apitaLand Ascendas Reit (Clar) is proposing to acquire logistics property DHL Indianapolis Logistics Centre in Whiteland, Indianapolis, Indiana, for $150.3 million from DHL USA.

The completion of the deal is slated for the first quarter of 2025.

Following this, DHL USA will enter a long-term leaseback of about 11 years till December 2035 of the property’s entire gross floor area (GFA) of about 979,649 sq ft.