Denholtz, a leading privately held investment management firm, has acquired Park Elmwood Industrial Park, a four-building, 133,200-square-foot shallow-bay industrial portfolio located at 5602–5508 Elmwood Ave. in Indianapolis, Indiana. The deal marks Denholtz’s entrance into the Indiana market.

Built in 1978, Park Elmwood consists of four block construction buildings situated on 9.54 acres. The property features up to 16’ clear ceiling heights, a full wet sprinkler system, 44 dock doors, and 47 drive-in doors. Units range from 1,200 to 3,000 square feet.

Located immediately off Interstate 465 near Emerson Avenue, Park Elmwood offers tenants direct access to the greater Indianapolis metropolitan area and connectivity to eight major interstate highways. The property is less than eight miles from downtown Indianapolis and approximately 15 miles from Indianapolis International Airport.

“Indianapolis continues to demonstrate strong fundamentals driven by its central location, deep labor pool, and sustained demand for infill industrial space,” said Paul Paschal, Director of Acquisitions at Denholtz. “Park Elmwood aligns well with our strategy of acquiring well-located, multi-tenant industrial assets with strong value-add opportunity. Assets like this allow us to deploy capital in a disciplined way while generating stable income and long-term value.”

Demand for infill, multi-tenant industrial space in Indianapolis has remained resilient, supported by the market’s central location, transportation connectivity, and limited new supply. The acquisition further strengthens Denholtz’s growing industrial presence across high-growth markets, where the firm continues to target shallow-bay industrial assets in supply-constrained regions with strong tenant demand.

Alex Davenport and Alex Cantu of Colliers International represented the seller in the transaction while Denholtz represented itself.