INDIANAPOLIS—Colliers International has closed the sale of 550 Congressional, a three-story, class A, 106,404-square foot office building located in Carmel, IN, a suburb just north of the city.
Colliers marketed the property on behalf of the joint venture owners of REI Real Estate Services and Perennial Investments. An affiliate of Tryperion Partners, a Los Angeles-based private real estate investment manager, purchased the asset with all cash.
It's another sign that the region's suburban office market, especially the northern suburbs, is on a roll, and catching interest from both investors and developers.
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