New York-based Industrious said it will occupy two floors in the structure under construction by local developer Gershman Partners. It’s the second co-working provider to secure a downtown locale in two months.
Hamilton Crossing, a high-profile Class A suburban office park with six buildings on 44 acres along U.S. 31 in Carmel, sold for an estimated $70 million.
A New York firm bought downtown’s Station Place office building at Georgia and Meridian streets for just under the asking price.
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.