In the press

April | 2023

Echo Real Estate Capital acquires fourth medical office building in Indianapolis market

Echo Real Estate Capital, Inc. has acquired its fourth medical office asset in Greenwood, Indiana, a near-south suburb of Indianapolis.

This latest acquisition, a 57,000 square foot multi-tenant building at 555 County Line Road, is anchored by Community Health and Goodman Campbell Brain & Spine and represents Echo’s fourth acquisition in the sub-market.

Echo’s Indiana portfolio now totals nearly 160,000 square feet of clinical medical space.  Echo acquired the other three assets, which are currently 93% occupied, in 2018.

555 County Line is currently 64% occupied giving Echo an opportunity to further increase value by attracting more clinical and behavioral tenants to the building.  In addition, Echo plans to undertake several capital improvement initiatives including a lobby renovation, roof replacement, parking lot repairs, and landscaping upgrades.  Financing for the project was provided by Wintrust Bank.


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