Gershman, Citimark buy Gold Building, two adjacent properties
The deal includes the Gold Building and the office building at 251 E. Ohio St., both of which have struggled with low occupancy in recent years.
Office Complexes
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Attorney renovates bank near criminal justice center campus, seeks office tenants
The owner of Dean-Webster Legal LLC and her husband bought the 1.7-acre parcel last year and hope to attract other professionals who want a straight shot up Southeastern Avenue to the campus.
IPS sells maintenance buildings for $2.75M
The buyer is TWG Development LLC, one of four bidders for the 4-1/2 parcel. It plans to construct 190 market-rate and affordable apartment units and office space.
California real estate trust acquires Carmel office building for $32M
StREITwise, a Los Angeles-based real estate investment trust, purchased the 142,000-square-foot Class A office and retail building from Ambrose Property Group.
Napleton eyes former HHGregg HQ on 96th Street for Kia dealership, more retail
The Chicago-based auto group that entered the Indianapolis market with a big splash in 2017 has requested a zoning change for the mammoth HHGregg property that would include car sales and repair.
South Carolina firm buys northwest-side office park for $6.5M
The acquisition of Commerce Park’s amalgamation of office buildings marks the second significant purchase in the Indianapolis area for Ziff Properties.
Flexware expands office project in Fishers’ Nickel Plate District
Flexware Innovation will construct an additional 8,000-square-foot building at 1 Municipal Drive as part of its Nickel Plate District office building project.
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.
Upland Brewing plans expansion of College Avenue tasting room with eatery
The watering hole will take over the former Open Society Public House restaurant space next door, with plans to debut the addition and a seasonal menu just before year’s end.
Zeller buys downtown office complex for $63M, plans amenity upgrades
The Chicago-based real estate firm intends to use the same strategy with Capital Center that it employed in refreshing Market Tower.
Town of Speedway buys PNC building to renovate for new government center
The town of Speedway said it will use the 40,000-square-foot building to centralize some of its existing offices, which are spread across several nearby buildings.
IBJ Podcast: Developing a downtown neighborhood from scratch
Ambrose President Aasif Bade is mum about Amazon but explain the new name for the project, when site preparation could begin and why the riverfront is so important to the project.
Precedent Office Park getting new name, $6M-plus in amenity upgrades
The new owners of Precedent Office Park—a landmark business park on the north side of Indianapolis—are planning several amenity upgrades that take advantage of the property’s 38-acre lake.
Bank, restaurant vacating downtown tower as work gears up for new hotel
The street-level retail tenants in One North Penn are preparing to either relocate or close for good as the office building’s transformation gets under way.
Local firm sells Meridian Street office complex for $37M after shoring up space
Ambrose Property Group acquired the tired and mostly vacant downtown complex out of receivership in 2014 and embarked on a $20 million renovation.
Salesforce proposing massive expansion in Chicago, 5,000 jobs
Software giant Salesforce.com Inc., which in 2016 announced big plans to expand its operations in Indianapolis, appears to have even bigger plans for Chicago.
Joint venture acquires downtown office building, plans renovation
St. Louis-based Integris Ventures and New York-based Starlight Equity Partners paid about $3.1 million to purchase the seven-story building. It plans several more acquisitions in Indianapolis.
Historic building on East Washington Street primed for tech makeover
The vacant three-story structure dating back to the 1880s has a new owner, which plans to convert it to co-working space for technology companies.
Real estate heavyweight CBRE moving from downtown to Keystone at Crossing
The city’s largest commercial brokerage has called downtown home for more than 35 years. It’s heading north to accommodate employees and consolidate offices.
Real estate firm planning $8.5M office project in Fishers tech park
The building will serve as a gateway to the Fishers Certified Tech Park, which is home to Launch Fishers and the Indiana IoT Lab.