CBIZ Signs Indianapolis Office Lease

Rubenstein Partners and SCP plan to invest $20 million in improvements at the PARC, a full-service tenant amenity center opened in 2018.
Eight Parkwood. Image courtesy of Rubenstein Partners
Eight Parkwood. Image courtesy of Rubenstein Partners

Rubenstein Partners together with Strategic Capital Partners (SCP), has secured CBIZ’s 53,000-square-foot lease at Eight Parkwood, a 204,126-square-foot building in Indianapolis. The property is part of Parkwood Crossing, an eight-building office park totaling roughly 1.2 million square feet. Rubenstein and SCP acquired the $163 million park in 2016.

Located at 800 E. 96th St., adjacent to the suburbs in Carmel, Zionsville and Fishers in Hamilton County, Eight Parkwood sits on approximately 9.6 acres and consists of one five-story building. The property provides convenient access to Interstate 465 and 96th Street.

The joint venture plans to invest more than $20 million in upgrades at Parkwood, especially to the PARC, a 14,000-square-foot full-service tenant amenity center opened in 2018. The property features common-area amenities including tenant lounge with fireplace, outdoor wraparound deck, gourmet café, a 6,000-square-foot fitness center, access to a bike sharing program, locker rooms and private showers, four Tesla and three universal electric charging stations, conference and training cente and roughly 23 miles of trail going from downtown Indianapolis to north of Carmel.

Matt Waggoner of JLL and Gibraltar Real Estate Services represented the tenant, while JLL’s team led by Traci Kapsalis, Adam Broderick and Brittany Shuler worked on behalf of the building’s owner.