Sperry Equities Acquires Industrial Buildings In Portage Indiana For $16.5M With Broker Jason St. John

The transaction involved the sale of two industrial buildings located at 6625 & 6675 Daniel Burnham Drive in Portage, IN. The properties encompass a total of 166,134 square feet and were sold for $16,500,000, equating to a price per square foot of $99.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $16,500,000
• Square Footage: 166,134 SF
• Address: 6625 & 6675 Daniel Burnham Drive
• Market: Portage, IN

Jason St. John from Greenstone Partners represented the buyer, Sperry Equities, in this sale. Greenstone Partners facilitated the transaction, which set a regional record price per square foot for multi-tenant industrial assets over 50,000 square feet.