The 100,000-square-foot building on Keystone Avenue once served as the headquarters for the landscape firm Mainscape Inc.
The local real estate firm bought the Parkwood West building and 14 acres of adjoining land from Duke Realty, which is exiting the office market.
Creekside Corporate Park, which is filled with trees and a mile of winding trails, could accommodate more than 400,000 square feet of office space.
A group of real estate investors have made a $10 million bet that they can sell leases in with terms as short as one year to adolescent tech companies.
Marsh said it will continue to lease the 25-year-old building from the buyer until Nov. 21, 2026, at an initial annual rent of more than $2.8 million.
Ivy Tech's state board has approved a resolution to sell what is known as the Anderson North Campus near Alexandria.
The company's lease in the Gauranty Building, 20 S. Meridian St., will expire in the first quarter of next year, while a lease for the Century Building, 36 S. Pennsylvania St., runs until 2021. "Salesforce has no plans to vacate the Century office at this time," a spokesperson said.
Firms signed lease deals for nearly 1 million square feet of office space between mid-2015 and mid-2016 in Indy’s metro area, led by a mammoth deal for Salesforce.com, according to a national study.
The latest local example of the sizzling market is the three-story Community Health Pavilion, which sold last week for $286 a square foot—far more than the per-square-foot price in two recent office complex transactions.
The four-building acquisition by Hertz Investment Group includes the tallest office tower in Indiana and the fourth-largest office complex in downtown Indianapolis.
A partnership involving a local firm has acquired the eight-building complex from Duke Realty Corp., and is planning an amenity center for dining, fitness, conferences and workplace collaboration.
In a development deal with Fishers, Indianapolis-based Citimark plans to purchase the 23-acre site that includes the long-vacant former Charles Schwab regional client center and the building that houses Launch Fishers.
Still under construction, PK Partners’ 102,000-square-foot office building near The Fashion Mall is already entirely pre-leased. Its performance further juices the area’s in-demand office sector.
The company wants to rezone the 15.4-acre site from residential to commercial to prepare it for possible redevelopment as an office park.