December 18, 2018
Chicago-based Dayton Street Partners has acquired a 142,000-square-foot industrial building in Indianapolis, IN. Pricing and seller were not disclosed.
Built in 1991 and strategically located near Indianapolis International Airport and downtown Indianapolis, 2513-2515 So. Holt Rd. recently underwent a $1.5 million renovation. The building is fully-leased to Covanta Holding Corporation, which houses its non-hazardous liquid treatment business on-site.
“This transaction represents Dayton Street’s first strategic acquisition in Indianapolis,” said DSP managing principal Howard Wedren. “It falls in line with our niche of acquiring value-add, high-barrier to entry institutional quality assets.”
Josh Joseph, Matt Tarshis and Andrew Rubin of Frontline Real Estate Partners represented the seller in the transaction.
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