Press Release: Colorado Investment Firm Acquires Campus at Westfield in Suburban Indianapolis for $16.175M
Contact: Dave Mazzarella, Director of Commercial Acquisitions
FOR IMMEDIATE RELEASE
COLORADO INVESTMENT FIRM ACQUIRES CAMPUS AT WESTFIELD IN
SUBURBAN INDIANAPOLIS FOR $16.175M
Ease of Purchase Highlights Firms Availability of Smart Capital
LOUISVILLE, COLORADO – April 30, 2018 – Real Capital Solutions (RCS), a nationally-focused investor of work-out and value-add properties, is pleased to announce that they have purchased the Campus at Westfield at 2100 East 196th Street in Westfield, Indiana for $16.175 million. The Campus at Westfield is a 302,821 square foot, two-story office building with one anchor tenant, Carrington Mortgage Services. The building is 50 percent leased to Carrington Mortgage Services, which serves as their headquarters and central call center, and 50 percent vacant at the time of sale. The Campus at Westfield is the first development northeast of the full, four-way intersection of US-31 and East 191st Street in Westfield, which is in the path of development and effectively the gateway to the large planned Aurora development directly to the north of the property.
Real Capital Solutions is a highly entrepreneurial real estate company that invests smart capital with an emphasis on practical solutions. RCS and its Founder/CEO, Marcel Arsenault, are known for their forecasts for predictive timing in commercial real estate markets. “The Campus at Westfield provides an exciting opportunity for us with approximately 288,000 square feet of development space on the Property’s 55-acre site. We have targeted to invest over a million dollars into the property to bring it to a more competitive state and lease up the rest of the available space to future tenants. We are also looking forward to expanding our industrial and office portfolio within Indianapolis and the surrounding areas,” says Arsenault.
The newly improved US-31, located adjacent to the Campus at Westfield, offers decreased travel times and increased safety for the current tenants. Additionally, the new Aurora Development and Grand Park are major planned developments within the immediate area that will provide new and increased area amenities and enhanced corporate presence.
Real Capital Solutions continues to seek acquisitions throughout the United States and expects to purchase over $300 million in real estate assets in 2018.
About Real Capital Solutions
Real Capital Solutions is a highly entrepreneurial real estate company that invests smart capital and proves practical solutions for real estate opportunities. For over 30 years, RCS has achieved great success investing in entrepreneurial real estate ventures. During that time, the company has purchased and managed more than 365 real estate investments totaling approximately $3.5 billion. The company’s commercial portfolio alone is valued at more than $750 million and is comprised of nearly 11 million square feet of office, retail, and industrial properties. Real Capital Solutions’ investment performance is a result of a solutions-oriented approach to property acquisition, development, management and divestiture. RCS will continue to produce exceptional returns for its investors by working with operating partners that share the same entrepreneurial drive and operational precision in order to achieve extraordinary performance.
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