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Sales/acquisitions

August 28, 2012
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-PP Indy 5 LLC bought the 252-unit LaCasa Apartments at 1368 N. Arlington Ave.  The property was listed for $2.25 million. The purchase price was not disclosed. The buyer and seller, GRE A/B LLC, were represented by Michael Wernke of Marcus & Millichap in Indianapolis and Jake Steele and Andy Glinksi of Marcus & Millichap’s Denver office.

-The ELK Family Trust bought the 23,627-square-foot Tractor Supply Co. building on 4.88 acres at 8135 Brookville Road. The property was listed for $3.7 million. The purchase price wasn’t disclosed. The buyer was represented by Michael Wernke of Marcus & Millichap. The seller, Spencer Family Trust, was represented by Len Jarrott of Jarrott & Co.

-Clover Creek Commons LLC bought the 14,000-square-foot Clover Creek Commons retail center at 17160 Dragon Fly Drive, Noblesville. The seller, The National Bank of Indianapolis, was represented by Ralph Balber and Ashley Bussell of Newmark Knight Frank Halakar. The buyer, a development company, represented itself.

-8510 LLC bought an 18,000-square-foot building at 8510 Pendleton Pike. The buyer was represented by Matthew Broderick of Acorn Group. The seller, H&B Industries, was represented by Brian Buschuk and Jake Sturman of Jones Lang LaSalle.
 

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