HFF provides $104m for mixed-use property in Indianapolis

15 August 2018 (Last Updated August 20th, 2018 14:41)

Holliday Fenoglio Fowler (HFF) has provided $104m in funding for 360 Market Square, a new 27-storey, mixed-use residential and retail property on the former Market Square Arena in Indianapolis, Indiana, US.

Holliday Fenoglio Fowler (HFF) has provided $104m in funding for 360 Market Square, a new 27-storey, mixed-use residential and retail property on the former Market Square Arena in Indianapolis, Indiana, US.

On behalf of the borrower, Flaherty & Collins Properties, the HFF team worked to place the floating-rate loan with Heitman.

360 Market Square includes 292 apartment units with upscale condominium-quality finishes with around 42,000ft² of ground-floor allocated for retail space.

The property has a 550-space parking garage with 350 spaces reserved for residents.

“360 Market Square is located three blocks from Monument Circle in Indianapolis’ CBD.”

It also features 10,000ft² of amenity space, including a fitness centre, private yoga or spin studio, cyber café, screening lounge, business centre and gaming lounge.

Among the outdoor amenities include a landscaped courtyard, a swimming pool and a sky deck on the 28th floor.

360 Market Square is located three blocks from Monument Circle in Indianapolis’ CBD, within a half-mile of seven million square feet of Class A office space and the Massachusetts Avenue cultural district.

Headquartered in Indianapolis, Flaherty & Collins Properties manages development, construction and properties.

Since 1993, it has completed more than $2bn in development, and currently manages 120 properties and over 17,600 multi-family units in 12 states across the US.

A real estate investment management firm, Heitman has nearly $42bn in assets under management. Its real estate investment strategies include direct investments in the equity or debt capitalisation of a property or in the securities of listed and publicly traded real estate companies.

HFF and its affiliates provide commercial real estate and capital markets services to the global commercial real estate industry.