CBRE facilitated the sale of Princeton Lakes, a 208-unit multifamily complex situated in Noblesville, Indiana. A local private investor acquired the property from Pedcor Companies for an undisclosed sum. Pedcor is a comprehensive team specializing in development, construction, property management and finance services for rental housing nationwide.
The transaction was brokered by CBRE’s Steve LaMotte Jr., Dane Wilson and Ross Wettersten on behalf of the seller. According to LaMotte Jr., “Princeton Lakes is located in Noblesville – a highly sought-after suburb north of Indianapolis – within affluent Hamilton County. This area offers modern amenities, thriving employment opportunities, historic infrastructure and upscale housing options.”
Constructed in 2005 at 17955 Murray Pl on State Roads 37 and 32 intersection,the property features one-, two- and three-bedroom units averaging approximately1 ,021 square feet each . Residents can enjoy various community amenities such as a swimming pool,a picnic area,a clubhouse,and playgrounds along with multiple walking trails.
This recent sale marks another successful transaction for CBRE as they continue to facilitate deals across various markets nationwide.
