Avison Young Brokers Sale of 353,000 SF Indianapolis Industrial Building

by Kristin Harlow

INDIANAPOLIS — Avison Young has brokered the sale of a 353,000-square-foot industrial building in Indianapolis. Located at 7901 W. 21st St., the facility is fully leased to Venture Logistics LLC and Iron Mountain Inc. Built in 1985 and renovated in 1994, the property features 31 dock doors and three drive-in doors. Venture Logistics, a privately owned transportation company, occupies 85 percent of the building. Erik Foster, Mike Wilson, Sean McHale and Steve Schaub of Avison Young represented the seller, an institutional owner. Plymouth Industrial REIT purchased the asset for $12.1 million.

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