Skip Ribbon Commands
Skip to main content

News release


JLL completes $132.75M sale of Indianapolis office park

Rubenstein Partners, Strategic Capital Partners buy Precedent Office Park

​​INDIANAPOLIS, Jan. 10, 2018 – JLL's Capital Markets experts today announced the company completed the sale of Precedent Office Park in Indianapolis. A partnership between Rubenstein Partners and Strategic Capital Partners purchased the 19-building, 1.1 million square foot portfolio for $132.75 million. JLL represented the seller, LaSalle Investment Management, which acquired the properties on behalf of its U.S. closed-end value-add series, Income & Growth Fund VI, in July 2014.​

Managing Directors James Postweiler, Peter Harwood and John Robinson led the deal for JLL along with Vice President Tammy Faulk.

"This was an exceptional opportunity to acquire scale in a burgeoning Indianapolis market with institutionally maintained assets," said Postweiler. "We continue to see demand for large portfolio style investments, especially with upside through lease-up and mark-to-market strategies."

Located 12 miles north of downtown Indianapolis in the Keystone submarket, the campus is situated around a pristine 38-acre lake and provides exceptional accessibility to 96th Street and I-465. The campus includes a diverse array of low-rise and mid-rise Class A office buildings, which are currently 90 percent leased.

The campus also includes a 6.06-acre parcel that is zoned for up to 80,000 square feet of office space, one of the last remaining parcels in the desirable Keystone submarket.

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 $145 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.

For more news, please visit The Investor, an online and mobile app news source providing real-time commercial real estate news to asset buyers and sellers around the world.

For more news, videos and research resources on JLL, please visit the firm's U.S. media center Web page:

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 third quarter of 2017, JLL had nearly 300 corporate offices, operations in over 80 countries and a global workforce of over 80,000. As of September 30, 2017, LaSalle Investment Management had $59.0 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

About LaSalle Investment Management

LaSalle Investment Management is one of the world's leading real estate investment managers with approximately $59 billion of private and public equity and private debt investments under management of all LaSalle Investment Management affiliates. LaSalle Investment Management's diverse client base includes public and private pension funds, insurance companies, governments, corporations, endowments and private individuals from across the globe. LaSalle Investment Management affiliates sponsor a complete range of investment vehicles including separate accounts, open- and closed-end funds, public securities and entity-level investments. LaSalle Investment Management affiliates are wholly-owned, operationally independent sub­sidiaries of Jones Lang LaSalle Incorporated (NYSE: JLL), one of the world's largest real estate companies. For more information please visit