Emmis Corporation announced that commercial real estate firm Cushman & Wakefield has been selected to market its corporate headquarters at 40 Monument Circle.
A sale would not immediately impact the building’s current tenants, Star Bank and Urban One.
The seven-story, 140,000-square-foot building is located directly on Monument Circle, the epicenter of Downtown Indianapolis. The property offers a contiguous block of 100,000 square feet of Class A office space ideal for prestigious office headquarter space for owner-users or corporate tenants. With its expansive, three-story atrium, 40 Monument Circle has the potential for tourism-retail and high-end dining as well. The property’s offering also includes a right of first refusal to acquire the adjacent parking garage as well as air rights over the garage for a potential building expansion.
Cushman & Wakefield’s Rebecca Wells will lead efforts with support from John Crisp and Spud Dick to identify a buyer for the Downtown Indianapolis landmark.
Given its prime location, 40 Monument Circle has a 97 Walk Score and access to more than 440 restaurants and bars, 32 cultural institutions, 14 monuments and memorials and more than 340 acres of park and green space.
