FISHERS, IND. — Indianapolis-based Edgeworth Laskey Properties has begun developing Concourse at Crosspoint, a $100 million office park located near Interstate 69 — between 96th and 106th streets — in Fishers. Situated on a 26-acre site, the five-building project will introduce approximately 600,000 square feet of Class A office space to this thriving Indianapolis suburb.
“The town of Fishers has been cited in a number of national publications as one of the fastest-growing areas in the country,” explains Tom Laskey, a principal of Edgeworth Laskey Properties. “The explosion and the growth has been in the housing side and there really has not been the necessary office development of Class A space to follow.”
As a result of this unmet demand for office space within the community, Edgeworth Laskey Properties has decided to move forward with its development plans despite unfavorable economic conditions. The well-capitalized project was able to secure financing from Urbana, Ill.-based Busey Bank.
Upon completion of Concourse at Crosspoint in October, the master-planned office community will consist of four-, five- and six-story brick-and-stone buildings with spacious offices and ample parking.
Fishers-based USA Funds, the nation’s largest guarantor of federal student loans, has already pre-leased the entire fourth floor of one of the buildings. Sam Smith and Eric Kemp of RESOURCE Commercial Real Estate represented the tenant in securing 30,000 square feet.
“The town of Fishers is very excited,” Laskey says. “They were really hoping that we would get this thing going and bring some office buildings into their community so that their citizens and their families can work closer to home.”