Developers will Thursday celebrate the opening of the $8 million Parkwood Amenity and Recreation Center in Indianapolis. The facility is part of a $20 million investment in the Parkwood Crossing Office Park.
Commercial real estate investment firm Strategic Capital Partners says the facility is the first of its kind in the city. The PARC serves tenants in the Parkwood Crossing office park on the north side of Indy. office park by Strategic Capital Partners and Philadelphia-based Rubenstein Partners, both of which own Parkwood Crossing.
The 14,000-square-foot facility includes a tenant lounge, gourmet café by Sahm’s, a fitness center, electric vehicle charging stations, a conference and training center, and connection to the Carmel bikeshare system. It also connects to the Parkwood Crossing trail and the Monon Trail.
"Building an amenity center and social hub is part of the overall investment strategy Rubenstein Partners and SCP have pursued since purchasing Parkwood Crossing in August 2016," said Richard Horn, chief executive officer of SCP. "PARC consolidates our amenity package in one creative facility. We are excited that it is ready to open and believe PARC will enhance our tenants’ experience at Parkwood."
Brandon Huffman, portfolio manager at Rubenstein Partners, says the PARC adds significant value to the office park. He says his firm is using the model to expand amenities across its portfolio.