Description

• 740,000 square foot stabilized asset acquisition following a highly competitive build-to-suit process where multiple developers competed.
• The building was acquired with a fund relationship we established with a middle eastern group.  Following this acquisition, the fund purchased multiple other assets around the country that met the fund’s objectives.
• The Plainfield submarket has remained the primary submarket for the Indianapolis region due to its proximity to Indianapolis and the International Airport, the large FedEx processing center and its location along I-70 which is a primary trucking corridor.