Park 133 CR 500 E & Albert S White Dr 679,108 SF 5-Star Industrial Building Whitestown, IN 46075 For Sale

The Offering
Opportunity to acquire fee-simple interest in a 679,108 SF Class A+ institutional quality, cross dock, single-tenant NNN industrial property 100% leased to ITS Logistics (their Flagship Facility for the Midwest and East).
Echo Global Logistics signed definitive agreement to acquire ITS Logistics. The combination will create one of the leading transportation and logistics platforms with proforma 2025 revenue of approximately $5.4 Billion, expanding Echo’s scale while accelerating the evolution of ITS’s differentiated solutions through Echo’s technology platform.
±679,108 SF is leased to ITS Logistics, LLC with 7.00 years of remaining term at a rent that is currently approximately 5% below market and has strong 3.33% annual rent escalations. The lease includes two (2), five (5) year renewal options at fair market value with a minimum 9 months’ notice provision. The tenant is a Third-Party Logistics Provider (3PL) and uses the building for distribution, warehousing and transportation to service their existing customers and future customers in the services retail, apparel, home goods, e-commerce, food & beverage, and healthcare sectors with both asset-based and asset-lite logistics solutions. The Indianapolis market is ITS Logistics’ strongest pipeline and business focus for 2026.
Investment Highlights
OPPORTUNITY TO ACQUIRE CLASS A+ INDUSTRIAL BUILDING IN TOP PERFORMING SUBMARKET IN MIDWEST (±2% VACANCY RATE)
— State-of-the-Art Features Meet the Current and Future Demands of High-Flow Logistics and Manufacturing Operations

— Located Within the Highly Desirable Whitestown Submarket in Northwest Indianapolis – Top Performing Submarket in Midwest- 325% Absorption Rate in 2025. The Northwest submarket was far and away the best performing submarket in Indianapolis in 2025 - responsible for 4.14 million SF (33%) of the 12.5 million SF of Net Absorption in Indianapolis.

— Northwest Submarket of Indianapolis is at 98% Occupancy which bodes very well for Strong Rental Growth — Extremely Low Vacancy

— Uniquely Located Equidistant to the Executive Workforce Pools (Zionsville / Carmel) and Excellent Labor Pools (Speedway / 38th Street)

STABILIZED INDUSTRIAL OFFERING WITH STRONG MARKET FUNDAMENTALS
— The Class A+ modern bulk building features include 40’ clear height, a total of seventy (70) 9’ x 10’ insulated mechanically operated dock doors (+51 Knock-Outs), and four (4) motor operated insulated Drive-In Doors, ESFR sprinklers (fire pump included), cross-dock configuration, 135’ Truck Courts depth, LED lighting and a total of ±19,467 SF of high quality office space with the latest design features in mind.

— Its immediate proximity to Exit 130 and Exit 132 gives the building unmatched interstate access to I-65. Also, as compared to the balance of Whitestown buildings, it is located closer to the core pocket of amenities in the master-planned Anson development and the most sought-after labor pool in Indianapolis.