Airport seeks broker to market ex-ATA HQ

Back to TopCommentsE-mailPrintBookmark and Share

The Indianapolis Airport Authority is stepping up efforts to reuse the former ATA Airlines headquarters at Washington Street and Girls School Road.

The authority plans to hire a commercial broker to find new tenants for the former airline campus, which includes more than 123,000 square feet of office and warehouse buildings on 16.5 acres.

A request for proposals, due May 10, seeks "creative methods related to leasing these properties to generate revenue for the (authority)."

The headquarters of what once what was the nation’s 10th-largest airline has defied attempts at reuse since ATA closed in 2008.

In 2009, Paul Kite Cos. attempted to land a research laboratory at the site. Instead, Kite found more interest in ATA’s former hangar and operations center, about a mile away. FedEx, Rolls-Royce and Aero Engine Controls lease space in those facilities along the airfield.

But the vacant ATA headquarters along Girls School Road is not in a traditional location for corporate offices, and the overall Indianapolis office market isn’t robust, said Mike Wells, president of REI Real Estate Services and former president of the Indianapolis Airport Authority board.

“It probably makes sense for the airport to hire a broker and focus on that property,” Wells said.  “We always thought if that building went dark it could take some time” to find a new tenant.

The authority’s website shows at least 10 other buildings for lease at Indianapolis International Airport, totaling 287,018 square feet. Many are close to the airfield and some have hangars. Others include a 27,165-square-foot building with 293 parking spaces that once served as an airlines reservations center.

The biggest unused space is the former Indianapolis International Airport terminal, vacated when the midfield terminal opened a few years ago.

With its proximity to Interstate 465, the parcel on the northeast corner of the airport likely will become home to air cargo- and logistics-related development.  Such a use is contemplated under a long-term land-use plan the authority unveiled in February.

The plan, prepared by aviation consultancy Landrum & Brown, pegs potential  revenue from redeveloping airport property at up to $63 million annually by 2040.
At Indianapolis International, the report outlined 50 development sites, or 59 million square feet, of leasable land.

Hiring a commercial broker to find a new tenant for the former ATA headquarters fits into that bigger land-use strategy, said Carlo Bertolini, spokesman for the authority.

Some of the most visible reuse efforts will likely be along the entrance road to the midfield terminal, where planners see potential for a gas station, retail and meeting facilities.

The authority intends where possible to lease rather than sell land and to look to the private-sector development community to assume financial risk on future development.

ATA ceased operations in 2008 after being bumped from a military charter contracting team headed by FedEx Corp. The airline, founded by George Mikelsons, had discontinued scheduled passenger service a few years earlier after being acquired by Atlanta-based Global Aero Logistics, with financial backing of New York investment firm MatlinPatterson.



Post a comment to this story

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

facebook - twitter on Facebook & Twitter

Follow on TwitterFollow IBJ on Facebook:
Follow on TwitterFollow IBJ's Tweets on these topics:
Subscribe to IBJ
  1. Of what value is selling alcoholic beverages to State Fair patrons when there are many families with children attending. Is this the message we want to give children attending and participating in the Fair, another venue with alooholic consumption onsite. Is this to promote beer and wine production in the state which are great for the breweries and wineries, but where does this end up 10-15 years from now, lots more drinkers for the alcoholic contents. If these drinks are so important, why not remove the alcohol content and the flavor and drink itself similar to soft drinks would be the novelty, not the alcoholic content and its affects on the drinker. There is no social or material benefit from drinking alcoholic beverages, mostly people want to get slightly or highly drunk.

  2. I did;nt know anyone in Indiana could count- WHY did they NOT SAY just HOW this would be enforced? Because it WON;T! NOW- with that said- BIG BROTHER is ALIVE in this Article-why take any comment if it won't appease YOU PEOPLE- that's NOT American- with EVERYTHING you indicated is NOT said-I can see WHY it say's o Comments- YOU are COMMIES- BIG BROTHER and most likely- voted for Obama!

  3. In Europe there are schools for hairdressing but you don't get a license afterwards but you are required to assist in turkey and Italy its 7 years in japan it's 10 years England 2 so these people who assist know how to do hair their not just anybody and if your an owner and you hire someone with no experience then ur an idiot I've known stylist from different countries with no license but they are professional clean and safe they have no license but they have experience a license doesn't mean anything look at all the bad hairdressers in the world that have fried peoples hair okay but they have a license doesn't make them a professional at their job I think they should get rid of it because stateboard robs stylist and owners and they fine you for the dumbest f***ing things oh ur license isn't displayed 100$ oh ur wearing open toe shoes fine, oh there's ONE HAIR IN UR BRUSH that's a fine it's like really? So I think they need to go or ease up on their regulations because their too strict

  4. Exciting times in Carmel.

  5. Twenty years ago when we moved to Indy I was a stay at home mom and knew not very many people.WIBC was my family and friends for the most part. It was informative, civil, and humerous with Dave the KING. Terri, Jeff, Stever, Big Joe, Matt, Pat and Crumie. I loved them all, and they seemed to love each other. I didn't mind Greg Garrison, but I was not a Rush fan. NOW I can't stand Chicks and all their giggly opinions. Tony Katz is to abrasive that early in the morning(or really any time). I will tune in on Saturday morning for the usual fun and priceless information from Pat and Crumie, mornings it will be 90.1