Stonegate Mortgage Corp. will move its growing operation to Indianapolis in the next few months after a deal to expand in
Fishers fell through.
Six months ago, the company unveiled plans to add 300 jobs by 2015 as it moved its headquarters
into 29,000 square feet of office space on Crosspoint Boulevard, overlooking Interstate 69.
But Stonegate leaders were not able to negotiate an acceptable lease there. Instead, officials announced Thursday that the
company has signed a deal to rent office space in the Precedent office park in Marion County.
The job-creation plans remain unchanged, Indianapolis economic development officials said in a news release. In fact, Stonegate
already has begun hiring.
Develop Indy will support a local property tax abatement request to replace the 10-year, $760,000 abatement the town of Fishers
had offered. Indiana Economic Development Corp. already offered Stonegate as much as $3.7 million in performance-based tax
credits and $50,000 in training grants based on its job-creation plans.

















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