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Chicago & Midwest   /   July 14, 2020

Paul Bubny
By: Paul Bubny

Hanley Arranges Deal for Community Center in Indy Suburb

Hanley Investment Group Real Estate Advisors completed the sale of the Bonn Building, a mixed-use community center in Fishers, IN, an affluent northern suburb of Indianapolis. This sale marks Hanley Investment Group’s third transaction in the state in the past five months, for a total consideration of $12.25 million.

The firm’s Dylan Mallory and Corey Olson represented the Toledo-based seller and developer, Republic Development. The buyer, a private investor based in Bloomington, IN, was self-represented. Pricing wasn’t disclosed.
 
Built in 2007, the Bonn Building is located in the heart of Saxony, a 3.5 million-square-foot office and industrial development spanning both south and north of Interstate 69. It was 92% leased at the time of sale.

“Fishers is one of the most affluent areas in the state of Indiana,” said Mallory. “With its close proximity and easy access to downtown Indianapolis, Fishers is primed for continual population and economic growth.”

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Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism.
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