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Brennan Investment Group Buys 446,000 SF Mixed Use Development
INDIANAPOLIS, July 13, 2015 – JLL has completed the sale of the 446,000-square-foot Hillsdale Business Park in Indianapolis on behalf of Hillsdale Property Owners, LLC. Brennan Investment Group, a Chicago-based private real estate investment firm, was the buyer. Financial terms were not disclosed.
JLL’s Jack Hogan, Brian Buschuk, Julee Zack, and Kevin Gillihan represented Hillsdale Property Owners, working with Transwestern’s Gary Nussbaum and David Mathias. Brennan Investment Group represented itself. The JLL team will continue to provide leasing and property management services for the building.
“Indianapolis continues to draw investors due to its strong business climate and increasingly important position as one of the best logistics markets in the country,” said John Robinson, managing director of JLL’s Indianapolis office. “This transaction is just one more example of how Indianapolis is continuing to attract investors from around the country.”
Hillsdale Business Park is a mixed use office/flex/healthcare development at 7700 N Shadeland Ave. on the northeast side of Indianapolis. The six-building park includes office, medical office, flex and warehouse space. The park offers tenants convenient access to I-69 and I-465, along with I-70. This well-constructed and maintained development houses a wide array of businesses in the healthcare, technology, and financial services industries.
Brennan Investment Group acquires, develops and operates industrial properties across the United States. The firm has a portfolio of more than 22 million square feet, including Jackson Industrial Park in Indianapolis.
About JLLJLL (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. A Fortune 500 company with annual fee revenue of $4.7 billion and gross revenue of $5.4 billion, JLL has more than 230 corporate offices, operates in 80 countries and has a global workforce of approximately 58,000. On behalf of its clients, the firm provides management and real estate outsourcing services for a property portfolio of 3.4 billion square feet, or 316 million square meters, and completed $118 billion in sales, acquisitions and finance transactions in 2014. Its investment management business, LaSalle Investment Management, has $55.3 billion of real estate assets under management. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit www.jll.com.
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