Colliers International has closed the sale of the Post Park and Shadeland Business Center Portfolio in Indianapolis, IN, comprised of 8740 Boehning Ln, 8719 - 8813 Boehning Ln, 8825 - 8909, 2150 Boehning Ln, and 3140-3192 N Shadeland Ave. The light industrial portfolio totals 231,803 sf and is located in the east industrial market of Indianapolis.
Alex Cantu, head of investment sales with Colliers International | Indianapolis, facilitated the transaction on behalf of the seller. Congaree River LLC, an investment manager based out of Chicago, IL purchased the asset.
Located on the east side of Indianapolis, IN, the Post Park and Shadeland Business Center Portfolio offers I-70 visibility and immediate I-70 and I-465 access. The portfolio is home to national credit tenants such as Honeywell, Fastenal, Pepperidge Farms, Tronitech, and Carrier Corporation.
“We were excited to work with Colliers in closing this transaction,” Francis Biedler VI of Congaree River commented. “These properties fit our profile of investing in established multi-bay light industrial assets. These assets tend to provide long-term cashflow throughout the cycle.”
The Post Park and Shadeland portfolio represents Congaree’s second acquisition in Indianapolis. The investment manager also owns assets in Memphis, TN, Tampa, FL, Manchester, CA, and Chicago, IL.