Strategic Wireless Infrastructure Funds Management LLC, an investment manager focused on telecom infrastructure assets, has purchased a multi-tenant tower located near the Indianapolis International Airport in Plainfield, Indiana.
The Indianapolis Airport Tower was constructed in 2016 and is located in close proximity to the flight path of the Indianapolis Airport. Company management believes that this is critical as zoning restrictions and FAA guidelines typically make it difficult to build nearby sites making the tower a coveted location for wireless carriers.
“We continue to gain momentum as we build a portfolio of what we believe are high-quality telecom infrastructure assets,” said Jerry Sullivan, chief executive officer of Strategic Wireless. “We believe the unique location of this asset and the difficulty of zoning and permitting new towers make it very appealing as we seek to add additional tenants.”
Existing tenants on the tower include two top-tier wireless carriers as well as a wireless internet service provider, the company noted. There is also capacity for two additional tenants and management expects to pursue wireless carriers and other organizations to help maximize occupancy.
Strategic Wireless focuses on acquiring, building and managing telecom infrastructure assets that support mobile and internet connectivity and establishes partnerships with select independent operators and developers throughout the U.S.