INDIANAPOLIS—This spring, Geis Properties bought the 558,000-square-foot AT&T Building from AT&T for $16.5 million and have just advanced their plans to revive the new acquisition. The division of Streetsboro, Ohio-based Geis Cos. has just awarded Jones Lang LaSalle the exclusive leasing assignment for the prominent glass tower, renamed Monument City Center, at 220 N. Meridian St. in downtown Indianapolis.
John Robinson, managing director for JLL’s Indianapolis office, and Kevin Gillihan, a senior associate, will handle the leasing duties. The building has 150,000-square-feet of available space, and Geis hopes a planned renovation program will help JLL attract a new set of tenants.
“The Monument City Center is a prominent building in downtown Indianapolis and will continue to draw a wide range of businesses seeking a well-maintained, high-image building in a premium location,” Robinson says. “Updated tenant finishes and outdoor seating are just some of the enhancements that will be attractive to tenants looking for a class A downtown location.”
The 20-floor building was constructed in 1974. The space available in the building is located on floors eight through 14. AT&T will continue to occupy space in the building long-term, though it will give additional space back in phases over the next few years. The lower floors of the building have approximately 11,000-square-feet of retail space available, with 6,000-square-feet designed for a high-end restaurant and the remaining space available for other retailers. Brian Epstein of Urban Space brokerage will handle leasing for the retail space. Geis will manage the property.