Oct
13
Tryperion Nabs Class A Office Building in Indianapolis
ByColliers International has closed on the sale of 550 Congressional Blvd., on behalf of joint venture partners.
550 Congressional
Colliers also marketed the property on behalf of the joint venture owners of REI Real Estate Services and Perennial Investments.
The building has recently undergone an approximately $1 million renovation, which included the addition of a bocce ball court, a fire pit and grill, outdoor meeting areas and a bike share program. Following these improvements, ownership successfully increased the building’s occupancy from 25 percent to 83 percent at the time of sale…
