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503 E 98th AveMerrillville, IN 46410
Multi-Tenant Shallow-Bay Industrial
Asset ClassIndustrial
overview of deal

Overview

Greenstone Partners, as Exclusive Investment Advisor, is pleased to present the opportunity to acquire the 100% fee simple interest in The Avanti at AmeriPlex at the Crossroads (the “Property” or “Investment”), a newly constructed, fully leased, multi-tenant shallow-bay industrial asset located in Merrillville, Indiana, approximately 45 miles from downtown Chicago. Completed in 2024 and fully leased within 14 months, the Property offers investors the rare opportunity to acquire a best-in-class asset within Northwest Indiana’s premier industrial park and one of the Midwest’s fastest-growing logistics corridors.

 

The Property was built on speculation and is fully leased to three tenants, anchored by Snyder’s-Lance, Inc., a wholly owned subsidiary of Campbell Soup Company (NASDAQ: CPB), which carries investment grade credit. The tenant roster is further supported by AutoMAK, which operates its U.S. headquarters at the Property, and Innovated Manufacturing, which maintains its headquarters on site and recently demonstrated its commitment to the location by proactively renewing for an additional four years.

 

Built to Class A specifications, the Investment includes 20-foot clear heights, four dock-high doors, and four drive-in doors, providing tenants with the functionality and efficiency required for modern industrial operations. Located just east of the Illinois border, the Property benefits from Indiana’s pro-business environment and favorable tax structure, including a Town of Merrillville tax incentive program through 2035.

 

Located approximately one hour from downtown Chicago and two hours from downtown Indianapolis, the Property is strategically positioned within AmeriPlex at the Crossroads, Merrillville’s largest business park. Surrounded by major national operators and immediate access to Interstates 65 and 90/94, the Property benefits from exceptional regional connectivity and continued investment throughout Northwest Indiana, one of the Midwest’s fastest-growing logistics and industrial corridors.

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Investment Highlights

⦿ 98% OCCUPANCY SUBMARKET + LIMITED SUPPLY + STRONG RENT GROWTH

 

⦿ NATIONAL BRAND TENANCY

 

⦿ RENT BUMPS, NET LEASES & TAX ADVANTAGES

 

⦿ TWO HEADQUARTERED TENANTS + PROACTIVE LEASE EXTENSION

 

⦿ GENERATIONAL WAVE OF INFRASTRUCTURE + TECHNOLOGY INVESTMENT

 

⦿ 2024 CLASS A BUILD + HIGHLY FUNCTIONAL INDUSTRIAL SPECIFICATIONS

 

⦿ STRONG TENANCY + ESTABLISHED LOGISTICS CORRIDOR

 

⦿ POPULATION GROWTH + PRO-BUSINESS CLIMATE

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503 E 98th AveMerrillville, IN 46410

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