Connor Group Acquires Apartments in Indy’s Broad Ripple District
CBRE’s Steve LaMotte, Jr. and Dane Wilson arranged the sale of The Coil, a 151-unit multifamily property in Indianapolis. The Connor Group purchased the property from Promus Realty Properties for an undisclosed amount.
“We are very excited for Connor Group and their acquisition of such a high-profile asset within Indianapolis,” said Wilson. “The property is the only one of its kind that is located on both the Central Canal and Central Canal Trail. This location is highly sought after and offers several restaurant, entertainment and outdoor recreation options.”
Built in 2017, The Coil is located at 6349 N. College Ave., #105, within the Broad Ripple Village entertainment district. The property offers a mix of studio-, one- and two-bedroom floorplans and features gated structured parking, bike storage, a 24/7 fitness center, a pet spa, smart home technology, an outdoor courtyard and direct interior access to Fresh Thyme Market.
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. 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 15-20 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).
CRE courses for CE credits
Get CE course credits, centered around all things CRE. View our courses today!