Matthews™ Delivers Record Sale of Institutional Industrial Asset in Indianapolis

GREENWOOD, IN—Matthews™, a commercial real estate investment services and technology firm, represented the buyer and seller in the disposition of an industrial property located at 927 N Emerson Ave in Greenwood, Indiana. Matthews™ Executive Vice President & Senior Director Alexander Harrold and First Vice President Brett Davis facilitated the $9,500,000 transaction, with Kyle Matthews as the broker of record. The sale marked the highest price for an industrial property sold within the Johnson County submarket in the last year.

Located within the high-growth suburb of the Indianapolis MSA, the property benefits from immediate access to Interstate 65, one of the Midwest’s primary logistics corridors connecting Chicago, Indianapolis, and Louisville. Built in 2016, the institutional-quality industrial facility spans approximately 125,000 square feet on 18 acres and features 32-foot clear heights, 15 dock-high doors, and modern warehouse functionality. Positioned within a thriving industrial hub alongside major users including Amazon, FedEx, and ULTA Beauty, the asset is leased to Goodwill Industries of Central Indiana, a leading regional affiliate of Goodwill Industries.

Seeking to capitalize on strong investor demand for institutional-quality industrial assets, the seller engaged Matthews™ to market the property. Matthews™ leveraged Artemis, the firm’s proprietary AI-powered CRM platform, to identify and source a targeted pool of qualified buyers actively pursuing institutional industrial investments. The technology-driven process generated competitive interest and enabled Matthews™ to secure a buyer completing a 1031 exchange, who recognized the long-term value of a modern industrial facility leased to a nationally recognized nonprofit tenant in one of the Midwest’s premier logistics markets.

“Artemis gives us the ability to identify highly qualified buyers with a level of precision that traditional marketing simply can’t match,” said Harrold. “That advantage allowed us to connect this exceptional asset with the right investor and deliver a transaction that satisfied both the seller’s objectives and the buyer’s 1031 exchange acquisition strategy.”

For more information, please contact Alexander Harrold and Brett Davis or visit www.matthews.com.

Kyle Matthews License No. RC52200195 (IN)

About Matthews™

Matthews™, a commercial real estate investment services and technology firm, holds recognition as an industry leader in investment sales, leasing, and debt and structured finance. Based out of Nashville, TN, and strategically positioned with over 1,000 agents and employees in 30 offices across the United States, Matthews™ continues to focus on expansion into new markets. For more information, please visit www.matthews.com.