BY THE NUMBERS
INDIANAPOLIS—In the first half of 2016, investors bought up a number of value-add office properties in the Indianapolis area, but it was the purchase of stabilized assets in the second half of the year which pushed investment sales volume to a record level, according to Colliers International. Buyers spent $590 million on 21 properties in 2016, the firm found, a 130% year-over-year increase. The two biggest deals were Duke Realty Corp.'s sale of Parkwood Crossing and the disposition of Salesforce Tower and PNC Center by Equity Commonwealth. And, as reported in GlobeSt.com, big deals have continued in 2017.
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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.
