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ind-747county line (2) 747 E. County Line in Greenwood, IN, a south suburb of Indianapolis.

INDIANAPOLIS—Echo Development Group, Inc. has acquired a two-building medical office portfolio located at 747 E. County Line, and 965 Emerson Pkwy. in Greenwood, IN, a south suburb of Indianapolis. The Chicago-based firm bought the approximately 88,000 square foot portfolio for $21 million, a move that gives it a good base in a rising market.

“One of the big boxes we need to check is a connection to a major health system,” Jon Boyajian, principal of Echo, tells GlobeSt.com. Franciscan Health, a top-ranked hospital system, is nearby, and its Franciscan Alliance occupies space in Echo’s new portfolio. The buildings are now 94% occupied, and include tenants such as Indiana Spine Group, Premier Family Medicine, Greenwood Orthopaedics, ProScan Imaging and Lanter Eye Care.

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Brian J. Rogal

Brian J. Rogal is a Chicago-based freelance writer with years of experience as an investigative reporter and editor, most notably at The Chicago Reporter, where he concentrated on housing issues. He also has written extensively on alternative energy and the payments card industry for national trade publications.

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