GROUNDBREAKING OF LAKESIDE GREEN BUSINESS CENTER, ATAPCO’S NEW LEED CLASS-A REDEVELOPMENT IN CARMEL,

Carmel, IN (July 29, 2015) –On July 29, 2015, Atapco Properties, Inc. (Atapco) broke ground on Carmel Lakeside Green, a 61,050 SF LEED redevelopment project.  The new Class A office building, located at Carmel Drive and Guilford Road, in Carmel, Indiana, will be the newest addition to Atapco’s 35 acre mixed-use Lakeside Development.  The project is slated to be the first new speculative LEED office building in Carmel and the first Class A office space built in Carmel since City Center at Penn in 2008.

The building is being built to meet or exceed the new LEED v4 building standards and will feature efficient and environmentally friendly geothermal systems that help to reduce operating expenses and improve overall tenant comfort.  Lakeside Green tenants will be able to enjoy the use of the fitness center,  for the new Lakeside apartment community and other planned Lakeside amenities. The building will be a striking new addition to the neighborhood with full height windows and a metal panel, cast stone and brick exterior. Delivery is expected in spring 2016.

The groundbreaking ceremony included remarks from Carmel, Indiana Mayor, James Brainard, and Atapco Properties’ President Kevin McAndrews.

Parties interested in leasing space at Lakeside Green Business Center should contact CBRE’s John Vandenbark at 317-269-1046 or Nick Svarczkopf at 317-269-1005.

Atapco Properties is a wholly owned subsidiary of American Trading and Production Corporation, which was originally formed in 1931 to consolidate, expand and diversify the business activities of the Blaustein family, the founders of the American Oil Company (AMOCO). Atapco Properties is active in Maryland, Delaware, Indiana, New Jersey, North Carolina, Pennsylvania, Tennessee, and Virginia, developing state-of-the-art industrial, retail, residential and mixed-use projects with an emphasis on sustainability and green building standards. For more information on Atapco Properties, visit www.atapcoproperties.com.