 |
| 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.
 |
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.
 |
| Wick Kirby |
Units
include granite countertops, breakfast bars, original maple cabinets, stainless
steel appliances, in-unit washers and dryers, walk-in closets, wood-style plan
flooring and nine-foot ceilings.
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.
 |
| Mark Stern |
JLL’s Capital Markets group is
a full-service global provider of capital solutions for real estate investors
and occupiers.
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.
 |
| 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,
 |
| Sam Grohe |
The
Connor Group has grown to $4 billion in assets with a portfolio encompassing
more than 13,000 luxury apartments across 18 markets.
Contact:
Jenna Sharp
JLL, Public Relations
Dallas, Texas
M +1 214 394 3356
Jenna.Sharp@jll.com
