INDIANAPOLIS—Chicago-based HEARN and equity partner CrossHarbor Capital Partners have just purchased the 28-story BMO Plaza building in downtown Indianapolis for $40 million from an entity managed by True North Management Group. It's yet another sign of investor interest in this city's CBD, partly driven by a greater interest from office users in the amenities typically found in urban core areas.
True North was represented by Avison Young in the transaction.
Located at 135 N. Pennsylvania St., the 440,000-square-foot BMO Plaza is the sixth-tallest building in Indianapolis and home to several prominent tenants, including BMO Harris Bank, the US Dept. of Defense, General Electric, Quarles & Brady, and Rubin & Levin.
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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.
