Subaru at Park 267

5190 Indiana 267, Whitestown, IN, 46052, US

Description

Jones Lang LaSalle ("JLL"), as exclusive advisor to ownership, has been retained to market for sale the fee-simple interest in Subaru at Park 267, a 1,119,056 square foot cross docked distribution facility located in Whitestown, IN. The Property was constructed as a build-to-suit for Subaru of America, the American subsidiary of the multi-national manufacturer Subaru Corporation (OTC: FUJHY). The tenant signed a 190 month lease, which commenced 6/28/2024, offering investors 13 years of remaining lease term with 3.75% annual escalations, backed by one of the world's largest automotive manufacturers.

The facility represents a major commitment by Subaru of America to the Indianapolis market, serving as its largest U.S. distribution center and directly supporting the 4.7 MSF Subaru of Indiana Automotive (SIA) plant in Lafayette, IN. SIA is Subaru's sole manufacturing location outside of Japan, underscoring the strategic significance of these two facilities and the company's strong investment in American manufacturing and distribution.

Brian Seitz: RB14042705

Brian Buschuk: RB14034399

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Attributes

Building area net

103,965 m²

Occupancy

100%

Year built

2024

Remaining Lease Term

13 years

Annual Escalations

3.75%

Media

Investment Highlights

Mission critical, flagship Subaru of America distribution facility
The Property represents Subaru of America's largest distribution facility out of its 9-building national network.
This expansion into the Indianapolis market centralizes Subaru's North American Parts supply chain in Indiana, turning the Lebanon-Whitestown region into a powerhouse for the brand's logistics network.

Supporting Subaru of Indiana Automotive's sole manufacturing facility outside of Asia
Subaru of Indiana Automotive (SIA) operates out of its 4.6 MSF plant in Lafayette, IN, which is home of Subaru's production for the Ascent, Crosstrek, Legacy, and Outback models.
Located 38.8 miles north of the Subject Property, this plant is responsible for the production of nearly 400,000 vehicles annually.

Resilient Indianapolis industrial market
Indianapolis is responsible for over 13 MSF of net absorption in 2025.
Of the market's 3.7 MSF of product under development, 90% of the space is preleased.