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Anthem Insurance Renews in Landmark Center

INDIANAPOLIS-The 93,769-sf deal follows five years of space increases for Anthem in the 12-story office building.

By Danielle Anderson | Updated on November 09, 2006

INDIANAPOLIS-Anthem Insurance Cos. Inc. has renewed its 93,769-sf lease in Landmark Center, a 12-story, class A building at 1099 N. Meridian St. The renewal is the culmination of approximately five years of incremental space increases by the company, which initially moved into a 50,000-sf space 10 years ago, John Vandenbark of CB Richard Ellis, tells GlobeSt.com.

Vandenbark, who represented landlord Litchfield Advisors in the renewal, says that Anthem’s most recent space expansion was an effort to bank some space for future growth in the building. He adds that the expansion space is being built out and Anthem is in the process of reorganizing its space in the building to accommodate more workers per sf.

Another recent deal in which an existing tenant took 5,000 sf of overflow space brought Landmark Center’s occupancy rate to 99%, Vandenbark says. Built in 1984, the 300,280-sf building was purchased by Litchfield Advisors in October 2003. Amenities at Landmark Center include free parking, easy access from Interstate 65 and floorplates that are larger than many other downtown buildings at 25,000 sf to 27,000 sf.

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