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| Dylan Mallory |
FISHERS, IN -- Hanley
Investment Group Real Estate Advisors, a nationally recognized real estate
brokerage and advisory firm, announced today that the firm has completed the
sale of a mixed-use community center in Fishers, Indiana, an affluent
northern suburb of Indianapolis.
This sale marks Hanley Investment Group’s third transaction
in the state of Indiana in the last five months, for a total consideration of
$12.25 million.
Hanley Investment Group’s Dylan Mallory and Corey Olson represented the Toledo-based seller and developer, Republic Development. The buyer, a private investor based in Bloomington, Indiana, was self-represented in the transaction.
Hanley Investment Group’s Dylan Mallory and Corey Olson represented the Toledo-based seller and developer, Republic Development. The buyer, a private investor based in Bloomington, Indiana, was self-represented in the transaction.
Built in 2007, the Bonn Building sits on 2.32 acres and
is located on East 131st Street near Olio Road in the heart of Saxony, a 3.5 million-square-foot office
and industrial development spanning both south and north of Interstate 69.
The property is also located within the high-growth residential community of Saxony Village, which includes single-family homes, townhomes and apartments.
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| Built in 2007, the Bonn Building sits on 2.32 acres and is located on East 131st Street near Olio Road in the heart of Saxony, a 3.5 million-square-foot office and industrial development |
The property is also located within the high-growth residential community of Saxony Village, which includes single-family homes, townhomes and apartments.
The Bonn Building was
92% leased at the time of sale and features a complementary mix of
service-based, retail, food service, healthcare and traditional office tenants
that serve the immediate surrounding community.
“Fishers is one of the
most affluent areas in the state of Indiana,” said Mallory. “Nearby residents
have tremendous spending capacity with average household incomes of
$155,000.
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| Corey Olson |
Business
Insider recently ranked Fishers as one of the best suburbs to live in America.
With its close proximity and easy access to downtown Indianapolis, Fishers is primed for continual population and economic growth.”
With its close proximity and easy access to downtown Indianapolis, Fishers is primed for continual population and economic growth.”
Olson adds that the
population within a three-mile radius of the property has grown 33% since 2010
and is projected to grow another 23% by 2023, making it one of the
fastest-growing submarkets in Indiana.
Fishers
currently has an estimated population of 95,310 and is the sixth-largest city
in Indiana.
CONTACT:
Dylan Mallory
Hanley Investment Group
844.585.7678
Hanley Investment Group
844.585.7678
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