JLL Capital Markets closes sale 1.1-million-square-foot industrial distribution facility in Whitestown

JLL Capital Markets closes sale 1.1-million-square-foot industrial distribution facility in Whitestown

JLL Capital Markets closed the sale of Subaru at Park 267, a 1,119,056-square-foot Clas-A industrial distribution facility at 5190 S. State Road 267 in Whitestown, Indiana. JLL represented the seller, a joint venture between Prologis and Browning, in the transaction. LaSalle Investment Management acquired the asset. The build-to-suit development was constructed by Browning’s construction division and completed in 2024. The facility is fully leased to Subaru of America Inc. and serves as the largest distribution center within its nine-facility national network. The property is strategically located 38.8 miles south of the tenant’s manufacturing facility in Lafayette, its sole production location outside of Asia. The property features 40-foot clear heights, 108 dock-high doors, four drive-in doors, cross-dock configuration with 135 feet of truck court depth and LEED Silver certification. The site includes 342 automobile parking spaces expandable to 474 spaces and 100 trailer parking spaces expandable to 240 spaces, positioned on 69.72 acres with full truck court circulation. Located in the Boone County submarket of the Indianapolis metropolitan area, the facility provides immediate access to Interstate 65 and nearby Interstate 74, positioning tenants within a three-hour truck drive of major Midwest markets including Chicago, Indianapolis, Louisville, Columbus and Cincinnati. The property sits less than 40 minutes from Indianapolis International Airport, ranked as the eighth-largest cargo airport in the U.S. and home to the world’s second-largest FedEx Express hub. The Whitestown location benefits from a 10-mile radius population of 149,253 with a workforce exceeding 98,000 and draws from the broader Indianapolis metropolitan area’s skilled labor pool. The JLL Capital Markets Investment Sales and Advisory team was led by Senior Managing Director John Huguenard, Managing Director Ed Halaburt, Senior Director Ross Bratcher and Associate Cameron Chandra.