Circle Centre finally lands major fourth-floor tenant

March 24, 2011
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Circle CentreCircle Centre mall is on the verge of landing a major new tenant for its struggling fourth floor. Brown Mackie College has filed plans with the state to take 30,396 square feet, presumably in a fourth-floor section of the mall formerly inhabited by a series of nightclubs. It is not clear when Brown Mackie plans to move in or whether the space will serve as classrooms or administrative offices. Officials with the for-profit college did not return phone messages, and its architect and real estate brokers declined to discuss the project.

Brown Mackie opened its first Indianapolis campus in 2007, taking 25,000 square feet in a 1921 building at Meridian and 12th streets that once housed the Lexington Automobile Co. The college is owned by Pittsburgh-based Education Management Corp. Brown Mackie also has campuses in Merrillville, Fort Wayne, South Bend and Michigan City.

The fourth floor has been a blemish on an otherwise successful mall, but manager Simon Property Group has made progress filling vacancies in recent years. The former 27,000-square-foot GameWorks arcade reopened under new management and a new name, Tilt, in April 2010, a month after the old owner shut down. And in October, a glow-in-the-dark mini-golf course opened next door to the arcade, taking 6,000 square feet.

A United Artists Theatre is the largest tenant on a floor that once housed the Brewskis, Flashbaxx and World Mardi Gras nightclubs, as well as a restaurant and a Ben & Jerry's ice cream parlor. The nightclub spaces have been empty since 2003, prompting Simon to consider a renovation that would transform 114,000 square feet on the fourth floor into modern office space with a wood-paneled entrance, high ceilings and skylights. Circle Centre occupancy jumps to 96.7 percent when excluding the fourth floor, according to Securities and Exchange Commission filings. Simon did not disclose the occupancy rate when including the space. The top floor was a late addition to the mall that opened in 1995.

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  • Read this
    Ever heard of this college????
  • Fourth Floor Tenant
    Will they get some kind of tax abatement?
  • .
    It's a for-profit college.
  • Better than nothing.
    These for-profit schools are known for taking large amounts of space (quite often the anchor building) in seen-better-days strip malls. I'm happy for Circle Centre to get what should be some decent foot traffic up there, but I have no doubt Simon had to push the PSF rental rates way down to attract Brown Mackie. A mixed blessing.

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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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