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Stocks•21 April 2026•

1 min read

JLL Income Property Trust Acquires Indianapolis Distribution Center for $60 Million

Key Facts

1JLL Income Property Trust acquired Whitestown Distribution Center III for approximately $60 million.

2The property is a 605,000-square-foot Class A industrial facility 100% leased to a single tenant.

3The lease has a 7-year remaining term with 2.5% annual escalations.

JLL Income Property Trust has announced the acquisition of Whitestown Distribution Center III in the Indianapolis area for approximately $60 million. The property is a Class A industrial facility spanning 605,000 square feet and is currently 100% leased to a single tenant. The lease agreement features a remaining seven-year term with 2.5% annual rental escalations, ensuring stable long-term cash flows for the REIT. This acquisition is designed to increase the firm's exposure to high-demand logistics hubs within the industrial real estate sector. While the deal adds a high-quality asset to the portfolio, its $60 million valuation is relatively small compared to the fund's total investment base of $6.8 billion. The move aligns with the trust's strategy of acquiring income-generating assets to support its daily NAV structure.