(Dallas, Texas) March 11, 2014 – Encore Office, LLC a division of the Dallas-based Encore Enterprises, Inc., has closed on the Intech 12 office building, a 2-story, 140,368 square foot office building in Indianapolis, Indiana. Atlanta-based Wells Management Company sold the building to a joint venture between Encore Office and Middleton Partners, LLC of Northbrook, Illinois.
“We are extremely excited about the addition of Intech 12 to our office portfolio. With the quality of construction, layout of the building, and favorable highway access, Intech 12 will appeal to tenants seeking larger space and dense parking requirements” said Mark Cypert, President of Encore Office.
Situated in the southwest quadrant of West 71st Street and Interstate 465 in the Indianapolis metro area, the Intech 12 building includes roughly 15,000 square feet of warehouse space.
From 2003 to August 2013, Eli Lilly and Company’s information technology department occupied the building. Constructed in 2000, the entirety of the building is currently available for lease.
“We are tremendously pleased with Encore Office’s expansion into the Indianapolis market, as Encore continues to strategically grow its office portfolio” said Bharat Sangani M.D., Chairman of Encore Enterprises.
About Encore Enterprises, Inc.
Encore Enterprises, Inc. is a privately owned national real estate company founded in 1999 with corporate headquarters in Dallas, Texas. Encore develops, acquires, and manages hotels, multi-family communities, retail shopping centers, commercial offices, and public-private mixed use developments. For more information about Encore Enterprises, Inc., visit www.encore.bz, or call (214) 259-7000.
About Encore Office, LLC.
Encore Office, LLC is a privately held commercial real estate company focused on the acquisition, ownership, redevelopment and asset management of class “A” commercial office buildings across the United States. For more information about Encore Enterprises, Inc., visit www.encore.bz, or call (214) 259-7000.