Downtown Indy Draws in More Investors


A modern facade was added to 130 E. Washington in the 1960s

INDIANAPOLIS—Onward Investors, LLC has become the latest investor to give Indianapolis’ downtown a vote of confidence. The Minneapolis-based company just completed the purchase of 130 E. Washington St., a 203,250 square foot historic office building in the CBD that it plans to reposition as creative office space. The company paid about $9.25 million and will put several millions more into a renovation.

“We’re a value-add buyer,” John Sohlberg, senior managing director and chief executive officer of Onward, tells, “and this is great area for us; downtown Indianapolis has been a recovering market and this building is in a section of downtown that is gentrifying.”…

Downtown Indy Draws in More Investors

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