Todd Stofflet, Jason Stevens and Susan Tjarksen Represented the Seller
CHICAGO, December 5, 2018 – Cushman & Wakefield has arranged the sale of The Coil Apartments and Fresh Thyme at 6349 N. College Ave, in Indianapolis to RDG Funds. The property is 151 units of new construction multifamily residences above a 33,500-square-foot retail space anchored by Fresh Thyme.
Todd Stofflet, Jason Stevens and Susan Tjarksen represented the seller, Sheehan Companies and Browning Investments.
Todd Stoflett, Cushman & Wakefield, said: “The Coil Apartments are well-located in the popular Broad Ripple Village, anchored by a Fresh Thyme, and with a number of dining, entertainment, fitness and shopping options just minutes away. This is one of the first sales of a Class A mixed-use property in Broad Ripple and The Coil is commanding some of the top rents in the area. Overall, it’s well-positioned for long-term growth.”
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Cushman & Wakefield (NYSE: CWK) is a leading global real estate services firm that delivers exceptional value by putting ideas into action for real estate occupiers and owners. Cushman & Wakefield is among the largest real estate services firms with 48,000 employees in approximately 400 offices and 70 countries. In 2017, the firm had revenue of $6.9 billion across core services of property, facilities and project management, leasing, capital markets, advisory and other services. To learn more, visit www.cushmanwakefield.com or follow @CushWake on Twitter.