Commercial Real Estate and Real estate deals and Architecture/Design and Real Estate & Retail

Design firms buy building on East Market Street

December 31, 2011

Two local firms focused on architecture and urban design have jointly acquired the former Perfection Bakery Building at 618 E. Market St. in the Cole Noble Commercial Arts District just east of the Mile Square downtown.

The one-story, 1950s building will serve as a studio and headquarters for Axis Architecture + Interiors and Rundell Ernstberger Associates LLC.
 

OTB perfection building Renovations of the former Perfection Bakery will provide shared meeting spaces, libraries and a kitchen/break room. (IBJ Photo/ Perry Reichanadter)

The renovation, which calls for shared meeting spaces, libraries and a kitchen/break room, began this month. Exterior improvements including a garden, secured courtyard, paving and plantings also are planned.

Before the purchase, Axis had occupied about half the building as a tenant. The project will transform the remaining roughly 5,000 square feet of unfinished space. REA was founded in 1979, while Axis was formed in 1995.

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