JLL Income Property Trust Acquires 605,000 SF Industrial Facility In Whitestown For $60M

The 4337 Allpoints Drive property, located in Whitestown, IN, is a 605,000 square foot industrial asset that was sold for $60,000,000. The facility, described as a distribution center, is fully leased to Daimler Truck North America through a long-term lease featuring annual rent escalations. The property is a LEED Silver certified building completed in 2023 and was developed by Prologis and Browning, strategically positioned near important interstate access points that serve the Midwest logistics network.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $60,000,000
• Buyer: Allan Swaringen - JLL Income Property Trust
• Seller: Prologis & Browning
• Square Footage: 605,000
• Price Per Square Foot: $99

The transaction involved key representatives from JLL Income Property Trust and the selling entities, Prologis and Browning. Allan Swaringen represented JLL Income Property Trust in the acquisition of this fully leased facility, highlighting the commitment to securing properties with established tenants in significant logistical markets.