Colliers Brokers Sale of 324,880-SF County Line Commerce Park Building II in Indianapolis for Citimark and Gershman Partners
Colliers has completed the sale of County Line Commerce Park Building II, a 324,880-square-foot build-to-suit industrial facility located at 5820 Meritage Parkway in Indianapolis, Indiana, according to an announcement from the firm. The seller was a joint venture between Citimark and Gershman Partners, the project's developer. The buyer, Alfa Laval, occupies the facility as its North American manufacturing, testing, and research and development headquarters.
Transaction Details and Brokerage Team
Colliers Industrial Capital Markets advisors Alex Cantu, Alex Davenport, Jeff Devine, Steve Disse, and Tyler Ziebel represented the seller in the transaction. The property is the first completed building within County Line Commerce Park, a master-planned industrial park situated in the south Indianapolis submarket.
"Located at the I-65 and County Line Road interchange, the asset benefits from direct access to one of the Midwest's primary north-south distribution corridors," said Cantu. "The tenant's decision to acquire the facility they occupy reflects strong conviction in both the location and their long-term operational commitment here."
Property and Site Specifications
Completed in 2025 by Peterson Construction, the facility spans 324,880 square feet on 26.84 acres. The building features 36-foot clear heights, 25 dock-high doors, and 330 parking spaces. Its building systems are designed to support advanced manufacturing and research and development operations. The property offers direct access to Interstate 65 and key transportation infrastructure serving regional and national operations.
County Line Commerce Park Master Plan
County Line Commerce Park is a 117-acre, two-phase development planned to include four industrial buildings totaling approximately 1.34 million square feet, two retail outlots, and a hotel site. Building II represents the first completed structure within the larger master-planned park.
About the Parties
Citimark and Gershman Partners served as co-developers and sellers of the project. Alfa Laval, the buyer, will continue to operate the facility as its North American headquarters for manufacturing, testing, and research and development activities. Colliers is a diversified professional services and investment management company.