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News release

​INDIANAPOLIS, IN

Neyer Properties acquires Two & Three Woodfield Crossing in Indianapolis

Cincinnati-based investment and development firm begins redevelopment of buildings


INDIANAPOLIS, Jan. 6, 2014 — The Cincinnati-based real estate investment firm Neyer Properties announced today that the company has acquired Two & Three Woodfield Crossing, a 386,000-square-foot, Class-A suburban office complex within Indianapolis’ popular Keystone submarket.

As part of their acquisition strategy, Neyer Properties plans a variety of renovations to the buildings, according to Dan Neyer, President/CEO of Neyer Properties.  The five-story atrium lobby within Woodfield III will be completely transformed to make it interactive and lively with amenities and gathering spaces for the tenants. Additional improvements include modernizing all bathrooms and common areas, while also adding parking spaces and providing a state-of-the-art fitness center and on-site conference center for tenant use.

The company also announced the selection of Jones Lang LaSalle as the new exclusive leasing agent for the property. Jones Lang LaSalle Senior Vice President Adam Broderick and Senior Associate Kevin Gillihan will lead the assignment.

“We have tried to enter the Indianapolis market for quite some time and couldn’t be more excited about this opportunity,” said Neyer.  “Woodfield Crossing is a premier development in an amenity-rich submarket that is very popular with a wide variety of tenants. With its large floor plates and current space availabilities, the buildings should be especially attractive to larger users in the marketplace.”

Neyer acquired the complex in late December from the special servicers C-III Realty Services.

About Neyer Properties
Neyer Properties takes pride in transforming the commercial real estate landscape of the communities we serve with an ongoing dedication to building real estate value. By forming Neyer Properties in 1995, Dan Neyer continues the tradition his family began more than 100 years ago. Dan and Neyer Properties have developed more than 3,000 acres of land and hundreds of projects totaling over $1 billion in construction and development. For more information, visit, www.neyer1.com

About Jones Lang LaSalle
Jones Lang LaSalle (NYSE:JLL) is a professional services and investment management firm offering specialized real estate services to clients seeking increased value by owning, occupying and investing in real estate. With annual revenue of $3.9 billion, Jones Lang LaSalle operates in 70 countries from more than 1,000 locations worldwide. On behalf of its clients, the firm provides management and real estate outsourcing services to a property portfolio of 2.6 billion square feet and completed $63 billion in sales, acquisitions and finance transactions in 2012. Its investment management business, LaSalle Investment Management, has $46.7 billion of real estate assets under management. For further information, visit www.jll.com.