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Avison Young brokers a 979,264 square-foot of industrial building in IndianapolisJune 23, 2022
Indianapolis, IN – Avison Young announced today that it has negotiated the sale of Building 5 in the 2.4 million-square-foot Master Planned Whiteland Exchange Business Park, located at I-65 and Whiteland Road in Whiteland, IN.|
Jones Development, the seller, was represented by Avison Young Principal Sean McHale, SIOR, and Vice President Peter Seoane, both in the firm’s Indianapolis office. The Indianapolis team was also the exclusive leasing agent for Whiteland Exchange.
The buyer was DHL Supply Chain.
“Jones Development Company was the first developer to focus on a becoming part of the Whiteland, IN business community making it a major submarket in Johnson County,” said McHale. “Total investment in the Whiteland Exchange Business Park is in excess of $100M and hundreds of new good paying jobs in the Whiteland community,” added Seoane.
Whiteland Exchange was designed to provide Central Indiana with investment grade industrial space for lease, sale and build-to-suit opportunities. The development is along the I-65 distribution corridor in Johnson County, which has experienced strong industrial demand and absorption over the past several years. The county is the 5th fastest growing county in Indiana and has a strong labor force within a 30-mile radius of this development.
Avison Young creates real economic, social and environmental value as a global real estate advisor, powered by people. As a private company, our clients collaborate with an empowered partner who is invested in their success. Our integrated talent realizes the full potential of real estate by using global intelligence platforms that provide clients with insights and advantage. Together, we can create healthy, productive workplaces for employees, cities that are centers for prosperity for their citizens, and built spaces and places that create a net benefit to the economy, the environment and the community.
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Download property photo: I-65 and Whiteland Road
- Jéntill Neal, Media Relations, Midwest: +1.312.796.0380