January 19, 2018
Dallas-based Hillwood acquired four Class A industrial buildings totaling 1.1 million square feet in Indianapolis. Two properties in Plainfield, IN were sold by Northwestern Mutual for $38.8 million. A third property in Indianapolis was sold by Panattoni for an undisclosed amount.
Hillwood’s Tom Fishman says, “We are proud to expand our footprint in the thriving Indianapolis market. These acquisitions are consistent with our strategy to acquire and develop high-quality, functional industrial real estate in major U.S. markets.”
The assets included
– Airwest 12: (pictured) totaling 448,305 square feet, located at 2301 Reeves Rd., Plainfield, IN
– Airwest 14: totaling 476,225 square feet, located at 2201 Reeves Rd., Plainfield, IN
– Company Drive Commerce Center: two buildings, one totaling 60,480 square feet, at 7515 Company Dr., and another totaling 100,800 square feet at 7535 Company Dr. in Indianapolis
For comments, questions or concerns, please contact Dennis Kaiser