The 1 million-square-foot, six-building office campus adjacent to the Fashion Mall at Keystone sold this week in a deal estimated by local real estate experts to exceed $105 million and possibly much more.
Lancer + Beebe LLC has purchased property for a new headquarters on downtown’s eastern edge that also would include retail and residential space.
Crossroads Education, a startup founded in 2016 that develops learning environments for K-12 schools and colleges, needs the city to rezone the property in Haughville and get approval for the height of the building.
The seller was The Sanders Trust of Birmingham, Alabama. The trust—co-founded by Hall of Fame National Football League quarterback Bart Starr—acquired the building in 2009.
Beyond the 1,500-acre industrial park near Indianapolis International Airport, the developer has launched a broad range of residential and commercial projects in Marion and Hamilton counties, from the redevelopment of the Milano Inn site downtown to the Grand Park Events Center in Westfield.
Three years after moving into a brand new $22 million headquarters building in Zionsville, Lids Sports Group is moving its offices to the northwest side of Indianapolis.
Real estate agent and nearby resident Kelly Lavengood says she was inspired by other rehab projects in the area to buy and renovate the former Pure Oil gas station on 38th Street.
The building, 9105 E. 56th St., anchors the 20-acre Harrison Commerce Park at Fort Harrison. The property has changed hands three times in the past eight years.
The Indianapolis Symphony Orchestra is conducting a feasibility study on its office space needs that could lead it to leave the 17-story, 107-year-old building it owns behind Hilbert Circle Theatre.
The deal includes the Gold Building and the office building at 251 E. Ohio St., both of which have struggled with low occupancy in recent years.
The owner of Dean-Webster Legal LLC and her husband bought the 1.7-acre parcel last year and hope to attract other professionals who want a straight shot up Southeastern Avenue to the campus.
The buyer is TWG Development LLC, one of four bidders for the 4-1/2 parcel. It plans to construct 190 market-rate and affordable apartment units and office space.
StREITwise, a Los Angeles-based real estate investment trust, purchased the 142,000-square-foot Class A office and retail building from Ambrose Property Group.
The Chicago-based auto group that entered the Indianapolis market with a big splash in 2017 has requested a zoning change for the mammoth HHGregg property that would include car sales and repair.
The acquisition of Commerce Park’s amalgamation of office buildings marks the second significant purchase in the Indianapolis area for Ziff Properties.
Flexware Innovation will construct an additional 8,000-square-foot building at 1 Municipal Drive as part of its Nickel Plate District office building project.
The two properties straddling the Castleton and Lake Clearwater areas recently received slick updates from their previous owner.
The watering hole will take over the former Open Society Public House restaurant space next door, with plans to debut the addition and a seasonal menu just before year’s end.
The Chicago-based real estate firm intends to use the same strategy with Capital Center that it employed in refreshing Market Tower.
The town of Speedway said it will use the 40,000-square-foot building to centralize some of its existing offices, which are spread across several nearby buildings.
