Indianapolis

CBRE Global Investors Acquires 505,872-Square-Foot Logistics Asset Outside Indianapolis

03 Aug 2021

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Senior Director, Corporate Communications

A fund sponsored by CBRE Global Investors has acquired a brand new 505,872-square-foot warehouse/distribution property in Greenfield, Ind. The Class A asset, known as Mount Comfort Logistics Center II (“Mount Comfort”), was delivered in the first quarter of this year and is 100 percent leased.

Located at 4268 West County Road 300 North, Mount Comfort sits on a 42.78-acre site and features 36’ clear height; 54’ X 50’ column spacing; 50 dock doors, with an opportunity to add 80 additional dock doors; three drive-in doors; 50 trailer parking spaces, with an option to add 83 additional spaces; and 155 auto parking spaces. The facility is expandable by more than 220,000 square feet to accommodate potential tenant expansion.

“We believe that Mount Comfort is an extremely well-located asset on the east side of Indianapolis, providing users access to a strong labor pool and excellent interstate connectivity,” said Gary Jaye, Head of Americas Logistics Operator Division for CBRE Global Investors. “The Indianapolis MSA has more than 330 million square feet of industrial product with a tight vacancy rate. This area is a key transportation hub, offering users access to the second largest FedEx Air Hub in the United States, five Class I railroads, and substantial freeway infrastructure, providing access to over 75% of the United States and Canadian population within a 24-hour drive.”

Mount Comfort is less than 25 miles East of the FedEx Air Hub at the Indianapolis International Airport, and the property affords users immediate access to I-70, a major east/west thoroughfare in the United States.

About CBRE Global Investors
CBRE Global Investors is a global real assets investment management firm with $129.1 billion in assets under management* as of June 30, 2021. The firm sponsors investment programs across the risk/return spectrum for investors worldwide.

CBRE Global Investors is an independently operated affiliate of CBRE Group, Inc. (NYSE:CBRE). It harnesses the research, investment sourcing and other resources of the world’s largest commercial real estate services and investment firm (based on 2020 revenue) for the benefit of its investors. CBRE Group, Inc. has more than 100,000 employees serving clients in more than 100 countries. For more information about CBRE Global Investors, please visit www.cbreglobalinvestors.com

*Assets under management (AUM) refers to the fair market value of real assets-related investments with respect to which CBRE Global Investors provides, on a global basis, oversight, investment management services and other advice and which generally consist of investments in real assets; equity in funds and joint ventures; securities portfolios; operating companies and real assets-related loans. This AUM is intended principally to reflect the extent of CBRE Global Investors’ presence in the global real assets market, and its calculation of AUM may differ from the calculations of other asset managers.