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Chicago & Midwest  + Midwest  + Office  | 

Rubenstein, SCP Sign Insurer at Suburban Indy Campus

Rubenstein Partners and Indianapolis-based Strategic Capital Partners (SCP) signed insurer and financial services company Northwestern Mutual to a new 10-year, 26,000 square foot lease at Parkwood Crossing in Carmel, IN, within the Indianapolis metro area. Rubenstein and SCP acquired the eight-building, 1.2-million-square-foot office park in 2016.

Northwestern Mutual is consolidating several downtown and suburban offices – including an existing, smaller presence in Four Parkwood, also within Parkwood Crossing – into its new space at Six Parkwood.

“It’s gratifying to see the continued leasing momentum at Parkwood Crossing,” notes Brian Simel, Rubenstein Partners. “As businesses go back to work and adopt required social distancing measures in this rapidly evolving ‘new normal’, suburban office properties are poised to be in high demand.”

JLL’s Traci Kapsalis, Adam Broderick and Brittany Shuler handled the lease transaction on behalf of ownership. Cushman & Wakefield’s John Crisp represented Northwestern Mutual.

For comments, questions or concerns, please contact Paul Bubny

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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).

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