HFF Announces $104M Financing for 360 Market Square in Indianapolis

Aug 13, 2018 04:17 pm

Holliday Fenoglio Fowler, L.P. (HFF) announces $104 million in financing for 360 Market Square, a newly built, 27-story, mixed-use residential and retail property on the former Market Square Arena site in Indianapolis, Indiana.

The HFF team worked on behalf of the borrower, Flaherty & Collins Properties, to place the floating-rate loan with Heitman LLC, a global real estate investment management firm, which originated the loan on behalf of an affiliate of the firm. Loan proceeds will be used to retire existing construction financing.

360 Market Square comprises 292 apartment units with upscale condominium-quality finishes and approximately 42,000 square feet of ground-floor retail anchored by Whole Foods Market. In addition, the property includes a 550-space parking garage with 350 spaces reserved for resident parking. Completed earlier this year, the property incorporates eco-friendly features throughout and 10,000 square feet of amenity space, including a state-of-the-art fitness center, private yoga/spin studio, cyber café, screening lounge, business center and gaming lounge. Outdoor amenities include a landscaped courtyard, resort-style swimming pool and a 28th-floor sky deck offering panoramic skyline views. 360 Market Square is situated three blocks from Monument Circle in Indianapolis’ CBD, within a half mile of seven million square feet of Class A office space and the Massachusetts Avenue cultural district, which is home to some of the city’s top dining and nightlife destinations.

The HFF debt placement team representing the borrower included senior managing director David Keller and director Adam Mallory.

About Flaherty & Collins Properties

Headquartered in Indianapolis, Indiana, Flaherty & Collins Properties is a leader in development, construction and property management. Since 1993, Flaherty & Collins Properties has completed more than $2 billion in development and has an ongoing pipeline of a half billion in development. Additionally, the company manages 120 properties and more than 17,600 multifamily units in 12 states across the nation.

About Heitman LLC

Founded in 1966, Heitman LLC is a global real estate investment management firm with approximately $42 billion in assets under management. Heitman’s real estate investment strategies include direct investments in the equity or debt capitalization of a property or in the securities of listed and publicly traded real estate companies. Heitman serves a global client base with clients from North American, European, Middle Eastern and Asia-Pacific institutions, pension plans, foundations and corporations and individual investors. Headquartered in Chicago, with offices in Los Angeles, London, Luxembourg, Frankfurt, Munich, Warsaw, Hong Kong, Seoul, Tokyo and Melbourne, Heitman’s more than 325 employees offer specialized expertise – from a specific discipline to local insight.

About HFF

HFF and its affiliates operate out of 26 offices and are a leading provider of commercial real estate and capital markets services to the global commercial real estate industry. HFF, together with its affiliates, offers clients a fully integrated capital markets platform, including debt placement, investment advisory, equity placement, funds marketing, M&A and corporate advisory, loan sales and loan servicing. HFF, HFF Real Estate Limited, HFF Securities L.P. and HFF Securities Limited are owned by HFF, Inc. (NYSE: HF). For more information, please visit hfflp.com or follow HFF on Twitter @HFF.

DAVID KELLER, (317) 630-3191
HFF Senior Managing Director
ADAM MALLORY, (317) 630-3191
HFF Director
OLIVIA HENNESSEY, (713) 852-3500
HFF Public Relations Specialist