CBRE Arranges Sale of Newly Built 222-Unit Federal Hill Apartments in Noblesville, Indiana

CBRE has arranged the sale of Federal Hill Apartments, a 222-unit multifamily property in Noblesville. Summit Equity Investments purchased the property from Old Town Companies for an undisclosed amount. The property was pre-stabilized at the time of sale.

CBRE’s Hannah Ott, George Tikijian, Cam Benz, Clair Hassfurther, Ryan Stockamp and Sean Pingel represented the seller in the transaction.

"It was a pleasure for our team to assist Old Town on the sale of this beautifully designed community,” said Ott. “The fact that we received strong interest and competition on as asset that is still in its initial lease-up is a testament both to the high quality of this community and the high demand and desire to own in sought-after Hamilton County.”

Federal Hill Apartments is located at 196 Westfield Road, near the State Road 32 and 38 intersection and proximate to historic downtown Noblesville, which features several shopping, dining, employment and entertainment options. Federal Hill Commons Park is adjacent to the property and offers an amphitheater which hosts a wide array of events and activities annually. Built in 2024, the property features a range of studio-, one- and two-bedroom floor plans averaging 863 square feet.

Community and unit amenities include a fitness center, a resort-style swimming pool, an indoor pet grooming spa, EV charging stations, an outdoor grilling area, in-unit washers and dryers, smart lock entry doors and three on-site retailers, Indie Coffee Roasters, Café Noricha and Bocado.