Parkwood West

successfully disposed asset

The Parkwood West project, done in partnership with Ambrose Property group, is an excellent case of an opportunistic investment. The asset’s main tenant (Firestone) was intending to break their lease early and relocate. By purchasing at a discount and putting a new tenant in their place (St. Vincent’s) the sponsor team was able to provide a relatively quick turnaround and a realized capital gain of 36% within 1 year or ownership. 

  • Indianapolis, IN
  • Built in 2007
  • 184,000 sft Class A Office
  • Re tenant opportunity 
  • $48 MM Purchase Price
  • $60.1 MM Sale Price
  • One of the best suburban office locations in Indiana
  • 36% total return (1 year hold)