Infill Trophy Multi-Housing Asset for Sale in Indianapolis

Tuesday, June 7, 2016

Update:  HFF closed the sale of this property.

HFF is pleased to present Pulliam Square, a newly-constructed, 145-unit, luxury, mid-rise, multi-housing community in downtown Indianapolis. The apartment building for sale is uniquely-positioned to afford residents a true live-work-play environment as it is within walking distance to Indianapolis’ central business district and the Mass Ave. Cultural District, Indianapolis’ most dynamic entertainment corridor and home to some of the most popular restaurants, bars, entertainment venues and economic activity in all of Indianapolis.

Pulliam Square was completed in September of 2015 and is currently 90 percent leased; the property has averaged nearly 12 leases per month through lease up. Residents enjoy upscale luxury living in a fully-amenitized community set in an urban, walkable setting.

Recently, Indianapolis was ranked the No. 1 metro area for young college graduates by Bloomberg, and the Indianapolis Business Journal just detailed Indianapolis’ burgeoning tech scene.

Apartment Property Benefits

  • Institutional Class A Asset in a Core, Infill Location: This best-in-class property presents the rare opportunity to acquire a distinct asset with a desirable infill location, abundant community amenities, leased retail and some of the finest unit interiors, including granite countertops, stainless steel appliances, espresso and white cabinets and wood-style flooring. Residents have easy access to the finest shopping, dining and entertainment venues in the entire city. Due to these factors Pulliam Square has achieved a Walk Score® of 96.
  • Steps from Mass Avenue: In addition to the two on-site restaurants, The Tap and Wild Eggs, Pulliam Square residents can walk out their front door and have direct access to Mass Ave. The one-mile long strip is home to some of the most popular bars, restaurants, entertainment venues and retail in Indianapolis. Included among them are the famous 1,800-seat concert hall, Murat Center, and the historic Rathskeller German beer hall and massive outdoor beer garden.
  • The Salesforce Effect: Among its peer cities in the Midwest, Indianapolis leads in tech industry employment as a percentage of total employment which currently stands at 5.2 percent, and it will be growing. Salesforce just announced it will grow its presence in Indianapolis at a 250,000-square-foot property currently known as Chase Tower. The re-branded Salesforce Tower will hire 800 new employees and be located one and a half blocks from Pulliam Square.

To learn more about Pulliam Square or other multi-housing listings across the Midwest, contact Sean Fogarty, Ken Martin or Wick Kirby.     

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