Standard Real Estate Investments, LP and Arrow Street Development closed on the sale of Wesley Place, the only luxury residential building in downtown Indianapolis’ Medical District.
The 244-unit apartment building at 75 W. 18th St. was built in 2023 as part of Standard’s strategic investment program with Belay Investment Group, LLC.
Located on a 2.1-acre site, Wesley place offers well-appointed housing at an attainable price point within walking distance to Indiana University Health Campus, a $4.3 billion expansion and redevelopment which broke ground in 2022. The community is 91 percent leased and offers thoughtfully designed studio, one- and two-bedroom apartments and a robust amenities package that cater to the healthcare-centric resident base in the Medical District of Indianapolis.
A JLL Chicago team of Amanda Friant, Ken Martin, Mark Stern, Zach Kaufman and Sam Grohe represented the seller.
