CRE O Indiana

Sturges closes more than $100 million of CRE deals in Northeast Indiana in 2019

Sturges Property Group closes more than $100 million of deals in 2019,ph01

Sturges Property Group’s commercial real estate brokers have brought more than $100 Million in sales and leases to the Northeast Indiana region in the year 2019. This includes the full value of office, industrial, retail, land and investment sales and leases for the year.

The brokerage team at Sturges Property Group consists of nine commercial real estate brokers and four assistants, and is headquartered at 202 Metro in downtown Fort Wayne, Indiana.

Sturges Property Group’s sales and leases have brought many businesses to Northeast Indiana as well as helped existing businesses grow. Some of the biggest successes of the year include the sale of Park 3000 office building to Purdue Fort Wayne, Xfinity’s recently developed retail space in the former Tilted Kilt, and the sale of a 400,000 square foot industrial building in Huntington.

“The fact that all of these transactions happened right here in northeast Indiana shows the confidence of businesses to expand and grow and for investors to put their money here in the Fort Wayne market,” said Sturges Property Group President Brad Sturges.

Sturges Property Group uses a team model for the Brokerage department, with most listings and transactions having multiple Brokers attending to it. Brad Sturges remarked,

“The daily collaboration among our Brokers has allowed us to hit this notable volume of transactions for such a small team, and we are expecting to finish strong with more than $110 million in transaction value.” Company founder and CEO Barry Sturges noted. “This is one of the best years we’ve ever had in our 44-year history. I think people are starting to realize what we have known all along – that northeast Indiana is an advantageous place for business owners.”