Indiana Archives - REBusinessOnline

Annex Group Breaks Ground on $71M Affordable Housing Community in Indianapolis

Kristin Harlow — Fri, 16 Oct 2026 13:31:22 +0000

INDIANAPOLIS — The Annex Group has broken ground on Central at Old Southside, a 227-unit affordable housing community just south of downtown Indianapolis. The $71 million project will offer one-, two- and three-bedroom units to households earning between 50 and 60 percent of the area median income. Amenities will include a community center, fitness center, business center, dog park, garden area, playground and picnic area. Annex’s partnership with the McKenzie Center for Innovation and Technology will create hands-on learning and career development opportunities for locals through Annex University, an initiative launched earlier this year. Project partners for Central at Old Southside include BVH Architecture, CEC as civil engineer and Impact Housing Indiana Corp., an organization dedicated to supporting residents of affordable housing communities within Annex’s portfolio. The City of Indianapolis awarded the project with a 15-year PILOT, and Indiana Housing and Community Development Authority (IHCDA) provided $500,000 in soft funding as well as $33.5 million in tax-exempt bonds. Bank of America provided approximately $30 million in total equity as well as $53 million in construction financing, while Merchants Capital provided more than $30.7 million in permanent debt financing.

The post Annex Group Breaks Ground on $71M Affordable Housing Community in Indianapolis appeared first on REBusinessOnline.

Electric Plus Acquires 500,192 SF Industrial Facility Near Indianapolis for $38.6M

Kristin Harlow — Thu, 15 Oct 2026 13:17:07 +0000

PLAINFIELD, IND. — Electric Plus, an Indiana-based electrical contractor, has purchased a 500,192-square-foot industrial facility in Plainfield as part of a headquarters relocation. Jason Speckman of Colliers represented the company in the $38.6 million acquisition of the property at 501 Airtech Parkway. The asset is within the Airtech business park and features cross-dock loading, a clear height of 30 feet, a temperature-controlled warehouse, extensive power resources and ample parking. Since its founding in 2006, Electric Plus has grown from three employees to more than 950 employee-owners serving clients across Indiana and beyond. The company will relocate its headquarters from Avon to Plainfield. As part of the acquisition, approximately 115,000 to 265,000 square feet will be available for lease, with Speckman leading leasing efforts.

The post Electric Plus Acquires 500,192 SF Industrial Facility Near Indianapolis for $38.6M appeared first on REBusinessOnline.

Echo Real Estate Capital to Build 395,000 SF Industrial Development in Indianapolis

Kristin Harlow — Wed, 14 Oct 2026 12:56:46 +0000

INDIANAPOLIS — Echo Real Estate Capital Inc. has acquired 30 acres in Park 100 in Indianapolis. The two land sites currently feature three obsolete office buildings totaling 450,000 square feet that were formerly occupied by United Health Group and Genesys. The sellers were Ventas and The RMR Group, respectively. Echo plans to build Echo Business Park @P100, which will feature multi-tenant industrial facilities for users such as trade contractors, last-mile logistics, light manufacturing and distribution. Suite sizes will range from 7,000 to 80,000 square feet. Demolition is scheduled to begin later this month. Phase I of the project, located on the southern half of the site, will be comprised of three buildings totaling 195,000 square feet and is scheduled for completion in fourth-quarter 2027. Phase II, on the northern half, will feature an additional 200,000 square feet. Construction on Phase II is anticipated to commence in 2027 with delivery in 2028. Korey Ryan of Colliers will serve as leasing agent. CIBC is providing debt financing, and Keeley Construction is the general contractor. Powers Brown is the architect, and SpaceCo is the civil engineer.

The post Echo Real Estate Capital to Build 395,000 SF Industrial Development in Indianapolis appeared first on REBusinessOnline.

Colliers Arranges Sale of 1.1 MSF Industrial Facility Near Indianapolis

Hayden Spiess — Thu, 08 Oct 2026 15:27:39 +0000

WHITELAND, IND. — Colliers has brokered the sale of Mohr Logistics Park Building 6, a 1.1 million-square-foot, single-tenant industrial facility located within the 475-acre Mohr Logistics Park in Whiteland, Indiana, just south of Indianapolis. Alex Cantu, Alex Davenport, Jeff Devine, Steve Disse and Tyler Ziebel of Colliers Institutional Industrial Advisors | Central represented the seller, Mohr Capital. The Dallas-based commercial real estate investment firm specializes in the acquisition, development and management of office, industrial, healthcare, hotel and retail properties. The buyer was not disclosed. Fully leased through August 2036 to Cummins Inc. — a global power technology company that designs, manufactures and services engines, power systems and related technologies — the property features a 40-foot clear height, 120 dock doors, four drive-in doors, 652 auto parking spaces, 270 trailer parking spaces and a 140-foot truck court. The facility provides convenient access to Cummins’ corporate and supply-chain presence throughout Indiana, including its headquarters in Columbus, Indiana, while also offering connectivity to Indianapolis International Airport, home to the world’s second-largest FedEx air hub. “The property’s location at the I-65 and Whiteland Road interchange provides immediate access to Indianapolis’ primary north-south distribution corridor and key regional transportation networks,” says Cantu. “Investors continue to target…

The post Colliers Arranges Sale of 1.1 MSF Industrial Facility Near Indianapolis appeared first on REBusinessOnline.

Marcus & Millichap Arranges Sale of 206-Unit Multifamily Property in Fort Wayne, Indiana

Kristin Harlow — Thu, 08 Oct 2026 13:01:00 +0000

FORT WAYNE, IND. — Marcus & Millichap has arranged the sale of Shoaff Park Villas, a 206-unit multifamily property in Fort Wayne. Jack Friskney, Aaron Kuroiwa and Austin Meeker of Marcus & Millichap represented the seller, Shoaff Park Villas Apartments Inc., and procured the buyer, an Illinois-based investor with a regional portfolio in northern Indiana and southern Michigan. The transaction marked the first time the property had been offered for sale since 1976 after being owned by the same family for 50 years.

The post Marcus & Millichap Arranges Sale of 206-Unit Multifamily Property in Fort Wayne, Indiana appeared first on REBusinessOnline.

Highgates Sells Multifamily Property in New Albany, Indiana for $9.5M

Kristin Harlow — Fri, 25 Sep 2026 13:09:46 +0000

NEW ALBANY, IND. — Highgates has sold High Park Apartments, a 96-unit multifamily community in New Albany near Louisville, for $9.5 million. Highgates acquired the property in July 2019 for $6.7 million utilizing a 10-year, fixed-rate Fredie Mac loan at a rate of 4.4 percent. During the hold period, the firm invested roughly $500,000 in capital improvements, including roofing, HVAC systems and unit interiors.

The post Highgates Sells Multifamily Property in New Albany, Indiana for $9.5M appeared first on REBusinessOnline.

Venture One Breaks Ground on 1.2 MSF Distribution Facility for Amazon in Northwest Indiana

Kristin Harlow — Thu, 24 Sep 2026 14:19:30 +0000

CROWN POINT, IND. — Venture One Real Estate has broken ground on a 1.2 million-square-foot build-to-suit distribution facility for Amazon at VenturePark 65 in Crown Point. The new facility will support Amazon’s distribution network across the Chicagoland and Northwest Indiana markets and is expected to create approximately 500 jobs. The project marks Chicago-based Venture One’s second development in Indiana. The project team includes Venture One as developer, Premier Design + Build Group as general contractor, Ware Malcomb as architect and Jacob & Hefner as civil engineer. Ryan O’Leary of KBC Advisors assisted Amazon in its site selection, and Brian Vanosky and Michael O’Leary of Lee & Associates represented Venture One.

The post Venture One Breaks Ground on 1.2 MSF Distribution Facility for Amazon in Northwest Indiana appeared first on REBusinessOnline.

JLL Arranges Sale of 500,406 SF Industrial Building Near Indianapolis

Kristin Harlow — Wed, 23 Sep 2026 13:43:19 +0000

MOORESVILLE, IND. — JLL Capital Markets has arranged the sale of Westpoint Business Park, Building IV, a 500,406-square-foot sustainable food packaging building in Mooresville near Indianapolis. Completed in 2022, the cross-dock facility is fully leased to a packaging and manufacturing company. It features a clear height of 40 feet, 52 dock-high doors, three drive-in doors, a 140-foot truck court, 319 automobile parking spaces and 60 trailer parking positions. The property also includes 12,417 square feet of office space. John Huguenard, Ed Halaburt, Will McCormack and Cameron Chandra of JLL represented the seller, Ambrose. SkyREM acquired the asset.

The post JLL Arranges Sale of 500,406 SF Industrial Building Near Indianapolis appeared first on REBusinessOnline.

Boulder Group Arranges $4.5M Sale of Retail Property Leased to CVS in Zionsville, Indiana

Kristin Harlow — Thu, 17 Sep 2026 12:56:34 +0000

ZIONSVILLE, IND. — The Boulder Group has arranged the $4.5 million sale of a single-tenant retail property net leased to CVS in Zionsville. The building is located at 6511 Whitestown Parkway near the interchange of I-65 and Whitestown Parkway. Randy Blankstein, Jimmy Goodman and John Feeney of Boulder Group represented the seller, a West Coast-based real estate fund, and the West Coast-based 1031 exchange buyer. Approximately 15 years remain on the CVS lease. The landlord has zero ongoing property management responsibilities under the triple net lease structure. CVS Health operates approximately 9,000 retail pharmacy locations across the United States.

The post Boulder Group Arranges $4.5M Sale of Retail Property Leased to CVS in Zionsville, Indiana appeared first on REBusinessOnline.

Eisenberg Foundation Expands Mentorship Program into Indianapolis

Kristin Harlow — Wed, 16 Sep 2026 13:11:40 +0000

INDIANAPOLIS — The Harold E. Eisenberg Foundation is expanding its real estate mentorship program to Indiana. Headquartered in the north suburbs of Chicago, the foundation’s mentorship program has worked with more than 2,200 college and university students and over 100 professionals. Students can now request mentorships from more than 50 industry leaders in the greater Indianapolis area at no cost to the student, college or university. Students will select their mentor, based on their interests and availability, to schedule a full-day job shadow experience. The mentors are experts in brokerage, capital/financial markets, development, investment and management. Luke Lonneman of JLL, Ralph Shiley of Scannell Properties and John Snell of Snell Real Estate Evaluation Co. serve as the leadership of the Eisenberg Foundation’s Indiana Mentorship Advisory Committee and will oversee the program. The expansion of the mentorship program into Indiana can be attributed in part to the success and growth of other programs hosted by the foundation. Last spring, university teams from Indiana University in Bloomington, University of Indiana in Indianapolis and University of Notre Dame participated in the Eisenberg Foundation’s Annual Real Estate Challenge, a case competition. Additionally, as many as 30 students from Indiana college and universities typically participate…

The post Eisenberg Foundation Expands Mentorship Program into Indianapolis appeared first on REBusinessOnline.

Starwood Capital, Trinitas to Develop Three Student Housing Communities Totaling 2,046 Beds

Kristin Harlow — Fri, 11 Sep 2026 13:47:48 +0000

CARMEL, IND. AND MIAMI BEACH, FLA.— Starwood Capital Group and Trinitas Ventures have formed a joint venture to develop three student housing communities totaling 2,046 beds. Projects include Atmosphere Pittsburgh, a 672-bed development located at 217 Halket St. near Carnegie Mellon University in the city’s Oakland neighborhood; Atmosphere Norman, a 677-bed project located at 310 East Boyd St. near the University of Oklahoma in Norman; and Atmosphere on Mifflin, a 697-bed development located at 619 West Mifflin St. near the University of Wisconsin-Madison campus. All three communities are scheduled for completion in summer 2028. Ryan Lang led Newmark’s student housing team in arranging the joint venture. Trinitas Ventures is headquartered in Carmel, and Starwood Capital Group is headquartered in Miami Beach.

The post Starwood Capital, Trinitas to Develop Three Student Housing Communities Totaling 2,046 Beds appeared first on REBusinessOnline.

Colliers Arranges Sale of 1.5 MSF Industrial Portfolio in Indianapolis

Kristin Harlow — Tue, 08 Sep 2026 12:57:54 +0000

INDIANAPOLIS — Colliers has arranged the sale of the Indianapolis West Infill Industrial Portfolio, a 1.5 million-square-foot, 29-building light industrial portfolio located within the Park 100 and Park Fletcher industrial parks in Indianapolis. The portfolio spans the city’s Northwest and Southwest submarkets. Alex Cantu, Alex Davenport, Jeff Devine, Steve Disse, Tyler Ziebel, Tyler Wilson, Jason Speckman and Sydney Gabriel of Colliers represented the undisclosed seller. MLG Capital, on behalf of MLG Legacy Fund and 1031 exchange investors, purchased the portfolio, which is 94 percent leased to 158 tenants. The properties feature an average clear height of 15 feet with a total of 194 dock doors and 155 drive-in doors. The buildings range in size from 16,000 to 157,000 square feet.

The post Colliers Arranges Sale of 1.5 MSF Industrial Portfolio in Indianapolis appeared first on REBusinessOnline.

Gilbane, Purdue Fort Wayne Open 600-Bed Student Housing Development in Indiana

Kristin Harlow — Thu, 20 Aug 2026 12:44:30 +0000

FORT WAYNE, IND. — Gilbane and Purdue University Ford Wayne (PFW) have opened Trace, a 600-bed student housing complex on PFW’s North Campus made possible through a public-private partnership. PFW is continuing its transition from a commuter campus by offering a more traditional residential community, addressing the need for more student housing, which has been at full capacity for seven consecutive fall semesters. Located near Ginsberg Hall, the four-story, 213,000-square-foot development includes 176 units spanning studio to four-bedroom accommodations. Nearly half of the beds are reserved for university-contracted students while the remaining will be available for other students, including those enrolled at other colleges and universities, who will lease the complex directly. Amenities at the property include a convenience store, fitness center, gaming room, study space, lounges, a reception area, leasing office and multipurpose spaces. Outdoor amenities include a hammock farm, sand volleyball court, basketball court, grilling areas, fire pits and green space. Gilbane served as developer and construction manager, AVB was the design-builder and Progressive AE was the architect. The complex will be owned by Strategic Facility Partners and operated by Inwood Management.

The post Gilbane, Purdue Fort Wayne Open 600-Bed Student Housing Development in Indiana appeared first on REBusinessOnline.

Marcus & Millichap Brokers $3.1M Sale of Dutch Bros-Occupied Retail Property in Indiana

Kristin Harlow — Thu, 20 Aug 2026 12:42:13 +0000

VALPARAISO, IND. — Marcus & Millichap has brokered the $3.1 million sale of a newly built retail property net leased to Dutch Bros in Valparaiso. The 2,495-square-foot building is located at 2510 Laporte Ave. as a Target outlot within Valparaiso Market Place. It operates under a new 15-year absolute triple-net lease and is corporately guaranteed by Boersma Bros LLC. The property is roughly one mile from the Valparaiso University campus. Austin Weisenbeck, Sean Sharko, Adrian Mendoza and Phoebe Klein of Marcus & Millichap, in association with Julia Evinger, the firm’s Indiana broker of record, represented the seller, a Midwest developer. The team secured an Indiana-based buyer. The transaction closed at more than 96 percent of the listing price.

The post Marcus & Millichap Brokers $3.1M Sale of Dutch Bros-Occupied Retail Property in Indiana appeared first on REBusinessOnline.

JLL Negotiates Sale of 1.1 MSF Subaru Distribution Facility in Metro Indianapolis

Kristin Harlow — Tue, 18 Aug 2026 13:19:39 +0000

WHITESTOWN, IND. — JLL Capital Markets has negotiated the sale of Subaru at Park 267, a 1.1 million-square-foot distribution facility in the Indianapolis suburb of Whitestown. John Huguenard, Ed Halaburt, Ross Bratcher and Cameron Chandra of JLL represented the seller, a joint venture between Prologis and Browning. LaSalle Investment Management acquired the asset. Browning’s construction division constructed the build-to-suit development in 2024. The facility is fully leased to Subaru of America Inc. and serves as the largest distribution center within its nine-facility national network. The property features a clear height of 40 feet, 108 dock-high doors, four drive-in doors, cross-dock configuration with 135 feet of truck court depth and LEED Silver certification. The site includes 342 automobile parking spaces and 100 trailer parking spaces across 69.7 acres.

The post JLL Negotiates Sale of 1.1 MSF Subaru Distribution Facility in Metro Indianapolis appeared first on REBusinessOnline.

MDH Partners Acquires 1 MSF Industrial Building in Greenfield, Indiana

Kristin Harlow — Thu, 13 Aug 2026 13:16:17 +0000

GREENFIELD, IND. — MDH Partners has acquired 70 Connect III, a 1 million-square-foot industrial building in Greenfield within metro Indianapolis. Developed by Lauth on a speculative basis, the property sits along West 350 North in the East industrial submarket. JLL represented the seller. MDH’s Houston Hawley led the acquisition for the firm. The cross-docked building features a clear height of 40 feet, 108 dock doors expandable to 216, four drive-in doors, an ESFR sprinkler system and 8-inch slabs. MDH will complete a capital improvement program that will double trailer parking from 115 spaces to roughly 230 positions, expand the speculative office and complete a full interior and exterior repaint along with other improvements, delivering a move-in-ready building for a large user. JLL’s Brian Buschuk and Brian Seitz will handle leasing for MDH.

The post MDH Partners Acquires 1 MSF Industrial Building in Greenfield, Indiana appeared first on REBusinessOnline.

Wafra Acquires 899,080 SF Industrial Portfolio in Brownsburg, Indiana

Kristin Harlow — Wed, 12 Aug 2026 13:51:07 +0000

BROWNSBURG, IND. — Wafra Inc., a New York-based alternative investment firm, has acquired Brownsburg Logistics Park Portfolio, a collection of three industrial buildings totaling 899,080 square feet in Brownsburg. Funds advised by Wafra are acquiring the assets from a venture between Scannell Properties and Manulife Investment Management. Completed in 2022 and 2023, the buildings are home to seven tenants. The portfolio offers direct access to I-74 and is located about 12 miles from the Indianapolis International Airport.

The post Wafra Acquires 899,080 SF Industrial Portfolio in Brownsburg, Indiana appeared first on REBusinessOnline.

Matthews Brokers $9.5M Sale of Goodwill Distribution Facility in Greenwood, Indiana

Kristin Harlow — Wed, 12 Aug 2026 13:49:10 +0000

GREENWOOD, IND. — Matthews has brokered the $9.5 million sale of a Goodwill distribution facility in Greenwood. The transaction marked the highest-priced industrial property sale in the Johnson County submarket over the past year, according to Matthews. Built in 2016, the approximately 125,000-square-foot property sits on 18 acres with immediate access to I-65. The asset is leased to Goodwill Industries of Central Indiana and is positioned alongside major industrial users including Amazon, FedEx and Ulta. Alexander Harrold and Brett Davis of Matthews represented both the seller and the 1031 exchange buyer. Matthews leveraged Artemis, the firm’s proprietary artificial intelligence-powered customer relationship management platform, to identify a targeted pool of qualified industrial investors.

The post Matthews Brokers $9.5M Sale of Goodwill Distribution Facility in Greenwood, Indiana appeared first on REBusinessOnline.

Northmarq Arranges Sale of 190-Unit Multifamily Property in Jeffersonville, Indiana

Kristin Harlow — Fri, 07 Aug 2026 12:48:20 +0000

JEFFERSONVILLE, IND. — Northmarq has arranged the sale of Jeff on 10th, a 190-unit multifamily property in Jeffersonville, a suburb of Louisville. Bobby Schiavone, Adam Klenk and Jordan Arand of Northmarq represented the seller, a regional multifamily developer. The buyer was S&S Properties Investment. Noah Juran and Brendan Barker of Northmarq arranged permanent fixed-rate financing on behalf of the buyer through the firm’s Fannie Mae DUS platform. The loan features a seven-year term. Built in 2022, Jeff on 10th offers a mix of studio, one- and two-bedroom units with amenities such as a pool, fitness center, outdoor grilling areas, fire pits, a conference center and pet spa.

The post Northmarq Arranges Sale of 190-Unit Multifamily Property in Jeffersonville, Indiana appeared first on REBusinessOnline.

Matthews Arranges $16.1M Sale of Veterinary Portfolio in Illinois, Indiana

Kristin Harlow — Thu, 06 Aug 2026 13:10:58 +0000

ILLINOIS AND INDIANA — Matthews has arranged the $16.1 million sale of a four-hospital veterinary portfolio in Illinois and Indiana. Michael Moreno, Rahul Chhajed and Andrew Evans of Matthews arranged the sale, with Kyle Matthews serving as broker of record. The assets total 37,718 square feet and are leased to two veterinary operators under triple net lease structures. The seller brought the portfolio to market as the down leg of a 1031 exchange, and the buyer was looking to expand its veterinary portfolio.

The post Matthews Arranges $16.1M Sale of Veterinary Portfolio in Illinois, Indiana appeared first on REBusinessOnline.