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 shown signs 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.
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Brian J. Rogal
Brian J. Rogal is a Chicago-based freelance writer with years of experience as an investigative reporter and editor, most notably at The Chicago Reporter, where he concentrated on housing issues. He also has written extensively on alternative energy and the payments card industry for national trade publications.
