News

Published on Wednesday, September 23, 2015

AREC Closes $25.3MM loan in Indianapolis

AREC finances the new University of Indianapolis Health Pavilion

AREC Closes $25.3MM loan in Indianapolis
AREC has completed a $25.3MM loan for a project at the University of Indianapolis (UINDY).  The University has recently constructed an educational building to house their expanding health care oriented programs.  The four-story building will include office and special purpose space, including faculty and administrative offices, conference rooms, research laboratory spaces, a faculty lounge, rehab gym, science labs, a large lecture hall/ theater, various simulation, computer and clinical lab spaces, a café, some street-level retail spaces, and 7,000 sf subleased to a medical clinic operator (Community Health Network). 

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