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.”

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

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.