SkyREM Expands Industrial Reach with New Warehouse Acquisition in Indiana

SkyREM's Significant Warehouse Acquisition

SkyREM, a prominent player in the commercial real estate sector, has recently made headlines with its acquisition of a newly constructed warehouse facility covering an impressive 565,560 square feet in Whitestown, Indiana. This state-of-the-art industrial property is a prized addition to the company’s expanding portfolio. The facility is strategically located within the 65 Commerce Park, an industrial development known for its focus on logistics and distribution sectors.

Ideal Location with Excellent Infrastructure

The newly acquired warehouse is positioned advantageously with direct access to Interstate 65, a major transport artery. Additionally, it is in close proximity to the Indianapolis International Airport and is served by CSX railroad, highlighting its operational efficiency. This site benefits from a solid infrastructure, featuring modern transportation networks and a nearby pool of skilled labor, making it an ideal hub for logistics operations. Indianapolis has been repeatedly recognized as one of the United States' top ten industrial markets, marked by significant growth, absorption rates, and construction activity.

Advanced Features and Long-Term Leasing

What sets this facility apart is its advanced automation, supported by cutting-edge robotics, and its fully leased status. The property is entirely rented on a long-term agreement to a major global e-commerce platform that specializes in fashion. It boasts numerous features designed for efficiency, including ESFR (Early Suppression Fast Response) sprinklers, a lofty 36-foot clearance height, an innovative column spacing of 54' by 55', and a total of 55 dock doors. These characteristics not only enhance the operational capabilities of the facility but also contribute to optimized logistics and distribution processes.

Strategic Investment in the Heart of the Midwest

Jacob Dembitzer, the Vice President of SkyREM, expressed enthusiasm about this strategic investment, referring to it as a significant enhancement to their growing industrial portfolio. He emphasized the company's aspirations for further growth in prime industrial markets. Marc Civitillo, the Managing Director, echoed this sentiment, noting the appealing nature of acquiring a newly constructed, mission-critical property featuring a long-term tenant. This acquisition demonstrates SkyREM’s ability to pinpoint lucrative opportunities within well-established logistics locations, which are underpinned by solid market fundamentals.

Acquired Through Strong Relationships

The purchase was made through a proprietary off-market relationship with Strategic Capital Partners, a national real estate developer based in Indianapolis. This close collaboration allowed SkyREM to secure a valuable asset that aligns perfectly with its investment strategy.

About SkyREM

SkyREM LLC is a privately owned and managed real estate firm that spans operations across the United States from its headquarters in New York City and Philadelphia. The company is known for strategically investing in a diversified portfolio of industrial, commercial, and residential properties, with a focus on creating value and securing long-term success.

For more information about SkyREM and their ongoing projects, visit their official website here.

This acquisition illustrates a continued trend of investment and growth within the industrial real estate sector, affirming SkyREM's commitment to expanding its footprint across key markets in America.