North-side office buildings sell for $17M
The two properties straddling the Castleton and Lake Clearwater areas recently received slick updates from their previous owner.
The two properties straddling the Castleton and Lake Clearwater areas recently received slick updates from their previous owner.
Vacancy rates in both sectors continued to shrink in the first quarter as office and industrial tenants consumed more leased space.
Adam Broderick, 38, assumed full leadership last month of commercial real estate firm JLL’s Indianapolis office, replacing John Robinson, who transitioned into leading the firm’s local leasing business.
Rebecca Wells jumps ship from JLL to help Lee & Associates grow its capital markets team in the Midwest.
Rebecca Wells arrives from JLL to boost the firm’s capital markets team in the Midwest.
Local officials say the land, part of Indianapolis Metropolitan Airport, could house up to 1 million square feet of new commercial development under a plan approved on Friday.
More than 6.8 million square feet of industrial space is expected to be constructed in the Indianapolis area in 2017, the most ever in a single year.
Corporex, which announced earlier this month that the fitness club would close on Sept. 30, is shopping the site as an opportunity for an office redevelopment.
Research from one brokerage shows office vacancy in the metro area dipping to 15.6 percent last quarter, the lowest rate since 2008.