“Both regional and national investors recognize the value of Indianapolis's central location, strong local economy and the continual tightening in occupancy across all submarkets," he adds. "College Park Plaza provides investors excellent stability with the long term occupancy of Republic Airways and phenomenal upside through the leasing of the remaining vacancy.”

“A year ago, we were seeing the tech-heavy areas and energy-dependent cities like Houston generating most of the absorption,” John Sikaitis, JLL's managing director for local markets and office research, told GlobeSt.com. But “the overall geographic diversity has greatly improved, with many other markets making contributions.” Along with Cincinnati, Cleveland, Columbus, Indianapolis and even Detroit have all taken part in the recovery.

The Indianapolis office market showed solid growth in 2014, according to a recent report from JLL. The region saw nearly 240,000-square-feet in net absorption by year's end and 3.5-million-square-feet of investment activity. LaSalle Investment Management/Global Property Investment Fund purchased the Precedent Office Park, a 21-building office complex in the Keystone submarket. Furthermore, other class A downtown properties like the 515,000-square-foot Market Tower and the 705,292-square-feet Regions Tower changed hands during 2014.

“This improvement is due in part to stabilized local employment, with strong activity from companies in the high tech, business services, healthcare and legal sectors,” JLL said.

The C&W/Summit sales team representing Griffin Capital was led by Cantu, executive vice president Brian Nagle, director Jerrod Wigal and partners Matt Langfeldt and Rich Forslund. C&W/Summit will continue leasing and managing the property.