Indiana

Maverick, American Mortgage Arrange Construction Financing for $26M Condo Project in Indiana

by Kristin Harlow February 27, 2026

BLOOMINGTON, IND. — Maverick Commercial Mortgage and American Mortgage & Realty have arranged construction financing for ONE15 Lofts on Kirkwood, a $26 million condominium project in Bloomington. First Farmers Bank & Trust provided the 36-month loan, which features interest-only payments. Construction is underway on the project, which is developed by Randy Lloyd of Clearpath Services. The development site at 115 E. Kirkwood Ave. was formerly a surface parking lot adjacent to CVS and directly across from the historic Buskirk-Chumley Theater. The five-story project will feature 17 luxury condominiums, 90 percent of which are pre-sold. Units will range from 1,600 to over 4,000 square feet. The first two floors will feature a new restaurant concept by Cassady’s, the owners of Uptown Café. The project team includes Kunkel Design Group, Genesis Build and interior designer Lindsay Taylor Bell. Kerry Feigenbaum of FC Tucker/Bloomington Realtors is handling residential sales. Completion is slated for 2027.

February 27, 2026

Acquisitions Hospitality Indiana Midwest

Matthews Brokers $8.8M Sale of Fairfield Inn Hotel in Evansville, Indiana

by Kristin Harlow February 17, 2026

EVANSVILLE, IND. — Matthews has brokered the $8.8 million sale of a Fairfield Inn hotel located at 5400 Weston Road in Evansville. Mitchell Glasson and Luke Whittaker of Matthews represented the seller, while the brokerage firm’s Kyle Matthews served as the broker of record. The sale ranked as the largest transaction for a hospitality property in Evansville for price and square footage within the past year, according to Matthews. Constructed in 1995, the 110-room property underwent a full renovation in 2022, supported by approximately $3 million in owner-funded capital improvements. The buyer was a seasoned hotelier with a portfolio of approximately 10 properties in the area.

February 17, 2026

Acquisitions Indiana Industrial Midwest Ohio

Ambrose Acquires Four Midwest Industrial Assets Totaling 1 MSF for $102M

by Kristin Harlow February 16, 2026

INDIANA AND OHIO — Ambrose has acquired four industrial assets in Indiana and Ohio totaling more than 1 million square feet for just over $102 million. Artemis Real Estate Partners sold three of the facilities. An Italian and specialty foods distributor was the seller of the fourth property. The assets include 2588 Jannetides Blvd., a 512,000-square-foot facility located directly along I-70 in Greenfield, Ind., within the East submarket of Indianapolis. The property is partially occupied by Wesco with 287,500 square feet available to lease in July. The building features a clear height of 32 feet and a 27.5-acre industrial outdoor storage yard. Situated within the River Ridge Commerce Center in Jeffersonville, Ind., 200 Trey St. is a 256,500-square-foot, rear-load distribution facility. The site benefits from an on-campus rail yard operated by OmniTRAX, proximity to I-65 and convenient connectivity to the Port of Indiana-Jeffersonville and the UPS WorldPort. Niagara Bottling fully occupies the building. A 201,600-square-foot building at 6770 Shook Road in Lockbourne, Ohio, features a clear height of 32 feet and a 1.6-acre lot for trailer/van parking. Kroger and Component Hardware fully lease the property. In Whitestown, Ind., 5000 Anson Blvd. is a 151,306-square-foot cold storage building that features temperature-controlled …

February 16, 2026

Development Indiana Midwest Office

IWG Adds Eight New Coworking Centers in Indiana

by Kristin Harlow February 10, 2026

INDIANA — International Workplace Group (IWG), a coworking platform with brands including Spaces and Regus, has unveiled plans to open eight flexible workspaces in Indiana. The expansion brings the company’s footprint to 30 locations across the state. IWG’s network now comprises thousands of locations in 120 countries. The Indiana locations will provide space for established firms and start-ups across a range of the state’s top industries, including business and finance operations, healthcare support, management and more. IWG’s Design Your Own Office service allows companies to tailor their space entirely to their requirements. The new Regus, HQ and Spaces facilities will include private offices, meeting rooms, coworking and creative spaces, and are slated to open in the first and second quarters of this year. One HQ facility in Merrillville has already opened. The other locations will be in Martinsville, Valparaiso, Fort Wayne, South Bend and Indianapolis. IWG predicts that 30 percent of all commercial real estate will be flexible workspace by 2030.

February 10, 2026

Acquisitions Indiana Midwest Multifamily

CBRE Negotiates Sale of 268-Unit Multifamily Community in Zionsville, Indiana

by Kristin Harlow February 6, 2026

ZIONSVILLE, IND. — CBRE has negotiated the sale of Reserve at William’s Glen, a 268-unit multifamily community in Zionsville. Birge & Held purchased the property from Buckingham Cos. CBRE’s Hannah Ott, George Tikijian, Cam Benz and Claire Hassfurther represented the seller. Built in 2001, the asset features a range of one- and two-bedroom floor plans averaging 916 square feet. Amenities include a pool, fitness center, clubhouse, business center, dog park, yoga and meditation room and walking trails.

February 6, 2026

Acquisitions Indiana Midwest Retail

Kaden Cos. Acquires Eastland Plaza Shopping Center in Indiana for $22.4M

by Kristin Harlow February 4, 2026

BLOOMINGTON, IND. — Kentucky-based Kaden Cos. has acquired Eastland Plaza, a 125,000-square-foot shopping center in Bloomington, for $22.4 million. Situated adjacent from College Mall on 12 acres, the property is home to anchor tenants Petco, DSW, Dollar Tree and Rally House. Additional tenants include Jimmy John’s, McAlister’s Deli, Noodles & Co. and Domino’s Pizza. The center was 80 percent leased at the time of sale. Rebecca Wells of Cushman & Wakefield represented the seller, an entity doing business as Eastland Plaza LLC.

February 4, 2026

Acquisitions Indiana Loans Midwest Multifamily

Red Oak Capital Holdings Provides $2.8M Bridge Loan for Indianapolis Multifamily Property

by Kristin Harlow January 30, 2026

INDIANAPOLIS — Red Oak Capital Holdings LLC has provided a $2.8 million bridge loan to support the acquisition and repositioning of Linn Apartments, a 43-unit multifamily property on the Near South Side of Indianapolis. The interest-only loan, structured under Red Oak’s Opportunistic Bridge Loan Program, features an 18-month initial term and a loan-to-stabilized value of 55.7 percent. Stratos Athanassiades of Red Oak originated the loan, with underwriting led by Thomas Gorski and administration by James Myatt. The repeat borrower is an experienced investor in the Indianapolis market. Through its affiliated company, Midwest Living Management, the borrower oversees more than 7725 units and commercial assets throughout metro Indianapolis. Linn Apartments contains 43 units across three two-story buildings. Built in 1963, the Class C property was approximately 65 percent occupied at the time of the loan closing. The buyer plans to begin renovations immediately upon acquisition. Upon stabilization, the buyer plans to refinance into agency debt.

January 30, 2026

Acquisitions Illinois Indiana Midwest Retail

Mid-America Brokers Sales of Two Former Kmart, Sears Retail Properties in Illinois, Indiana

by Kristin Harlow January 29, 2026

ROUND LAKE BEACH, ILL. AND MICHIGAN CITY, IND. — Mid-America Real Estate Corp. has brokered the sales of two former Transformco retail properties in Round Lake Beach and Michgian City. The asset at 400 E. Rollins Road in Round Lake Beach, formerly a Super Kmart totaling 190,174 square feet, sold to Target Stores. A former Sears and Sears Auto Center complex that was part of Marquette Mall in Michigan City totaling 92,905 square feet and 12,365 square feet, respectively, sold to Tonn and Blank Construction LLC. Andy Bulson, Mike Phillips, Dick Spinell and Mike Fitzgerald of Mid-America represented Transformco in both transactions.

January 29, 2026

Development Indiana Industrial Midwest North Carolina Southeast Top Stories

John Deere to Open Two New Industrial Facilities in Indiana, North Carolina

by Hayden Spiess January 29, 2026

HEBRON, IND. AND KERNERSVILLE, N.C. — Agricultural and construction machinery company John Deere (NYSE: DE) plans to open two new industrial facilities in the United States. The developments include a distribution center near Hebron, Ind., and a manufacturing campus in Kernersville, N.C. John Deere recently broke ground on the 234-acre Indiana facility, which is designed to streamline operations and ensure timely delivery of equipment and parts. John Deere plans to invest $125 million to equip and development the 1.2 million-square-foot project, which is situated just off I-65. According to the company, the project is expected to create roughly 150 jobs in the state. Venture One Real Estate is developing the Indiana facility. The project team also includes Ware Malcomb as architect, Jacob & Hefner as civil engineer and Clayco as design builder. George Maragos of CBRE represented John Deere in its site selection. John Deere also operates its primary North American parts distribution center in the Midwest region in Milan, Ill. That facility has been in operation since 1973 and employs roughly 1,200 people. In Kernersville, a new $70 million manufacturing center will produce excavators for the construction market, assuming production activity that was previously conducted in Japan. The campus …

January 29, 2026

Acquisitions Indiana Midwest Retail

Hanley Investment Group Negotiates Sales of Four Indiana Retail Centers Totaling $30.5M

by Kristin Harlow January 27, 2026

FISHERS AND MCCORDSVILLE, IND. — Hanley Investment Group Real Estate Advisors has arranged the sales of four metro Indianapolis retail centers totaling nearly 83,000 square feet. The combined sales price was more than $30.5 million. Three of the centers — Brookschool Plaza, Sunblest Shoppes and Geist Corner — were owned by the same Indianapolis-based private investor. Thompson Thrift owned the fourth property, Geist Landing. Hanley Investment Group’s Dylan Mallory, in association with ParaSell Inc., represented the sellers. Charleston, S.C.-based Bond Street REIT purchased Brookschool Plaza in Fishers. Bryan Belk of Franklin Street represented the buyer. The 22,400-square-foot property, built in 2003, is fully occupied by Dunkin’, Sherwin-Williams, Ascension Medical Group, Travel Eye Care, Boutique Hair and Nails and Speck’s Pet Supply. Bond Street REIT also purchased Sunblest Shoppes in Fishers. Built in 1989, the 9,600-square-foot asset is fully occupied by Papa Murphy’s, Domino’s Pizza, Subway, H&R Block, Sunflower Spa, Armore’ Nails, Marian Coffee and The Mailing Station. A private investor based in Indianapolis purchased Geist Corner in McCordsville. The 19,248-square-foot strip center was built in 2006. Tenants include Goodfella’s Brick Oven Pizza & Pasta, Fit Body Boot Camp, Happy Cuisine, Subway, Huntington Learning Center, Papa John’s, Bella Nail & Spa …

January 27, 2026

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