Estridge Development Company needed to dispose of 93 acres of land located in Lawrence, Indianapolis, Indiana.
“Ross, you are the perfect professional.”
- Paul Estridge Jr, President, Estridge Development Company
Estridge Development Company hired RESOURCE Commercial Senior Vice President Ross Reller, while at his former firm to represent the owner of the property over the years. Ross negotiated with a variety of buyers interested in redeveloping the site that was once slated for a pari-mutuel horse track.
Reller and Estridge Development Company sold the property to Monarch Beverage for $6,000,000, one of the largest property sales in Indiana in 2008. Monarch Beverage, the state’s largest wine and beer wholesaler, immediately began construction on a new $45 million, 500,000 SF headquarters and warehouse.
Note: We have several professionals with substantial client transactional experience prior to joining RESOURCE Commercial, which is included above.