Office Complexes

Cassidy Turley offers upbeat outlook on local real estate

January 16, 2014
Scott Olson
The city's largest real estate brokerage predicts that 2014 will mark the first year the economy feels like it's actually recovering, as all sectors of the commercial real estate market continue to improve.
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North-side office buildings sell for $25 million

January 9, 2014
Scott Olson
Cincinnati-based Neyer Properties has made its first foray into the Indianapolis market by purchasing two buildings near Keystone at the Crossing. A $2 million renovation is in the works.
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Century-old Mass Ave landmark changes hands

December 31, 2013
Scott Olson
The Marott Center was built in 1906 as one of the first multi-level department stores in Indiana and is listed on the National Register of Historic Places.
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Owners of Regions Tower putting building on the market

December 17, 2013
Scott Olson
Office brokers say the 662,000-square-foot-building, downtown's third largest, could fetch more than $60 million, or about $100 a square foot.
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Meridian corridor office complex sells for close to $43 million

December 9, 2013
Mason King
The buyer, Equus Capital Partners, has made a habit of purchasing large-scale, Class A office properties on the north side of the city.
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Lauth acquires new apartment property in Greenfield

December 3, 2013
Scott Olson
The local developer's purchase of the complex is part of a shift within the company to complement its traditional development business with acquired properties.
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Fishers weighs incentives for office building

December 2, 2013
Andrea Muirragui Davis
Construction firm Meyer Najem Corp. is planning a $5.5 million office building in downtown Fishers to house its growing operations and other high-potential businesses. A proposed deal calls for the town to contribute 1.7 acres of land and $1.4 million.
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Carmel complex's new owner plans major upgrade

November 27, 2013
Andrea Muirragui Davis
Zeller Realty Group has acquired the 300,000-square-foot Meridian Plaza right on Carmel's front door step, and is gearing up for a $4 million revamp.
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Local developer plans six-story office building in Castleton

November 5, 2013
Scott Olson
Edgeworth Laskey Properties LLC, which has developed three buildings within Allison Pointe Park, bought the 10.5-acre parcel along Interstate 465 from a suburban Chicago company.
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Judge sentences attorney Page to probation, fine

November 4, 2013
Cory Schouten
Attorney and real estate developer Paul J. Page will serve two years of probation and pay a $10,000 fine for concealing the source of a $362,000 down payment on his purchase of a state-leased office building in Elkhart.
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Meridian Mark buildings in Carmel expected to hit market

October 22, 2013
Scott Olson
The two eight-story, granite-clad buildings are highly visible along the North Meridian Street corridor, which has become attractive to investors as the market's vacancy rate continues to fall.
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Precedent office park hits blockRestricted Content

October 5, 2013
Scott Olson
The owners of the 19-building Precedent Office Park are putting the massive property up for sale, eight years after buying it for $143 million at the height of the real estate boom.
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Woodfield office buildings attracting strong interest

October 1, 2013
Scott Olson
The two Class A office buildings totaling 348,000 square feet are close to being sold after falling into foreclosure during the implosion of defunct local developer Premier Properties USA Inc.
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Cummins keeping HQ in Columbus, but considering Indy project

September 26, 2013
Associated Press
Cummins spokesman Jon Mills said the company wants to consolidate its two offices in downtown Indianapolis where about 100 employees work in areas such as communications, information technology and investor relations.
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Two troubled downtown office buildings turn tenants' heads

September 10, 2013
Scott Olson
The Landmark Center at 1099 N. Meridian St. and the historic Century Building at 36 S. Pennsylvania St. (pictured) are both in receivership but attracting interest from potential buyers and tenants.
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Allison Pointe buildings hit with foreclosure suit

August 6, 2013
Scott Olson
The owners of the buildings, about three dozen entities and individuals, owe $16.6 million, or the entire balance of the loan they received in 2006 to purchase the properties, according to court documents.
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Bank seeks abatement to construct office space along I-69

July 27, 2013
Andrea Muirragui Davis
Economic development leaders in Fishers are asking the Town Council to OK a six-year property tax abatement to help First Internet Bancorp construct as many as two office buildings.
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Northern office market on upswing, downtown ‘stagnant’

July 16, 2013
Scott Olson
Downtown's vacancy rate continues to hover around 20 percent, according to mid-year market reports, with more space becoming available than was leased. Meanwhile, the northern suburban market is showing the most improvement.
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Northside office complex might fetch more than $40M

July 9, 2013
Scott Olson
The three buildings near I-465 and North Meridian Street that make up Meridian Corporate Plaza were lost by Lauth Investment Properties LLC in its bankruptcy reorganization.
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Officials weigh moving Hamilton County offices

June 22, 2013
Andrea Muirragui Davis
Space is at a premium in the Hamilton County Government & Judicial Center, prompting officials to consider solutions running the gamut from an expansion of the existing building to a mass exodus from downtown Noblesville.
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Ice Miller, Bingham firms reduce downtown office space

June 20, 2013
Scott Olson
Ice Miller gave up two floors at the OneAmerica Tower and Bingham Greenebaum Doll one floor at Market Tower as they and other law firms search for ways to cut costs in a highly competitive market.
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City’s first spec office building in 5 years opening doors

June 5, 2013
Scott Olson
Sourwine Real Estate Services expects to have its $12 million, 80,700-square-foot project finished later this month in one of the city's hottest north-side development areas.
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Downtown Lilly building fetches $90 million

May 16, 2013
Scott Olson
American Realty Capital, a real estate investment firm based in New York City, bought the building on South Meridian Street occupied by Rolls Royce Corp. Lilly vacated the facility in 2010.
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Downtown's historic Century Building set for sheriff’s sale

April 26, 2013
Scott Olson
The 112-year-old office building will return to the market in a precarious position, as a major tenant plans to depart.
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Mayor drops plan to privatize City-County Building

April 17, 2013
Kathleen McLaughlin
City rejects proposals from four private-sector real estate teams and signs a 10-year lease extension with the existing building manager.
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