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

Kristin Harlow — Fri, 27 Feb 2026 14:01:06 +0000

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.

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

Kristin Harlow — Tue, 17 Feb 2026 13:52:45 +0000

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.

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

Kristin Harlow — Mon, 16 Feb 2026 14:43:41 +0000

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…

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IWG Adds Eight New Coworking Centers in Indiana

Kristin Harlow — Tue, 10 Feb 2026 15:35:53 +0000

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.

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

Kristin Harlow — Fri, 06 Feb 2026 15:02:50 +0000

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.

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

Kristin Harlow — Wed, 04 Feb 2026 14:39:29 +0000

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.

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

Kristin Harlow — Fri, 30 Jan 2026 14:10:22 +0000

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.

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

Kristin Harlow — Thu, 29 Jan 2026 14:13:47 +0000

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.

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

Hayden Spiess — Thu, 29 Jan 2026 11:42:00 +0000

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…

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

Kristin Harlow — Tue, 27 Jan 2026 14:06:30 +0000

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…

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Denholtz Acquires 133,200 SF Shallow-Bay Industrial Portfolio in Indianapolis

Kristin Harlow — Tue, 27 Jan 2026 14:04:46 +0000

INDIANAPOLIS — Denholtz has acquired Park Elmwood Industrial Park, a four-building, 133,200-square-foot shallow-bay industrial portfolio in Indianapolis. The deal marks New Jersey-based Denholtz’s entrance into the Indiana market. Built in 1978, Park Elmwood is situated on 9.5 acres and features up to 16-foot clear heights, a full wet sprinkler system, 44 dock doors and 47 drive-in doors. Units range from 1,200 to 3,000 square feet. Alex Davenport and Alex Cantu of Colliers represented the seller, while Denholtz was self-represented.

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Michael P. Jakubiec Investment Real Estate Brokers Sales of Three Indiana Multifamily Properties

Kristin Harlow — Mon, 26 Jan 2026 14:01:00 +0000

INDIANA — Michael P. Jakubiec Investment Real Estate Inc. has brokered the sales of three multifamily properties in Indiana. All of the properties sold at list price within three days of each other. The 50-unit Bison Ridge Apartments in Nappanee sold for nearly $3.8 million, and the 24-unit Orchard Park Apartments in Wakarusa transacted for $1.3 million. Both were owned by the same entity and were acquired by the seller of the 48-unit Kensard Manor Apartments in Mishawaka, which sold for $3.8 million.

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MAG Capital Partners Acquires 425,000 SF Industrial Campus in New Castle, Indiana

Kristin Harlow — Fri, 23 Jan 2026 14:29:26 +0000

NEW CASTLE, IND. — MAG Capital Partners has acquired an approximately 425,000-square-foot industrial headquarters campus in New Castle, about 44 miles east of Indianapolis. The transaction was a sale-leaseback with New Castle Stainless Plate. Comprising more than a dozen buildings on nearly 128 acres, the property manufactures stainless plate products, serving a diverse range of industries including aerospace, energy, chemical processing and heavy equipment manufacturing. Deutsche Bank provided acquisition financing. Krupa Shah and Phil DiGennaro of Stream Capital Partners represented the seller.

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MMCC Arranges $7.6M in Financing for Retail Center in Suburban Indianapolis

Kristin Harlow — Fri, 23 Jan 2026 14:28:16 +0000

FRANKLIN, IND. — Marcus & Millichap Capital Corp. (MMCC) has arranged $7.6 million in financing for Franklin Commons, an 85,980-square-foot retail center at 1010 N. Morton St. in Franklin, about 20 miles south of Indianapolis. Garrett Fierstein of MMCC secured the financing with a local bank on behalf of the borrower. The five-year loan features a 6.5 percent interest rate, 25-year amortization period and a 70 percent loan-to-value ratio. Anchored by Kroger, the property is also home to Marshalls, Ross Dress for Less, PetSmart and Five Below.

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Cinnaire Closes $134M LIHTC Fund for 12 Affordable Housing Projects Across Five States

Kristin Harlow — Tue, 20 Jan 2026 13:47:23 +0000

LANSING, MICH. — Cinnaire has closed a $134 million low-income housing tax credit (LIHTC) fund, Cinnaire Fund for Housing 44. The fund will finance 12 affordable housing developments across five states, creating or preserving 950 homes for families, seniors and individuals with special needs. Fund 44 will support developments such as Chamberlain House in Rochester, Ind., East Bay Flats in Traverse City, Mich. and Element Collective in Madison, Wis. Chamberlain House is a new development with 40 affordable housing units for families, including eight units reserved for Indiana’s State Referral Network with project-based vouchers from the Indiana Housing & Community Development Authority. Housing Directions and Village Management Co. is developing the project. East Bay Flats is a rehabilitation project delivering 64 affordable homes for individuals who are homeless or at risk of homelessness. All units are supported by project-based rental subsidies from the Michigan State Housing Development Authority, with onsite supportive services provided by Goodwill Northern Michigan. The development team includes Goodwill Northern Michigan and TJ Acquisitions. Element Collective is a new property in Dane County that will create 197 affordable homes for families, including five units reserved for individuals experiencing or at risk of homelessness. As part of…

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Colliers Arranges Sale-Leaseback of 290,000 SF Industrial Portfolio in Wisconsin, Indiana

Kristin Harlow — Tue, 20 Jan 2026 13:45:33 +0000

NEW BERLIN, WIS. AND VALPARAISO, IND. — Colliers has arranged the sale-leaseback of an approximately 290,000-square-foot industrial portfolio for tenant Dynatect Manufacturing Inc., a provider of engineered equipment protection and safety solutions. The portfolio comprises two facilities in New Berlin, Wis., and an additional property in Valparaiso, Ind., within the Chicago metro area. New Berlin-based Dynatect executed a long-term lease across all three properties. Tom Shepherd, John Kardelis and Jennifer Huber-Bullock of Colliers represented Dynatect as its exclusive real estate advisor. CIM Group was the buyer.

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Marcus & Millichap Negotiates $6.7M Sale of Indianapolis Industrial Facility

Kristin Harlow — Tue, 13 Jan 2026 14:06:21 +0000

INDIANAPOLIS — Marcus & Millichap has negotiated the $6.7 million sale of a 51,989-square-foot industrial property in Indianapolis. Located at 3823 E. Massachusetts Ave., the facility was fully renovated in 2022 and is net leased to Service Electric Co., a subsidiary of Quanta Services. The building features a clear height of 36 feet, 17 drive-in doors, one dock door and high-capacity power. Gus Poulos, Forest Bender and Joseph DiSalvo of Marcus & Millichap represented the local seller and procured the out-of-market buyer.

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Inland, Scion Buy 489-Bed Student Housing Community at Purdue University in Indiana

Kristin Harlow — Mon, 05 Jan 2026 14:44:01 +0000

WEST LAFAYETTE, IND. — Inland Real Estate Acquisitions LLC and The Scion Group have purchased Fuse, a 489-bed student housing community located directly across the street from Purdue University’s Mackey Arena and Ross-Ade Stadium in West Lafayette. The property at 720 Northwestern Ave. rises five stories with 229 units. Amenities include a clubhouse, game room, yoga and dance studio, terrace and outdoor lounge, a fitness center and business center with private study rooms. The buyers acquired the property as part of a portfolio with two other communities in Waco, Texas, and Charlottesville, Va. Mark Cosenza and David Neboyskey of Inland completed the transaction on behalf of an Inland affiliate. TSB Capital Advisors consulted for the buyers and TSB Realty represented the sellers. Walker & Dunlop arranged fixed-rate loans for the portfolio through Freddie Mac.

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Joint Venture Underway on 237-Unit Build-to-Rent Community in Metro Indianapolis

Kristin Harlow — Mon, 22 Dec 2025 14:53:18 +0000

NOBLESVILLE, IND. — A joint venture of PCCP, Trinitas Ventures and Peninsula Investments has begun development of Avanza at Hyde Park, a 237-unit build-to-rent (BTR) community in the Indianapolis suburb of Noblesville. Completion is slated for fall 2027. Avanza at Hyde Park is the first BTR development for Trinitas under its Avanza brand. The project will feature one-, two- and three-bedroom villas along with two- and three-bedroom townhomes. An amenity center will include private conference rooms, a resident lounge, open green space, a pool, outdoor lounge areas, a dog park and walking trail. The project is situated across from Noblesville’s Hamilton Town Center, a 950,000-square-foot, open-air retail center.

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Cushman & Wakefield Brokers 312-Unit Multifamily Portfolio in Southern Indiana

Kristin Harlow — Fri, 19 Dec 2025 14:03:54 +0000

SELLERSBURG AND JEFFERSONVILLE, IND. — Cushman & Wakefield | Commercial Kentucky has brokered the sale of the Southern Indiana 3 Portfolio for an undisclosed price. The portfolio includes three workforce multifamily communities totaling 312 units. The assets include Ashby Apartments and Lakeview Apartments in Sellersburg and Carrington Place Apartments in Jeffersonville. All three communities are located within a 12-minute drive of downtown Louisville. Craig Collins, Austin English, Mike Kemether and James Wilbur of Cushman & Wakefield represented the seller, Salt Lake City-based Shamrock Communities. The buyer was The Clear Blue Co., a Nashville-based real estate firm.

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