Strategic Wireless Acquires Indianapolis Cell Tower
December 30, 2019
COSTA MESA, Calif.–(BUSINESS WIRE)–Strategic Wireless Infrastructure Funds Management, LLC. (“Strategic Wireless”) announced the acquisition of a multi-tenant tower located near the Indianapolis International Airport in Plainfield, Indiana.
The Indianapolis Airport Tower was constructed in 2016 and is strategically located in close proximity to the flight path of the Indianapolis Airport. Management believes this is critical as zoning restrictions and FAA guidelines typically make it difficult to build nearby sites making the tower a coveted location for wireless carriers.
Jerry Sullivan, CEO of Strategic Wireless, stated, “We continue to gain momentum as we build a portfolio of what we believe are high-quality telecom infrastructure assets. We believe the unique location of this asset and the difficulty of zoning and permitting new towers make it very appealing as we seek to add additional tenants.”
