REBusinessOnline

Northwestern Mutual Leases 26,000 SF at Parkwood Crossing in Indianapolis

INDIANAPOLIS — Northwestern Mutual has signed a 10-year office lease for 26,000 square feet at Parkwood Crossing in Indianapolis. The eight-building, 1.2 million-square-foot office park includes a 16,000-square-foot amenity center. It is located within the North Meridian/Carmel submarket of Indianapolis. Rubenstein Partners LP and Strategic Capital Partners LLC are the landlords and have owned the campus since 2016. Traci Kapsalis, Adam Broderick and Brittany Shuler of JLL handled the lease …

Muinzer, T2 Capital Acquire Ownership Stake in Chauncey Hill Mall Next to Purdue University

WEST LAFAYETTE, IND. — Muinzer, together with T2 Capital Management, has acquired a 50 percent stake in the ownership of Chauncey Hill Mall and Chauncey Hill Annex in West Lafayette. Trinitas Ventures was the seller. The purchase price was undisclosed. The properties are located next to Purdue University. The acquisition makes Muinzer the largest residential, retail and land owner near the university, according to the

Judge Orders Simon, Taubman to be Trial-Ready by Mid-November

OAKLAND COUNTY, MICH. — The dispute between Simon Property Group Inc. (NYSE: SPG) and Taubman Centers Inc. (NYSE: TCO) over a planned merger will move to a mediation phase. James Alexander, a circuit court judge with the state of Michigan, has ordered that the mediation phase be completed by July 31 and that the companies must be ready for a trial by mid-November. On Thursday, Taubman shareholders voted to approve and adopt the previously announced merger agreement dated Feb. 9 and says …

Milhaus Opens $30.4M Apartment Project in Downtown Indianapolis

INDIANAPOLIS — Milhaus has opened Grid, a $30.4 million apartment project located at 520 E. Washington St. in downtown Indianapolis. Grid includes 175 apartment units and 175 car parking spaces. Amenities include coworking spaces, multiple fitness areas, an outdoor courtyard, bark park, pet spa, coffee bar and resident lounge. The property serves as Milhaus’ first opportunity zone investment in the U.S. Milhaus says that Grid’s prominent location in the Cole Noble neighborhood served as …

Kenco Opens 250,000 SF E-Commerce Fulfillment, Distribution Facility in Jeffersonville, Indiana

JEFFERSONVILLE, IND. — Kenco, a third-party logistics provider, has opened a new e-commerce fulfillment and distribution facility in Jeffersonville, three miles north of Louisville, Ky. The 250,000-square-foot space is designed to serve e-commerce merchants as well as business-to-business customers and is scalable to over 660,000 square feet. Kenco says the Jeffersonville location was selected to enable customers to reach the vast majority of the U.S. population in one to two days via ground …

Discovery Senior Living to Complete Multi-Million-Dollar Renovation of Indianapolis Community

INDIANAPOLIS — Discovery Senior Living has unveiled plans for a multi-million-dollar capital investment and renovation of Discovery Commons at College Park, a 116-unit independent living community located in Indianapolis. The multi-phase project will include interior and exterior improvements. The initial phase will include new seating and gathering areas, including an upgraded lobby. Interior enhancements will also include renovated bathrooms, new flooring, lighting, furniture and décor as …

Cornerstone Group Underway on 96-Unit Luxury Apartment Project in Clarksville, Indiana

CLARKSVILLE, IND. — Cornerstone Group is underway on the development of Bolt + Tie, a 96-unit luxury apartment community in Clarksville, just north of Louisville, Ky. Nestled along the Ohio River, the community is expected to open in spring 2021. Monthly rents have yet to be disclosed for the units, which range from 577 to 1,451 square feet. The four-story development will also feature Elevate Office Suites, a mix of 46 office suites, 23 salon suites, 12 micro commercial spaces and a …

Colliers Arranges Sale of Two Industrial Facilities in Indianapolis

INDIANAPOLIS — Colliers International has arranged the sale of two industrial facilities within Park 100 on the northwest side of Indianapolis. The sales price was undisclosed. Building 133, located at 5251 E. 81st St., is a 20,530-square-foot warehouse fully leased to Iron Mountain Information Management. Building 641, located at 6061 Guion Road, is an 87,064-square-foot property fully leased to Mauser Packaging Solutions. Alex Cantu and Alex Davenport of Colliers represented the seller, …

Stan Johnson Co. Brokers $2.7M Sale of Indiana Healthcare Facility

KOKOMO, IND. — Stan Johnson Co. has brokered the $2.7 million sale of a 10,000-square-foot healthcare facility leased to Advanced Medical Imaging in Kokomo in central Indiana. The single-tenant property is located at 2008 W. Boulevard St. Constructed in 2003, the Class B building sits on 1.4 acres near two hospitals. Rachel Walz of Stan Johnson represented the buyer, a Chicago-based private investor. Advanced Nuclear Medicine LLC was the

Greystone Provides $14M Refinancing for Multifamily Property in Indiana

CROWN POINT, IND. — Greystone has provided a $14 million FHA-insured loan for the refinancing of Cypress Pointe Apartments, a 174-unit multifamily property located in Crown Point, about six miles southwest of Merrillville. The borrower was Bayshore Properties. The Section 223(f) loan carries a 40-year term, 35-year amortization and a fixed rate. The refinancing will enable Bayshore to continue with ongoing maintenance and renovations. Originally built in 1978, Cypress Pointe features six …

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