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Suburban Offices Still Have Allure

CBDs may attract the most attention these days, but in some metros, suburban properties can outshine ones downtown.

By Brian J. Rogal | Updated on January 29, 2018

in-the_precedent_office_park_building_84_9449_priority_way_w_9340710 (4) The Precedent Office Park, a 1.1 million-square-foot campus on the north side of Indianapolis.

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.

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