Greenwood Park III — Sale in Greenwood, IN
- Price: $43
- Listing type: For sale
- Asset type: Industrial Property
- Location: Greenwood, IN 46143
- Year built: 2023
Photos
Description
Jones Lang LaSalle ("JLL"), acting as exclusive advisor to ownership, has been engaged to market for sale the fee-simple interest in Greenwood Park III (the "Property" or the "Offering"), a Class-A multi-tenant industrial facility totaling 196,560 square feet in Greenwood, IN (Indianapolis MSA). Delivered in 2023 by renowned industrial developer Scannell Properties, this institutional-quality asset is fully leased to a blue-chip tenant roster anchored by global aerospace leader GE Aerospace (S&P: A-), which occupies 78.6% of the building and has demonstrated long-term commitment through a $43 million investment in this facility as part of a strategic $1 billion expansion. Martin Supply occupies the remaining 21% and further enhances the credit profile and income stability, generating nearly $300 million in annual revenue serving the nation's top manufacturing and automotive clients. The Property features best-in-class specifications while immediate access to I-65 and proximity to Indianapolis International Airport deliver superior Midwest connectivity within a three-hour truck drive of Chicago, Indianapolis, Louisville, Columbus, and Cincinnati. The investment is further supported by Indianapolis's accelerating industrial market fundamentals, with over 13 million SF absorbed last year and 2026 on pace to surpass expectations with 8.3 MSF absorbed in H1 '26 alone. Greenwood Park III represents a rare opportunity to acquire institutional-quality product positioned to deliver stable income with contractual growth and long-term value appreciation in one of the Midwest's most dynamic logistics markets. Brian Seitz IN License #: RB14042705
Market Context
This industrial in Greenwood, IN is listed for sale at $43. The building dates to 2023. Compare it against other industrial listings for sale in Greenwood, IN — view the full market.
As of Q2 2026, the Indianapolis industrial market showed a 6.0% vacancy rate, average asking rents near $6.37/SF/yr, and rents up 1.6% year over year. Source: multiple brokerage reports, Q2 2026.
Rising rents point to a competitive market where well-priced, well-located assets trade quickly.
Industrial market FAQ
- Is the Indianapolis industrial market tightening or softening?
- Vacancy is around 6.0%, with asking rents rising year over year (Q2 2026).
Contact
- Ed Halaburt · 7086911070 · ed.halaburt@jll.com
- Sean Devaney · 6304308918 · sean.devaney@jll.com
- Kurt Sarbaugh · 7739723940 · kurt.sarbaugh@jll.com
- Ross Bratcher · 3122282839 · ross.bratcher@jll.com
Explore this market
Similar Industrial Property for Sale in Greenwood, IN
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