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147,610 Sq. Ft. In Downtown Indianapolis Changes Hands
28 December 2006
Indianapolis, Indiana – [December 28, 2006] – HDG Mansur has sold the Century Building, located at 36 South Pennsylvania Street, to Blue Real Estate for $10.8 million. HDG Mansur bought the 147,610 sq. ft. 100+ year old building in 1982 and renovated it the following year. The Century Building was constructed in 1901 is on the National Register of Historic Places.
"The Century Building is a high quality, economically stable, well-positioned and historically significant office property in downtown Indianapolis," said Harold D. Garrison, Chairman/CEO of HDG Mansur. "This transaction is favorable for everyone involved – The City of Indianapolis, Blue Real Estate and HDG Mansur."
Andrew Bannister, John Merrill and Tim Hoffman of CB Richard Ellis represented HDG Mansur.
Major tenants of The Century Building include: Steak n Shake Company, Denison Parking, DLZ Indiana, Inc., Princeton Search Group, and Threlkeld & Reynolds law firm.
The Century Building represents HDG Mansur's first-ever acquisition on behalf of private clients. Other notable office properties currently under HDG Mansur management include 120 Monument Circle, Market Tower, Illinois Building, and Precedent Office Park.
HDG Mansur is an international real estate industry leader with 25 years experience in providing real estate fund and asset management services and property development services. Since 1982, HDG Mansur has advised, developed or managed international real estate projects and investments totaling over $5 billion. HDG Mansur has offices in London, New York and Indianapolis.
MEDIA CONTACT:
Tiffany Gerber
Phone: +1.317.655.7700
Email:tgerber@hdgmansur.com