INDIANAPOLIS – Transwestern Investment Group (TIG®) announces it has acquired Ameriplex 4 on behalf of a separately managed account. The property, a 912,522-square-foot Class A industrial asset located at Ameriplex Parkway and I-70 in Indianapolis, Indiana, is fully leased by PepsiCo’s Quaker Sales & Distribution Inc.
“This acquisition complements our strategy to acquire highly functional, core assets in major logistics markets across the country,” said Andy Norman, Director, TIG. “Robust interstate, air freight and railroad connectivity underpin Indianapolis’s status as an important transportation hub in a thriving industrial market. Ameriplex 4’s location, coupled with the building being fully leased, made this a highly attractive opportunity.”
Located in the Plainfield submarket of Indianapolis, Ameriplex 4 is situated 3 miles south of Indianapolis International Airport and the second-largest FedEx Express hub in the United States. The location also offers convenient access to major thoroughfares, including Interstates 70, 69, 74, 65, and 465. These routes allow for distribution to 80% of the U.S. population within a one-day drive and nearly cross-country access within a two-day drive.
Due to its prime location, the Plainfield submarket continues to experience significant demand for industrial space, which has led to years of strong net absorption and stable vacancy rates. According to Transwestern research, the Indianapolis industrial market ended the third quarter of 2022 with 3.8% vacancy and posted annual rent growth of 16.1%.
CBRE’s Mike Caprille, Ryan Bain and Zach Graham brokered the deal.
Photos available for download here.
About Transwestern Investment Group
Transwestern Investment Group (TIG®) is a real estate investment adviser with $5.3 billion of assets under management. The firm serves a broad range of institutional and high-net-worth investors with its full-service investment management and Transwestern’s integrated operating platform.
The privately held Transwestern companies have been delivering a higher level of personalized service and innovative real estate solutions since 1978. Through an integrated, customized approach that begins with good ideas, the firm drives value for investors across commercial real estate services, development, investment management, and opportunistic endeavors for high-net-worth investors. Operating from 33 U.S. offices, Transwestern extends its platform capabilities globally through strategic alliance partners whose unique geographic, cultural, and business expertise fuels creative solutions. Learn more at transwestern.com and @Transwestern.
This document does not constitute an offer, solicitation or recommendation to sell or an offer to buy any securities, investment products or investment advisory services. Any offer or solicitation will be made only pursuant to a confidential private placement memorandum and subscription documents (the “Offering Materials”) and will be subject to the terms and conditions contained in such Offering Materials.
The investors included in this press release were not selected based on performance, but because they are some of the largest well-known investors with similar strategic alliances. It is unknown whether these investors approve or disapprove of TIG or its services or products.
Media Contact:
Molly McMurtry
713.231.1571
molly.mcmurtry@transwestern.com
twmediarelations@transwestern.com
