OVB Indianapolis Industrial, a joint venture between Biynah Industrial Partners and Olympus Ventures, secured $125 million in refinancing for a collection of eight industrial properties totaling nearly 3.9 million square feet surrounding Indianapolis International Airport.
The OVB Indianapolis Industrial Portfolio consists of properties ranging from 280,000 to 1.34 million square feet, positioned southwest of downtown Indianapolis with direct access to five major interstates. The portfolio is 92.7 percent occupied and features a weighted average lease term of 3.5 years. Tenants span a diverse range of industries, including e-commerce, logistics, federal government operations, manufacturing, retail distribution and electronics recycling sectors, with investment-grade tenants representing 52.8 percent of net rentable area (NRA).
The buildings feature clear heights ranging from 28 to 32 feet, with extensive dock and drive-in-door configurations supporting diverse logistic
