Ambassador Medical Relocates from Carmel to Noblesville

Ambassador Medical Relocates from Carmel to Noblesville

Ambassador Medical relocates from Carmel to Noblesville

July 19, 2008 - Paraphrased Article from Indianapolis Star

By: Chris Sikich

NOBLESVILLE -- The Saxony Corporate Campus has attracted another company.

Ambassador Medical, a division of GE Healthcare, has moved from Carmel and opened in the Verus Partners project in the Saxony development at I-69 Exit 10.

Ambassador Medical finished its move to Noblesville June 20, bringing 58 employees, said marketing director Christine Wright. The company refurbishes ultrasound equipment, parts and transducers to customers worldwide, according to its Web site. It has leased about half the 90,000-square-foot speculative office building completed by Verus Partners in 2007, joining Weaver Popcorn Co. and Rock Tops.

What's unusual about Ambassador Medical is it's one of the few companies not convinced to locate in Noblesville because of the 146th Street extension and access to I-69. The need for more space drove the move, Wright said.

However, the building's owner, Rosemont, Ill.-based Verus Partners, did have an eye on the 4-mile, $53 million extension when it decided to build two 90,000-square-foot buildings on neighboring lots at Exit 10. The first building was finished in 2007 and is fully leased. The second is under construction and will be complete in August. Verus plans to retain ownership of the buildings and to lease space to companies.

Senior Vice President Tom Theobald said "that was one of the key economic development activities that Noblesville undertook that helped the whole area.

Verus Partners is building on a speculative basis, and no leases have been signed. The company also is considering constructing two more spec buildings combining for 100,000 square feet, though it hasn't bought more land yet.

Verus Partners was one of the first projects to announce plans for the corporate campus. "We had a good feeling about the future growth of that area, and it turns out, we were right," Theobald said.