Time Equities, Inc. has recently completed the acquisition of a 55,000-square-foot industrial warehouse in Indianapolis, Indiana for $3.275 million. The property is located in northwest Indianapolis and is anchored by R&R Plumbing, a Berkshire Hathaway affiliate with a 94% occupancy rate.
The TEI Investment Team led by Max Pastor and Brian Soto successfully executed this acquisition opportunity. Colliers Indianapolis represented the seller through Brian Dell while Tony Hupp and Ryan Kelly also from Colliers will be responsible for leasing the property on behalf of TEI.
According to Executive Vice President Max Pastor, “The purchase of 1840 Midwest presented an excellent opportunity for TEI to acquire a versatile asset suitable for light manufacturers, local distributors and other shallow-bay users in an active industrial location.” This strategic investment was made possible through careful consideration by our team at TEI who are dedicated to identifying profitable opportunities within dynamic markets like this one.
