Top 10 Indianapolis Industrial Building Owners

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Steve Schwegman
Executive Vice President

As of July 2015, the following are the largest industrial landlords in Indianapolis by total square footage owned:















There are a few things that stand out as interesting about this list:

  • Only three of the owners would have made this “Top 10” list 10 years ago:  Duke, Prologis and First Industrial.  Indianapolis has been a very attractive market for developers and buyers over the past decade and, as such, has lured several new players to town.
  • This list is dominated by developers, not just institutional owners.  The institutional owner (non-developer) buyers of industrial product is a much more fragmented pool.
  • The Top 10 has total holdings of over 50 million SF which is a larger combined portfolio than the next 30 largest owners.  The big will continue to get bigger due to industry consolidation.
  • Every major business park in Indianapolis has at least one of the Top 10 owners in its midst.  The larger owners tend to diversify their submarkets and building types.

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