Hines JV Sells 1 MSF Industrial Asset for $104M
November 18, 2022 | Simona Tudose | Commercial Property Executive
Hines, together with Cresset Partners, has sold the first phase of Whiteland 65 Industrial Center, a 1.1-million-square-foot facility in Whiteland, Ind. The Class A asset traded for $104 million, according to Johnson County public resources.
The sale, marking the firm’s largest industrial transaction in the Midwest and the largest single asset industrial deal in the metro this year, came on the heels of another Hines large-size disposition.
Cushman & Wakefield Vice Chairman Luke Wessel and Executive Managing Director Michael Weishaar negotiated the Whiteland 65 sale on behalf of the partnership, while Colliers Senior Vice President Cam Kucic represented the buyer.
