Construction firm planning new Noblesville facility

January 15, 2014
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Out of space at its Noblesville offices, Elkhart-based LeMaster Steel Erectors plans to invest nearly $1.2 million to accommodate its growing Hamilton County operation.

Parent company LSE Managers Group LLC already has an offer on its existing building at 15249 Stony Creek Way, and it’s seeking a property tax break on a 10,625-square-foot facility it wants to erect at 17540 Kraft Court.

The new structure, in the city’s Pleasant Street Commercial Park east of State Road 37, would include 3,000 square feet of office space (up from the current 1,200 square feet), outdoor storage and an indoor repair shop for construction equipment.

Noblesville Common Council on Tuesday gave preliminary approval to a two-year tax phase in for the property, which would save the company about $37,300. It would sill pay about $12,500 in taxes with the abatement. Members will vote again after a public hearing Jan. 28.

LeMaster President Jim Bigler said the company is ready to start building and hopes to move in July or August. Its staff of 48 has nearly doubled since the end of 2010, and he expects to continue growing.

“We are out of office space,” he said. “We need to move.”

To sweeten the deal, the company promised to add five positions by 2017, with average compensation of $35,000 including benefits. Existing positions pay about $45,000.

LSE Managers Group expects to spend about $220,000 for two acres of land, $830,000 to build the facility and $100,000 to equip it.

The company explored other central Indiana locations that were less expensive, but Bigler said officials would like to keep the operation in Noblesville. LeMaster opened its office there nearly 30 years ago.

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  1. The east side does have potential...and I have always thought Washington Scare should become an outlet mall. Anyone remember how popular Eastgate was? Well, Indy has no outlet malls, we have to go to Edinburgh for the deep discounts and I don't understand why. Jim is right. We need a few good eastsiders interested in actually making some noise and trying to change the commerce, culture and stereotypes of the East side. Irvington is very progressive and making great strides, why can't the far east side ride on their coat tails to make some changes?

  2. Boston.com has an article from 2010 where they talk about how Interactions moved to Massachusetts in the year prior. http://www.boston.com/business/technology/innoeco/2010/07/interactions_banks_63_million.html The article includes a link back to that Inside Indiana Business press release I linked to earlier, snarkily noting, "Guess this 2006 plan to create 200-plus new jobs in Indiana didn't exactly work out."

  3. I live on the east side and I have read all your comments. a local paper just did an article on Washington square mall with just as many comments and concerns. I am not sure if they are still around, but there was an east side coalition with good intentions to do good things on the east side. And there is a facebook post that called my eastside indy with many old members of the eastside who voice concerns about the east side of the city. We need to come together and not just complain and moan, but come up with actual concrete solutions, because what Dal said is very very true- the eastside could be a goldmine in the right hands. But if anyone is going damn, and change things, it is us eastside residents

  4. Please go back re-read your economics text book and the fine print on the February 2014 CBO report. A minimum wage increase has never resulted in a net job loss...

  5. The GOP at the Statehouse is more interested in PR to keep their majority, than using it to get anything good actually done. The State continues its downward spiral.

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