Live Breaking News & Updates on Indianapolis Based Strategic Capital Partners

The seller of the 73.4-acre site, located at
3864-3872 Logistics Way near an Amazon facility, was an LLC that paid $6 million for the land in early 2017. A massive warehouse (pictured above in a mid-2020 photo) now sits on the property. The LLC is affiliated with Distribution Realty Group, which is co-based in Chicago and Nashville.
According to its website, DRG has acquired and developed sites with industrial buildings offering a collective more than 4.3 million square feet and with a total market capitalization in excess of $330 million.
The new owner is Madison, New Jersey-based PGIM Real Estate, which is affiliated with PGIM Inc., the former Prudential Investment Management. PGIM is the $1.3 trillion global asset management business of Prudential Financial Inc. ....

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