Colliers International has closed the sales of two single tenant net leased industrial facilities in Park 100, on the northwest side of Indianapolis, the market’s largest industrial park. Park 100 Building 133 is located at 5251 E 81st Street and Park 100 Building 641 is located at 6061 Guion Road.
Alex Cantu and Alex Davenport, with Colliers International of Indianapolis, facilitated both transactions on behalf of the seller, Shear Property Group. Tower Investments, LLC, an investment manager based out of Woodland California, purchased the assets. Thomas Willey, of Reliant Partners, represented the buyer.
Park 100 Building 641 is an 87,064-square foot CSX rail served manufacturing and distribution facility. The property is 100% leased to Mauser Packaging Solutions, a long-term occupier of the facility. Park 100 Building 133 is a 20,530-square foot warehouse facility which is 100% leased to Iron Mountain Information Management. Park 100 is a 19 million square foot industrial park offering near immediate access to the city’s I-465 loop.
Tower Investments, LLC owns and self-manages a diverse portfolio of real estate and debt instruments secured by real estate throughout the United States. Tower’s national portfolio consists of commercial and retail buildings, office and flex space buildings, event venue and restaurant buildings, commercial manufacturing and distribution buildings, hotels, parking garages, residential subdivisions and ranches.