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Chicago & Midwest  + Midwest  + Apartments  | 

Apartments Trade in Indy’s Broad Ripple Village

Cushman & Wakefield has arranged the sale of The Coil Apartments and Fresh Thyme in Indianapolis to RDG Funds. Pricing was not disclosed.

Todd Stofflet, Jason Stevens and Susan Tjarksen represented the seller, Sheehan Companies and Browning Investments. The property is 151 units of new construction multifamily residences above a 33,500-square-foot retail space anchored by Fresh Thyme.

“The Coil Apartments are well-located in the popular Broad Ripple Village, anchored by a Fresh Thyme, and with a number of dining, entertainment, fitness and shopping options just minutes away,” said Stofflet. “This is one of the first sales of a Class A mixed-use property in Broad Ripple, and The Coil is commanding some of the top rents in the area. Overall, it’s well-positioned for long-term growth.”


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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Sale/Acquisition
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