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National  + Indiana  + Office  | 

Institutional Investors Buy Indy Assets for $33M

Meridian Plaza Two and Three, a pair of Class A office buildings in Indianapolis’ North Meridian/Carmel submarket, have been sold for $33.1 million. The property was acquired by Chicago-based M&J Wilkow and New York-based DRA Advisors from a partnership comprising Zeller Realty Group, RSF Partners and CIII.

Built in 1979 and 1989, the buildings total 240,312 square feet and are 86% leased to a diversified tenant base. Both assets were extensively renovated in 2014, and include best-in-class amenities such as a conference center, fitness center, lounge, café and outdoor patio.

James Postweiler and Peter Harwood led the JLL team on the transaction.

“These buildings have been exceptionally well maintained and managed in recent years and, in addition to having solid in-place income, provide the owner an opportunity to add value over time through additional office leasing as well as potential redevelopment of the extensive surface parking,” said Postweiler.

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About Dennis Kaiser

Dennis Kaiser is Vice President of Content and Public Relations for Connect Commercial Real Estate. Dennis is a communications leader with more than 30 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect’s client content operations and is involved in a range of initiatives ranging from content strategy, message development, copywriting, media relations, social media and content marketing services. In his most recent corporate communications roles, he led a regional public relations effort across Southern California for CBRE, played a key marketing role on JLL’s national retail team, and was responsible for directing the global public relations effort at ValleyCrest, the nation’s largest commercial landscape services company. In addition to his vast commercial real estate experience, Dennis has worked on communications and launch strategies for a number of residential projects such as Disney’s Celebration in Florida, Ritter Ranch in Palmdale California (7,200 homes, 22,000 acres), WaterColor in Florida and PremierGarage in Phoenix. Dennis’s agency background included firms such as Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, BoyScouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and Thunderbirds Charities.

  • ◦Sale/Acquisition
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