Tuesday, July 3, 2012

$5 million refinancing of Meridian Crossing arranged by HFF in Carmel, IN



INDIANAPOLIS, IN – HFF announced it has arranged a $5 million refinancing for Meridian Crossing (top left photo), a 155,003-square-foot office building in Carmel, Indiana.

HFF worked on behalf of the property’s manager and owner, REI Real Estate Services, LLC, to secure the 10-year, fixed-rate loan through Aviva Investors for Aviva Life and Annuity Company, an HFF exclusive correspondent relationship.

Originally completed in 1982, the six-story building has undergone $4.3 million in capital improvements over the past several years, most recently in 2011.  The property is situated in central Carmel with close proximity to Indiana University Health North Hospital.

The HFF team representing REI Real Estate Services, LLC was led by managing director Jon Everson (middle right photo). 

“REI’s commitment to the property via capital improvements, along with the property’s location in the heart of Carmel and proximity to Indiana University Health North Hospital made this an attractive investment for Aviva,” said Everson.

REI Real Estate Services, LLC is a real estate services company based in Indianapolis, Indiana.  The company owns approximately one million square feet of office space and operates more than 2.8 million square feet in the Indianapolis area alone and has decades of experience working on major development and construction projects across the nation. 

 Contact:

JON EVERSON                                                 
HFF Managing Directo
(317) 630-3191                                                  

MYRA MOREN
HFF Director, Marketing
(713) 852-3500
 mmoren@hfflp.com                                                                                         

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