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HFF Arranges $24.3 million in Financing for 516-unit Multi-Family Property in Indianapolis

HFF Arranges $24.3 million in Financing for 516-unit Multi-Family Property in Indianapolis

HFF has provided $24.3 million in financing for Pickwick Farms Apartments, a 516-unit multi-housing community in Indianapolis.…

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Pittman Partners Files Plans for $90M Mixed-Use Hub in Zionsville

Pittman Partners Files Plans for $90M Mixed-Use Hub in Zionsville

Pittman Partners LLC is planning a $90 million commercial and residential hub in Zionsville, the Indianapolis Business Journal reports.…

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Whitsett Plans to Convert 190,000 SF Former Indianapolis Star HQ into Apartments

Whitsett Plans to Convert 190,000 SF Former Indianapolis Star HQ into Apartments

The Whitsett Group is planning to redevelop the Indianapolis Star’s downtown headquarters into apartments. …

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Whitsett Plans to Convert 190,000 SF Former Indianapolis Star HQ into Apartments

Whitsett Plans to Convert 190,000 SF Former Indianapolis Star HQ into Apartments

The Whitsett Group is planning to redevelop the Indianapolis Star’s downtown headquarters into apartments. According to the Indianapolis Business Journal, the company has recently acquired the 190,000-square-foot property at 307 N. Pennsylvania Street and its 500-space parking garage from Star’s parent company, Virginia-based Gannett Co. Terms of the transaction were…

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Kite Realty Acquires Castleton Crossing in Indianapolis for $39M

Kite Realty Acquires Castleton Crossing in Indianapolis for $39M

Kite Realty Group Trust Inc. has purchased the 280,000-square-foot Castleton Crossing retail center in Indianapolis for $39 million. According to property records, Texas-based American National Insurance Co. is the seller of the property.…

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Milhaus’s $26M Downtown Redevelopment Obtains Rezoning, Design Approvals

Milhaus’s $26M Downtown Redevelopment Obtains Rezoning, Design Approvals

Milhaus Development has received design and rezoning approvals from the Historic Preservation Commission to repurpose the former Mitchell & Scott industrial site in downtown Indianapolis into a five-building apartment complex. Located in the Chatham-Arch historic district, the $26 million project will bring a total of 236 apartments, including studio,…

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Fishers Medical Office Building Wins BOMA’s TOBY Award

Fishers Medical Office Building Wins BOMA’s TOBY Award

The Building Owners and Managers Association (BOMA) has named the St. Vincent Medical Center Northeast, a medical office building in Fishers, the North Central Region winner of The Outstanding Building of the Year (TOBY) program. Developed and managed by Duke Realty, the approximately 119,800-square-foot facility at 13914 Southeastern Parkway opened in…

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Hertz Investment Acquires 650,000 SF Office Property in Indianapolis

Hertz Investment Acquires 650,000 SF Office Property in Indianapolis

Hertz Investment Group of Santa Monica, CA has closed on the purchase of the 650,000 square-foot Capital Center Office Tower Complex in Indianapolis from Invesco Real Estate. The local office of CBRE represented the seller in the transaction. According to the Indianapolis Business Journal, the complex is the 12th-largest in…

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Hendricks Breaks Ground on $30M Redevelopment of Retail Strip in Indianapolis

Hendricks Breaks Ground on $30M Redevelopment of Retail Strip in Indianapolis

Developed by Hendricks Commercial Properties of Wisconsin, the five-story mixed-use project will replace the vacant Woodfield Centre retail strip at the southwest corner of Keystone Avenue and East 86th Street with 120 high-end apartments and 36,000 square feet of ground-level retail space. According to the Indianapolis Business Journal, a 10,000…

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Eli Lilly Plans $180M Expansion of Insulin Cartridge Plant in Indianapolis

Eli Lilly Plans $180M Expansion of Insulin Cartridge Plant in Indianapolis

Locally based pharmaceutical giant Eli Lilly and Co. is considering an additional $180 million investment in its Indianapolis-based insulin manufacturing operations. Plans call for an 84,000-square-foot expansion of the company’s $140 million plant currently under construction in the southwest area of downtown Indianapolis. The new facility will increase the company’s insulin-active-ingredient…

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Vista Capital Arranges $7.7M CMBS Loan for Extended-Stay Property in Indianapolis

Vista Capital Arranges $7.7M CMBS Loan for Extended-Stay Property in Indianapolis

Vista Capital Company has negotiated and closed $7.7 million of financing for the five-story Staybridge Suites hotel in downtown Indianapolis. The 10-year CMBS loan was provided by a European-based group of investors who were attracted by the market and by the strong performance of the asset. The extended-stay, InterContinental-branded hotel was…

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Mayor Greg Ballard Plans Redevelopment of Former Market Square Arena Site

Mayor Greg Ballard Plans Redevelopment of Former Market Square Arena Site

The City of Indianapolis is ready to take another shot at redeveloping the former site of Market Square Arena (MSA), which it segmented into parking lots. During his annual State of the City speech, Mayor Greg Ballard has announced that his administration is now seeking plans and proposals to repurpose…

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