"National City Center is a property with great tenants in a great city and is a particularly exciting acquisition for Harbor Group," says HGI chairman and CEO Jordan E. Slone.

National City Center, which is two twin towers connected by a 16-story glass atrium lobby, takes up an entire city block in Downtown Indianapolis. The Hyatt Regency Hotel that adjoins the property was not included in the purchase. Five major tenants occupy 85% of the building, including National City Bank's Indiana headquarters, headquarters of Simon Property Group, the country's largest shopping mall owner, the Supreme Court of Indiana, the Indiana Court of Appeals, and MCI WorldCom. The building was constructed in 1977.

The purchase continues HGI aggressive acquisition strategy of the past few years, during which the company bought trophy properties including the Crestar Bank Building and First Virginia Tower in Norfolk, VA, the Bank One Tower in Lexington, KY, the SunTrust Bank Building in Nashville, TN, and the former Koger Center office parks in Nashville, Columbia, SC, Norfolk and El Paso, TX. HGI owns more than $650 million worth of properties in 15 states and three countries.