Colliers International has closed the sale of Binford Business Center, a flex facility located at 5060 E 62nd Street in Indianapolis. The 36,188-square foot center is on the northeast side of Indianapolis with prime visibility along Binford Boulevard.

Alex Davenport, investment sales associate with Colliers International | Indianapolis, facilitated the transaction on behalf of the seller, HBC I LLC. Gary Perel of ALO Property Group represented John McElroy, who purchased the asset.

Located on one of the premier commercial corridors connecting downtown Indianapolis and Broad Ripple to the suburbs, this asset offers unmatched visibility and immediate I-69 access. Binford Business Center is home to a mix of office, flex and retail tenants such as The Small Mall, Stepping Stones Child Care, The Milk Bank, and Webster’s Sporting Goods.