145
INDIANAPOLIS — Cronheim Mortgage has arranged $14 million in acquisition financing for Monmouth Real Estate Investment Corp. to acquire a new distribution facility in Indianapolis. The 327,862-square-foot property is located in Ameriplex Industrial Park. The facility is situated immediately off of I-70 and is in close proximity to I-65 and I-74. Dev Morris and Andrew Stewart of Cronheim secured the 10-year, fixed-rate loan through American United Life Insurance Co.