Strawberry Fields REIT LLC closed on a $4.4 million loan from the U.S. Department of Housing and Urban Development (HUD) to refinance the Waters of Scottsburg, a 99-bed, skilled nursing facility in Scottsburg, IN. The new loan offered a 35-year term and a 3.7% fixed interest rate. South Bend, IN-headquartered Strawberry Fields acquired the property
Global logistics provider Kuehne + Nagel expanded into 133,800 square feet at Gateway Business Park in Plainfield, IN. The Swiss-based firm leased an additional 78,300 square feet in the newly-built distribution center located at 845 S. Columbia Rd. HSA Commercial Real Estate developed the 151,200-square-foot Gateway Industrial IV in partnership with Boston-based Washington Capital Management.
Rosemont, IL-based Brennan Investment Group, LLC acquired a 20-building industrial portfolio, totaling more than two million square feet across nine states, from Barnett Capital for $84 million. The 100%-leased portfolio is located mainly in Chicago, Kansas City, and Pittsburgh and consists primarily of warehouse, distribution and light manufacturing facilities. Five properties are located in the
Indianapolis-based Duke Realty Corporation is selling its medical office business and remaining portfolio to a subsidiary of Healthcare Trust of America, Inc. for $2.8 billion. Duke is now positioned as a pure play domestic industrial REIT. The transaction, which is expected to close over the second and third quarters of 2017, includes a MOB portfolio of
Chicago-based Brennan Investment Group, LLC acquired a three-building industrial portfolio totaling 482,683 square feet in three markets: Chicago, Indianapolis and Bakersfield, CA. The seller and price were undisclosed. The properties involved include: -5804-08 Churchman Bypass, Indianapolis, IN (206,272 square feet) -5801 District Blvd., Bakersfield, CA (232,396 square feet) -4050 Ryan Rd., Gurnee, IL (43,475 square feet) Brennan
Indianapolis-based Duke Realty Corporation completed 1.5 million square feet in leases in Cincinnati during the first half of 2017. The leasing activity involved new leases with several customers, as well as expansions and renewals by existing tenants. Duke’s Dan Colletto says, “We continued to see ongoing interest in our Cincinnati properties from both new and
Sealy & Co. nabbed the seven-building, Class A industrial portfolio known as North by Northwest, in Park 100, at 86th Street and Georgetown Road in Indianapolis. A price was undisclosed. Seller Biynah Industrial Partners (BIP) and Alex Brown Realty acquired the 1.1-million-square-foot, seven-story property for $30 million in 2009. The portfolio consists of buildings ranging
Thor Motor Coach is expanding operations in Elkhart, Wakarusa, and Bristol, IN. The growth in northern Indiana involves more than a 500,000 square feet of additional workspace, which will increase the motorhome manufacturer’s five Elkhart County campuses to 2.3 million square feet, spread across 300 acres. Thor Motor Coach’s Jeff Kime says, “We are expanding our
A joint venture between Indianapolis-based Browning Investments and Duke Realty executed a long-term lease agreement for a 251,080-square-foot, build-to-suit for Facility Concepts, Inc. in Whitestown, IN. The 17-acre site fronts Interstate 65, and is within AllPoints at Anson, a 616-acre industrial park under development by Browning/Duke Realty. The master-planned park is located northwest of Indianapolis
Browning/Duke LLC, a joint venture between Browning Investments and Duke Realty, executed a long-term lease agreement for a 400,140-square-foot, build-to-suit distribution facility for Brooks Running Company. Brooks, a designer and marketer of running shoes, apparel and accessories and a subsidiary of Berkshire Hathaway, will use the facility as its North American distribution center. The facility
