High-end office park on north side sells for $162.9M
A partnership involving a local firm has acquired the eight-building complex from Duke Realty Corp., and is planning an amenity center for dining, fitness, conferences and workplace collaboration.
Office Complexes
Articles
Citimark planning $33M office campus near downtown Fishers
In a development deal with Fishers, Indianapolis-based Citimark plans to purchase the 23-acre site that includes the long-vacant former Charles Schwab regional client center and the building that houses Launch Fishers.
Unfinished River North commands top rents, boosts Keystone office market
Still under construction, PK Partners’ 102,000-square-foot office building near The Fashion Mall is already entirely pre-leased. Its performance further juices the area’s in-demand office sector.
Five Seasons owner seeks to rezone Carmel site for possible development
The company wants to rezone the 15.4-acre site from residential to commercial to prepare it for possible redevelopment as an office park.
Fishers gets clearance to open airport land for offices, manufacturing
Fishers officials have drafted a plan to market 211 acres at Indianapolis Metropolitan Airport for commercial development. The Indianapolis Airport Authority gave its blessing Friday morning.
New owner of downtown office towers plans $5M in upgrades
Mission Peak Capital sees a big upside in spiffing up the buildings near Cummins’ new office project and a planned 28-story apartment building.
Flaherty & Collins walks the walk with move from suburbs to downtown
Responsible for a portion of downtown’s apartment boom, the developer hopes relocating to Regions Tower will attract the younger workforce it’s helping bring to the urban core.
FOCUS: Investment ramps up in Carmel, Westfield as U.S. 31 construction ends
More than $235 million worth of development is anticipated or already under construction along the roadway through Carmel and Westfield—and that doesn’t include a handful of the projects with undisclosed costs.
Two tracks of negotiations helped seal huge Salesforce expansion
Tech talent and naming rights on the state’s tallest building were key factors that helped Indianapolis secure an 800-employee hiring commitment from Salesforce.com this month.
Salesforce as top tenant makes tower more marketable, expert says
With Salesforce.com establishing a 250,000-square-foot regional headquarters in the soon-to-be-christened Salesforce Tower Indianapolis, the building should become much more alluring when its owner shops it for sale.
Indy-area office space filling up, with more big tenants in wings
Research from one brokerage shows office vacancy in the metro area dipping to 15.6 percent last quarter, the lowest rate since 2008.
Old National moving local base to Monument Circle
The Evansville-based bank has secured space in the IPL Building and plans to relocate local executives and a downtown branch there this fall.
$4.6M project in Franklin could help transform city’s downtown
The city is partnering with a private developer to turn a former factory building into condominiums, retail and event center space—one of several projects that could help revitalize its downtown.
Indy airport board cancels $500M medical plan; to reopen bidding
The Indianapolis Airport Authority board said it would “leave our options open and continue to search for the optimal project.”
IPS board postpones vote on proposals for Mass Ave site
Originally set to vote Thursday, board members decided they needed more time to examine proposals for redeveloping the former Coca-Cola bottling plant site and to get feedback from neighbors.
‘Scrappy’ developer Ambrose winning big projects
The eight-year-old firm is set to break ground in the spring on a $45 million medical facility in Mishawaka for the U.S. Department of Veterans Affairs, is partnering with Old Town Development to build a $33 million headquarters for Allied Solutions LLC in Carmel, and soon will build a $20 million office building for Stanley Security in Fishers.
IBJ building sold to Drury Hotels chain
The 92-year-old building at Washington and Pennsylvania streets was not on the market when the hotel chain approached its owners late last year.
Three Duke office parks might fetch $500M-plus
Three of the Indianapolis area’s highest-profile office parks, including the two largest in the North Meridian submarket, are expected to fetch as much as half a billion dollars when they hit the market next month.
Two downtown towers soon up for sale
The Chase Tower, the state’s largest office building, might fetch more than $200 million—a price driven up by a nearly finalized deal that would boost sagging occupancy.
Noblesville’s Grace Church buys Nora building for expansion
The church, which already is building a second home in Fishers, has bought an office building on Westfield Boulevard and plans to launch services at the site.