News Release: Echo Real Estate Capital, Inc. Acquires Two Indiana Properties for Autism Therapy Redevelopments

FOR IMMEDIATE RELEASE

Chicago, IL (August 2024) – Echo Real Estate Capital, Inc. (“Echo”) announces it has separately acquired two vacant properties for redevelopment into single-tenant autism therapy clinics. The properties are 100% leased to UNIFI Autism Care – a leading provider of autism therapy services who seek to enhance the quality of life for individuals on the autism spectrum through a combination of professional development, community building, and advocacy.

State City Address Size (SF)
IN Indianapolis 6161 Hillside Avenue 11,396
IN Mishawaka 1920 McKinley Highway 20,160

The properties will both undergo major renovations to transform them into autism care facilities. Improvements to the buildings will include roof, parking lot, MEP systems, new internal demising configuration, and cosmetic changes throughout. The buildout period will take approximately six (6) months.

“We are very excited to be working with UNIFI to help them expand their clinical footprint,” said Echo principal Jon Boyajian. “UNIFI is rapidly growing in several states, and they were looking for a development partner that could move quickly and execute multiple transactions simultaneously. Our programmatic development process is a perfect fit for this type of de novo roll out.”

Financing for the projects was provided by Chicago based Lakeside Bank.

Echo Real Estate Capital, Inc. (www.echorecap.com) is an acquisition and development firm based in Chicago, Illinois. Echo’s primary focus is healthcare, industrial and retail assets as well as nationwide programmatic build-to-suit development.

Contact:
Jon Boyajian
Principal
Echo Real Estate Capital, LLC
200 W. Monroe
Suite 2050
Chicago, IL 60606
p. 312-533-2351
e. jboyajian@echorecap.com

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