A two-year renovation of the former Indianapolis Enterprise Center is now complete. Fishers-based Alcatraz IEC LLC, which purchased the property in 2013, says around $160,000 has been invested into improving and rebranding what’s now called the A & P building.
The name is an homage to its original tenant, a warehouse for The Great Atlantic & Pacific Tea Co. grocery chain, and was built in 1929. In 1985, it was converted to a small business incubator. It still serves the latter purpose, housing tenants including IU Health, the studio for HGTV’s "2 Chicks and a Hammer" show, Pinnacle Propane Express, Roberts Environmental, National Library Bindery and artist Phil O-Malley.
The two-year renovation project involves a new common area, LED lighting, restroom overhaul, interior improvements, new outdoor signage and a resurfaced parking lot.
Alcatraz Management LLC Principal Scott Meyers, who led the project with Lisa Brookfield, says "it is very rewarding to successfully revitalize this historic and important property in our community. We are very happy that The A & P Building’s transformation has been so well received by the tenants and the community. In a market with some of the most attractive commercial office and Industrial values in the country, we saw The A & P Building as an excellent opportunity to acquire a well-located, irreplaceable asset, and dramatically improve it through extensive renovation."
The company says the building is 94 percent leased.