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As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe NowThese news notes appeared in IBJ’s Real Estate Weekly on June 22, 2021:
Sales:
JP Transport has purchased 13.09 acres at 5521 and 5700 Mendenhall Road and 5546 Kentucky Ave. The seller, Central Indiana Land Trust, was represented by Brian Dell of Colliers International. The buyer represented itself.
Coffey Estates LLC has purchased a 11,966-square-foot industrial building on 3.95 acres at 1014 S. Post Road. The seller, Urbanus Properties LLC, was represented by Brian Dell of Colliers International. The buyer was represented by Jeorge Manley and Korey Ryan of Colliers International.
SA&AL Properties LLC has purchased 13.7 acres at 1705 W. Elper Ave. The seller, William A. Oates III & Cathy R. Oates and Ruth Ellen Fagg Revocable Trust, was represented by Kurt Meyer of Baseline Commercial. The buyer, SA&AL Properties LLC, was represented by Brian Dell of Colliers International.
Red Rock Developments LLC has purchased 2.55 acres at 2625 N. Buck Creek Road, Greenfield. The seller, Terrance Jungels and Mark Cavin, were represented by Cam Kucic, Matt McGrady and Korey Ryan of Colliers. The buyer, Red Rock Developments, was represented by Michael Weishaar of Cushman & Wakefield.
Caito Foods has purchased 117,500 square feet at 8735 E. 33rd St. The seller, Caito Foods, was represented by Chip Barnes and Brian Buschuk of JLL. The buyer, Greenleaf Foods, was represented by Cam Kucic of Colliers.
CTC Commercial Team Construction has purchased 11.41 acres at 6926 E. 16th St. The seller, Park Properties Inc., was represented by Brad Williams of Colliers. The buyer, Commercial Team Construction LLC, was represented by Cam Kucic, Matt McGrady and Korey Ryan of Colliers.
Leases:
A&H Trucking & Repair has leased 8,250 square feet at 2321-2337 Executive Drive. The landlord, PF Realty LLC , was represented by Tyler Wilson of Colliers. The tenant, A&H Trucking & Repair, was represented by Cam Kucic, Matt McGrady and Korey Ryan of Colliers.
Light Speed Utility LLC has leased 3,000 square feet at 2643-2707 Rand Road. The landlord, Wacreb LLC, was represented by Cam Kucic and Matt McGrady of Colliers. The tenant, Light Speed Utility LLC, represented itself.
Kid Glove Warehousing LLC has renewed its lease of 125,000 square feet at 4750 Kentucky Ave. The landlord, LIT Industrial Limited Partnership, was represented by Bryan Poynter of Cushman & Wakefield. The tenant, Kid Glove Warehousing LLC, was represented by Cam Kucic and Mike Lubbers of Colliers.
City Electric Supply has leased 9,434 square feet of industrial space at 1729 S. U.S. 31, Greenwood. The landlord, David RAE Development LLC, was represented by Brian Dell of Colliers International. The tenant, City Electric Supply, was represented by Abigail Sievers of Cushman & Wakefield.
Saran Realty LLC has leased 5,900 square feet of industrial space at 8727 Commerce Park Place. The landlord, Ziff Properties Inc., was represented by Tyler Wilson and Jason Speckman of Colliers International. The tenant, Saran Realty LLC, was represented by Brian Dell of Colliers International.
CalTech has leased 2,500 square feet at 5636-5644 S. Meridian St. The landlord, South Meridian Park LLC, was represented by Brian Dell of Colliers. The tenant, CalTech Inc., represented itself.
Construction:
Mattingly Construction has completed construction of a 22,950-square-foot office for Williams Comfort Air Group, 10640 E. 59th St.
Mattingly Construction has completed construction of a 40,000-square-foot ground-up office for the U.S. corporate headquarters for Badger Daylighting Corp., 8930 Motorsports Way, Brownsburg.
Mattingly Construction has completed construction of a 1,950-square-foot office for Broad Ripple Family Dental located at 6055 N. College Ave.
Rates
The average rate for 30-year mortgages fell from 2.96% to 2.93%in the week ended June 17, according to FreddieMac. The rate for 15-year mortgages rose from 2.23% to 2.24%.
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