NEWTON, Mass.--(BUSINESS WIRE)--The RMR Group Inc. (Nasdaq: RMR) today announced that eight tenants have signed new and renewal leases for an aggregate 230,409 square feet in 2019 at INTECH Park in Indianapolis, Indiana.
INTECH Park is the largest office development in Indiana, with three Class-A office buildings comprising approximately 434,000 square feet spread across an attractive ten-acre natural setting with water views. Onsite amenities include a conference center, café, basketball court, volleyball court and walking and running fitness trails that connect to Eagle Creek Park, one of the largest municipal parks/nature preserves in the country.
INTECH Park is strategically located in the well-established and rapidly growing technology and research corridor of the Northwest Office Market, just 15 minutes from downtown Indianapolis and the Indianapolis International Airport, and within one mile of the Eagle Creek neighborhood, ranked as one of Money Magazine’s Best Places to Live in 2019. Commuters have easy access to both Interstate 465 and Interstate 65, as well as the public transit bus line, IndyGo. More information on INTECH Park can be found at intech123.com.
The properties are owned by Office Properties Income Trust (Nasdaq: OPI) and managed by The RMR Group LLC, which manages OPI and is the majority owned operating subsidiary of The RMR Group Inc. The RMR Group LLC is responsible for providing all aspects of management services and strategy for more than 1,400 properties with over 97 million square feet of commercial office, industrial, medical office, life science and retail space.
OPI was represented by John Robinson and Abby Zito of JLL. Tenants were represented by Nick Svarczkopf of CBRE, Mike Cook of CBRE, Jack Hogan of JLL and Christopher Carmen of Carmen Commercial Real Estate.
About The RMR Group Inc.
The RMR Group Inc. is a holding company and substantially all of its business is conducted by its majority owned operating subsidiary, The RMR Group LLC. The RMR Group LLC is an alternative asset management company that primarily provides management services to publicly traded REITs and real estate related operating companies. As of September 30, 2019, The RMR Group LLC had $32.8 billion of total assets under management, including more than 2,200 properties, and employed nearly 600 real estate professionals in more than 30 offices throughout the United States; the companies managed by The RMR Group LLC collectively had nearly 50,000 employees. The RMR Group Inc. is headquartered in Newton, Massachusetts.
About Office Properties Income Trust
Office Properties Income Trust is a real estate investment trust, or REIT, focused on owning, operating and leasing buildings primarily leased to single tenants and those with high credit quality characteristics like government entities. OPI is managed by the operating subsidiary of The RMR Group Inc.