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CBRE Arranges Sale of Newly Built Apartments in Indiana
CBRE has arranged the sale of Federal Hill Apartments, a 222-unit multifamily property in Noblesville, Indiana. Summit Equity Investments purchased the property from Old Town Companies for an undisclosed amount. The property was pre-stabilized at the time of sale.
CBRE’s Hannah Ott, George Tikijian, Cam Benz, Clair Hassfurther, Ryan Stockamp and Sean Pingel represented the seller in the transaction. “The fact that we received strong interest and competition on as asset that is still in its initial lease-up is a testament both to the high quality of this community and the high demand and desire to own in sought-after Hamilton County,” said Ott.
Federal Hill Apartments is located at 196 Westfield Road, near the State Road 32 and 38 intersection and proximate to historic downtown Noblesville, which features several shopping, dining, employment and entertainment options. Built in 2024, the property features a range of studio-, one- and two-bedroom floor plans averaging 863 square feet.
