Realterm expands Midwest footprint acquiring industrial property in Indianapolis

Realterm announced the acquisition of a 79-door truck terminal located at 2612 W. Morris Street in Indianapolis, Indiana.

The 10-acre property features a 37,965-square-foot truck terminal with 7,635-square-feet of office space and a 7,626-square-foot maintenance shop. The truck terminal features 79 loading positions, 124 trailer parking stalls, and two points of ingress and egress. The truck terminal recently went through significant renovations, including a roof replacement, the entire parking lot was repaved and restriped, interior improvements to the terminal and maintenance facility, and enhanced security measures include the addition of a new guard shack and an Amarok perimeter security fence.

“The Indianapolis logistics market is characterized by robust demand and strong growth potential,” said Stephen Panos, Managing Director, Senior Fund Manager at Realterm. “This transaction presented a unique opportunity to acquire a recently renovated, well-located industrial facility in one of the Midwest’s top logistics markets, making this a compelling addition to our portfolio.”

Located in the heart of West Indianapolis, the property offers immediate access to I-70 and the Indianapolis International Airport. The property is also in close proximity to I-65, I-69, I-74 and I-465, allowing for travel across the entirety of the Midwest.

“2612 W. Morris Street benefits from its proximity to Indianapolis International Airport and major roadways, offering unparalleled connectivity to key transportation nodes and the broader Midwestern markets,” said Gianni Vissat, Vice President, Investments, Central Region, Realterm. “The facility’s prime location coupled with Indianapolis’ standing as a top logistics market aligns seamlessly with our investment strategy as we continue to seek opportunities to acquire transportation-advantaged assets in key logistics markets.”