KennMar has acquired The Pyramids office park in Indianapolis with the assistance of INVST LLC, an SEC-registered investment advisor based in Indianapolis and with the help of its lender, Teachers Credit Union.
Located at 3500 Depauw Blvd., the office park is recognized as an iconic landmark in Indianapolis, and consists of three 11-story office buildings totaling 366,704 square feet.
In a recent survey conducted by CoreNet Global, 88% of companies surveyed stated they intend to keep their offices open in 2022. KennMar also recognizes that when employees do return to the office, their expectations will be different. Recent JLL research shows employers will need to accommodate their employees’ energy flows by creating a comfortable office environment as many companies adjust to a new hybrid rhythm.
The Pyramids Office Park is one of the most visible office parks in Indianapolis. Situated along Michigan Road and Interstate 465, it is located along a corridor that continues to see growth and new developments.
The acquisition of the Pyramids also fits in well within KennMar’s plans to develop the site formerly occupied by Caribbean Cove. The company currently has several projects under construction on that site including a free-standing Starbucks and a 10,000-square-foot retail center known as College Park Shoppes, which includes Panera Bread.
JLL’s Kevin Gillihan and Vice President Beth Sallee are leading leasing and marketing efforts for The Pyramids.