Eastgate mall acquisition closes

May 21, 2008
Lifeline Data Centers LLC said yesterday that its acquisition of Eastgate Consumer Mall has closed.

The Indianapolis company announced in December that it would spend $23 million to transform the 370,000-square-foot mall at East Washington Street and Shadeland Avenue into a high-tech hub for hosting a data-storage operation.

Common areas of the mall will not be renovated into data storage or office space.

However, when the renovation along with construction of new space on the 40-acre property are included, the total will come to 650,000 square feet.

The company's existing operations are at 733 W. Henry St., west of downtown.

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