August 13, 2020
CBRE arranged the sale of Fishback 4, a 604,000-square-foot speculative industrial building within Fishback Creek Business Park, Whitestown, IN. SVP Terry Busch and VP Jared Scaringe, both of CBRE’s Indianapolis office, represented the seller, INDHLAND LLC, in the transaction.
The property was purchased by Exeter Property Group. A sale price was not disclosed.
The sale of Fishback 4 represents the latest in a flurry of activity within Fishback Creek Business Park. GDI Companies, the master-planned industrial park’s developer, is initiating the second phase of development there, which will add another 1.5 million square feet.
“The rate of delivery of new space in this market has caught the eye of capital groups from coast to coast,” said Busch. “The industrial sector is seeing a continued increase in demand to meet consumer needs and developments like Fishback Creek Business Park are keeping Indianapolis on short lists for national distribution chains.”
Photo courtesy Wabash Valley Power Alliance.
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