Colliers International has closed the sale of 998 Gerdt Ct, a new 132,000-square foot institutional warehouse in Greenwood, IN. Construction on the the Class A modern bulk building was completed in December of 2016.
The property was 100% pre-leased to two national brands prior to its completion: Peltz Shoes and MaxLite. With strong connectivity to the highway system, as well as other industrial users, 998 Gerdt is an ideal location for its tenants. Sitting on over 10 acres and surrounded by national tenants such as FedEx Supply Chain, Caterpillar, Ulta, Celadon, and Nestle Waters, the new top-in-class building features a clear height of 32’, a rear load configuration, and optimal 50’ x 60’ column spacing, all characteristics which significantly distinguish it from its peer set.
Alex Cantu, head of investment sales with Colliers International | Indianapolis, marketed the property with Executive Vice President Brian Zurawski and Senior Vice President Jason Speckman on behalf of Shear Property Group. Exeter Properties purchased the asset.