Greenstone Partners has brought a newly constructed industrial property in Northwest Indiana to market, announcing the exclusive listing of The Avanti in Merrillville. The multi-tenant shallow-bay facility is located at 503 East 98th Avenue within the AmeriPlex at the Crossroads business park, positioning the asset in one of the region’s established logistics corridors.
Completed in 2024, The Avanti totals 50,784 square feet and is fully leased. The building’s shallow-bay configuration is designed to serve a range of industrial and logistics users, and the current occupancy provides investors with in-place income from a diverse tenant base. The property is being marketed by Jason St. John, managing partner at Greenstone Partners, and is offered at a list price of $9.5 million.
The tenant roster at The Avanti features a mix of national and local users. Snyder’s-Lance, Inc., a subsidiary of The Campbell’s Company, occupies space as a national credit tenant. AutoMAK and Innovated Manufacturing also lease space in the building and maintain their headquarters operations on-site. This blend of credit-quality tenancy and established local operators is presented as supporting durable cash flow and long-term income stability for a future owner.
St. John characterized the offering as a rare chance to acquire a recently delivered, fully leased industrial asset in a high-performing Midwest logistics market. According to his comments, demand for modern shallow-bay industrial facilities in Northwest Indiana continues to exceed available supply. He attributed this imbalance in part to the area’s transportation infrastructure, comparatively lower operating costs, and ongoing business investment activity that together support the industrial user base.
The Avanti benefits from a location approximately 45 miles southeast of downtown Chicago, with direct access to Interstates 65 and 90/94 as well as U.S. Highway 30. This connectivity ties the property into regional and national distribution networks serving the broader Chicago-area industrial market. For prospective buyers, the combination of modern construction, full occupancy, national and local tenancy, and established highway access frames the asset as a stabilized industrial investment opportunity within Northwest Indiana’s logistics landscape.
