The building will have 30,000-sf floor plates, according to acompany press release. A spokesman could not be reached forcomment. The company expects to break ground this month, andcomplete the River Road Two facility by July. Nearly 80,000 sf willbe available as spec space.

Duke has already leased 40,000 sf of the building to health planprovider Advantage Health Solutions, which will occupy the firstand second floors of the planned four-story building. The propertyis in the Keystone submarket of Indianapolis. Jennifer Burk, SVP ofDuke's Office Group, said in the release that the company's otherKeystone/Northeast properties are leased at nearly 95%, "so webelieve this is the right time to offer more class A office spacein this growing market."

Vicki Perry, president and CEO of Advantage, says in the releasethat the new development will provide her company with the requiredspace and capacity for growth. The company is moving from itscurrent space at the Precedent building in northern Marion County.Chad Collier and Tom Frank with Summit Realty Group representedAdvantage in the lease, and Aasif Bade represented Duke. The leaserate for the Keystone area is at $20.16 per sf, according to asecond-quarter market report by Grubb & Ellis.