WESTCORE PROPERTIES SELLS GREENFIELD, INDIANA INDUSTRIAL COMPLEX FOR $13.9 MILLION
Sale is Consistent With National Trend of Growing Interest in Industrial Properties
GREENFIELD, Ind. – Jan. 7, 2014 – As the Midwest real estate market stabilizes and the demand for industrial space continues to grow, Westcore Proprieties has sold a Class-A, industrial property in Greenfield, Indiana to Hillwood Properties for $13.9 million.
Located at 6719 W. 350 North, the 456,000-square-foot complex features state-of-the-art cross-docks, which allow for seamless unloading and reloading of inbound goods and outbound goods. Westcore Properties purchased the property in 2012. Currently vacant, the building was built in the early 2000s and is the former home of Irwin Tools.
“We purchased this property in 2012 as part of a large $600 million deal that included other properties in the Midwest and Northern California,” said Don Ankeny, president and CEO of Westcore Properties. “With the strong market for industrial properties, the timing was right for us to sell this site and realize a solid return on our investment.”
Hack Adams with Westcore Properties and Tom Fishman with Hillwood Properties facilitated the transaction.