Pieces of the Puzzle Filling in at Saxony

Pieces of the Puzzle Filling in at Saxony

Pieces of the Puzzle Filling in at Saxony

August 21, 2007—Paraphrased Article from Indianapolis Star

By: Chris Sikich

Several years after Republic Development began purchasing land along I-69’s Exit 10 in Fishers and Noblesville, the first companies are ready to move into the Noblesville side of the project.

Perkins Specialized Transportation will open its 37,000 square foot corporate headquarters in October. Their building is nearly complete and the logistics company’s 70 employees are ready to move.

Helmer Labs, a life-science company, has 125 employees that will be moving to their new 72,000 square foot building in Saxony the first of December.

Intrametco, a metal trading company, will be moving from downtown Noblesville into 5,500 square feet of their 20,000 square foot building in January. The remaining space will be available for lease.

Verus Partners has finished its 90,000 square foot building that is currently available for tenants to lease.

“Noblesville should be very proud and pleased with what’s taking place out there,” said Rick Arnos, Republic’s president. “They’ve played a huge role in making that happen.”

Noblesville invested $21 million in infrastructure to create access to the 280 acres of Saxony that lie in Noblesville.

The Fishers side of Saxony has also leaped forward. Recently it has made headlines with the recent Clarian Health Partners purchase of 95 acres and with the 36,000 square foot Bonn Building of speculative space that is near completion. In addition, there are several projects already completed and opened, including Community Health Pavilion and Wesleyan Church World Headquarters.

St. Vincent Hospitals also purchased land adjacent to Saxony, with plans to construction a stand-alone emergency center. “Having the 1, 2, and 3 largest medical providers in the state located on your side of the highway is no small (deal),” Arnos said.

Fishers approved 1900 multi- and single-family homes in Saxony, and Arnos said he’s preparing to announce more deals. Once those close, he said about half of the land in Saxony will be spoken for. “We are in negotiations or discussions on virtually every parcel,” he said, declining to hint at what’s to come.

Ben Bontrager, Noblesville’s assistant economic development director, said several restaurants are looking at Saxony, and he expects more hotels to join Cambria Suites, an upscale hotel that announced plans to build there earlier this year.

“The mall and Saxony are good fits for each other,” Arnos said. Retail developments like to cluster together because of all the energy and choices that investors have in one location. Arnos said, “Saxony and Exit 10 will be a major retail hub in the greater Indianapolis area.”

“The growth and Saxony brought Intrametco to Noblesville, but the retail and restaurants are making the decision more appealing,” said Jay Sheets, Intrametco president and CFO. “I think eventually the suburbs will extend all the way to Anderson.”