Indiana

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

by Kristin Harlow January 27, 2026

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.

January 27, 2026

Acquisitions Indiana Midwest Multifamily

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

by Kristin Harlow January 26, 2026

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.

January 26, 2026

Acquisitions Indiana Industrial Midwest

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

by Kristin Harlow January 23, 2026

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.

January 23, 2026

Indiana Loans Midwest Retail

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

by Kristin Harlow January 23, 2026

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.

January 23, 2026

Affordable Housing Development Indiana Michigan Midwest Multifamily Wisconsin

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

by Kristin Harlow January 20, 2026

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 …

January 20, 2026

Acquisitions Indiana Industrial Midwest Wisconsin

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

by Kristin Harlow January 20, 2026

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.

January 20, 2026

Acquisitions Indiana Industrial Midwest

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

by Kristin Harlow January 13, 2026

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.

January 13, 2026

Acquisitions Indiana Midwest Multifamily Student Housing

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

by Kristin Harlow January 5, 2026

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.

January 5, 2026

Build-to-Rent Development Indiana Midwest Single-Family Rental

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

by Kristin Harlow December 22, 2025

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.

December 22, 2025

Acquisitions Indiana Midwest Multifamily

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

by Kristin Harlow December 19, 2025

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.

December 19, 2025

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