Sprawling USA Parkway office and conference center in Fishers has new owner, name
The burly 11100 USA Parkway conference center and office complex east of Interstate-69 in Fishers has been sold to a new owner with plans to rehab and slap it with a new name.
A partnership of DRA Advisors, a New York-based investment consultant, and M&J Wilkow, a real estate company in Chicago, will update common areas and amenities in the 350,000-square-foot complex and aggressively lease the office space.
The new name will be The Link at Fishers District because of its proximity to commercial area at 116th Street, particularly the Fishers District culinary and specialty shop enclave.
“We are advertising it as part of a mixed-use development with walking and bike trails,” said John Robinson, managing director for JLL Indianapolis, which represented the seller.
More:Chicago firm buys Fishers District restaurant hub, apartments and Test Kitchen
The building now has three tenants: Navient, the student loan company; Fiserve, a financial services company; and Pendrick, a medical debt purchaser. Navient owned the USA Parkway complex and will remain a tenant. Robinson would not disclose the purchase price.
The complex has 27 conference rooms and a 192-seat auditorium, a café, fitness center, lockers, showers and an outdoor patio. But the office tenants occupy only 42% of the space. Though office vacancies are generally high now, Robinson said the spots that do fill up offer workers something to do nearby.
“Office users want enticing amenities and Class A buildings with green space that are in proximity to exciting venues," Robinson said. "That is exactly what this space offers."
The complex is five buildings connected by a hallway in front. Four of the buildings are three stories high, each floor with 30,00 square feet of space. The fifth building is five stories, with about the same square footage.
Robinson said the new owners have already signed up one tenant and are highlighting not only the Fishers District, but other nearby businesses like Ikea, Topgolf and Portillo's. In addition, Slate at Fishers District, a development of 242 single family villas and townhouses is being built. As part of the project, a public park with a paved trail and direct pedestrian and bike access to Fishers District is being constructed in partnership with Fishers.
More:250 villas, townhouses planned near Ikea and Fishers District, to include mile-long trail
Robinson said the new owners plan to install an electric bike share at the building and Fishers is considering extending a driverless shuttle car service it experimented with downtown this year to the facility.
Since 2018, DRA and Wilkow have purchased Keystone at the Crossing in Indianapolis, Meridian Plaza in Carmel, and Lake Point Center III & IV in Indianapolis area.
This article originally appeared on Indianapolis Star: USA Parkway office, conference center in Fishers has new name, owner
