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News release

Indianapolis, IN

JLL arranges sale of Indianapolis’ INTECH Ten

JLL Indianapolis Capital Markets announced the company completed the sale of Intech Ten in Indianapolis


INDIANAPOLIS, September 17, 2017 – JLL Indianapolis Capital Markets announced the company completed the sale of Intech Ten in Indianapolis. JLL represented the seller, Colony Northstar. Priam Capital, of Nashville, Tennessee, bought the property and is their second purchase in Indianapolis. The JLL team of Rebecca Wells, Kevin Gillihan and Jack Hogan led the sale of the asset.

"A surge in the technology sector is pushing tech employment to record highs in Indianapolis," says JLL Capital Markets Executive Vice President Rebecca Wells, CCIM. "Colony Northstar chose the right time to maximize their opportunity by selling Intech Ten, which is part of the only privately-held certified technology park in Indiana."

Recently named one of the fastest growing technology markets in the United States, Indianapolis is attracting tech and traditional companies alike, as evidenced by the recent strong leasing velocity at Intech Ten. The Class A suburban office building consisting of approximately 116,248 square feet is 93.7% occupied.

Located in the northwest submarket of Indianapolis, Intech Ten is minutes from downtown Indianapolis, the Indianapolis International Airport, as well as surrounding interstates. The prominent suburbs of Zionsville and Carmel are nearby, drawing a talented and educated workforce. The building is an exceptional environment for tenants. Aside from the fully renovated lobby and common areas, the property is connected to Eagle Creek Park, a public park with 1,400 acres of water and 3,900 forested acres.

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether a sale, financing, repositioning, advisory or recapitalization execution. In 2016 alone, JLL Capital Markets completed $136 billion in investment sale and debt and equity transactions globally. The firm's Capital Markets team comprises more than 2,000 specialists, operating all over the globe.


About JLL

JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. A Fortune 500 company, JLL helps real estate owners, occupiers and investors achieve their business ambitions. In 2016, JLL had revenue of $6.8 billion and fee revenue of $5.8 billion and, on behalf of clients, managed 4.4 billion square feet, or 409 million square meters, and completed sales acquisitions and finance transactions of approximately $145 billion. At the end of the second quarter of 2017, JLL had nearly 300 corporate offices, operations in over 80 countries and a global workforce of nearly 80,000. As of June 30, 2017, LaSalle Investment Management had $57.6 billion of real estate under asset management. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com