IBJNews

Duke/Browning team to develop building at new Wishard

Back to TopCommentsE-mailPrintBookmark and Share

A local real estate team has been chosen to develop an office building in the 200,000-square-foot range adjacent to the new Wishard Hospital, which is under construction near the campus of IUPUI.

A partnership of Duke Realty Corp. and Browning Investments was selected from among seven development teams that responded to a request for proposals from Wishard’s owner, Marion County Health & Hospital Corp.

Other teams/bidders included a partnership of Cornerstone Cos., REI Investments and Hunt Construction; Holladay Properties and Wilhelm Construction; Health Care REIT Inc.; and The Granger Group.

Duke Realty and Browning referred questions about the project to Health & Hospital Corp.

The size and price of the building haven’t been determined, said Michelle O’Keefe, director of public affairs for Wishard Health Services. She said the developer is helping determine how much space is needed in the building, which will commence construction in 2012 and open in 2013.

The developer will own the building, at least intitially, and lease the land from Health & Hospital, which will have an option to purchase the building.

The Duke/Browning team won’t have to look far for tenants. The Indiana University School of Medicine, the Purdue University pharmacy school and Regenstrief Institute are all potential occupants of the building, O’Keefe said.

The building will include less than 10,000 square feet of ground-floor retail space.

The $754 million new Wishard is rising just east of White River and north of West Michigan Street.

Another possible beneficiary of the Wishard project, though to a lesser extent, is a group of private investors in Michigan who own the 500 North Meridian Building, formerly the home of Safeco Insurance.

The Indiana Commission for Higher Education on Dec. 10 approved plans by IUPUI to lease 68,000 square feet at the building to house various administrative offices that will be displaced by construction of the new Wishard campus. The landlord would collect approximately $1.4 million annually over five years, according to commission documents, if the lease is executed.

IUPUI hasn’t decided if it needs the space, said Jeff Harris, a broker for Meridian Real Estate who handles leasing for 500 N. Meridian.

If the lease is signed, it will whittle the amount of space left in the building to about 200,000 square feet. Safeco vacated more than 300,000 square feet in the 436,000-square-foot building when it moved out in August 2009. IU Medical Group leases about 35,000 square feet and Harrison College moved into 34,000 square feet in September.
 

ADVERTISEMENT

Post a comment to this story

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

facebook - twitter on Facebook & Twitter

Follow on TwitterFollow IBJ on Facebook:
Follow on TwitterFollow IBJ's Tweets on these topics:
 
Subscribe to IBJ
  1. Uh, sorry Johnnie, but you are incorrect. Despite the assertions by yourself and various defenders and captains, sports attendance is NOT off significantly at most sporting events in the US. Variances in attendance has been in the range of single digits, both + & - for years now. MLB has had most of its best overall attendance nubers in the last decade, and that trend has been consistent for most major sporting events. The number one issue cited by most fans when asked about attendance is the overall cost of attending. The presence of HD and big screen televisions in home doesn't even register, as a factor for not attending an event. VALUE in the product is the key, and apparently is something lacking in the current ICS. What other explanation is there when with what is routinely touted as the "best" racing on the planet, fans are staying away in DROVES. A "close" title battle into the last event at Fontana, with the "cars and stars" of the ICS, and who showed up? MAYBE 8K. Sorry, but HD TV isn't to blame for that kind of fan apathy.

  2. Do you need finance to establish your business ? Are you interested in getting a loan at 3% from our private company? If so please Email: suntrust_oil@blumail.org

  3. If she was worth the $ the public outcry over direct tv dropping them would have kept them on their dishes as we have seen with other companies. I too quit watching channel 13 after she showed up since I left channel 8 because of her all show rather than production results. When Randy on 8 corrected her she had a big head and incorrectly challenged his correction for pronunciation of a city. Other antics while she matures was too much for me with her very inaccurate forecasts. All the forecasters were predicting rain until Thursday except Chris. They predicted sunny on Thursday but instead of rain until Thursday upon which the sun would finally make it out in full glory Chris was right on the money just as I too predicted looking at the radar on weather.gov. One thing I love about Angela is the fear you can see in her every time it thunders in the winter. It far exceeds the entertainment value of her body language (high heel noise drags, depression, etc) when her forecasts are so incorrect. Her hair stands on end, you have to see it!!!

  4. Good Day, Apply For A Loan I am Mr Fernadez Antonio, a private Loan lender and a cooperate financial for real estate and any kinds of business financing. I also offer Loans to individuals, Firms and cooperate bodies at 3% interest rate We offer any kind of loans. email us via fernadezloaninvest@outlook.com LOAN APPLICATION FORM First name:......................... Middle name:......................... Last name:........................................ Date of birth (yyyy-mm-dd):....................... Gender:........................................... Marital status:................................... Total Amount Needed............................... Loan Duration.................................... Address:.......................................... City:............................................. State/province:................................... Zip/postal code:.................................. Country:.......................................... Phone:............................................ Fax:.............................................. Mobile/cellular:.................................. Monthly Income.................................... Occupation:....................................... Best Regard, Mr Fernadez Antonio.

  5. i will love to share my testimony to you all the people in world i got married to my husband about 2 year ago we start having problems at home like we stop sleeping on the same bed,fighting about little things he always comes home late at night,drinking too much and sleeping with other women out side i have never love any man in my life except him. he is the father of my child and i don't want to loose him because we have worked so hard together to become what we are and have today .few month ago he now decided to live me and the kid,being a single mother can be hard sometimes and so i have nobody to turn to and i was heart broken.i called my mom and explain every thing to her,my mother told me about DR.okoro how he helped her solve the problem between her and my dad i was surprise about it because they have been without each other for three and a half years and it was like a miracle how they came back to each other. i was directed to DR. okoro on his email:okorospell@gmail.com and explain everything to him,so he promise me not to worry that he will cast a spell and make things come back to how we where so much in love again and that it was another female spirit that was controlling my husband he told me that my problem will be solved within two days if i believe i said OK So he cast a spell for me and after two days my love came back asking me to forgive him i Am so happy now. so that why i decided to share my experience with every body that have such problem contact Dr okoro the great spell caster on his email addresses spellcasterforlove@outlook.com

ADVERTISEMENT