Indiana Archives - 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.

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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.

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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.

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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.

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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.

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Northmarq Arranges $52.1M in Financing for Maple Knoll Apartments in Westfield, Indiana

Kristin Harlow — Tue, 04 Aug 2026 13:35:13 +0000

WESTFIELD, IND. — Northmarq has arranged debt and equity capital totaling $52.1 million for Maple Knoll Apartments, a 300-unit, garden-style community in Westfield. Annamarie Bjorklund and Cody Field of Northmarq arranged the financing on behalf of the borrower, Hudson Investing, through a repeat equity partnership with Torchlight Investment and Freddie Mac. Hudson plans a comprehensive renovation at the property. Built in 2007, Maple Knoll Apartments features 18 three-story buildings situated on nearly 24 acres. The community offers one-, two- and three-bedroom floor plans averaging 1,002 square feet.

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Varcity to Open 239-Unit Retirement Community at Purdue University in West Lafayette

Kristin Harlow — Mon, 03 Aug 2026 13:39:38 +0000

WEST LAFAYETTE, IND. — Varcity has unveiled plans to open Varcity at Purdue, a 239-unit, university-based retirement community within Purdue University’s Discovery Park District. Developed in partnership with Purdue University and the Purdue for Life Foundation, the property will bring a new generation of residents to campus. Varcity calls the concept “Retirement Renaissance” and says it creates “a lifestyle built around lifelong learning, meaningful relationships, wellness and continued purpose.” The 13.5-acre project will include villas, townhomes, stacked flats and concierge residences. The community will be co-developed with Atlanta-based Carter and professionally managed by Western States Lodging. Reach Architects and Gensler designed the property. The developer also says Varcity at Purdue represents a new model for higher education partnerships. “By activating underutilized university land, campuses gain a sustainable revenue source while creating opportunities for students through internships, mentorship, healthcare experiences, hospitality and daily intergenerational engagement.” Residents of Varcity could attend lectures from faculty, cheer on the Boilermakers, mentor students, take continuing education classes, enjoy concerts and performances or volunteer their time. Varcity at Purdue marks the first in a growing national portfolio. A second community at Texas A&M University is currently in development, with groundbreaking anticipated in early 2027.

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McColly Bennett Negotiates $15M Sale of Medical Office Building in Valparaiso, Indiana

Kristin Harlow — Fri, 31 Jul 2026 13:37:16 +0000

VALPARAISO, IND. — McColly Bennett Commercial Advantage has negotiated the $15 million sale of a 43,500-square-foot medical office building in Valparaiso. The seller, Viking Medical Center, acquired and envisioned the future of the unfinished building two years ago. Construction on the building launched in 2018 when it was envisioned as a dialysis center. However, due to financial issues, the original tenant never took occupancy and the building sat incomplete and vacant until Viking Medical Center acquired the property and hired Hasse Construction to complete the build-out of the Class A medical facility. The two-story building features three elevators, a covered patient drop-off canopy, dedicated covered physician and staff parking and visitor parking for 182 vehicles. Adriana Gomez and Jeff Bennett of McColly Bennett marketed the property.

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Colliers Arranges Sale of 360-Unit Multifamily Community in Merrillville, Indiana

Kristin Harlow — Wed, 29 Jul 2026 13:50:26 +0000

MERRILLVILLE, IND. — Colliers has arranged the sale of The Ridge Apartments in Merrillville within Northwest Indiana. Bryce Wetzel, Tyler Hague, Lauren Stoliar and Ryan Roegner of Colliers represented the owner, Parkmont Group, a real estate investment and operating firm based in New York. Originally developed between 1970 and 1981 and renovated in 2024, the property features a variety of one- and two-bedroom floor plans. Amenities include a sundeck, landscaped courtyards and onsite laundry facilities. Morgan Properties was the buyer.

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Bradford Allen Negotiates Two Office Leases for Illinois Retina in Chicago Market

Kristin Harlow — Mon, 20 Jul 2026 13:46:39 +0000

SKOKIE, ILL. AND MUNSTER, IND. — Bradford Allen has negotiated two leases on behalf of Illinois Retina in the Chicago market. The medical services provider signed a 16,228-square-foot lease in Skokie, Ill., as well as an 8,728-square-foot lease in Munster, Ind., about 30 miles southeast of Chicago. Craig Nadborne of Bradford Allen negotiated the leases for Illinois Retina. Nadborne has completed more than a dozen renewals, relocations, expansions and renegotiations on behalf of the tenant over the past 20 years. The Skokie office is at Concourse Office Plaza. The long-term transaction marked a renewal and expansion from approximately 3,000 square feet. The property comprises two 12-story medical office buildings. Illinois Retina’s Munster office relocated from a smaller facility to 9200 Calumet Ave., a single-story medical office complex.

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Milhaus Completes Merger With SRG Residential, Agrees to Acquire Broadshore Capital

John Nelson — Tue, 14 Jul 2026 12:00:00 +0000

INDIANAPOLIS AND LOS ANGELES — Milhaus, a multifamily developer and operator based in Indianapolis, has completed its merger with SRG Residential, a subsidiary of Sares Regis Group based in Newport Beach. The combined company totals 1,400 employees and includes 50,000 apartments under management — 46,000 of which come from 190 properties managed by SRG Residential — as well as a development pipeline exceeding $2.5 billion. The combined company, which will be operated under the Milhaus platform, plans to start eight development projects this year totaling more than 2,000 new units in Southern California, Denver and Phoenix, giving Milhaus a presence in more than 20 markets across the country. Chris Payne, former CEO of SRG Residential, joins Milhaus as both the chief development officer and a shareholder. Jeff Bailey, president of property management at SRG Residential and a shareholder, now leads the property management group at Milhaus. “This partnership is a natural fit,” says Tadd Miller, CEO of Milhaus. “SRG Residential brings a best-in-class, high-touch approach to property management and operations along with a quality development pipeline and seasoned leadership, while Milhaus contributes a high-quality owned portfolio and disciplined development and capital markets infrastructure.” “We are unlocking powerful synergies and long-term opportunities…

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Colliers Negotiates Sale of 954,072 SF Industrial Portfolio in Metro Indianapolis

Kristin Harlow — Thu, 09 Jul 2026 14:18:12 +0000

INDIANAPOLIS — Colliers has negotiated the sale of a six-building industrial portfolio totaling 954,072 square feet throughout the Northwest, Northeast and Southwest submarkets of metro Indianapolis. The assets are located in Indianapolis, Fishers and Plainfield. Alex Cantu, Alex Davenport, Jeff Devine, Steve Disse, Tyler Ziebel, Jason Speckman, Jimmy Cohoat and Andrea Hopper of Colliers represented the seller, EQT. Wisconsin-based MLG Capital was the buyer. The portfolio was 90 percent leased to 10 tenants at the time of sale with a weighted average lease term of 4.6 years. Suite sizes range from approximately 24,000 square feet to more than 260,000 square feet. Roughly 40 percent of the square footage is leased to investment-grade tenants. Four of the six assets are located within Park 100, one of the largest industrial parks in Indianapolis.

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Prime Beverage Group to Occupy 915,720 SF Industrial Facility in Metro Indianapolis

Kristin Harlow — Tue, 30 Jun 2026 13:19:31 +0000

FAIRLAND, IND. — Prime Beverage Group, a beverage contract manufacturer, has expanded into the Indianapolis market. The company has secured approvals to establish a beverage production facility in Fairland, a southeast suburb of Indianapolis. The property is part of Velocity 74 Trade Center, an industrial development from Browning Real Estate Partners. The tenant also maintains production and warehousing operations in North Carolina. According to Prime, the new Midwest location will provide improved supply chain efficiency, faster turnaround times and greater accessibility for its brand partners in Midwest markets. The Indiana facility totals 915,720 square feet. Warren Snowdon of Foundry Commercial and Brian Zurawski of Colliers represented Prime. Jimmy Cohoat and Jason Speckman of Colliers represented Browning.

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JLL Brokers Sale of 826,687 SF Industrial Portfolio in Suburban Indianapolis

Kristin Harlow — Fri, 26 Jun 2026 13:04:47 +0000

BROWNSBURG, IND. — JLL Capital Markets has brokered the sale of Park 74 Commerce Center, a two-building industrial portfolio totaling 826,687 square feet in Brownsburg within metro Indianapolis. The portfolio includes a 580,884-square-foot cross-dock facility and a 245,803-square-foot rear-load building, both constructed in 2024. Building features include clear heights of 40 and 32 feet, 84 dock doors, ample trailer parking and connectivity to the CSX railway via an active rail spur. The properties are fully leased to three tenants representing abrasives manufacturing, electric motors and flexible film production. The assets provide immediate access to I-74 via Ronald Reagan Parkway. Sean Devaney, Kurt Sarbaugh, Ed Halaburt, Ross Bratcher, Cameron Chandra and Luke Davis of JLL represented the sellers, Brennan Investment Group and RGA ReCap Inc., on behalf of Reinsurance Group of America Inc. Brian Buschuk and Brian Seitz provided local market expertise out of JLL’s Indianapolis office. Buyer information was not provided.

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CBRE Arranges Sale of Newly Converted 112,862 SF Industrial Building in Northern Indiana

Kristin Harlow — Fri, 19 Jun 2026 12:51:19 +0000

ELKHART, IND. — CBRE has arranged the sale of a 112,862-square-foot industrial building located at 3701 S. Main St. in Elkhart. CBRE’s Will Roberts, Steve Timmel and Chris Deutscher represented the seller, Industrial Commercial Properties, which redeveloped the former Concord Mall into Concord Business Park. The project to convert the former JC Penney store included a full interior demolition, increased clear heights and the addition of loading docks and drive-in doors. The property was fully leased at the time of sale to LEER Group. Vault Equity Partners was the buyer.

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Colliers Negotiates Sale of 324,880 SF Industrial Facility in Indianapolis

Kristin Harlow — Thu, 18 Jun 2026 13:17:02 +0000

INDIANAPOLIS — Colliers has arranged the sale of County Line Commerce Park Building II, a 324,880-square-foot industrial facility in southern Indianapolis. Built by Peterson Construction in 2025 as a build-to-suit project, Building II sits on 26.8 acres and features a clear height of 36 feet, 25 dock-high doors and 330 parking spaces. The building is the first to be completed within County Line Commerce Park, a 117-acre master-planned industrial complex that is planned to eventually feature four industrial buildings, two retail outlets and a hotel. Alex, Cantu, Alex Davenport, Jeff Devine, Steve Disse and Tyler Ziebel of Colliers represented the seller, a joint venture between Citimark and developer Gershman Partners, in the transaction. The buyer, Alfa Laval, a Swedish heating equipment manufacturer, occupies the facility for its North American manufacturing, testing and research and development headquarters.

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Cushman & Wakefield Brokers $12.3M Sale of Office, Retail Property in Carmel, Indiana

Kristin Harlow — Tue, 16 Jun 2026 13:30:55 +0000

CARMEL, IND. — Cushman & Wakefield has brokered the $12.3 million sale of Monon & Main, a four-story, 34,650-square-foot office and retail property located at 211 W. Main St. in the northern Indianapolis suburb of Carmel. Situated in the Carmel Arts & Design District, Monon & Main was fully leased at the time of sale. Built in 2018, the property is comprised of 79 percent office and 21 percent retail space. Rebecca Wells of Cushman & Wakefield represented the seller, a private partnership led by the Hannum family. The buyer was a private investor.

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Buckingham to Open Portrait Midtown Luxury Apartment Community in Metro Indianapolis This Summer

Kristin Harlow — Fri, 12 Jun 2026 12:58:33 +0000

CARMEL, IND. — Buckingham Cos. will open Portrait Midtown, a luxury apartment community in Carmel. Move-ins are scheduled to begin later this summer. Residents can choose from one-, two- and three-bedroom apartments as well as two- and three-bedroom townhomes. Situated near the city’s Midtown Arts District, the property features a micro market, two fitness studios, grilling stations, a dog park, resort-style pool and fire pits. Residents can work from home in the lounges, coworking spaces and outdoor plaza areas. Additional amenities include valet trash removal, rentable storage, electric vehicle charging and a 400-stall parking garage. Two public art installations in the community include a large-scale installation by London-based public art studio Acrylicize and a custom mural by Carl Leck of CBL Imagery.

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Cinnaire Closes $307M LIHTC Equity Fund for 2,259 Affordable Housing Units Across 10 States

Kristin Harlow — Mon, 08 Jun 2026 13:51:11 +0000

LANSING, MICH. — Lansing-based Cinnaire has closed a $307 million Low-Income Housing Tax Credit (LIHTC) equity fund, Fund for Housing LP 45, which will finance the creation and preservation of 2,259 affordable housing units across 27 properties in 10 states. Fund 45 will support multifamily development in Delaware, Illinois, Indiana, Maryland, Maine, Michigan, Minnesota, Pennsylvania, Virginia and Wisconsin. Specific projects include 3rd Avenue Flats in Dilworth, Minn., and The Argus Apartments in Verona, Wis. A new-construction development, 3rd Avenue Flats will bring 44 affordable housing units, five of which will be reserved for people with disabilities and four of which will be designated for households experiencing high-priority homelessness. The developer, Commonwealth Holdings IV, will partner with Lakes & Prairies Community Action Partnership to provide access to the state’s community coordinated entry system CARES, which provides access to all homeless housing programs as well as emergency resources to prevent households from falling into homelessness. The Argus Apartments is also a new development that will provide 60 affordable housing units, including nine reserved for individuals with developmental, physical or mental disabilities. Social services provider Lutheran Social Services will provide onsite services to the nine Permanent Supportive Housing units. The project developers are…

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Colliers Brokers Sale of 82,847 SF Avalon Crossing Shopping Center in Indianapolis

Kristin Harlow — Mon, 08 Jun 2026 13:47:40 +0000

INDIANAPOLIS — Colliers has brokered the sale of Avalon Crossing Shopping Center, an 82,847-square-foot neighborhood retail center in Indianapolis. Alex Davenport, Rachel Patten and Alex Cantu of Colliers, along with Seth Biggerstaff of Veritas Realty, represented the seller, Landmark Properties. The buyer was Ziff Real Estate Partners. Tenants at the property include Starbucks, Dollar Tree, Jimmy John’s, George’s Neighborhood Grill and Anytime Fitness. The three-building center was 92.6 percent leased to 18 tenants at the time of sale.

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