Tuesday, June 30, 2026
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Indiana

IndianaIndustrialLeasing ActivityMidwest

Prime Beverage Group to Occupy 915,720 SF Industrial Facility in Metro Indianapolis

by Kristin Harlow

FAIRLAND, IND. — Prime Beverage Group, a beverage contract manufacturer, has expanded into the Indianapolis market. The company has secured approvals to establish a beverage production facility in Fairland, a southeast suburb of Indianapolis. The property is part of Velocity 74 Trade Center, an industrial development from Browning Real Estate Partners. The tenant also maintains production and warehousing operations in North Carolina. According to Prime, the new Midwest location will provide improved supply chain efficiency, faster turnaround times and greater accessibility for its brand partners in Midwest markets. The Indiana facility totals 915,720 square feet. Warren Snowdon of Foundry Commercial and Brian Zurawski of Colliers represented Prime. Jimmy Cohoat and Jason Speckman of Colliers represented Browning.

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AcquisitionsIndianaIndustrialMidwest

JLL Brokers Sale of 826,687 SF Industrial Portfolio in Suburban Indianapolis

by Kristin Harlow

BROWNSBURG, IND. — JLL Capital Markets has brokered the sale of Park 74 Commerce Center, a two-building industrial portfolio totaling 826,687 square feet in Brownsburg within metro Indianapolis. The portfolio includes a 580,884-square-foot cross-dock facility and a 245,803-square-foot rear-load building, both constructed in 2024. Building features include clear heights of 40 and 32 feet, 84 dock doors, ample trailer parking and connectivity to the CSX railway via an active rail spur. The properties are fully leased to three tenants representing abrasives manufacturing, electric motors and flexible film production. The assets provide immediate access to I-74 via Ronald Reagan Parkway. Sean Devaney, Kurt Sarbaugh, Ed Halaburt, Ross Bratcher, Cameron Chandra and Luke Davis of JLL represented the sellers, Brennan Investment Group and RGA ReCap Inc., on behalf of Reinsurance Group of America Inc. Brian Buschuk and Brian Seitz provided local market expertise out of JLL’s Indianapolis office. Buyer information was not provided.

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AcquisitionsIndianaIndustrialMidwest

CBRE Arranges Sale of Newly Converted 112,862 SF Industrial Building in Northern Indiana

by Kristin Harlow

ELKHART, IND. — CBRE has arranged the sale of a 112,862-square-foot industrial building located at 3701 S. Main St. in Elkhart. CBRE’s Will Roberts, Steve Timmel and Chris Deutscher represented the seller, Industrial Commercial Properties, which redeveloped the former Concord Mall into Concord Business Park. The project to convert the former JC Penney store included a full interior demolition, increased clear heights and the addition of loading docks and drive-in doors. The property was fully leased at the time of sale to LEER Group. Vault Equity Partners was the buyer.

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AcquisitionsIndianaIndustrialMidwest

Colliers Negotiates Sale of 324,880 SF Industrial Facility in Indianapolis

by Kristin Harlow

INDIANAPOLIS — Colliers has arranged the sale of County Line Commerce Park Building II, a 324,880-square-foot industrial facility in southern Indianapolis. Built by Peterson Construction in 2025 as a build-to-suit project, Building II sits on 26.8 acres and features a clear height of 36 feet, 25 dock-high doors and 330 parking spaces. The building is the first to be completed within County Line Commerce Park, a 117-acre master-planned industrial complex that is planned to eventually feature four industrial buildings, two retail outlets and a hotel. Alex, Cantu, Alex Davenport, Jeff Devine, Steve Disse and Tyler Ziebel of Colliers represented the seller, a joint venture between Citimark and developer Gershman Partners, in the transaction. The buyer, Alfa Laval, a Swedish heating equipment manufacturer, occupies the facility for its North American manufacturing, testing and research and development headquarters.

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AcquisitionsIndianaMidwestOfficeRetail

Cushman & Wakefield Brokers $12.3M Sale of Office, Retail Property in Carmel, Indiana

by Kristin Harlow

CARMEL, IND. — Cushman & Wakefield has brokered the $12.3 million sale of Monon & Main, a four-story, 34,650-square-foot office and retail property located at 211 W. Main St. in the northern Indianapolis suburb of Carmel. Situated in the Carmel Arts & Design District, Monon & Main was fully leased at the time of sale. Built in 2018, the property is comprised of 79 percent office and 21 percent retail space. Rebecca Wells of Cushman & Wakefield represented the seller, a private partnership led by the Hannum family. The buyer was a private investor.

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DevelopmentIndianaMidwestMultifamily

Buckingham to Open Portrait Midtown Luxury Apartment Community in Metro Indianapolis This Summer

by Kristin Harlow

CARMEL, IND. — Buckingham Cos. will open Portrait Midtown, a luxury apartment community in Carmel. Move-ins are scheduled to begin later this summer. Residents can choose from one-, two- and three-bedroom apartments as well as two- and three-bedroom townhomes. Situated near the city’s Midtown Arts District, the property features a micro market, two fitness studios, grilling stations, a dog park, resort-style pool and fire pits. Residents can work from home in the lounges, coworking spaces and outdoor plaza areas. Additional amenities include valet trash removal, rentable storage, electric vehicle charging and a 400-stall parking garage. Two public art installations in the community include a large-scale installation by London-based public art studio Acrylicize and a custom mural by Carl Leck of CBL Imagery.

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Affordable HousingDevelopmentIllinoisIndianaLoansMichiganMidwestMinnesotaMultifamilyWisconsin

Cinnaire Closes $307M LIHTC Equity Fund for 2,259 Affordable Housing Units Across 10 States

by Kristin Harlow

LANSING, MICH. — Lansing-based Cinnaire has closed a $307 million Low-Income Housing Tax Credit (LIHTC) equity fund, Fund for Housing LP 45, which will finance the creation and preservation of 2,259 affordable housing units across 27 properties in 10 states. Fund 45 will support multifamily development in Delaware, Illinois, Indiana, Maryland, Maine, Michigan, Minnesota, Pennsylvania, Virginia and Wisconsin. Specific projects include 3rd Avenue Flats in Dilworth, Minn., and The Argus Apartments in Verona, Wis. A new-construction development, 3rd Avenue Flats will bring 44 affordable housing units, five of which will be reserved for people with disabilities and four of which will be designated for households experiencing high-priority homelessness. The developer, Commonwealth Holdings IV, will partner with Lakes & Prairies Community Action Partnership to provide access to the state’s community coordinated entry system CARES, which provides access to all homeless housing programs as well as emergency resources to prevent households from falling into homelessness. The Argus Apartments is also a new development that will provide 60 affordable housing units, including nine reserved for individuals with developmental, physical or mental disabilities. Social services provider Lutheran Social Services will provide onsite services to the nine Permanent Supportive Housing units. The project developers are …

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AcquisitionsIndianaMidwestRetail

Colliers Brokers Sale of 82,847 SF Avalon Crossing Shopping Center in Indianapolis

by Kristin Harlow

INDIANAPOLIS — Colliers has brokered the sale of Avalon Crossing Shopping Center, an 82,847-square-foot neighborhood retail center in Indianapolis. Alex Davenport, Rachel Patten and Alex Cantu of Colliers, along with Seth Biggerstaff of Veritas Realty, represented the seller, Landmark Properties. The buyer was Ziff Real Estate Partners. Tenants at the property include Starbucks, Dollar Tree, Jimmy John’s, George’s Neighborhood Grill and Anytime Fitness. The three-building center was 92.6 percent leased to 18 tenants at the time of sale.

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AcquisitionsIndianaMidwestRetail

Hanley Investment Group Arranges $5.3M Sale of Indiana Retail Center

by Kristin Harlow

TERRE HAUTE, IND. — Hanley Investment Group Real Estate Advisors has arranged the $5.3 million sale of Eastview Commons, a newly constructed, four-tenant retail property in Terre Haute. Hanley’s Dylan Mallory, in association with ParaSell Inc., represented the seller, Terre Haute-based Gibson Development. The buyer was a private investor based in Pennsylvania. Built in 2025, Eastview Commons is fully occupied and anchored by Chipotle. Additional tenants include Azzip Pizza, Route 46 Liquors and Nailvana. The 9,140-square-foot property is positioned as a pad to a Walmart Supercenter and is located less than a quarter-mile from the planned Lost Creek Landing, a new shopping center by Gibson Development.  

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AcquisitionsIndianaMidwestRetail

Encore Brokers $13.8M Sale of Shopping Center in Mishawaka, Indiana

by Kristin Harlow

MISHAWAKA, IND. — Encore Real Estate Investment Services has brokered the $13.8 million sale of Town & Country Shopping Center, a 382,139-square-foot power center situated on 40 acres in Mishawaka. The grocery-anchored property is home to a mix of national, regional and local tenants. Noah Dalaly and Danny Samona of Encore represented the buyer, a California-based investment firm, and the seller, a private family office in Lugano, Switzerland.

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