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Atco Selling 100-Percent-Leased Indianapolis CBD-Wholesale District Retail Asset Online
Ten-X teaming with Touchstone CRE Advisors to sell Six Over Meridian Retail, a commercial condominium property in Indianapolis’ entertainment district

INDIANAPOLIS – June 14, 2016 – Ten-X, the nation’s leading online real estate transaction marketplace, will offer the fully-leased Six Over Meridian Retail commercial condominium property for sale on its Ten-X Commercial platform in a live bid online event June 27-29. Real estate investment and ownership platform ATCO is selling the asset, which is being brought to market by Brian Knapp of Touchstone CRE and Pierre Bonan of Ten-X.

Located at 141 South Meridian St., Six Over Meridian Retail is within Downtown Indianapolis’ Wholesale District — a five-city-block cultural district within the CBD best known as the region’s nightlife and sports/entertainment hub. The two-unit property is within easy walking distance of Lucas Oil Stadium (home of the NFL’s Indianapolis Colts), Bankers Life Fieldhouse (home of the NBA’s Indiana Pacers), the 1.3 million-square-foot Indiana Convention Center and the 800,000-square-foot Circle Centre Mall shopping complex, among other prominent attractions. The property is also located along Georgia Street, the pedestrian-friendly, European-inspired promenade and unique outdoor event space that hosts year-round open-air concerts and festivals.

Six Over Meridian’s 13,110 square-feet of street level retail is 100-percent leased to two national restaurant/night club operators: Tilted Kilt and Howl at the Moon. The six-story building is deemed historically significant and comprises a total of 110,000 square feet, with two street level retail condominium units, additional commercial condominium space on the second and third levels, and residential condominiums on levels four through six.

“Six Over Meridian Retail is a high-quality, low-maintenance investment that combines a pair of reputable retail tenants in a thriving downtown region with proximity to numerous local attractions,” said Ten-X Commercial Real Estate Division General Manager Gordon Smith. “This is the type of stabilized commercial real estate asset that investors and brokers across the country can expect to find on the proven Ten-X platform.”

Downtown Indianapolis has positioned itself as the region’s go-to place for entertainment and sporting events, is the global headquarters for numerous Fortune 500 companies, is the seat of Indiana state government, and the home of the Indianapolis Colts, the Indiana Pacers and Fever, and the 30,000-plus student body of Indiana University-Purdue University Indianapolis.

A commission is offered for duly registered brokers representing a winning bidder to be paid upon a successful closing. For more information, please click here or call 844-694-4976.

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About Ten-X

Ten-X is the nation’s leading online real estate transaction marketplace and the parent to Ten-X Homes, Ten-X Commercial and Auction.com. To date, the company has sold 200,000+ residential and commercial properties totaling nearly $39 billion. Leveraging desktop and mobile technology, Ten-X allows people to safely and easily complete real estate transactions online. Ten-X is headquartered in Irvine and Silicon Valley, Calif., and has offices in key markets nationwide. Investors in the company include Google Capital and Stone Point Capital. For more information, visit Ten-X.com.

About ATCO

ATCO is a real estate investment and ownership platform deploying capital in select cities across the United States, with a particular emphasis on value-add opportunities.  ATCO is currently deploying capital through a joint venture program, with family offices and other private capital, focused on urban office and retail properties.  Target markets include the Central Business Districts of Austin, Nashville, Charlotte, and Raleigh-Durham-Chapel Hill, and the New York metro area.

For over eight decades, ATCO has owned, managed, and developed a diverse real estate portfolio, primarily in and around New York City, and provided a range of services to other real estate owners. The company is in its fourth generation of family ownership, and ATCO presently owns and manages more than 20 buildings ranging from high-rise office and residential towers to retail properties, from one-story industrial structures to high tech flex buildings. The portfolio of New York City properties includes: 555 Fifth Avenue, 40 Central Park South, 41 West 58th Street, 630 Third Avenue, 381 and 373 Park Avenue South, 515 Madison Avenue and the Atlas Terminals. Nationally, the company owns properties in Austin, Texas; Chapel Hill, North Carolina; Indianapolis, Indiana; Darien, Stamford and Westport, Connecticut; Baltimore, Maryland; and Orlando, Florida. Internationally, ATCO has investments in seven European countries. For more information, please visit http://www.atco555.com/

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