12:00 PM
Newmark has announced that international logistics service provider, BNSF Logistics (BNSF), has signed an office lease at 141 East Ohio Street in downtown Indianapolis. The 13,105-square-foot lease was signed at the circa 1913 historic office building, owned by Crown Property Management. Newmark Associate Kevin O’Donnell represented BNSF Logistics on the lease transaction.
BNSF’s 13,105-square-foot office represents a 424 percent increase in its Indianapolis footprint; the company’s former office space was approximately 2,500 square feet.
“BNSF was outgrowing its former space and wanted to expand into an office that could accommodate its business and future growth,” explained O’Donnell. “After an extensive search, we settled on the Ohio Street location, moving BNSF from the Northside to downtown Indianapolis. This move allows the company to be close to the expansive downtown amenity base along with access to the large, labor pool that lives and works in the central area. Newmark developed and executed a real estate strategy that will allow our client to continue to grow and recruit the best talent the city has to offer.”
The significant increase in office space will allow BNSF to add to its existing employee base - with open positions in sales, administration and operations - shortly after completing the move this summer, along with future hiring throughout its commitment to downtown Indianapolis.
“Indianapolis is a major transportation hub so maintaining a strong presence in the market is significant to our company; BNSF has made a long-term commitment to Indianapolis,” commented Philip Gramelspacher, Branch Manager at BNSF Logistics. “We are very excited about the move to a new downtown Indianapolis location, which will enhance our office culture while providing an excellent point for future recruiting.”
About BNSF Logistics
BNSF Logistics is a subsidiary of Burlington Northern Santa Fe, LLC, a Berkshire Hathaway company. BNSF Logistics is a multi-modal, third-party logistics services provider specializing in movement of freight around the globe, featuring uncommon service scope, resources and financial depth. The company operates more than 40 offices throughout North America, with more than 120 FCPA-certified Global Service Providers (GSPs) for import and export of general and project cargoes throughout the world.
About Newmark
Newmark (“Newmark”), operated by Newmark Group, Inc. (“Newmark Group”) (NASDAQ: NMRK), is one of the world’s leading and most trusted commercial real estate advisory firms, offering a complete suite of services and products for both owners and occupiers. Together with London-based partner Knight Frank and independently-owned offices, Newmark’s 16,000 professionals operate from approximately 430 offices on six continents. Newmark’s investor/owner services and products include investment sales, agency leasing, property management, valuation and advisory, diligence, underwriting, government-sponsored enterprise lending, loan servicing, debt and structured finance and loan sales. Occupier services and products include tenant representation, real estate management technology systems, workplace and occupancy strategy, global corporate services consulting, project management, lease administration and facilities management. For further information, visit www.ngkf.com.
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