INDIANAPOLIS—The Cincinnati-based real estate investment firm Neyer Properties has just purchased Two & Three Woodfield Crossing, a 386,000-square-foot, class A suburban office complex in Indianapolis' Keystone submarket, for $26 million from the special servicers C-III Realty Services.
This was Neyer's first acquisition in the Indianapolis market. The company plans to undertake a variety of renovations to the buildings, according to Dan Neyer, president and CEO, and will transform the five-story atrium lobby within Woodfield III to make it a gathering space for the tenants. Neyer will also modernize all bathrooms and common areas, add parking spaces and provide a state-of-the-art fitness center and on-site conference center.
The company has also selected Jones Lang LaSalle as the new exclusive leasing agent for the property. Jones Lang LaSalle Senior Vice President Adam Broderick and Senior Associate Kevin Gillihan will lead the assignment.
“We have tried to enter the Indianapolis market for quite some time and couldn't be more excited about this opportunity,” says Neyer. “With its large floor plates and current space availabilities, the buildings should be especially attractive to larger users in the marketplace.”
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Brian J. Rogal
Brian J. Rogal is a Chicago-based freelance writer with years of experience as an investigative reporter and editor, most notably at The Chicago Reporter, where he concentrated on housing issues. He also has written extensively on alternative energy and the payments card industry for national trade publications.
