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Largest Indianapolis-Area Commercial Real Estate Developers
(Ranked by total square feet completed or under construction in 2013)
Rank
2013
rank
Developers
Address
Telephone / Fax / Website
Square Feet(1)
Total
Indpls. Area
Outside Indpls. Area(1)
PERCENT OF SQ. FT.Sample Projects
Developed in 2013
Specialties
Head(s) of Local
Operations,
Title(s)
Owner(s)
Estab.
Locally
HQ City
FTE Local
Employees
INDUSTRIAL
OFFICE
RETAIL
MULTIFAMILY
OTHER
1
1
Duke Realty Corp.
600 E. 96th St., Suite 100, 46240
(317) 808-6000 / fax (317) 808-6650 / dukerealty.com
11,300,000
3,000,000
8,300,000
86
0
0
0
14
AllPoints Midwest 3, AllPoints Midwest 5, AllPoints at Anson 7A, St. Vincent Women's Carmel office building
leasing, property management, construction, build-to-suit, tenant services
Keith Konkoli; Charlie Podell,
SVPs; Jeff Stone,
VP
Duke Realty Corp.
1972
Indianapolis
370
2
7
Scannell Properties LLC
800 E. 96th St., Suite 175, 46240
(317) 843-5958 / fax (317) 843-5957 / scannellproperties.com
6,966,505
303,049
6,663,456
99
0
1
0
0
FedEx Ground, Zionsville; GE Aviation, Auburn, Ala.; DuPont Pioneer, York, Neb.; Monsanto, Morton, Ill.
single tenant, build-to-suit
Robert Scannell,
principal
Robert Scannell
1990
Indianapolis
20
3
4
Watermark Residential
101 W. Ohio St., Suite 1515, 46204
(317) 454-8029 / DND / watermark-residential.com
4,573,215
665,309
3,907,906
0
0
0
100
0
Watermark on Cumberland, Villas By Watermark, Watermark at Southlands, Watermark at Harmony, Villas at Sienna
multifamily
Josh Purvis,
VP, development
Paul Thrift
2008
Indianapolis
DND
4
2
Simon Property Group
225 W. Washington St., 46204
(317) 636-1600 / fax (317) 685-7270 / simon.com
3,663,800
0
3,663,800
0
0
100
0
0
The Shops at Nanuet, Nanuet, N.Y.; St. Louis Premium Outlets, Chesterfield. Mo.
develop, lease and manage retail property
David E. Simon,
chairman, CEO
public company
1960
Indianapolis
1,100
5
5
Browning Investments Inc.
6100 W. 96th St., Suite 250, 46278
(317) 344-7300 / fax (317) 344-7400 / browninginvestments.com
3,637,125
3,169,125
468,000
84
7
0
0
9
AllPoints Midwest 3, AllPoints at Anson 7, Michael A. Evans Center for Health Sciences, Eskenazi Health Center(3)
acquisition, ownership, construction, leasing, management, disposition
John F. Hirschman,
president, CEO
Michael G. Browning
1978
Indianapolis
41
6
3
Flaherty & Collins Properties
8900 Keystone Crossing, Suite 1200, 46240
(317) 816-9300 / fax (317) 816-9301 / flahertycollins.com
2,925,960
1,510,161
1,415,799
0
0
8
92
0
Axis; The Depot, Fishers; Millikan on Mass; OneAmerica garage; The Landing, Mount Vernon
mixed-use, multifamily, rehabilitation
David M. Flaherty,
CEO; Jerry K. Collins,
president
David M. Flaherty; Jerry K. Collins
1993
Indianapolis
400
7
18
Ambrose Property Group
55 Monument Circle, Circle Tower, Suite 450, 46204
(317) 573-4600 / DND / ambrosepg.com
1,968,735
1,868,735
100,000
55
22
5
18
0
DND
office, mixed use, retail. industrial
Aasif M. Bade,
President; Patrick Chittenden,
Vice President
Aasif M. Bade; Patrick Chittenden
2008
Indianapolis
DND
8
12
Herman & Kittle Properties Inc.
500 E. 96th St., Suite 300, 46240
(317) 846-3111 / fax (317) 846-6650 / hermankittle.com
1,438,064
678,021
760,043
0
0
0
100
0
DND
conventional and affordable market rate development and construction
Steve Lavery,
VP property management; Jay Kellogg,
EVP construction
Jeff L. Kittle
1948
Indianapolis
70
9
14
REI Real Estate Services LLC
11711 N. Pennsylvania St., Suite 200, Carmel 46032
(317) 573-6050 / fax (317) 573-6055 / reirealestate.com
1,312,833
259,000
1,053,833
0
0
0
43
57
Hyatt Place Austin, Westin Austin, Hyatt Place Bloomington, River Park, Louisville
office, hospitality, multifamily
Michael W. Wells,
president
DND
1995
Carmel
DND
10
6
Lauth Group Inc.
111 Congressional Blvd., Carmel 46032
(317) 848-6500 / fax (317) 848-6511 / lauth.net
1,278,000
707,000
571,000
0
25
57
18
0
Gordman's, Hobby Lobby, Fresh Thyme Farmers Market, Gander Mountain, The Congressional
development and construction of office, industrial, retail, health care; leasing, multi-family
Michael J. Jones,
president
management-owned
1977
Indianapolis
36
11
15
Kite Realty Group Trust
30 S. Meridian St., Suite 1100, 46204
(317) 577-5600 / fax (317) 577-5605 / kiterealty.com
1,247,586
84,327
1,163,259
0
0
100
0
0
Rangeline Crossing, Carmel; Four Corner Square, Seattle; Holly Springs Towne Center, Raleigh, N.C.
retail, mixed-use
John A. Kite,
chairman, CEO; Thomas McGowan,
president, COO; Daniel Sink,
CFO, EVP
Kite Realty Group
1960
Indianapolis
84
12
9
Milhaus Development LLC
530 E. Ohio St., Suite A, 46204
(317) 226-9500 / DND / milhausdevelopment.com
973,901
973,901
0
0
7
3
90
0
Artistry Phase II, Circa, Solana Phase I and II, Mozzo, Penn Circle
multifamily and mixed-use development
Tadd Miller,
CEO
DND
2012
Indianapolis
DND
13
11
Verus Partners LLC
251 N. Illinois St., Suite 830, 46204
(317) 566-2104 / DND / verpar.com
920,000
770,000
150,000
100
0
0
0
0
GreenParke One
office, industrial
Thomas Theobald,
SVP, regional partner
Verus Partners LLC
2006
Chicago
DND
14
19
Keystone Realty Group
47 S. Pennsylvania St., 10th floor, 46204
(317) 636-2000 / fax (317) 635-1100 / keystone-corp.com
881,408
849,408
32,000
4
17
10
50
19
Battery Innovation Center, Broad Ripple Garage & Shoppes, The Illinois Building
commercial, multifamily, mixed-use, health care, public and educational
Ersal Ozdemir,
president, CEO
KG Waterplace
Ersal Ozdemir
2002
Indianapolis
DND
15
13
Holladay Properties
5715 Decatur Blvd., 46241
(317) 548-4232 / fax (317) 856-9012 / holladayproperties.com
872,715
872,715
0
95
0
0
5
0
IDI World Connect building 2; FedEx; Holiday Inn
build-to-suit, speculative construction, property mgt., tenant improvements
Chris Wilkes,
partner, SVP; Tim Helton,
construction manager
John Phair
1995
South Bend
DND
16
20
J.C. Hart Co. Inc.
805 City Center Drive, Suite 120, Carmel 46032
(317) 573-4800 / fax (317) 573-4808 / homeisjchart.com
839,881
582,870
257,011
0
0
0
100
0
Union Street Flats, Westfield; Hamilton Luxury Apartment Homes, Fishers; Linden Square Village; Legacy Towns & Flats
multifamily
John C. Hart,
president
John C. Hart
1976
Carmel
106
17
8
Buckingham Cos.
941 N. Meridian St., 46204
(317) 974-1234 / fax (317) 974-1238 / buckingham-co.com
748,800
318,784
430,016
0
0
4
70
26
The Cole, The Langston, University of Evansville student housing, Monon Place Phase II
multifamily, retail, hospitality, mixed-use
Cindy Koehler,
COO; John Cumming; Scott Travis,
SVPs
Bradley B. Chambers
1984
Indianapolis
DND
18
NR
Mainstreet
14390 Clay Terrace Blvd., Suite 205, Carmel 46032
(317) 420-0205 / fax (317) 420-0206 / mainstreetinvestment.com
730,910
326,859
404,051
0
0
0
0
100
Wellbrooke of Westfield, Wellbrooke of Avon, Clearvista Lake Health Campus, Arlington Place Health Campus
transitional care
Paul E. Turner,
chairman, CEO
Paul E. Turner
2002
Carmel
31
19
NR
Reverie Estates
111 E. 16th St., 46202
(317) 322-1322 / fax (317) 322-0322 / reverieestates.com
400,000
400,000
0
0
0
2
98
0
Butler Place
transformative urban development
Christopher Piazza,
president
DND
2006
Indianapolis
10
20
21
Core Redevelopment LLC
549 Senate Ave., 46204
(317) 636-7669 / fax (317) 636-7660 / coreredevelopment.com
280,000
280,000
0
0
0
0
100
0
Stadium Lofts / Stadium Flats
apartment development
Michael E. Cox,
developer
Core Redevelopment LLC
2010
Indianapolis
18
21
24
Thompson Thrift
901 Wabash Ave., Suite 300, Terre Haute 47807
(812) 235-5252 / fax (812) 235-8122 / thompsonthrift.com
197,000
15,000
182,000
0
5
95
0
0
DND
commercial retail development, commercial brokerage, property management, build-to-suit
John Thompson,
president, Thompson Thrift Construction; Paul Thrift,
president, Thompson Thrift Development
Paul Thrift
1986
Terre Haute, Indiana
140
22
NR
Revel & Underwood Inc.
7050 E. 116th St., Fishers 46038
(317) 578-9400 / fax (317) 578-9402 / revelunderwood.com
180,000
80,000
100,000
0
25
0
0
75
DND
retail, self-storage, single-family
Rory Underwood,
president
Rory Underwood
1973
Indianapolis
21
23
23
Hokanson Cos. Inc.
201 W. 103rd St., Suite 400, 46290
(317) 633-6300 / fax (317) 633-8070 / hokansoninc.com
145,000
9,000
136,000
0
0
6
0
94
Veterans Administration Outpatient Center, Jacksonville, Fla.
medical office building, corporate headquarters, office
Boyd R. Zoccola,
EVP
Stephen P. Hokanson
1938
Indianapolis
DND
24
NR
Edgeworth Laskey Properties LLC
8415 Allison Pointe Blvd., Suite 110, 46250
(317) 913-0100 / fax (317) 913-0101 / edgeworthlaskey.com
133,000
133,000
0
0
100
0
0
0
Two Concourse at Crosspoint
office
John Edgeworth; Tom Laskey,
principals
privately held
1993
Indianapolis
DND
25
NR
Halakar Construction
One Indiana Square, Suite 2500, 46204
(317) 964-0000 / fax (317) 964-1144 / newmarkkf.com
110,000
110,000
0
DND
DND
0
DND
0
DND
tenant and exterior building improvements, restoration, renovation
Todd Maurer,
CEO
Todd Maurer
2009
Indianapolis
DND