8.08.2016

PRESS RELEASE: Tikijian Associates Brokers Sale of 144-Unit Barrington Estates in Indianapolis, IN


Tikijian Associates Brokers Sale of 144-Unit Barrington Estates in Indianapolis, IN

Location: Indianapolis, Indiana

Seller: Maxus Properties
Buyer: Buckingham Companies

Closing Date: July 20, 2016

Tikijian Associates is pleased to announce the sale of Barrington Estates Apartments on the popular and affluent far north side of Indianapolis. Built in 1966, the 144-unit community is in an excellent location and features stately Georgian architecture and all red brick exteriors. 

Tikijian Associates represented the seller, Barrington Estates, LP and the property management company, Kansas City based Maxus Properties, Inc. Founded in 1987, Maxus manages over 12,500 apartment units as well as almost 500,000 square feet of commercial space in fourteen states.

The buyer is Indianapolis-based Buckingham Companies. Buckingham is a full service real estate firm specializing in the development, construction and management of mixed-use, multifamily, commercial and hospitality properties. Buckingham owns and/or manages 48 properties in seven states, and has developed some of the highest profile apartment and mixed-use properties in the Midwest.

Buckingham plans significant investment in unit upgrades and community amenities and will manage the property through its operations division.

For additional information:
Tikijian Associates
3755 E. 82nd St., Suite 265
Indianapolis, IN  46240

Phone: 317-578-0088
Fax: 317-570-3677

Contact: George Tikijian (gtikijian@TAmultihousing.com), or Hannah Ott (ott@tamultihousing.com)

Web Site: www.TAmultihousing.com

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