TWO MULTIFAMILY PROPERTIES SELL IN INDIANAPOLIS

by admin

INDIANAPOLIS — CB Richard Ellis has brokered the sales of two multifamily properties in Indianapolis. In the first transaction, Chicago-based Oak Residential Partners has acquired Grande Reserve at Geist, which is located at 11345 Arborview Dr. in Indianapolis. The property was listed at $13.35 million but sold for an undisclosed price. In the second transaction, St. Louis-based Thiemann Real Estate purchased Scandia, which is located at 9250 Kungsholm Dr. along with the White River in Indianapolis. The 444-unit multifamily property sold at an undisclosed price. The Indianapolis-Cincinnati Multi-Housing Group of CB Richard Ellis negotiated both transactions.

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