 4151 East 96th Street on the northside of Indianapolis, Indiana. Alex Cantu with Colliers Indianapolis assisted Citimark with the purchase.
Redevelopment planning for the infill 27-acre site is currently underway. Uses being considered for the redevelopment strategy include single or multi-tenant flex, industrial, and last-mile uses while preserving the flexibility for some retail .
The current site consists of over 400,000 square feet of office, industrial, and showroom buildings. The campus previously served as the headquarters for major consumer electronics and home appliances retailer – as well as its warehouse, distribution and retail showroom functions. The facility has been vacant since the company ceased operations in 2017.
Citimark purchased the property on December 24, 2020.
Marketing the redevelopment project for Citimark will be Colliers Indianapolis brokers, Jimmy Cohoat and Brian Zurawski.