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Chicago & Midwest  + Midwest  + Office  |  August 30, 2018
Paul Bubny
By: Paul Bubny

HFF Secures Refi on Class A Indianapolis Office

REI Real Estate Services LLC has obtained a refinancing on 300 North Meridian, a 336,374-square-foot, Class A office tower in Indianapolis, via a loan arranged by HFF. The dollar amount of the transaction was not disclosed.

HFF’s David Keller, Ken Martin and Nelson Almond worked with REI to place the fixed-rate loan with Nationwide Real Estate Investments. HFF will service the loan, with proceeds going to pay off existing debt and provide capital for a major tenant’s improvement plan and lobby renovations.

“Given the quality of the sponsorship, continued long-term commitment to the building by its major tenant and the overall strength of the downtown Indianapolis office market, this proved to be a very attractive opportunity for Nationwide,” said Martin.

Developed by REI in 1987, the 27-story tower is 82% leased to a diverse group of national and regional banks, established law firms and consultants.


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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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