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Marcus & Millichap Arranges Sale of 544-Unit Multifamily Property in Terre Haute, Indiana

TERRE HAUTE, IND. — Marcus & Millichap has arranged the sale of The Village Quarter Apartments in Terre Haute, located approximately 77 miles southwest of Indianapolis and five miles east of the Illinois state line. The sales price was undisclosed. The multifamily property at 100 Village Drive includes 544 units across 56 buildings. Amenities include a pool, fitness center, internet café, laundromat, basketball courts and tennis courts.The property was sold by the original developer …

Next Realty Acquires 39,000 SF Westridge Office Park in Suburban Indianapolis

AVON, IND. — An affiliate of Next Realty LLC has acquired Westridge Office Park in Avon, a western suburb of Indianapolis. The purchase price was undisclosed. The office and medical complex consists of two single-story buildings. Tenants include Indiana University Health Care Associates Inc., Indiana Department of Child Services, Kindred Hospice, Midwest Behavioral Health LLC, Allergy Partners and St. Vincent Medical Group. The acquisition marks the 12th and final acquisition made on behalf …

Eastern Union Arranges $9.7M Bridge Loan for Indianapolis Apartment Complex

INDIANAPOLIS — Eastern Union has arranged a $9.7 million bridge loan to facilitate the acquisition of Meridian Towers in Indianapolis. The 195-unit apartment complex is located at 3710 N. Meridian St. and dates to the 1950s. Michael Wyne of Eastern Union arranged the loan with assistance from Boruch Mandel of Eastern Equity Advisors, an affiliate of Eastern Union. The borrower was a joint venture between New York City-based Crown Capital Ventures and Toronto-based Whitestone Capital. The …

JLL Brokers $114M Sale of 1.5 MSF Distribution Center in Metro Indianapolis

FRANKFORT, IND. — JLL Capital Markets has brokered the sale of a 1.5 million-square-foot distribution center in the Indianapolis-area community of Frankfort for $114 million. The facility was completed in 2015 as a build-to-suit for food and beverage maker ConAgra Brands, which fully occupies the property. Building features include a clear height of 34 feet, 125 dock-high doors, four drive-in doors, 853 trailer parking stalls and 10 rail docks serviced by CXS and Norfolk Southern. John …

Cushman & Wakefield Brokers Sale of 186-Unit Luxury Apartment Complex in Indianapolis

INDIANAPOLIS — Cushman & Wakefield has brokered the sale of Notch at Nora, a 186-unit luxury apartment complex in Indianapolis. The sales price was undisclosed. The recently completed development is located at the corner of 86th Street and Westfield Boulevard. Amenities include a pool, dog park, fitness center, grilling area and direct access to the Monon Trail. George Tikijian, Hannah Ott and Cameron Benz of Cushman & Wakefield represented the seller, locally based TWG Development. …

TWG Opens $11M Affordable Seniors Housing Project in Indianapolis

INDIANAPOLIS — TWG has opened Line Lofts Apartments, an $11 million affordable seniors housing project on the east side of Indianapolis. Located at 1145 E. Washington St., the property features 63 two-bedroom units. One-fifth of the units are designed and reserved for seniors with visual impairments, as part of a partnership between TWG and local nonprofit Visually Impaired Preschool Services (VIPS).The property includes specific features to aid visually impaired residents, including …

Ziff Real Estate Partners Buys Fishers Crossing Shopping Center in Suburban Indianapolis

FISHERS, IND. — Ziff Real Estate Partners has purchased Fishers Crossing in the Indianapolis suburb of Fishers for an undisclosed price. The 29,569-square-foot retail center was fully occupied at the time of sale. Tenants include Pet Supplies Plus, Great Clips and Papa John’s. A recently renovated Kroger store shadow-anchors the property. This is the second retail center that Ziff has acquired in the Indianapolis

Greystone Provides $22M Acquisition Loan for Indianapolis Apartment Community

INDIANAPOLIS — Greystone has provided a $22 million Fannie Mae loan for the acquisition of Wildwood Village Apartments in Indianapolis. The garden-style apartment community includes 324 units across 33 buildings. Amenities include a clubhouse, business center, fitness center, pool, sports court and dog park. Dan Sacks of Greystone originated the 12-year loan, which features a 30-year amortization schedule, a fixed interest rate and five years of interest-only payments. An entity doing …

Ziff Real Estate Purchases 215,100 SF Flex Industrial Property in Indianapolis

INDIANAPOLIS — Ziff Real Estate Partners has purchased a 215,100-square-foot flex industrial property known as Director’s Row in Indianapolis for an undisclosed price. The property features convenient access to I-465, I-70 and the Indianapolis International Airport. Ziff plans to make significant upgrades to the building, which was nearly 64 percent occupied at the time of sale. Tenants include Fiserv, Rocore Thermal Systems and Evens Time. Tyler Wilson of Colliers International will handle …

Standard Real Estate Investments Launches Business, Provides Equity for Indianapolis Multifamily Project

INDIANAPOLIS — Standard Real Estate Investments LP, a minority-owned real estate private equity firm focused on providing joint venture equity to developers, formally launched its business on Wednesday, Aug. 25. The company closed a majority equity investment in a 244-unit multifamily project located at 75 W. 18th St. in downtown Indianapolis. Construction recently began on the development, but a timeline for completion was not disclosed.Standard, and its Indianapolis-based joint venture …

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