535 N College Dr - Building K

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 and 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 to enhance its efficacy for a wide range of uses. Investors will benefit from the surrounding Carmel submarket's continual surge in commercial development, with investments exceeding $3.0 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.