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AT&T building's new owner targets first-floor retail

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More than 10,000 square feet of ground-level space will be available to a restaurant and other retailers following the sale of the AT&T building at 220 N. Meridian St. in downtown Indanapolis.

Geis Properties, a division of Streetsboro, Ohio-based Geis Cos., purchased the 558,000-square foot building for $16.5 million late last month from AT&T, said John Robinson, a broker with the Indianapolis office of Jones Lang LaSalle.

Jones Lang LaSalle is listing more than 150,000 square feet of office space on floors eight through 14 of the 20-story building. Additional office space should become available as AT&T gradually reduces its presence in the building, Robinson said.

“Physically, it’s in great shape,” he said of the 39-year-old building.

Renovations to the first floor will include improvements to the lobby and an outdoor seating area on the south side of the building, Robinson said.

Roughly 6,000 square feet of space is available for a high-end restaurant and another 5,000 square feet for other retailers.

Brian Epstein of the Urban Space brokerage is listing the retail space.

AT&T never publicly marketed the building and instead recruited the Chicago office of Jones Lang LaSalle to find a buyer, Robinson said.

Geis will manage the property.
 

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  • bus stop to be minimized
    Regarding concerns about bus riders hanging out in front of the potential spot for an outdoor restaurant patio -- hopefully once the new transit hub is completed downtown (south of the City-County Building)there will not be as many people hanging out at all of the stops located along the current downtown bus transfer loop. Most will ride to the transit hub and wait to exchange buses there.
  • Good luck
    I look at this building from my office everyday and I agree it is in good shape and they have recently done some work to make it more appealing. However, good luck trying to sell someone on putting a nice restaurant and retail space right next to the bus terminals right in front of the bldg. Who is going to want to sit outside right next to the crap that goes on at that bus stop?
  • Star or Cummins Opportunity?
    This means more vacant space in the central business district. Howver, it could provide an opportunity for the Star or Cummins as it is a large block of space that could be renovated to suit the tenant's needs. I would rather see the Star in a building in the heart of the city than occupying what should be true retail space if it were to move to Artistry as has been rumored. A move here by Cummins would avoid the construction of more office space downtown that is just not needed at this time.

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  1. Hiking blocks to an office after fighting traffic is not logical. Having office buildings around the loop, 465 and in cities in surrounding counties is logical. In other words, counties around Indianapolis need office buildings like Keystone, Meridian, Michigan Road/College Park and then no need to go downtown. Financial, legal, professional businesses don't need the downtown when Carmel, Fishers, North Indy are building their own central office buildings close to the professionals. The more Hamilton, Boone county attract professionals, the less downtown is relevant. Highrises have no meaning if they don't have adequate parking for professionals and clients. Great for show, but not exactly downtown Chicago, no lakefront, no river to speak of, and no view from highrises of lake Michigan and the magnificent mile. Indianapolis has no view.

  2. "The car count, THE SERIES, THE RACING, THE RATINGS, THE ATTENDANCE< AND THE MANAGEMENT, EVERY season is sub-par." ______________ You're welcome!

  3. that it actually looked a lot like Sato v Franchitti @Houston. And judging from Dario's marble mouthed presentation providing "color", I'd say that he still suffers from his Dallara inflicted head injury._______Considering that the Formula E cars weren't going that quickly at that exact moment, that was impressive air time. But I guess we shouldn't be surprised, as Dallara is the only car builder that needs an FAA certification for their cars. But flying Dallaras aren't new. Just ask Dan Wheldon.

  4. Does anyone know how and where I can get involved and included?

  5. While the data supporting the success of educating our preschoolers is significant, the method of reaching this age group should be multi-faceted. Getting business involved in support of early childhood education is needed. But the ways for businesses to be involved are not just giving money to programs and services. Corporations and businesses educating their own workforce in the importance of sending a child to kindergarten prepared to learn is an alternative way that needs to be addressed. Helping parents prepare their children for school and be involved is a proven method for success. However, many parents are not sure how to help their children. The public is often led to think that preschool education happens only in schools, daycare, or learning centers but parents and other family members along with pediatricians, librarians, museums, etc. are valuable resources in educating our youngsters. When parents are informed through work lunch hour workshops in educating a young child, website exposure to exceptional teaching ideas that illustrate how to encourage learning for fun, media input, and directed community focus on early childhood that is when a difference will be seen. As a society we all need to look outside the normal paths of educating and reaching preschoolers. It is when methods of involving the most important adult in a child's life - a parent, that real success in educating our future workers will occur. The website www.ifnotyouwho.org is free and illustrates activities that are research-based, easy to follow and fun! Businesses should be encouraging their workers to tackle this issue and this website makes it easy for parents to be involved. The focus of preschool education should be to inspire all the adults in a preschooler's life to be aware of what they can do to prepare a child for their future life. Fortunately we now know best practices to prepare a child for a successful start to school. Is the business community ready to be involved in educating preschoolers when it becomes more than a donation but a challenge to their own workers?

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