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Garmong Development Sells 50K SF Industrial Warehouse at Vermillion Rise Mega Park

Marcus & Millichap brokered the sale of a 50,000-square-foot industrial warehouse in Hillsdale, Indiana, for $4.375 million.

By Colin Percy · May 26, 2026

Marcus & Millichap has facilitated the sale of 222 Broadway Avenue, a 50,000-square-foot Class-A industrial warehouse in Hillsdale, Indiana. Originally marketed with 9 acres, the property was sold as part of a larger 32.6-acre parcel for $4.375 million, equating to $87.50 per square foot. The facility is finished to a grey-shell state.

The site is located within the 7,155-acre Vermillion Rise Mega Park, a hub for industrial, logistics, and manufacturing operations. Julia Evinger of Marcus & Millichap’s Indianapolis office handled the exclusive listing for the seller, Garmong Development Company.

Companies mentioned

tenant

Marcus & Millichap

developer

Garmong Development

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