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Market Trend: Indianapolis' Vacancy Increases to 5.8%
The Indianapolis Industrial market ended the second quarter 2017 with a vacancy rate of 5.8%. The vacancy rate was up over the previous quarter, with net absorption totaling negative 45,713 square feet in the second quarter. That compares to positive...

Plymouth Industrial REIT Completes First Post-IPO Acquisition
Plymouth Industrial REIT, Inc. (NYSE: PLYM) has closed on its acquisition of a six-property portfolio of industrial buildings located across South Bend, IN for $26 million, or about $39 per square foot, from REW LLC and W Partners LLC. The all-cash...

CEVA Logistics Reups 333,000-SF Lease in Plainfield
CEVA Logistics, a logistics service provider, has renewed and extended its 333,397-square-foot lease in Building IV of the Plainfield Business Center at 2151-2155 Airwest Blvd in Plainfield, IN. The renewal addresses the property's largest potential...

MI Homes Leases 13,000 SF at Three Woodfield
MI Homes leased 12,519 square feet in the Three Woodfield office building at 8425 Woodfield Crossing Blvd. in Indianapolis, IN. Built in 1989 and renovated in 2007, the five-story building totals 264,534 square feet in the Woodfield Crossing office...

Office Lease Up (July 17) JBG Shifting HQ to New Trophy Development in Downtown Bethesda
The JBG Cos. will shift its corporate headquarters to a new trophy building the firm is set to develop at the corner of Woodmont and Bethesda Avenues in downtown Bethesda, MD. The largest development company in the Washington, D.C. area had been looking...

Hope Source Takes 47,000 SF in Indianapolis
Hope Source, a family counseling service, leased 47,260 square feet in the bm154703office building at 8350 Craig St. in Indianapolis, IN. The 47,260-square-foot building was constructed in 1984. Matt Jackson represented the landlord, Jackson IG...

James Management Group Secures Financing for Three-Property Multifamily Portfolio
James Management Group secured $18 million to refinance a three-property multifamily portfolio across the Indianapolis, IN market. Dan Gable and Jason Brown from of the CBRE Capital Markets’ debt and structured finance team arranged the loan on behalf...

Mixed-Use Project Coming to Bloomington
The student housing investment and development division of Chicago-based CA Ventures and Regency Consolidated Residential, CA Student Living, has proposed a new project called Evolve Bloomington, a mixed-use, 751-bed community with 8,200 square feet of...

Physicians Realty Raises Money to Buy $800 Million in Medical Office Properties
Physicians Realty Trust (NYSE:DOC) closed a public offering of its common stock to raise $391 million - money it expects to use to acquire 18 health care properties in eight states, totaling 1.8 million net leasable square feet. The properties have for...

Kuehen + Nagel Leases 56,000 SF in Plainfield
Kuehen + Nagel, a shipping and logistics company, leased 55,500 square feet in the industrial facility at 845 Columbia Rd. in Plainfield, IN. The 151,200-square-foot Gateway IV building was constructed in 2017. John Hanley, Jared Scaringe and Terry...

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