JLL negotiates sale of 690,000-square-foot industrial facility in Indianapolis market

May 29, 2020

JLL Capital Markets has closed the sale of Eaglepoint Six, a new fully leased Class-A industrial facility in the Indianapolis suburb of Brownsburg, Indiana.

The property is 690,702 square feet.

JLL marketed the property on behalf of the seller, a partnership between Washington Capital Management on behalf of a client and Becknell Industrial. Denver-based Black Creek Group, a real estate investment management firm, purchased the asset.

Eaglepoint Six is home to Radial Inc., an omnichannel commerce technology and operations provider, and serves as its largest facility in the United States.

Completed in 2019, the facility features 36-foot clear height, four drive-in doors, 52 dock-high doors (expandable to 134), ESFR sprinkler system, LED lighting and office space.

Situated on at 1111 East 56th St., the modern bulk distribution property is adjacent to Interstate 74 and has easy access to Interstates 465, 65 and 69, which provides access to 75 percent of the United States population within a one-day’s drive.

Eaglepoint Six is part of the Class-A, master-planned, fully leased Eaglepoint Business Park, which is in the Hendricks County Industrial submarket, the second largest submarket in Indianapolis.

The JLL Industrial Capital Markets team representing the seller was led by Senior Managing Director John Huguenard and Senior Director Ed Halaburt along with Managing Director Jake Sturman and Senior Directors Sean Devaney, Kurt Sarbaugh and Robin Stolberg.