January 25, 2011

-Financial Equity Associates, a Merrillville-based private investor, recently bought the 202-unit Bayhead Village apartments near West 38th Street and Bayhead Drive. The price wasn’t disclosed. It was the buyer’s third acquisition here since 2007 and the second in 2010. The buyer and seller, Apartment Investment and Management Co., were represented by Tikijian Associates.

-Doheny Indianapolis Properties LLC bought a 19,168-square-foot industrial building at 4937 Fieldstone Drive, Whitestown. The price wasn’t disclosed. The buyer was represented by Steve Beals of Lee & Associates. The seller, Valenti Held Real Estate Group, was represented by Michael Weishaar of Cassidy Turley.

-Gridiron Real Estate LLC bought a 12,000-square-foot office building at 4435 Southport Crossings Way. The price wasn’t disclosed. The buyer was represented by Spero Pulos of Lee & Associates. The seller, P&M Property Management LLC, was represented by Keith Turnbill of Re/Max Select.

-Velox Express Inc. bought a 5,235-square-foot office building at 243 S. Madison Ave., Greenwood. The buyer and seller, Perfectionheir Properties LLC, were represented by Cathy Richards of Lee & Associates.