Indianapolis, IN
CBRE Arranges Sale of 151-Unit The Coil in Indianapolis
November 15, 2022
Media Contact
Sr Communication Specialist
CBRE has arranged the sale of The Coil, a 151-unit multifamily property in Indianapolis. The Connor Group purchased the property from Promus Realty Properties for an undisclosed amount.
CBRE’s Steve LaMotte, Jr. and Dane Wilson represented the seller in the transaction.
“We are very excited for Connor Group and their acquisition of such a high-profile asset within Indianapolis,” said Wilson. “The property is the only one of its kind that is located on both the Central Canal and Central Canal Trail. This location is highly sought after and offers several restaurant, entertainment and outdoor recreation options.”
Built in 2017, The Coil is located at 6349 N. College Ave., #105, within the Broad Ripple Village entertainment district. The property offers a mix of studio-, one- and two-bedroom floorplans averaging 887 square feet and features gated structured parking, bike storage, a 24/7 fitness center, a pet spa, smart home technology, an outdoor courtyard and direct interior access to Fresh Thyme Market.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2024 revenue). The company has more than 140,000 employees (including Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.