Butler University has hired real estate consultant CBRE to help find tenants for its under-construction mixed-use parking facility. The school broke ground last week on the $20 million project.
September 22, 2014
Indianapolis, Ind. — Butler University today announced it has retained local real estate consultants CBRE to find high-quality retail tenants to fill 15,000 square feet of space in its new 1,038-space campus parking facility, which will be completed in August 2015. The facility will be built on an existing parking lot between Clowes Memorial Hall and Lake Road on Sunset Avenue.
“We are excited to work with industry leaders at CBRE to find great tenants to occupy this new facility and provide our students and our neighbors with direct access to restaurants and businesses,” said Butler University President James M. Danko. “Butler has always prided itself on being a vibrant contributor to the Indianapolis community, and we will work closely with CBRE to make sure we continue to uphold that reputation.”
CBRE's retail leasing efforts will be led by Donna Hovey, Vice President of Retail. Hovey is an experienced retail broker whose practice includes Landlord and Tenant representation. Clients have included Marsh Supermarkets, Regions Bank, Starbucks, and Exxon Mobil.
CBRE's Public Institutions and Education group will be represented locally by Gordon Hendry, former Director of Economic Development for the City of Indianapolis. The group has assisted numerous states, cities, counties, and universities, including at present the states of New York, Maryland, and Florida; cities of Indianapolis; Bloomington, Indiana; Ann Arbor, Michigan, and Ft. Lauderdale, Florida; and George Washington University and The Ohio State University.
“This is an opportunity for CBRE and our team to work with a well-known, highly regarded academic institution that's a core part of a city neighborhood,” said CBRE Indianapolis office Managing Director John Merrill. “We'll draw on expertise both from our retail team and our education group to make sure Butler is getting the best deal and the best tenants.”