Press Releases
Marcus & Millichap Arranges $2.1M Sale of Single-Tenant Industrial Property Near Indianapolis International Airport
June 16, 2026
INDIANAPOLIS, June 16, 2026 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of 7770 W. New York St., a 16,000-square-foot single-tenant industrial property in Indianapolis. The property sold for $2.1 million to Greenspring Realty Partners.
“This transaction highlights the continued strength of Indianapolis’ industrial market, particularly in this highly desirable airport-area submarket,” said Gus Poulos, associate director investments. “Closing within 30 days of contract execution reflects both the quality of the asset and the efficiency of all parties involved.”
Poulos and Forest Bender, investment specialists in Marcus & Millichap’s Indianapolis office, had the exclusive listing to market the property on behalf of the private in-state seller.
“We were able to bring the seller and out-of-state buyer together and closed the deal in cash just 29 days after signing our representation agreement,” said Bender, managing director investments. “The product type and market speak for themselves when it comes to Indianapolis industrial real estate.”
Greenspring Realty Partners, the out-of-state buyer, acquired this single-tenant industrial property near Indianapolis International Airport. Built in 1994, the property spans 2.20 acres and is occupied by Terracon Consultants, an employee-owned firm that provides environmental consulting, geotechnical engineering, construction materials testing and facility engineering services. The buyer distinguished itself from others by offering a sizable nonrefundable deposit upon contract execution.
“This transaction highlights the continued strength of Indianapolis’ industrial market, particularly in this highly desirable airport-area submarket,” said Gus Poulos, associate director investments. “Closing within 30 days of contract execution reflects both the quality of the asset and the efficiency of all parties involved.”
Poulos and Forest Bender, investment specialists in Marcus & Millichap’s Indianapolis office, had the exclusive listing to market the property on behalf of the private in-state seller.
“We were able to bring the seller and out-of-state buyer together and closed the deal in cash just 29 days after signing our representation agreement,” said Bender, managing director investments. “The product type and market speak for themselves when it comes to Indianapolis industrial real estate.”
Greenspring Realty Partners, the out-of-state buyer, acquired this single-tenant industrial property near Indianapolis International Airport. Built in 1994, the property spans 2.20 acres and is occupied by Terracon Consultants, an employee-owned firm that provides environmental consulting, geotechnical engineering, construction materials testing and facility engineering services. The buyer distinguished itself from others by offering a sizable nonrefundable deposit upon contract execution.
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About Marcus & Millichap, Inc. (NYSE: MMI)
Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2025, the company had 1,808 investment sales and financing professionals in over 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 8,818 transactions in 2025, with a sales volume of approximately $50.9 billion. For additional information, please visit www.MarcusMillichap.com.
