SANTA MONICA, CA (PRWEB) April 10, 2013
Hertz Investment Group confirmed today it has completed the acquisition of the Capital Center Office Tower Complex in Indianapolis. The seller was Invesco Real Estate.
Capital Center is a 647,818 square-foot Class A twin office tower complex, which covers half of a city block on Illinois Street, between Ohio Street and New York Street. The complex is located one block from the Capitol Building and the Indiana Government Center, and is two blocks from the city’s Monument Circle.
Said Gary Horwitz, President of Hertz Investment Group: “This exceptional complex has the kind of incredible street presence and client adjacencies demanded by corporate tenants. We are delighted to take on the Capital Center towers, with an extraordinary existing roster of national and regional leaders who need to be here, at the very epicenter of Indianapolis. The project has high quality amenities – on site and nearby – which are simply not matched in the City of Indianapolis.”
Major tenancies at Capital Center include Cummins, the Associated Press, BKD CPAs & Advisors, Fifth Third Bank, Burgess and Niple, HCC Medical Insurance Services, RCR Technology, and The Huntington National Bank. Several prestigious law firms are also in the towers, including Frost Brown Todd, Brinks Hofer Gilson & Lione, and Feiwell & Hannoy.
Said Judah Hertz, CEO of Hertz Investment Group: “We now own and manage four exceptional properties in Indianapolis. The City of Indianapolis has also had remarkable success in reinventing itself into an international sports capital, attracting nearly a billion dollars in added revenue when it hosted the 2012 Super Bowl. We have focused on this city because it has been and remains one of the nation’s most important industrial, commercial and transportation centers with any number of Fortune 500 companies headquartered in the greater urban area.”
The twin towers, comprised of 17 stories in the North Tower and 22 stories in the South Tower, are connected by a lobby atrium. Class A construction of the complex includes granite exterior cladding with glass curtain walls and five high speed elevators for each tower with service from the lower level garage to the tower lobbies.
On-site amenities include a three-level subterranean parking structure with 525 spaces and entry off both Ohio and New York Streets, as well as two bank branches, two restaurants, a sundry shop, a coffee shop, a fitness center and conference facilities.
Within easy walking distance is the Circle Centre Mall, a signature four-level mall with over 130 retail and entertainment oriented tenants, as well as a multitude of casual and white table cloth dining options, multiple hotels such as the Conrad and JW Marriott, and several parks such as University Park, White River State Park, and Veteran’s Memorial Plaza.
About The Hertz Investment Group
The Hertz Investment Group specializes in the acquisition, marketing and management of exceptional real estate properties with a special emphasis on downtown revitalization. The company, which is privately held, currently owns and manages more than 45 major urban properties, representing in excess of 12 million square feet of office space in the central business districts of 14 U.S. cities across ten states. Since its founding by Judah Hertz in 1977, the Hertz Investment Group has successfully acquired and managed a diverse collection of more than 100 premier properties throughout the United States, including prominent high-rise office buildings; international market centers for fashion and jewelry; historically significant landmark properties; luxury hotels; high profile theaters and society clubs; large retail centers; and multi-family residential properties. For more information, visit us at http://www.hertzgroup.com on the Web.