Parkwood Crossing – Wall Street Journal

A venture led by Rubenstein Partners LP is zigging while other investors are zagging by making a $162.9 million bet on a suburban Indianapolis office park at a time when such properties have fallen out of favor.

The venture, which includes Strategic Capital Partners, is buying the eight-building complex in Carmel, Ind., from Duke Realty Corp., a real-estate investment trust in the final stages of a five-year effort to sell its