Cushman & Wakefield Selected to Provide Leasing Services

 

INDIANAPOLIS, Feb. 16, 2016 – Cushman & Wakefield, a global leader in commercial real estate services, announced today that a joint venture, OVB Indianapolis Industrial, LLC, comprised of Biynah Industrial Partners and Olympus Ventures, has purchased eight modern bulk buildings totaling more than 3.8 million square feet and a 42-acre land site in Greater Indianapolis. The firm has selected Cushman & Wakefield’s The Weishaar | O’Neil Team – Senior Managing Director Michael W.M. Weishaar, SIOR, and Associate Scott O’Neil, J.D – to provide leasing services.

“The Weishaar | O’Neil Team are consummate professionals and well-respected within the Indianapolis brokerage community,” said Andy Bennett of Biynah Industrial Partners. “We have the utmost confidence in their abilities and know that our current and future tenants will find them a great group to work with alongside the new owner.”

Within the Southwest submarket, four of the buildings are located in Airwest Industrial Park; two buildings and the vacant land site are in AmeriPlex in Indianapolis; and an additional building is on South Girls School Road near the Indianapolis International Airport. The remaining building is located in Brownsburg in the West submarket. Best-in-class tenants occupy these facilities, including OHL, Sur La Table and the U.S. Postal Service, to name a few.

 

While most buildings in the portfolio are occupied, 216,600 square feet at 7452 Tempelhof Drive and 42 acres of vacant land at Decatur Boulevard and Thompson Road, are immediately available; both are located in Indianapolis. Another 315,000-square-foot space will be available on May 1 at 3100 Reeves Road in Plainfield. Both facilities feature cross-dock configurations, modern lighting and easy access to the Interstate 465 and Interstate 70 corridors, as well as close proximity to the FedEx hub at the Indianapolis International Airport.

 

“We have a successful, long-standing relationship with Biynah, including current listing assignments in the Northwest and East submarkets,” said Mr. Weishaar. “We couldn’t be more pleased to assist them once again with best-in-class marketing services for this portfolio.”

 

About Biynah Industrial Partners, L.L.C.

Biynah Industrial Partners, L.L.C. is a Minneapolis-based real estate private equity firm. The firm was founded in October of 2009. Since 1996, Biynah’s two principals, Jeff Josephs and Andy Bennett, have conducted in excess of $2 billion in commercial real estate acquisitions under different sponsorship. The firm is solely focused on directly investing in industrial real estate located throughout the domestic United States. The firm currently owns approximately nine million square feet of industrial real estate in six states. Biynah’s clientele is comprised of a loyal group of high net worth investors, family offices and institutional joint venture partners seeking value-add/core-plus returns in this alternative investment class. www.biynahpartners.com.

 

About Cushman & Wakefield

Cushman & Wakefield is a global leader in commercial real estate services, helping clients transform the way people work, shop, and live. The firm’s 43,000 employees in more than 60 countries provide deep local and global insights that create significant value for occupiers and investors around the world. Cushman & Wakefield is among the largest commercial real estate services firms with revenues of $5 billion across core services of agency leasing, asset services, capital markets, facility services (branded C&W Services), global occupier services, investment management (branded DTZ Investors), project & development services, tenant representation and valuation & advisory. To learn more, visit www.cushmanwakefield.com or follow @CushWake on Twitter.

 

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