Holladay sells Indiana portfolio

Nearly 390,000 square feet snagged by out-of-state investors

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Colliers Investment Services Group recently sold three properties owned by Holladay Properties in Indianapolis for more than $22 million. The properties, which comprise an aggregate 389,135 square feet, include The National Building, The Logan Building, and 2036 Stout Field West Drive. The National Building totals 193,055 square feet and sold for $8.4 million. The buyer is JB Management of Sacramento, Calif. The Logan Building is 120,200 square feet and sold for $11.8 million. Its purchaser is Transpacific Development Co. of Torrance, Calif. The Stout Field property totals 75,880 square feet, and its sale price was $1.95 million. Its buyer is WelshInvest of Chicago. ...