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| Amanda Friant |
CHICAGO, IL – JLL has closed the sale of Carmel Center, a 322-unit multi-housing community and city landmark located in downtown Carmel, Indiana within the Indianapolis MSA.The price was not disclosed.
JLL worked on behalf of the seller, NTS
Development with an institutional partner, and The Connor Group acquired the
asset.
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| Carmel Center, a 322-unit multi-housing community and city landmark located in downtown Carmel, IN |
The JLL Capital Markets Investment Sales Advisory team was led by Managing Director Wick Kirby, Director Amanda Friant, Managing Director Mark Stern, Executive Managing Director Matthew Lawton and Analyst Sam Grohe.
Built in 2002, the 18-building, three-story, colonial-style property features spacious one- and two-bedroom apartments and four-bed, tri-level townhomes with award-winning floor plans and details.
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| Wick Kirby |
Community amenities include a stylish resident
lounge, an entertaining kitchen with Starbucks Coffee, a business lounge and a
pet spa. Both the clubhouse and leasing center have been recently renovated.
Situated at 675 Beacon St., the property overlooks Carmel’s Veterans Memorial and Reflection Pool and is just steps from the Monon Recreation Trail, Carmel City Center and the Arts and Design District.
The location provides residents access to more than 40 corporate HQs
along US-31/Meridian St, A+ rated schools and leading healthcare and allows
convenient connectivity via Meridian Pkwy (US-31), Keystone Pkwy., I-465 and
I-65. The property is just 15 miles north of downtown Indianapolis.
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| Mark Stern |
The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization.
The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.
For more news, videos and
research resources on JLL, please visit
our newsroom.
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| Matthew Lawton |
About NTS Development
NTS is a full-service, diversified real estate company with apartment communities, commercial properties and residential communities located in 9 cities across the Midwest and Southeast United States.
NTS has been providing high quality developments and real estate services for more than 55 years and currently manages over 10.9 million square feet of real estate including over 6,000 luxury apartment homes and over 4 million square feet of commercial property.
About The Connor Group
The Connor Group is one of the country's top privately held real estate investors and operators with a 31-year track record of innovation, accelerated growth, and industry-leading investment returns. Based in Dayton, Ohio,
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| Sam Grohe |
Contact:
Jenna Sharp
JLL, Public Relations
Dallas, Texas
M +1 214 394 3356
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