Pre-leasing success in the 36,000 sf retail and office suites project on Fort Harrison has been much stronger than had been forecasted.
Lawrence, IN – May 13, 2015 – (RealEstateRama) — Yeager Properties and RealtyQwest today announced the opening of the “Post.” The Post is a 36,000 s.f. mixed-use project comprised of high energy office suites and approximately 10,000 s.f. of retail space. The project broke ground on August 5th, 2014 and the development team currently reports that the building is over 50% leased, well ahead of their modeled forecasts. Other similar buildings in the development team’s Indianapolis Metro inventory enjoy nearly 100% occupancy. Jockamo Upper Crust Pizza has joined the energy and will be the anchor tenant in the project, adding its third location. The team is negotiating the final form of lease for yet another exciting 3,800 s.f. tenant that cannot yet be named, leaving approximately 1,700 s.f. of retail space in the building. “We are excited to report that nearly all of our first floor is leased,” said Scott Baldwin, a partner in the project. The Post is a public private partnership between the Fort Harrison Reuse Authority and Fort Harrison Office Suites, LLC. Fort Harrison Office Suites, LLC is comprised of Scott Yeager of Yeager Properties and Scott Baldwin of Envoy & RealtyQwest. The project was strongly supported by the City of Lawrence.
“A year of increased excitement and anticipation ends this May. The Post, the iconic, mixed use building at the corner of 56th and Lawrence Village Parkway, will open its doors for operation the 8th of May. The inspirational, eclectic design has landmarked The Post as what we hope will become a beacon in the Lawrence community. It will house over 100+ different businesses utilizing a synergistic networking relationship to propel each business individually.” – Mayor Dean Jessup, Lawrence, IN
As prominent figures in the Indianapolis community, Scott Baldwin and Scott Yeager’s expertise ensure the success of this project. However, after speaking with Scott and Scott, they both claim and attribute all success in the project to the Fort Harrison Reuse Authority and its partnership with the City of Lawrence. They say that without the cooperation from that leadership, the project would never have commenced, and without their involvement the project will not be the success that has been projected. Scott Yeager, President of Yeager Properties and Yeager Construction, and a partner in the Post, states “We produce collaborative incubation space that tailors perfectly to our tenants needs. This concept, coupled with the multitude of service offerings, equips each business with a substantial advantage in increasing their success and growth.” Scott Baldwin, an owner of Envoy, Inc. and RealtyQwest, and a partner in the Post, said, “It’s exciting to see the existence of co-working space, virtual office suites, office suites, and retail space all housed under one roof, in an energetic atmosphere. This will undoubtedly provide the ingredients to incubate new and existing business within the community.”
The Post features:
-Individual office suites with shared amenities
-On site management to greet guests and assist tenants
-Out of this world, two story lobby with lush greenery and a 10′ aquarium
-Blazing fast fiber internet at no charge / including WIFI throughout the building
-Four conference rooms accommodating groups up to 25 people, complete with conference phone, 60” monitor, and easy connectivity
-Convenient on-site parking
-Security cameras, lockable suites, and 24/7 access via electronic fob
-Kitchenette with microwave, double refrigerators, coffee bar and sink
-Vending machines, elevator, restrooms, mailroom, copier and fax
-All utilities, taxes, insurance, and common area maintenance are paid by Landlord
-Cable TV is available
-Free use of conference rooms at all locations throughout Indiana (online scheduling tool)
Pricing ranges from $395 to $695 per month without the need to sign a long-term lease. Co-working space is also available from $199 per month, allowing users to enjoy all of the same amenities, including free use of the citywide conference rooms.
The project team will host an open house in Friday, May 8th, 2015 from 10:00 a.m. to 6:00 p.m., with a Ribbon Cutting ceremony and comments by Mayor Dean Jessup for the Grand Opening at 1:00 p.m. Refreshments will be served, courtesy of the project team and Jockamo Upper Crust Pizza, and tours of the facility will be conducted throughout the day. The public is invited to attend.
Scott A. Baldwin
scott.baldwin (at) realtyqwest (dot) com
(317) 645-4444, Ext. 201