CBRE has successfully facilitated the sale of Federal Hill Apartments, a premier multifamily property in Noblesville, Indiana. The 222-unit complex was acquired by Summit Equity Investments from Old Town Companies for an undisclosed sum. At the time of sale, the property was still in its initial lease-up phase.
The transaction was led by CBRE’s team consisting of Hannah Ott, George Tikijian, Cam Benz, Clair Hassfurther, Ryan Stockamp and Sean Pingel who represented the seller. According to Ott: “The strong interest and competition we received for this asset is a testament to both its exceptional quality and high demand for ownership in Hamilton County.”
Federal Hill Apartments is situated at 196 Westfield Road near State Road 32 and 38 intersection with easy access to historic downtown Noblesville which offers various shopping outlets as well as dining options along with employment opportunities and entertainment venues. Constructed recently in 2024,the community boasts a variety of studio-, one- ,and two-bedroom units averaging at approximately863 square feet each.
This successful deal marks another milestone achievement for CBRE’s continued success within Indiana’s real estate market.
