Commercial real estate news releases from Avison Young

Quarterly and topical research insights to help your business gain competitive edge in commercial real estate.

Avison Young arranges purchase and leasing of Indianapolis industrial property

Avison Young arranges purchase and leasing of Indianapolis industrial property July 18, 2023

Property recently converted from single-tenant space to three-tenant space

Indianapolis, IN – Avison Young has arranged the purchase and leasing of a 22,000-square-foot (sf) commercial industrial property at 1407 N. Harding Street in Indianapolis, IN on behalf of 1231 Roosevelt LLC. The property was recently repositioned from single-tenant to three-tenant spaces and is currently fully leased to occupants Utility Asset Buyers, Indiana University (IU) Health, and Bardales Seafood.

The buyer, 1231 Roosevelt LLC, was represented by Peter Seoane, Vice President based in Avison Young’s Indianapolis office. Utility Asset Buyers represented themselves, IU Health was represented by Ralph Balber and Emily Merten of ALO Property Group, and Bardales Seafood was represented by Brian Epstein of Urban Space Commercial Properties.

“This was a unique property to bring to a robust industrial market,” said Seoane.  ”Given its recent interior and exterior renovations, it was more attractive to the 5-10,000-sf tenant pool seeking quality space for their growing operations.”

Utility Asset Buyers will utilize their space for decommissioning services for oil/air-filled electrical testing equipment, IU Health will store health supplies, and Bardales Seafood, which is new to Indianapolis, will use their space to process East Coast fresh seafood for distribution to local restaurants and seafood markets.

“We were fortunate to bring this property to market after adapting it from a single-user building to three new, high-quality spaces,” said Jay Walter, owner of 1231 Roosevelt LLC. “We are excited to enable expansive growth for local companies that support our community for the foreseeable future.”

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.

Avison Young is a 2023 winner of the Canada' s Best Managed Companies Platinum Club designation, having retained its Best Managed designation for 12 consecutive years.

For more information:

  • Download property photo here.


  • Nathan Reyna, Regional Media Relations & Content Specialist, Northeast/Central: +1.917.877.1697