Meridian Plaza buildings in Carmel fetch more than $30M
Zeller Realty Group has sold the two spacious buildings along the North Meridian Street office corridor after undertaking extensive renovations.
Zeller Realty Group has sold the two spacious buildings along the North Meridian Street office corridor after undertaking extensive renovations.
Square Deal is purchasing the 30-story building from Zeller Realty, which put it on the market in the summer after spending millions on renovations and improving occupancy.
The owner of Market Tower is shopping the downtown skyscraper after spending millions on upgrades to increase occupancy and make it more appealing to younger companies.
Tristan Glover, a senior vice president at Zeller Realty Group, oversees 1.4 million square feet of Indianapolis office space and has been involved in the marketing, leasing and acquisition of more than a dozen properties.
Four high-profile downtown office towers that recently attracted out-of-state buyers have become embroiled in disputes over their property tax assessments.
Hendricks Commercial Properties, which developed the Ironworks mixed-use project at Keystone at the Crossing, purchased the downtown office building from Zeller Realty.
The top of Market Tower is wearing blue in honor of the Colts, Regions Tower sported a pink wrap last month, and lights are back at the Scottish Rite Cathedral’s tower after a two-year hiatus.
Zeller Realty Group has acquired the 300,000-square-foot Meridian Plaza right on Carmel’s front door step, and is gearing up for a $4 million revamp.