CNO Corporate Campus
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Investment Highlights
- Unique opportunity to acquire a desirable 78-acre redevelopment site aimed for mixed-use, located between the US 31 corridor and Carmel Midtown.
- Strong community demographics with a continually growing and educated local population.
- CNO Corporate Campus includes six separate buildings totaling 611,000 square feet with limited coverage of about 21% of the acreage.
- Situated in a premier location in the Indianapolis MSA with excellent highway connectivity and significant area thoroughfare visibility.
Executive Summary
CNO Corporate Campus at College Drive and Pennsylvania Street is a rare opportunity to acquire a prime mixed-used redevelopment site in the heart of Carmel, Indiana. This offering represents one of the last large-scale, favorably located redevelopment sites available in the area. It provides an opportunity to transform central Carmel with a new mixed-use district. The campus includes six separate buildings, two industrial-flex buildings, and four low-rise office buildings. Situated on 78 acres, the current properties have limited coverage of about 21% of the acreage, providing a more efficient transition into a brand-new site.
Strategically positioned between the bustling US 31 corridor and thriving Carmel Midtown, the CNO Corporate Campus has superior connectivity and visibility for a wide range of uses. Investors will benefit from the surrounding Carmel submarket's continued surge in commercial development, with investments exceeding $3 billion since 2018, along with the site's distinctive scale for diverse development opportunities. Indianapolis has a diverse array of office-using tenants that have helped it perform better than many markets, especially coastal tech-oriented cities. Top industries operating in the area include agribusiness, logistics, manufacturing, information technology, and life sciences.
With an excellent location, expansive site, and limited coverage, CNO Corporate Campus is primed to offer an ideal redevelopment opportunity.
Strategically positioned between the bustling US 31 corridor and thriving Carmel Midtown, the CNO Corporate Campus has superior connectivity and visibility for a wide range of uses. Investors will benefit from the surrounding Carmel submarket's continued surge in commercial development, with investments exceeding $3 billion since 2018, along with the site's distinctive scale for diverse development opportunities. Indianapolis has a diverse array of office-using tenants that have helped it perform better than many markets, especially coastal tech-oriented cities. Top industries operating in the area include agribusiness, logistics, manufacturing, information technology, and life sciences.
With an excellent location, expansive site, and limited coverage, CNO Corporate Campus is primed to offer an ideal redevelopment opportunity.
Property Facts
Sale Conditions | Development Sale | Individually For Sale | 0 |
Sale Type | Investment | Total Building Size | 586,733 SF |
Status | Active | Total Land Area | 59.47 AC |
Number of Properties | 6 |
Sale Conditions | Development Sale |
Sale Type | Investment |
Status | Active |
Number of Properties | 6 |
Individually For Sale | 0 |
Total Building Size | 586,733 SF |
Total Land Area | 59.47 AC |
Properties
Property Name / Address | Property Type | Size | Year Built | Individual Price |
---|---|---|---|---|
CNO Financial
11825 N Pennsylvania St, Carmel, IN 46032 |
Office | 80,000 SF | 1990 | - |
Building K
535 N College Dr, Carmel, IN 46032 |
Office | 139,337 SF | 1999 | - |
1289 City Center Dr, Carmel, IN 46032 | Office | 101,265 SF | 1960 | - |
Building E
560 N College Dr, Carmel, IN 46032 |
Light Industrial | 87,540 SF | - | - |
Building D
540 N College Dr, Carmel, IN 46032 |
Light Industrial | 75,130 SF | - | - |
11799 N College Ave, Carmel, IN 46032 | Office | 103,461 SF | 1987 | - |
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