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Tuesday, March 27, 2007
Ind. Courts - IBJ reports state courts considering a move to the old LS Ayres building
A story today by Cory Schouten of the Indianapolis Business Journal begins:
A big question is looming for property managers at National City Center and First Indiana Plaza: Will tenants stay or will they go?Each of the downtown office buildings already is struggling, with occupancy rates in the 60-percent range at the end of 2006. But a grim situation could worsen if some of their largest tenants with expiring leases find a better deal elsewhere.
Law firm Bose McKinney & Evans is considering a move from 80,000 square feet at First Indiana Plaza to about 100,000 square feet in Chase Tower. The Chase space was used by Guidant Corp. before its sale last year.
And the Indiana Supreme Court, Court of Appeals and Tax Court are considering a move from National City Center to 30 S. Meridian, where Eli Lilly and Co. plans to vacate a total of 99,000 square feet.
Posted by Marcia Oddi on March 27, 2007 02:05 PM
Posted to Indiana Courts