Lakefront at Keystone Lands Large, Long-Term Lease with Regional Firm
MCM CPAs and Advisors relocating to the newly renovated Lakefront 4
June 30, 2020 – Indianapolis – Rubenstein Partners, L.P. (including its affiliates, “Rubenstein”), a vertically integrated real estate investment adviser focused on value-added office property opportunities, and Indianapolis-based Strategic Capital Partners, LLC (“SCP”), a commercial real estate development firm, announced a long-term lease agreement with MCM CPAs & Advisors LLP (MCM).
MCM, a leading regional accounting firm, secured a long-term lease for 15,786 square feet through 2031 in Lakefront 4 at 9229 Delegates Row, Indianapolis. Lakefront 4 is one of 19 buildings in Lakefront at Keystone, a northside Indianapolis Class A office park with more than one million square feet.
The building features a host of amenities including a new, first-class lobby and a patio which connects to a pedestrian plaza recently converted from vehicular traffic to an outdoor fitness amenity. As a result, the building is experiencing tremendous leasing activity. In the last two years, new deals of approximately 38,000 square feet and approximately 19,000 square feet of renewals resulting in 94% current occupancy. Key tenants include Ducharme McMillen & Associates, WebMD and Thrivent Trust Company.
“We’re thrilled to relocated our office to Lakefront 4. Lakefront at Keystone was a sensible and convenient choice for our staff and clients. Moving into the new office will be a milestone for our MCM Indianapolis team and we look forward to growing in the area””
“We’re thrilled to relocate our office to Lakefront 4,” said Rebekah Payne, Indianapolis location leader for MCM CPAs & Advisors. “Lakefront at Keystone was a sensible and convenient choice for our staff and clients. Moving into the new office will be a milestone for our MCM Indianapolis team and we look forward to growing in the area.”
“We are pleased to welcome MCM to their new location at Lakefront 4,” said Brian Simel, Rubenstein Partners. “The well-located Lakefront at Keystone suburban office complex and its unrivaled amenity offerings have raised the bar for the contemporary tenant experience. The ownership group has made significant investments in both Lakefront 4 as well as the broader park, and the robust leasing activity that we are now seeing during this uncertain office market is a clear demonstration of its desirability.”
Stephen Lindley, SCP’s Vice President of Leasing added, “As employees begin returning to work, the wide-open Lakefront at Keystone campus and thorough cleaning measures implemented at the property offer an ideal setting for tenants in a post-COVID-19 environment.”
Rubenstein and SCP acquired the 1.1 million square foot, 89-acre development in 2017 and immediately developed a capital improvement plan which included renaming the park Lakefront at Keystone to highlight the dramatic changes designed to capitalize on the 38-acre lake. The fully integrated improvement strategy includes:
· The Anchor, a new indoor amenity center, which includes a state-of-the-art fitness center, tenant lounge, full-service café, conference facilities and the property management office.
· The Harbor, a floating barge, that takes full advantage of the park’s 38-acre lake and delivers an entertainment venue unlike any in Indianapolis.
· The Boardwalk features a winding waterfront walkway, basketball court, workout circuit, bike path, food truck depot and seating areas.
· The Landing, a lakeside outdoor retreat area with casual seating, fire pits and interactive games for lunch breaks, team building and after hours meet-ups.
Lakefront’s strategic northside location near I-465 also benefits from the newly completed 96th Street roundabouts which improve access to a quality workforce living in Indianapolis, Carmel and Fishers. Tenants and their employees appreciate the park’s proximity to The Fashion Mall at Keystone, Carmel City Center and Carmel’s Art and Design District offering hundreds of retail, dining, arts and entertainment options. In addition, the park is only 30 minutes from downtown Indianapolis and the Indianapolis International Airport.
A JLL team led by Tammy Faulk and John Robinson handled the MCM lease transaction for the landlord and CBRE’s Zane Brown represented the tenant.