Three notable tenants lease space at Indianapolis office complex
Upgrades to Lake Pointe III + IV, a joint venture between M&J Wilkow and a fund managed by DRA Advisors, attract new tenants
INDIANAPOLIS, January 26, 2023 — M&J Wilkow and DRA Advisors are pleased to announce that three prominent office users have signed leases totaling 42,309 square feet at Lake Pointe III + IV, located at 8470 Allison Pointe Boulevard and 8520 Allison Pointe Boulevard, respectively. JLL Senior Vice Presidents Kevin Gillihan and Abby Zito led the leasing efforts on behalf of the ownership group.
For a multitude of reasons, the multi-story, Class A properties are an alluring draw to office users of all types. Each property in the amenity-rich Keystone submarket offers beautiful two-story lobbies constructed of limestone and granite. It warmly welcomes tenants and guests as music plays throughout the common areas. Highlights of the property include recently renovated lobbies with updated furniture that brings a modern but comfortable feel to the building. In addition, the building touts updated tenant elevators, a revamped lounge, tech-heavy conference rooms, an outdoor patio and a state-of-the-art fitness center—complete with shower and locker facilities.
"Lake Pointe III and IV’s ownership is pleased to report not one, but three high-credit tenants have committed to the properties in the last three months," said DRA Advisors Asset Manager Patrick Leary. "As we continue to see strength in the marketplace for high-quality, well-managed buildings, we think Lake Pointe is well positioned for decerning tenants looking for an amazing experience.”
Situated along the heavy retail corridor of 82nd Street, between Keystone at the Crossing and Castleton Square shopping destinations, Lake Pointe Center III and IV tenants have easy access to sought-after restaurants and shopping, such as McAlister’s Deli, Starbucks, Nordstrom and Apple. With direct visibility to Interstate 465, exterior signage opportunities at this complex are worth their weight in gold.
Each property provides tenants with a new modern lounge with exposed ceilings and polished concrete floors. The walls are adorned with modern artwork and a brick accent wall greets those who enter. For the tenants who like to entertain, the lounge also has ample counter and sink space that allows for easy catering, and the shuffleboard table entices tenants to take a moment to relax. When tenants are ready for some fresh air, walking and bike trails are just steps away, surrounded by stunning lake views.
“While our market has other Class A buildings, the aesthetics and quality of the Lake Pointe properties are showstopping,” said Gillihan. “These buildings are clean and crisp. When the doors open, you’re transported into a modern office space that is different from many of the traditional buildings in the market. All the thoughtful upgrades are top quality, a reflection of the ownership group that continues to make upgrades year after year.”
With several other offices buildings in the area, including Keystone at the Crossing, Meridian Plaza and The Link at Fisher’s District, M&J Wilkow and DRA are committed to Indianapolis and serving the vibrant business community through offering highly amenitized, well-located offices. Limited opportunity remains at Lake Pointe, with only a couple of suites remaining between 1,200 and 5,000 square feet. For more information on the property and leasing opportunities, please reach out to Kevin Gillihan or Abby Zito.
JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. JLL shapes the future of real estate for a better world by using the most advanced technology to create rewarding opportunities, amazing spaces and sustainable real estate solutions for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $19.4 billion, operations in over 80 countries and a global workforce of more than 102,000 as of September 30, 2022. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.
About DRA Advisors
DRA Advisors LLC is a New York-based registered investment advisor with approximately 95 employees specializing in real estate investment management services for institutional and private investors, including pension funds, university endowments, sovereign wealth funds, foundations, and insurance companies. Since DRA was founded in 1986, the firm has opened additional offices in Miami and San Francisco while acquiring over $36.5 billion of real estate. The acquisitions include 84 million square feet of industrial, 64 million square feet of office, 83 million square feet of retail and 82,000 multifamily units. As of June 30, 2022, DRA has $12.3 billion in gross assets under management. http://draadvisors.com
About M&J Wilkow
M&J Wilkow is a leading commercial real estate owner and operator dedicated to creating value for its investors. The Company’s approach to real estate emerged distinctively from an owner’s perspective and has evolved over 83 years in the real estate business. M&J Wilkow’s portfolio consists of 85 properties consisting of approximately 13.9 million square feet. The aggregate market value of the portfolio is estimated to be in excess of $3 billion. For more information, visit www.wilkow.com.