NOBLESVILLE, IND. — USA Gymnastics will open its national office headquarters and Training & Wellness Center in Noblesville’s Innovation Mile district. Robert Hess, John Longshore, Stacy Davis and Ramya Gowda of Newmark represented the company in the two-year site selection process. The training center is expected to host National Team camps, competitions, coaching clinics and athlete wellness programs serving all gymnastics disciplines and thousands of athletes across the U.S. The Innovation Mile is a 600-acre business and technology district that is currently home to The Arena at Innovation Mile, the home of the G-League affiliate team to the NBA’s Indiana Pacers, as well as facilities for Caterpillar and the Indiana Orthopedic Institute. Future plans call for a mix of life sciences, healthcare and advanced manufacturing uses in the surrounding area.
LOGANSPORT, IND. — Timber Development Corp. has purchased Cass Commons Shopping Center in Logansport, a city in central Indiana, for $2 million. The 20,000-square-foot property is shadow anchored by a Walmart Supercenter. Tenants include Maurice’s, Great Clips and Buffalo Wild Wings. Dan Waszak of Quantum Real Estate Advisors Inc. brokered the transaction.
WESTFIELD, IND. — Skender has broken ground on the new $35 million headquarters for Westfield Police Department on an 11.7-acre site along Grand Park Boulevard. The project team includes Garmong as developer, Dewberry as architect and Veridus Group as the owner’s representative. The city’s Informatics Department will also be housed in the building. The project plan includes an optional 30,000-square-foot addition that can be added in the next 15 to 20 years. Completion is slated for 2027.
WESTFIELD, IND. — Thompson Thrift has unveiled plans to develop Revere, a 350-unit luxury apartment community in the Indianapolis suburb of Westfield. The company expects to welcome the first residents in February 2027. Units will come in one-, two- and three-bedroom configurations averaging 1,000 square feet. The residences will be spread across six buildings, including four three-story, garden-style buildings and two four-story, elevator-serviced buildings. Amenities will include a fitness center, social hub, heated pool, firepits, grilling areas, a dog park, pet spa, business center and conference room. Adjacent to the project site is IMMI, an advanced safety systems company that employs nearly 700 people at its Westfield office. Planned future retail will also be situated next to the apartment community.
FISHERS, IND. — Dora Hospitality LLC has broken ground on Indiana’s first AC Hotels by Marriott. Slated to open in early 2027, the project is part of Thompson Thrift’s The Union at Fishers District in the Indianapolis suburb of Fishers. Dora will own the hotel in partnership with Fishers Hotel Partners LLC. Seated atop 15,500 square feet of retail space, the 135-room hotel will feature meeting space, fitness equipment and European-inspired food-and-beverage offerings in the AC Lounge and AC Kitchen. The Union is one of five developments within the master plan of the $750 million Fishers District. The mixed-use project offers 60,000 square feet of retail, restaurant and entertainment space along with 251 luxury apartment units and 70,000 square feet of office space. Only one 1,250-square-foot retail space remains available for lease at The Union. Signed tenants include Piedra, Cunningham Restaurant Group, Niku Sushi, Kitchen Social, Everbowl and Racha Thai.
FISHERS, IND. — Merchants Capital has secured more than $56 million in financing for the acquisition and substantial rehabilitation of Cumberland Crossing, a 232-unit affordable housing property in Fishers developed by Birge & Held. The re-syndication of tax credits will extend Cumberland Crossing’s affordability period for an additional 30 years, with rent restrictions for half of the units at 50 percent of the area median income (AMI) and the other half of the units at 60 percent AMI. Birge & Held acquired the property via transfer of physical assets and assumed the existing $14.4 million HUD 223(f) loan, which was originated in 2019. Merchants Capital simultaneously closed a $17.2 million HUD 241(a) supplemental permanent mortgage for the property that will be drawn as renovations progress. Additionally, Merchants Capital provided $19.9 million in federal low-income housing tax credits and $4.4 million in solar tax credits, with equity bridge loan financing provided by a third-party bank. Cumberland Crossing features one-, two- and three-bedroom garden-style apartment units. The tenant in-place rehab includes the installation of solar power for electricity as well as common area and exterior updates, including new siding and windows, garage and carport repairs, updated landscaping, sidewalk improvements and parking lot …
CARMEL, IND. — KeyBank Real Estate Capital (KBREC) has arranged a $57 million fixed-rate loan with a national life insurance company for the refinancing of The Steadman Apartment Homes, a newly completed multifamily property in the Indianapolis suburb of Carmel. The loan proceeds will be used to refinance outstanding construction debt. Completed in 2024, the property was 60 percent leased as of March 2025. The Steadman features 263 units, with floor plans averaging 1,007 square feet. Amenities include a fitness center, coworking and conference rooms, a pet spa, community lounge, game lounge, golf simulator, dog park, rooftop lounge, pool, outdoor courtyard and coffee bar. Indianapolis-based Cityscape Residential was the borrower. Samantha Miller and Greg Halvorson of KBREC arranged the financing.
BROWNSBURG, IND. — Marcus & Millichap has arranged the $4.3 million sale of a single-tenant, net-leased industrial building in the Indianapolis suburb of Brownsburg. Located at 464 Southpoint Circle, the property comprises 64,176 rentable square feet on 5.6 acres. Built in 1975, the facility is fully occupied by Nucleated Technologies. Sam Curtis, Joseph DiSalvo and Forest Bender of Marcus & Millichap represented the seller. The all-cash transaction closed in under 30 days.
NOBLESVILLE, IND. — Marcus & Millichap has brokered the sale of Deer Chase Apartments in the Indianapolis suburb of Noblesville. Built in 2004, the 288-unit multifamily property features a mix of two-, three- and four-bedroom floor plans. Amenities include a fitness center, pool, sports courts, a playground and picnic area. The asset is located near the shopping destination Hamilton Town Center. Tony Rogers, Aaron Kuroiwa, Austin Meeker and Teddy Kenny of Marcus & Millichap represented the seller, the property’s original developer, and procured the buyer, a locally owned and operated company.
AUBURN HILLS, MICH. — Automaker Stellantis (NYSE: STLA), parent company of brands including Jeep, Dodge and Ram, has unveiled plans to invest $13 billion over the next four years to grow its business in the U.S. market and increase its domestic manufacturing footprint. The investment, the largest in the company’s 100-year U.S. history, will support the introduction of five new vehicles across the brand portfolio; production of the all-new four-cylinder engine; and the addition of more than 5,000 jobs at plants in Illinois, Ohio, Michigan and Indiana. Stellantis says the investment will increase its annual finished vehicle production in the United States by 50 percent over current levels. The new product launches will be in addition to 19 refreshed products across all U.S. assembly plants and updated powertrains planned through 2029. In Illinois, Stellantis plans to invest more than $600 million to reopen the Belvidere Assembly Plant to expand production of the Jeep Cherokee and Jeep Compass for the U.S. market. Initial production launch is expected in 2027, and the company anticipates the creation of roughly 3,300 new jobs. With an investment of nearly $400 million, Stellantis plans to move assembly of an all-new midsize truck from Belvidere to the …
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