“It is very rewarding to successfully revitalize this historic and important property in our community. We are very happy that The A & P Building’s transformation has been so well received by the tenants and the community."
Indianapolis, IN (PRWEB) November 15, 2015
Alcatraz IEC, LLC, a real estate investment company headquartered in Fishers, IN purchased the 190,000 square-foot office/Industrial building in 2013. The 3-story multi-tenant industrial and office building has been remodeled only once, back in 1985 when it was converted from a Grocery depot to a Small Business Incubator.
Recent Renovations include a completely redesigned lobby along with new common area finishes featuring new LED Lighting, major restroom renovations, carpet, paint and new Artwork. Exterior renovations include a new Façade and painting, new Signage, Painting of all Dock and entry Doors, Parking lot resurfacing, landscaping and many other exterior enhancements.
“It is very rewarding to successfully revitalize this historic and important property in our community. We are very happy that The A & P Building’s transformation has been so well received by the tenants and the community,” said Scott Meyers, president and founder of Alcatraz IEC, LLC. “In a market with some of the most attractive commercial office and Industrial values in the country, we saw The A & P Building as an excellent opportunity to acquire a well-located, irreplaceable asset, and dramatically improve it through extensive renovation.”
The building is located along the very desirable Revitalization corridor of East Washington St., conveniently located less than a mile from Downtown Indianapolis, ½ mile from the I-70 and I-65 Washington St. exit and 15 miles from Indianapolis International Airport.
Major tenants include IU Health, HGTV’s studio for 2 chicks and a Hammer, Pinnacle Propane Express, Roberts Environmental, National Library Bindery, and artist Phil O-Malley. Currently, the building is 94% leased.
Scott Meyers, Principal of Alcatraz Management, LLC and Lisa Brookfield lead the renovation and leasing efforts on behalf of the parent entity’s partners.