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. If I were a developer I would be looking at the Fountain Square and Fletcher Place neighborhoods instead of Broad Ripple. I would avoid the dysfunctional BRVA with all of their headaches. It's like deciding between a Blackberry or an iPhone 5s smartphone. BR is greatly in need of updates. It has become stale and outdated. Whereas Fountain Square, Fletcher Place and Mass Ave have become the "new" Broad Ripples. Every time I see people on the strip in BR on the weekend I want to ask them, "How is it you are not familiar with Fountain Square or Mass Ave? You have choices and you choose BR?" Long vacant storefronts like the old Scholar's Inn Bake House and ZA, both on prominent corners, hurt the village's image. Many business on the strip could use updated facades. Cigarette butt covered sidewalks and graffiti covered walls don't help either. The whole strip just looks like it needs to be power washed. I know there is more to the BRV than the 700-1100 blocks of Broad Ripple Ave, but that is what people see when they think of BR. It will always be a nice place live, but is quickly becoming a not-so-nice place to visit.

  2. I sure hope so and would gladly join a law suit against them. They flat out rob people and their little punk scam artist telephone losers actually enjoy it. I would love to run into one of them some day!!

  3. Biggest scam ever!! Took 307 out of my bank ac count. Never received a single call! They prey on new small business and flat out rob them! Do not sign up with these thieves. I filed a complaint with the ftc. I suggest doing the same ic they robbed you too.

  4. Woohoo! We're #200!!! Absolutely disgusting. Bring on the congestion. Indianapolis NEEDS it.

  5. So Westfield invested about $30M in developing Grand Park and attendance to date is good enough that local hotel can't meet the demand. Carmel invested $180M in the Palladium - which generates zero hotel demand for its casino acts. Which Mayor made the better decision?

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