Chase attaches name to downtown’s tallest building

December 18, 2013
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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.
 

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  • 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

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