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.”
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.
Email the Author
Reach over 250,000 Commercial Real Estate Professionals with Connect
Connect CRE reaches the top commercial real estate players nationwide and across all property types, offering you a variety of ways to showcase your team, your expertise and your brand to CRE decision makers.
The home for CRE news and everything you need to stay informed on deals, trends, and transactions, providing a platform to get your brand in front of your target audience.
Daily CRE Emails
Reaching over 150,000 inboxes across the nation every day, Connect’s Daily News emails provide advertising opportunities specific to your market.
Bi-Weekly Property Sector Emails
Focus your advertising on emails dedicated to your property sector and stay visible to current and potential clients.
Position your team as experts in your field with content created by Connect’s editorial team and published on Connect’s news emails. Showcase your intelligence and broaden your reach.