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Next Realty Makes Second Indianapolis Buy in 10 Months

By Paul Bubny

An affiliate of Next Realty, LLC has acquired Westridge Office Park, an office/medical complex in Avon, IN. Terms of the transaction, made on behalf of Next Realty Fund IX, LP, were not disclosed.

This is the fund’s 12th and final acquisition. It’s Next Realty’s second acquisition in the Indianapolis MSA in the past 10 months.

Located at 6791 and 6845 E U.S. Highway 36 in Avon, Westridge Office Park is a 39,000-square-foot asset that caters to medical-related space users as well as traditional office tenants.

“As we execute our multi-solutions strategy, one of the asset types we believe will perform well is the single-story office property which offers tenants a competitive alternative to the traditional multi-story office space,” said Eteri Zaslavsky, managing director at Next Realty. “Assets like Westridge are increasingly sought after because they offer convenient direct access to all tenant spaces and abundant parking.”