INDIANAPOLIS –July 29, 2016-- A 423,700-square-foot industrial distribution and logistics complex adjacent to Indianapolis International Airport was sold by Indianapolis-headquartered Strategic Capital Partners and Westminster Capital this summer. MetroAir 4 and 5, a part of the original MetroAir Business Park developed by Strategic Capital Partners, is class “A” new construction industrial space created in 2014. The complex is in Plainfield, Indiana which is an Indianapolis top submarket.
Strategic Capital Partners focuses on providing value-added solutions to tenants and investors, and has decades of experience in speculative, build-to-suit and project master-planning execution. SCP was formed in 2005 as a commercial and urban multi-use development company. Its managing partners, Gene Zink and Richard Horn, have worked together for 30 years. Zink and Horn were previously executives of publicly traded Duke Realty (NYSE: DRE).
Westminster Capital, headquartered in Lake Forest, Illinois, manages real estate investment strategies on behalf of private wealth capital. Private client work includes leadership of closed-end investment fund and separate account portfolios totaling approximately $700 million of investor capital. Westminster Capital makes commercial property investments throughout the United States across industrial/distribution, apartments, medical office and senior housing.