Gladstone, Visionary Enterprises Sign Indy Lease Expansion

The nearly 90,000-square-foot office building, located in the city’s Castleton submarket, is 90 percent leased. It has been part of Gladstone's portfolio since 2014.

Heritage Park II in Indianapolis
Heritage Park II in Indianapolis

Gladstone Commercial Corp. has signed a lease amendment with Visionary Enterprises Inc., a subsidiary of Community Health Network Inc., allowing the developer to expand its Indianapolis office to approximately 64,000 square feet. The new lease is set to expire in 2026.

Gladstone’s multi-tenant, 86,495-square-foot property is located within the Castleton submarket and is currently 90 percent leased. The five-story structure is one of the three buildings making up the Heritage Park office campus. Situated at 6626 E. 75th St., next to Interstate 465, the center enables easy access around Indianapolis.

According to Yardi Matrix data, the building has been part of Gladstone’s office portfolio since 2014, when the company acquired it from First Highland for $10.5 million. Built in 1979, the asset was renovated in 2011 and 2014.

Image courtesy of Yardi Matrix