JLL has successfully sold Wesley Place, a luxurious apartment complex with 244 units located just north of downtown Indianapolis, Indiana. The sellers, Arrow Street Development, Standard Real Estate Investments and Belay Investment Group were represented by JLL’s Director Amanda Friant, Senior Managing Director Ken Martin, Managing Director Mark Stern and Director Zach Kaufman.
According to Friant: “The sale of Wesley Place highlights the strong interest from investors in top-quality multifamily properties in the Midwest region. This property is particularly attractive due to its proximity to Eds & Meds institutions.” Located at 75 W 18th St., Wesley Place is situated near the $4.3 billion Indiana University Health Campus – currently the largest healthcare project under construction in the country.
Built in 2023,Wesley Place offers residents a modern lifestyle with upscale interior finishes and an array of amenities such as a resort-style pool, state-of-the-art fitness center,outdoor kitchen,and pet spa.Additionally,the community qualifies for tax abatement starting from2025,making it an appealing investment opportunity for buyers seeking long-term growth potential.
