Industrial Stacks Up – Secondary and tertiary markets benefit from key demand drivers.
By Pepe Royo,
It didn’t take long for Jeff Castell, CCIM, SIOR, to find a buyer for his client’s 704,000-square-foot distribution center in Franklin, Ind., earlier this year. A principal at Cassidy Turley in Indianapolis, Castell knew the property’s 32-foot clear heights and massive size fit the needs of today’s most active industrial users. And with his client planning to vacate the space after the sale, there was an opportunity to capitalize on user demand in this suburb on the south side of Indianapolis, which is one of the most sought-after markets for distribution centers in the country.