Next Realty Makes Second Indianapolis Buy in 10 Months
An affiliate of Next Realty, LLC has acquired Westridge Office Park, an office/medical complex in Avon, IN. Terms of the transaction, made on behalf of Next Realty Fund IX, LP, were not disclosed.
This is the fund’s 12th and final acquisition. It’s Next Realty’s second acquisition in the Indianapolis MSA in the past 10 months.
Located at 6791 and 6845 E U.S. Highway 36 in Avon, Westridge Office Park is a 39,000-square-foot asset that caters to medical-related space users as well as traditional office tenants.
“As we execute our multi-solutions strategy, one of the asset types we believe will perform well is the single-story office property which offers tenants a competitive alternative to the traditional multi-story office space,” said Eteri Zaslavsky, managing director at Next Realty. “Assets like Westridge are increasingly sought after because they offer convenient direct access to all tenant spaces and abundant parking.”
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).