INDIANAPOLIS—Indianapolis-based Strategic Capital Partners, LLC and its partner Rubenstein Partners, LP, a real estate investment manager focused on value-added office properties, have completed one of the most significant recent investments in the Indianapolis region.
The partners acquired the 1.1 million-square-foot Precedent Office Park on Indianapolis' north side from Chicago-based LaSalle Investment Management for $132.7 million. The 184-acre campus at Keystone Ave. and E. 96th St. in the Keystone Crossing submarket consists of single-story, two-story and multi-story buildings and includes a 38-acre lake.
Although CBDs across the Midwest have attracted a lot of investment, this deal is a reminder that in many metro areas, especially Indianapolis, Kansas City and St. Louis, suburban-style properties still have allure, and in some ways, overshadow downtown offices.
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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.
