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Plymouth Industrial REIT Expands Indianapolis Portfolio with $62M Buy

The deal involves the purchase of the nine-building Shadeland Commerce Center that totals 1.7 million square feet as well as a 353,000-square-foot building.

In August, Plymouth Industrial REIT reported that Spartan Logistics had signed a new lease for 257,962 square feet at 3100 Creekside in Columbus, OH. In August, Plymouth Industrial REIT reported that Spartan Logistics had signed a new lease for 257,962 square feet at 3100 Creekside in Columbus, OH.

BOSTON—Locally-based Plymouth Industrial REIT, Inc. has acquired 10 industrial buildings totaling 2.1 million square feet in Indianapolis, IN or $62 million.

The deal involves the purchase of the nine-building Shadeland Commerce Center that totals approximately 1.7 million square feet, as well as 7901 West 21st St., a 353,000-square-foot building 100% leased to two tenants—Iron Mountain and Venture Logistics.

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John Jordan

John Jordan

John Jordan is a veteran journalist with 36 years of print and digital media experience.

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