Lauth Group announces headquarter move to Proscenium
Three central Indiana companies have announced they will relocate their corporate headquarters to the Agora at the Proscenium located at 10 West Carmel Drive in Carmel. The 4-story, 100,000 square foot office building is currently under construction and is scheduled for completion next summer. The office is being developed by Lauth Group, Inc. and is a part of Novo Development Group’s mixed-use Proscenium development located in the heart of Carmel.
“We are thrilled to see that our investment into the redevelopment of this once under-performing property is now producing results in the way of private investment and new jobs for Carmel,” said Mayor Jim Brainard. “We welcome these companies to our growing number of corporate headquarters, and we look forward to sharing in their growth and success.”
Schwarz Partners will relocate approximately 70 employees from their Indianapolis-based headquarters at Woodview Trace to the third floor of the Agora occupying approximately 25,000 SF. Schwarz is a privately held, second-generation company with multiple locations across the United States.
In choosing a new location for its corporate headquarters, Schwarz focused on the quality of the overall development along with its access to lifestyle amenities. “We are excited to partner with Lauth in building our new corporate office headquarters,” commented Jack Schwarz, General Partner. CBRE’s John Vandenbark represented Schwarz Partners and Lauth Group, Inc. during lease negotiations.
Valeo Financial Advisors will relocate their office operations from 9450 N. Meridian Street and will occupy the 25,000 SF fourth floor. The move will involve nearly 70 employees. Valeo was represented by Matt Waggoner and Adam Broderick of JLL during lease negotiations.
“This new workspace, in the heart of Carmel’s growth plans, will improve the experience for our people and clients alike,” said John Trott, Valeo Financial Advisors. “We look forward to moving in next summer.”
Carmel-based, Lauth Group, Inc. will relocate its headquarters from its current location to the second floor of the Agora. “To have the building more than 60% preleased prior to commencing construction validates our decision to develop this facility in Carmel. The benefit of walkability to amenities provided both within downtown Carmel and within the Proscenium development make this a highly desirable location,” shares Mike Jones, President and CEO of Lauth.
Lauth will celebrate the lease announcements with a beam-signing ceremony on September 6th at the Agora jobsite. Mayor Brainard will provide remarks at noon.
Located at the gateway entrance to downtown Carmel, the Agora will feature direct, secured access from the underground parking garage, terraces on the 2nd, 3rd and 4th floors, walkability to onsite amenities, and nearby access to the Monon Trail.
The Proscenium is Carmel’s newest mixed-use development located on the former site of Arby’s and Party Time Rental at Carmel Drive and Rangeline Road. The $85 million project features: below-ground garage parking, luxury multi-family housing, condominiums, a central gathering green and space for restaurant and retail. Boston-based Wahlburgers recently announced it will open its first Indiana location at the Proscenium.
For detailed leasing information about the Agora, visit www.cbre.us/agora or contact John Vandenbark, CBRE at 1.317.269.1046.
Built on a legacy of success that began in 1977, Lauth is a privately held, vertically integrated commercial real estate firm. With expertise in development, construction, property management and facilities maintenance, Lauth was twice named one of the Indianapolis Business Journal’s Fastest Growing Companies in 2017 and 2015. Visit lauth.net to learn more about the company.
About the Proscenium
Located on a nearly 7-acre site at the gateway entrance to downtown Carmel, the Proscenium will feature residential, retail and office space. The mixed-use development includes an underground parking facility and a central plaza gathering green. Living at the Proscenium means living life, center stage. The Proscenium is a Novo Development Group project.