INDIANAPOLIS—Managed Health Services has just signed an agreement
with Fairbridge Properties to occupy an additional 9,768 square feet of space at
Landmark Center, a class A office tower in downtown Indianapolis. The office
market in the CBD has struggled a bit in the past few years, but as reported in
GlobeSt.com, recently it has shownsigns of revival. And MHS’ expanded
footprint brings the 12-story Landmark, located at 1099 N. Meridian St., to 100%
occupancy.
As of August 1, MHS now occupies a total of 60,452 square feet, or 19.75% of
the building’s total, and have a presence on four floors of the building, a
representative of Fairbridge tells GlobeSt.com. MHS extended their 1st floor
temporary space of 2,621 square feet and expanded into the 9th floor. Both the
extension and the expansion are incorporated into the terms of the existing lease.
The expiration for all space is April 30, 2017.
“MHS’ lease expansion reflects the value of this asset, specifically its excellent
condition, amenities and strategic location,” says Dr. Dmitry Gordeev, the
founder and managing partner of the Princeton, NJ-based Fairbridge. “We look
forward to continuing to deliver the highest level of service and a world-class
corporate experience to MHS, along with our full roster of tenants at Landmark
Center.”
Located between the entrance/exit ramps of I-65 and I- 70 and at the intersection
of two major streets, the tower also includes a new fitness center and yoga
studio, a conference facility, indoor bike storage and a full-service cafeteria,
amenities offered by an increasing number of downtown landlords as they seek
to attract the millennial generation. Floor plates at Landmark Center measure
25,000 square feet and enable the open-space configurations also popular with
modern office users.
Founded in 1994, MHS offers Medicaid and Children’s Health Insurance Program
coverage for Indiana’s Hoosier Healthwise and Healthy Indiana Plan populations.
Other full-floor and multi-floor tenants at Landmark Center include Angie’s
List, Disciples of Christ, United States Citizenship and Immigration Service,
and Jacobs Engineering.