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Chambers Street REIT Looks to Indy

INDIANAPOLIS— In this UPDATE, Philip L. Kianka, the CEO of Chambers Street, tells GlobeSt.com what the firm sees in the Indy industrial market.

By Brian J. Rogal | Updated on February 24, 2014

INDIANAPOLIS—The massive expansion of distribution and logistics hubs across the US has had a transformational effect on some centrally-located cities such as Memphis and Indianapolis. Confidence in these regions has increased substantially, and some big coastal investors have started to place big bets.

“We have a couple of properties in Indianapolis that we hold in a joint venture with Duke Realty,” Philip L. Kianka, executive vice president and CEO of Chambers Street, a real estate investment trust in Princeton, NJ, tells GlobeSt.com. “That allowed us to get a better handle on the market and understand its dynamics.” But the trust recently decided it felt comfortable enough with the burgeoning Indianapolis industrial market to strike out on its own.

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