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Colliers sells four-building industrial portfolio in Indianapolis May 19, 2021
Colliers has closed the sale of Park Elmwood, a four-building light industrial portfolio at 5602-5508 Elmwood Ave. in Indianapolis, Indiana.
The 133,200-square-foot portfolio sits on nine-and-a-half acres less than a mile from I-465 in the city’s south submarket.
Alex Cantu and Alex Davenport with Colliers of Indianapolis facilitated the transaction on behalf of the seller, Dominion Realty, Inc., an Indianapolis-based real estate company specializing in multifamily and commercial properties throughout the Midwest. Hornet Investments, LLC purchased the assets.
Originally built in 1978, the portfolio features 16-foot clear height, 44 dock doors, 44 drive-in doors, shared truck courts and 33,000 square feet of office space, providing flexibility to meet tenants’ specific business needs. Park Elmwood is currently 98.2 percent occupied by a diverse set of 61 tenants and bo
Riverside on the James, LL Flooring headquarters sell for combined $93M
Mike Platania photos)
More than $90 million of out-of-town money swooped into the Richmond market in recent days to fuel a pair of sizable office building acquisitions.
Riverside on the James, an office and condo tower at 1001 Haxall Point, sold this week for $77 million, while the LL Flooring headquarters building at Libbie Mill Midtown at 4901 Bakers Mill Lane sold for $15.9 million.
Both deals were recorded with Richmond and Henrico this week.
Totaling 15 stories and 264,000 square feet, Riverside on the James was purchased by New York’s Opal Holdings. The seller was D.C.-based American Real Estate Partners, which bought the building for $63.7 million in 2011 from its original developer, Dominion Realty Partners.
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