Transwestern Investment Group, on behalf of a separately managed account, has acquired a 912,522-square-foot industrial property in Indianapolis. Ameriplex 4 is fully leased to PepsiCo’s Quaker Sales & Distribution Inc.
The asset is located at 5510 Exploration Drive, within the World Connect at Ameriplex industrial park. Situated at Ameriplex Parkway and Interstate 70, Ameriplex 4 covers 54.4 acres of land in the Plainfield submarket, according to CommercialEdge data.
In proximity to major thoroughfares such as Interstates 65, 69, 70, 74 and 465, the property has access to 80 percent of the nation within a one-day drive and cross-country access in a nearly two-day drive. The Indianapolis International Airport is 3 miles north, as is the second-largest FedEx Express Hub in the U.S.
Ameriplex 4 features ESFR sprinklers, 36-foot clear heights, loading doors and 56 feet by 50 feet column spacing, according to the same data. The industrial building was completed in 2017.
Mike Caprille, Ryan Bain and Zach Graham with CBRE brokered the purchase of Ameriplex 4.
Late last year TIG sold an industrial asset in Edwardsville, Ill. The 500,000-square-foot property was fully occupied by Walgreens at the time of the sale.