Monday, July 20, 2020

Hanley Investment Group Arranges Sale of Mixed-Use Community Center in Affluent Indianapolis Suburb


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.

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.

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.

Corey Olson
“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.

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.”

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

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