Wednesday, October 8, 2014

Low Office Occupancy Rates in Downtown Indianapolis Lead to Foreclosures on Major Downtown Office Buildings

A reader alerted me to the publication of a sheriff's sale notice 10 W. Market Street, i.e. the 30 story Market Tower which is the sixth largest office building in downtown Indianapolis.  The Indianapolis Business Journal reported on the filing of the foreclosure action back in December of 2013.  Back then the IBJ reported the building was only 75% occupied.

But that is not the only downtown office building facing foreclosure.  The IBJ reported back in August that HSBC bank has filed to foreclose on the office buildings at 151 N. Delaware St., also known as the "Gold Building" and 251 E. Ohio Street. 

The 20 story Gold Building is the 10th largest office building downtown and is 73% occupied.   The office building at 251 E. Ohio Street is the 16th largest office building and is only 62% occupied.

A major tenant in the Gold Building is the Marion County Public Defender while the Marion County Prosecutor has offices at 215 E. Ohio Street.

1 comment:

Unknown said...

Every one of the department stores have got eating places and also stores, banks to get a beautiful food of the best People from france dishes to be able to boost your efforts in order to continue the purchasing trip! Make sure you use a goblet with the very best People from france replica hermes outlet. Handle yourself to the luxury regarding dinner in a regarding Paris’ sophisticated department stores in which epitomize the particular Parisian purchasing hublot replica uk knowledge. In case you are inside the disposition regarding discounts, seem simply no further than the particular lower price superstores regarding Paris, france ,. Popular in america by the end with the 20th millennium, these kinds of large lower price retailers have been initial produced inside Paris, france , inside the 1930s to offer customers together with unbelievable selection of replica breitling watches things with lower price rates. Monoprix and also Tati are only a couple of of the most extremely well-known and also is found through the entire metropolis. Everyday replica hermes handbags around the Cityrama Purchasing Communicate acquire devoted customers coming from the biggest market of Paris, france , to be able to L . a . Vallee Small town. Busses furthermore work from your Disney Playground merely several moments from your Small town. Wander the particular open-air shopping center together with visitors coming from around the world in addition to People from france customers trying to find the right good deal. Retailers add very best inside the breitling replica sale plane.