Office O Indiana

CBRE sells eight office properties in Indianapolis market

CBRE sells eight office properties in Indianapolis market,ph01

CBRE has arranged the sale of eight office properties in Northeast Indianapolis across two separate transactions. The Shadeland Station office park accounted for seven of the properties and the Enterprise Data Center was sold to a separate buyer. Purchase prices were not disclosed for either transaction.

The seven-building, 285,856-square-foot multi-tenant office park at Shadeland Station was 87 percent occupied at the time of sale. After a competitive bid process, the property was acquired by Cornerstone Companies, Inc.

The 51,508-square-foot Enterprise Data Center was sold separately to Landmark Dividend.

Dan Richardson, a senior vice president in CBRE’s Indianapolis office, represented a pension fund seller in the two transactions.