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News release

INDIANAPOLIS

Priam Capital Purchases Haverstick Portfolio in Indianapolis

JLL Continues Leasing and Property Management Services for the Property


INDIANAPOLIS, December 27, 2016 – JLL's real estate professionals are pleased to announce the sale of the Haverstick portfolio located in the prime Keystone area of Indianapolis to Priam Capital. The company purchased the two-building asset at 8200 & 8250 Haverstick Road, which sits adjacent to Keystone Avenue and just a half-mile from I-465. The portfolio contains two class B two-story office buildings totalling 79,400 square feet and features above market parking, an onsite fitness center and conference room.  

The Haverstick portfolio is located in the amenity rich Keystone area with the best retail, restaurants and lodging amenities within suburban Indianapolis. There are over 100 dining options within a 2-mile radius and easy access to The Fashion Mall at Keystone. In addition, there are more than seventy retail and dining establishments at Clay Terrace and Carmel City Center. The property is situated in one of the busiest areas of Indianapolis and a prime location for this office asset.  

This is the first asset in the Indianapolis market for Priam Capital; however, they are actively deploying capital from their second investment vehicle. Priam's focus is on acquiring stabilized multi-tenant office and retail properties in secondary and tertiary markets. Indianapolis is among some of the company's target markets.

"We are attracted to the overall growth in the Indianapolis area and specifically the stability of the Keystone and Carmel submarkets," says Priam Capital's Jimmy Beard. "Priam is excited to be working with JLL as we know they have a great reputation on the leasing and management fronts." 

Priam Capital tapped JLL's Indianapolis team to maintain their professional relationship by naming them the exclusive leasing and property management agent for the Haverstick portfolio. The JLL Indianapolis team handling the assignment includes Traci Kapsalis, Senior Vice President, and Kevin Gillihan, Vice President for leasing responsibilities. Ryan Room, Senior Vice President, will work closely with Priam Capital to provide property management services. 

"We are excited about the opportunity to work with Priam Capital on the management and leasing of their office portfolio in Indianapolis," said Traci Kapsalis, Senior Vice President of JLL. "The property is in such a bustling area of the city, which we feel is a significant advantage for the owners and appeals strongly to existing and new tenant needs."

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About Priam Capital
Priam Capital is a sponsor of boutique private equity real estate funds based in Nashville, TN and currently deploying capital from its second investment vehicle. Priam's focus is on acquiring stabilized multi-tenant office and retail properties in secondary and tertiary markets in the Southeast and Midwest, including Nashville, Memphis, Indianapolis, Louisville and Birmingham. 

About JLL
JLL (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.  JLL is a Fortune 500 company with, as of December 31, 2015, revenue of $6.0 billion and fee revenue of $5.2 billion, more than 280 corporate offices, operations in over 80 countries and a global workforce of more than 70,000.  On behalf of its clients, the company provides management and real estate outsourcing services for a property portfolio of 4.0 billion square feet, or 372 million square meters, and completed $138 billion in sales, acquisitions and finance transactions in 2015. As of September 30, 2016, its investment management business, LaSalle Investment Management, has $59.7 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.