**CBRE Facilitates $25.35M Sale of Industrial Property in Indiana**
CBRE has arranged the sale of Park 130 Building 5, a 235,840-square-foot industrial facility located at 6353 Commerce Drive in Whitestown, Indiana. The property was acquired by a private high-net-worth buyer from California for $25.35 million in an all-cash transaction.
The CBRE team representing the private seller included Kevin Foley, Austin Wolitarsky, and Anthony DeLorenzo, as well as local market experts Andrew Morris and Jeremy Woods.
Park 130 Building 5 is fully leased to three tenants: Charles Industries, Canature WaterGroup U.S.A., and Weaver Popcorn Manufacturing, which is currently subleasing its space to BMWC Constructors, Inc.
“California private capital continues to show strong interest in the Indianapolis and Midwest markets, and our team is uniquely positioned to source that capital,” said Foley. “With Indianapolis’ industrial fundamentals remaining strong, this building checked all the boxes occupiers demand in site selection—optimal location, modern infrastructure, deep and skilled labor pools, economic incentives, and the latest in distribution center facility design.”
