Priam Capital Acquires Second Indianapolis Office Building

JLL brokered the transaction on behalf the seller, Colony Northstar. The asset is a 116,248-square-foot property located approximately 15 minutes from downtown.

Class A Indianapolis office building Intech Ten has a new owner. Nashville, Tenn.-based Priam Capital bought the property from Colony Northstar, in a transaction brokered by JLL. The 116,248-square-foot building is 94 percent occupied, with several tenants having a tech profile.

A surge in the technology sector is pushing tech employment to record highs in Indianapolis,” said JLL Executive Vice President Rebecca Wells, in prepared remarks. “Colony Northstar chose the right time to maximize their opportunity by selling Intech Ten, which is part of the only privately held, certified technology park in Indiana.

In addition to Wells, the JLL broker team representing the seller also included Senior Vice President Jack Hogan and Senior Associate Kevin Gillihan. This is not the first time that JLL and Colony Northstar have worked together. The companies recently teamed up to close several Phoenix office deals

Priam Capital Acquires Second Indianapolis Office Building


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