Hillwood Acquires 70 Connect II Industrial Facility In Greenfield Indiana From Lauth Group For $41.7M

Lauth Group sold a 554,228-square-foot Class A industrial facility located at 7383 West 350 North in Greenfield, IN to Hillwood for $41.7 million. The asset encompasses 32 acres and is fully leased to Yusen Logistics. It is part of the 70 Connect industrial park, featuring 36-foot clear heights and 60 dock-high doors, and is financed with a $29 million loan from Pinnacle Financial Partners due in 2029.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $41,700,000
• Square Footage: 554,228
• Address: 7383 West 350 North
• Market: Greenfield, IN
• Buyer: Hillwood
• Seller: Lauth Group
• Brokers: Alex Cantu, Alex Davenport, Korey Ryan, Jeff Devine, Tyler Ziebel & Cam Kucic - Colliers
• Lender: Pinnacle Financial Partners

The transaction was facilitated by a team of brokers from Colliers, including Alex Cantu, Alex Davenport, Korey Ryan, Jeff Devine, Tyler Ziebel, and Cam Kucic, all representing Lauth Group. This sale highlights the strategic leasing arrangement with Yusen Logistics, ensuring stable occupancy for the facility.