Indianapolis Star puts its headquarters up for sale

The Indianapolis Star has put its downtown headquarters up for sale. “We need space that inspires us to be creative and digitally focused as we continue to pursue great journalism that makes an impact and is a positive force on our community,” says the publisher’s memo to staff.

From: Crotchfelt, Karen
Sent: Friday, July 27, 2012 2:31 PM
To: Messages to INI
Subject: Important Announcement about the Penn St. building

Indianapolis Star building

As part of the strategic transformation of our company we have decided, after 104 years, to put our downtown building on North Pennsylvania Street up for sale. The Penn building has been a wonderful part of our history, but it no longer suits the size or needs of our staff. We need space that inspires us to be creative and digitally focused as we continue to pursue great journalism that makes an impact and is a positive force on our community.

We are committed that Star employees will relocate to a new location downtown still to be determined. We hope to find space that inspires our future and welcomes our community to be a partner in the conversation. We have no timeline for a sale or for a move. Now that the announcement has been made, we will begin to define our needs for a move and consider all options.

CBRE has been retained to represent us in the sale and to help us determine our relocation plans. Jeff Luebker [Jeff.Luebker@cbre.com] is our contact at CBRE.

Please let me know if you have any questions.

Thank you.

Karen

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