Keystone Wins Best Retail/Mixed-Use Project Award
For Release: February 21, 2012
NAIOP Announces Winners of the Best Real Estate Projects of 2011
Indiana’s NAIOP chapter has announced the winners of the Best Industrial Project of 2011, Best Mixed-Use/Retail Project of 2011, Best Office Project of 2011, and Developer of the Year.
INDIANAPOLIS — NAIOP, the Commercial Real Estate Development Association, has announced Indiana’s Best Real Estate Projects of 2011.
The winners are as follows:
Best Industrial Project/Transaction
· Amazon.com/AllPoints at Anson Building 1 (Whitestown) developed by Duke/CBRE Realty Trust.
Best Retail/Mixed-Use Project/Transaction
· Sophia Square (Carmel) developed by Keystone Group.
Best Office Project/Transaction
· Rolls-Royce at Meridian Centre (Indianapolis) brokered by CB Richard Ellis and UGL Equis.
Developer of the Year
· Duke Realty Corporation
The Best Industrial Project is Amazon.com/AllPoints at Anson Building 1 in Whitestown, a 1,036,573 SF project, including a 406,000 SF expansion and a 413 car parking expansion developed by Duke Realty Corporation. The Build-to-Suit project was the largest lease signed in the Indianapolis market in the last three years. Amazon.com performs distribution and fulfillment services for customers across the country from this facility, employing over 3,000 people during the peak holiday season. LEED Gold was awarded for the commercial interiors of the project.
The Best Retail/Mixed-Use Project is Sophia Square, a 207-unit apartment community developed by Keystone Group. This project represents a public-private partnership between Keystone and the City of Carmel, and it encompasses an entire city block in downtown Carmel. The 7-story mixed-use structure has restaurant and retail usage on the first floor, apartment usage on the top four floors, and a 450 space 2-story underground parking garage.
The Best Office Project of 2011 was a 407,000 SF lease for Rolls-Royce brokered by the combined teams of CB Richard Ellis and UGL Equis. The team worked cooperatively and diligently over a five month period to negotiate long term occupancy terms which resulted in Rolls-Royce agreeing to relocate up to 2,500 of its employees to downtown Indianapolis. The lease and the number of employees migrating to downtown Indianapolis is unprecedented.
The Developer of the Year for 2011 is Duke Realty Corporation. Duke has developed approximately 143 million square feet of industrial, office and medical office properties in 18 major U.S. cities, and have nearly 1,000 associates providing leasing, property management, site selection, development, financing, and construction services. Duke also had a very productive 2011, including projects such as the Amazon.com Build-to-Suit expansion (NAIOPs 2011 Industrial Project of the Year), D.A. Lubricants Build-to-Suit project (NAIOPs 2011 Industrial Project of the Year Runner Up), Travelers Insurance, Interactive Intelligence Expansion, USIC, Adessa, David A Noyes, Fanning and Howey, Tri-Medx, Gilchrist and Soames, Brightpoint, Nexus Valve, Victory 4, Barrett-Skjodt, Bosma Industries, Hat World/Lids, Genco, Delco Foods, Firestone Lab and Research Facility, and now are developing the Wishard Faculty Office Building.
The Selection Committee for the Project Awards was made up of NAIOP Indiana Board Members representing a wide range of Real Estate professionals throughout the State. Selection Committee members were: Katie Culp (Cassidy Turley), Elizabeth Kauchak (Prologis), Alex Cantu (Summit Realty), Greg Martz (Keystone), John Cumming (Opus Group), Mark Hosfeld (Duke Realty), Bennett Williams (Cassidy Turley), John Merrill (CBRE), Matthew Waggoner (Summit Realty), Bryan Weese (Bingham Greenebaum Doll LLP), Cassie Anderson (August Mack), Jeff Castell (Cassidy Turley), Ken Martin (Holliday Fenoglio Fowler), Manish Gandhi (Opus Group), Chris Wilkes (Holliday Properties), Adam Seger (Duke Realty), and Michael Weishaar (Cassidy Turley).
NAIOP, the Commercial Real Estate Development Association, is the leading organization for developers, owners and related professionals in office, industrial, retail and mixed-use real estate. NAIOP comprises 15,500 members in North America. NAIOP advances responsible commercial real estate development and advocates for effective public policy. For more information, visitwww.naiop.org.