JLL closes sale of new Indianapolis industrial asset
The Class A bulk distribution property is home to Radial Inc. and serves as its largest U.S. facility
CHICAGO, May 27, 2020 – JLL Capital Markets announced today that it has closed the sale of Eaglepoint Six, a new, fully leased, Class A, 690,702-square-foot industrial facility in the Indianapolis community of Brownsburg, Indiana.
JLL marketed the property on behalf of the seller, a partnership between Washington Capital Management on behalf of a client and Becknell Industrial. Denver-based Black Creek Group, a leading real estate investment management firm, purchased the asset.
Eaglepoint Six is home to Radial Inc., a leader in omnichannel commerce technology and operations, and serves as its largest facility in the U.S. Completed in 2019, the facility features 36-foot clear height, four drive-in doors, 52 dock-high doors (expandable to 134), ESFR sprinkler system, LED lighting and office space. Situated on at 1111 East 56th St., the modern bulk distribution property is adjacent to Interstate 74 and has easy access to Interstates 465, 65 and 69, which provides easy access to 75 percent of the U.S. population within a one-day’s drive. Eaglepoint Six is part of the Class A, master-planned, fully leased Eaglepoint Business Park, which is in the Hendricks County Industrial submarket, the second largest submarket in Indianapolis.
The JLL Industrial Capital Markets team representing the seller was led by Senior Managing Director John Huguenard and Senior Director Ed Halaburt along with Managing Director Jake Sturman and Senior Directors Sean Devaney, Kurt Sarbaugh and Robin Stolberg.
“Investors found great value in the combination of e-commerce tenancy, market leading facility design and a vibrant Indianapolis industrial market,” Halaburt said.
JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment advisory, debt placement, equity placement or a recapitalization. The firm has more than 3,700 Capital Markets specialists worldwide with offices in nearly 50 countries.
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JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. JLL shapes the future of real estate for a better world by using the most advanced technology to create rewarding opportunities, amazing spaces and sustainable real estate solutions for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $18.0 billion, operations in over 80 countries and a global workforce of more than 94,000 as of March 31, 2020. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.
About Washington Capital Management
Washington Capital Management, Inc. (WaCap) is an employee owned investment advisory firm founded in 1977. WaCap is headquartered in Seattle, Washington, with branch offices in Portland, Boston, Spokane, Southern California and Northern California. WaCap manages assets in real estate equity, real estate debt, fixed income and equity strategies; primarily for institutional clients. WaCap provides a diverse menu of investment products, including equity real estate investments, commercial mortgages and construction loans. Visit wa-cap.com to learn more.
About Becknell Industrial
Becknell Industrial specializes in the development, investment and management of industrial properties across the United States. The company currently owns interests in 173 properties totaling more than 25.4 million square feet. Vertically integrated, Becknell is responsible for every aspect of the project providing the decision-making authority and expertise to meet client expectations for a high-performance facility delivered on time and on budget. More information about Becknell is available at becknellindustrial.com.
About Black Creek Group
Black Creek Group is a leading real estate investment management firm that has bought or built over $21 billion of investments throughout its more than 25‐year history. The firm manages diverse investment offerings across the spectrum of commercial real estate – including office, industrial, retail and multifamily – providing a range of investment solutions for both institutional and wealth management channels. Black Creek Group has seven offices across the United States with approximately 300 professionals. More information is available at blackcreekgroup.com.