June 30, 2020
Rubenstein Partners and Indianapolis-based Strategic Capital Partners (SCP) signed insurer and financial services company Northwestern Mutual to a new 10-year, 26,000 square foot lease at Parkwood Crossing in Carmel, IN, within the Indianapolis metro area. Rubenstein and SCP acquired the eight-building, 1.2-million-square-foot office park in 2016.
Northwestern Mutual is consolidating several downtown and suburban offices – including an existing, smaller presence in Four Parkwood, also within Parkwood Crossing – into its new space at Six Parkwood.
“It’s gratifying to see the continued leasing momentum at Parkwood Crossing,” notes Brian Simel, Rubenstein Partners. “As businesses go back to work and adopt required social distancing measures in this rapidly evolving ‘new normal’, suburban office properties are poised to be in high demand.”
JLL’s Traci Kapsalis, Adam Broderick and Brittany Shuler handled the lease transaction on behalf of ownership. Cushman & Wakefield’s John Crisp represented Northwestern Mutual.
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