Chase attaches name to downtown’s tallest building

December 18, 2013
Back to TopCommentsE-mailPrintBookmark and Share

Chase TowerChase has joined the ranks of most other large banks that have affixed their names atop the downtown towers housing their Indiana operations.

At 48 stories, Chase Tower is downtown’s tallest building, making it hard to miss the bank’s moniker and logo that now adorn it.

So what took Chase so long to put signage on the tower? Apparently it didn’t have the rights under previous lease arrangements, according to local real estate sources.

Suburban-Boston-based CommonWealth REIT—which already owns downtown’s 630,000-square-foot PNC Center—paid $201 million last year for the tower. The seller was Beacon Capital Partners, also of Boston. Beacon bought the building in 2011 as part of a package of 14 properties it acquired for $1.7 billion from Charter Hall Office REIT of Australia.

The building opened in 1990. At 830 feet, it’s the 38th-tallest tower in the United States.

The tower was originally conceived in the late 1970s by the late Frank E. McKinney Jr., chairman of American Fletcher Corp., the holding company for American Fletcher National Bank and Trust Co., according to the building’s written history. At the time, American Fletcher was Indiana’s largest financial institution.

Before construction began, American Fletcher was bought in 1986 by Bank One Corp. McKinney became chairman of Bank One’s Indiana operations, and planning for the tower gained steam. Construction began in 1988.

An interesting tidbit about the building: It secured the prestigious 111 Monument Circle address, even though the building fronts Ohio Street, by integrating with American Fletcher’s existing headquarters on Monument Circle.
 

ADVERTISEMENT
  • Night Lighting
    Now if Chase will just keep their signage lit past 10pm!!
  • North
    Or put a sign on the North Side so it can easily be seen on the 65 North split. It is visible, I was able to see that something new was added from all the way at 465 on Southside by Meridian street.
  • north
    the north side sign should be lit soon
    • Disappointing
      It is disappointing to see our states most iconic high-rise resort to having their name attached to the building they partially occupy. Is Chase that insecure that they think people don't know they're there. Their name is already plastered on the AFNB building on the Circle and the Meridian and Pennsylvania Street "wings". For that matter, all the other banks beat them to it years ago… BankOne resisted this temptation, Chase couldn't.
      • To Cheap to leave the ligths on
        At 9:48pm the lights were already off. How cheap can they be?
      • insecure???
        Franco, c'mon. Insecure? That's silly. Having your name affixed at the top of the tallest tower in Indy is pure brash advertising. Esp if it is a bank, it portrays strength and prestige. I'm surprised it took so long, but Chase probably tried to re-negotiate signage in the lease, but couldn't get a reasonable deal until now. I like it. Have no idea why they would turn off the lights by 10:00 pm however. Seems silly to me.
      • Signs
        Really wish the people who put the sign would have it stay on longer than 10pm

      Post a comment to this blog

      COMMENTS POLICY
      We reserve the right to remove any post that we feel is obscene, profane, vulgar, racist, sexually explicit, abusive, or hateful.
       
      You are legally responsible for what you post and your anonymity is not guaranteed.
       
      Posts that insult, defame, threaten, harass or abuse other readers or people mentioned in IBJ editorial content are also subject to removal. Please respect the privacy of individuals and refrain from posting personal information.
       
      No solicitations, spamming or advertisements are allowed. Readers may post links to other informational websites that are relevant to the topic at hand, but please do not link to objectionable material.
       
      We may remove messages that are unrelated to the topic, encourage illegal activity, use all capital letters or are unreadable.
       

      Messages that are flagged by readers as objectionable will be reviewed and may or may not be removed. Please do not flag a post simply because you disagree with it.

      Sponsored by
      ADVERTISEMENT
      1. Now if he'd just stay there...

      2. Daniel - what about the many US citizens who do NOT follow what the Bible teaches? The Hindus, Jews, Muslims and others who are all American citizens entitled to all rights as Americans?? This issue has NOTHING to do with "What the Bible says..." Keep all Churches separate from State! Pence's ongoing idiocy continues to make Indiana look like a backwards, homophobic state in the eyes of our nation. Can't we move on to bigger issues - like educating our kids?

      3. 1. IBJ should link to the referenced report. We are in the age of electronic media...not sharing information is lazy. Here is a link http://www.in.gov/gov/files/Blue_Ribbon_Panel_Report_July_9_2014.pdf 2. The article should provide more clarity about the make-up of this panel. The commenters are making this item out to be partisan, it does not appear the panel is partisan. Here is a list of the panel which appears to be balanced with different SME to add different perspectives http://www.in.gov/activecalendar/EventList.aspx?view=EventDetails&eventidn=138116?formation_id=189603 3. It suggests a by-pass, I do not see where this report suggests another "loop". 4. Henry, based on your kneejerk reaction, we would be better off if you moved to another state unless your post was meant as sarcasm in which case I say Well Done. 5. The article and report actually indicates need to improve rail and port infrastructure in direct contradiction to Shayla commentary. Specifically, recommendation is to consider passenger rail projects... 6. People have a voice with their elected officials. These are suggestions and do not represent "crony capitalism", etc. The report needs to be analyzed and the legislature can decide on priorities and spending. Don't like it, then vote in a new legislature but quit artificially creating issues where there are none! People need to sift through the politics and provide constructive criticism to the process rather than making uninformed comments in a public forum based on misinformation. IBJ should work harder to correct the record in these forums when blatant errors or misrepresentations are made.

      4. Joe ... Marriage is defined in the Bible ... it is mentioned in the Bible often. Marriage is not mentioned once in the US or Indiana Constitution ...

      5. Daniel - Educate me please: what does the Bible have to do with laws? If the government wasn't in the business of marriage to begin with, then it wouldn't have to "define" marriage at all. Marriage could be left as a personal, religious, or otherwise unregulated action, with no ties to taxes, legal status, etc. Then people could marry whomever they want, and all this silliness would go away. Remember to vote Libertarian in November.

      ADVERTISEMENT