11,075 Sf Building for Sale 11,075 Sf Building for Sale

11,075 SF BUILDING FOR SALE CALL FOR OFFERS 5745 Lawton Loop East Drive, Lawrence, IN 46216

From BRAC to Back... The Redevelopment of Fort Benjamin Harrison

Fort Benjamin Harrison Army Base was established in 1903 and was named after the 23rd President of the United States. When the base closed in 1995, community leaders knew they had challenges ahead and they met them with enthusiasm and careful planning.

Today, The Fort is a vibrant Located in the historical Lawton Loop area of Fort Benjamin Harrison, the residential, office, retail, and building was originally built in 1908 as the Fort Benjamin Harrison Army Base business community that is PX (Post Exchange store) and featured a basement gymnasium for soldiers. widely recognized as the When a new PX was built on 56th Street, the building was converted to the model for reuse and non-commissioned officers’ club. The former PX building is now available for redevelopment of a military sale or development as possible restaurant, retail, or office property. installation.

1992 Already a destination, Fort Benjamin Harrison continues to redevelop and is nearing its final leg in its journey toward the finish line.

2015

FOR MORE INFORMATION:

Freddie Burrus Executive Director Fort Harrison Reuse Authority Phone 317-377-3400 [email protected] www.fhra.org 11,075 SF BUILDING FOR SALE CALL FOR OFFERS 5745 Lawton Loop East Drive, Lawrence, IN 46216

HISTORY Preparations for the Fort Benjamin Harrison military post started in 1903 when appropriations were authorized for the purchase of land to become a military reservation near Indianapolis, hometown of the 23rd president of the United States. In 1906 the post was officially named Fort Benjamin Harrison in honor of the former president.

The subject building is located on Lawton Loop Drive, which forms a horseshoe-shape around the parade grounds named after Major General Henry W. Lawton. Much of the property was purchased by various investors who began to redevelop buildings and property for residential, retail, and office use with the help of the FHRA. The FHRA continues to invest in the Fort area with economic incentives to support infrastructure improvements and future development.

BUILDING SUMMARY Building Size: 11,075 square feet Acreage: 0.787 acres Year Built: 1908 Foundation: Concrete Construction: Brick & Wood Walls: Brick Stories: Two (2) including basement Ceiling Height: 8’ & 10’ Dimensions: 58’8’’ x 92’8” Zoning: PUD Building Class: C Property Class: Historic Parcel No.: 4038416 11,075 SF BUILDING FOR SALE CALL FOR OFFERS 5745 Lawton Loop East Drive, Lawrence, IN 46216 Lawrence Village Amenities Map AREA AMENITIES AREA SUMMARY & DEMOGRAPHICS E. 63rd St. 3 MILE RADIUS 5 2 Fall Creek Rd. Est. Population 2016 78,615 52 45 Proj. Population 2021 81,933 53 E. 59th St. 8 23 49 Est. Households 2016 30,388 1 17 24 48 4 12 Lawrence 32 Ave. Household Income $56,967 11 Lee Rd. 39 5 50 38 40 Village 35 10 29 20 12 19 10 13 16 E. 56th St. 5 6 33 18 9 37 5 MILE RADIUS 1 7 1 6 15 8 3 2 9 27 51 Est. Population 2016 189,597 4 47 22 E. Pendleton4 Pike E. 52nd St. 21 Proj. Population 2021 196,959 2 44 German Church Rd. 3 Est. Households 2016 74,332 25 14 N. Franklin Rd. 26 Ave. Household Income $64,659 E. 46th St. 28 7 31 43 11 36 10 MILE RADIUS 30 E. 42nd St. 42 Custom Map Est. Population 2016 628,386 3 N. Post Rd. Proj. Population 2021 663,731 34 41 E. 38th St. Est. Households 2016 251,062 46 Ave. Household Income $74,218

Source: Restaurants Financial U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2016 and 2021. Restaurants Financial 1. Subway 8. Pit Stop Pizza 1. Star Financial Bank 1. Subway2. Marsh 29.28. Papa Pit Stop Murphy’s Pizza 2. PNC1. StarBank Financial Bank 2. Marsh 3. Popeye’s 30.29. Hardee’s Papa Murphy’s 3. Fifth2. PNCThird Bank Bank 3. Popeye’s 30. Hardee’s 3. Fifth Third Bank 4. First Financial Bank 4. Lord Ashley’s4. Lord Pub Ashley’s Pub 31.31. Circle Circle City City Pizza 4. First Financial Bank 5. Garrison5. Garrison 32.32. Starbucks Starbucks 5. Financial5. Financial Center Center Federal Federal Credit Credit Union Union 6. Panera 6.Bread Panera Bread 33.33. Sandra Sandra Rice Rice & Noodles Noodles 6. Old6. National Old National Bank Bank 10 MILES 7. Arby’s 7. Arby’s 34.34. Church’s Church’s ChickenChicken 7. Huntington7. Huntington National National Bank Bank 8. Culver’s8. Restaurant Culver’s Restaurant 35.35. Penn Penn Station Station East Coast Coast Subs Subs 8. Regions8. Regions Bank Bank 9. IHOP Restaurant 36. Bando Restaurant 9. Financial Center Federal Credit Union 9. IHOP Restaurant 36. Bando Restaurant 9. Financial Center Federal Credit Union 10. Jockamo’s 37. Applebee’s 10. Forum Credit Union 11. Porter Books10. Jockamo’s & Bread 37.38. Applebee’s La Hacienda 10. Forum11. Chase Credit Bank Union 11. Porter Books & Bread 38. La Hacienda 11. Chase Bank 12. Fort Ben Pub 39. Marco’s Pizza 12. BMO Harris Bank 5 MILES 13. Rally’s Hamburgers12. Fort Ben Pub 39.40. Marco’s Sherwood Pizza Cafe 12. BMO Harris Bank 14. Ma Ma’s13. Restaurant Rally’s Hamburgers 40.41. Sherwood Gramboli’s CafePizza 15. Dairy Queen14. Ma Ma’s Restaurant 41.42. Gramboli’s Heidelberg PizzaHaus Gift Boutique 16. Bob Evans Restaurant 43. Papa’s Pancake House Lodging 17. Triton Brewery15. Dairy Queen 42.44. Heidelberg Art’s Skillet Haus Gift Boutique Lodging 18. Buffalo16. Wild Bob Wings Evans Restaurant 43.45. Papa’s Kroger Pancake House 1. State Park Inn 19. Cafe Audrey’s17. Triton Brewery 44.46. Art’s Papa Skillet John’s Pizza 1. State Park Inn 2. Ft.2. Harrison Ft. Harrison Golf Golf Resort Resort 3 MILES 20. KFC 18. Buffalo Wild Wings 45.47. Kroger Oasis Jamaican Grill 3. Park3. ParkTerrace Terrace Motel Motel 21. Snafu Saloon19. Cafe Audrey’s 46.48. Papa Donatoe’s John’s Pizza 4. Value Place 22. Orange Leaf 4. Value Place 20. KFC 47.49. Oasis M. Tehampa Jamaican Grill 5. Baymont Inn & Suites 23. Steak ‘n Shake 5. Baymont Inn & Suites 50. Whiskey Business 24. McDonald’s21. Snafu Saloon 48. Donatoe’s 51. Watami Sushi 25. Dairy Queen22. Orange Leaf 49. M. Tehampa 26. Cugino’s23. Pizza Steak ‘n Shake 50.52. Whiskey Wendy’s Business 53. Taco Bell 27. Jimmy 24.John’s McDonald’s 51. Watami Sushi 25. Dairy Queen 52. Wendy’s 26. Cugino’s Pizza 53. Taco Bell 27. Jimmy John’s

June 29, 2016

REDEVELOPMENT AT FORT BENJAMIN HARRISON Following the decommission of the Fort Harrison Army Base in 1991, The Fort Harrison Reuse Authority (FHRA) was formed and subsequently purchased the land from the US Army. The FHRA demolished nearly a million square feet of dilapidated, antiquated buildings while repairing the crumbling infrastructure including underground utilities. A Fort Harrison Reuse Plan was developed to provide the framework and vision for a vibrant community while still maintaining the Fort’s historic integrity. The Fort’s development to date is widely recognized by the military and U.S. cities as a success story for the reuse and redevelopment of a vacated military installation. The Office of the Secretary of Defense awarded the Reuse Authority for Exemplary Work in Base Redevelopment. The Indiana Chapter of the American Planning Association gave the Authority two Hoosier Planning Awards – Honorable Mention for Outstanding Project and Outstanding Plan.

Since the base closure, historic homes have been renovated and occupied, hundreds of high quality new homes have been built, and several condominium and apartment projects have been completed. The Benjamin Harrison YMCA and Ivy Tech have made this their home along with many corporate headquarters such as Bloomerang, Blue Ribbon Transport, InDesign, Midwest Model, Monarch Beverage, Schneider Engineering. In addition, the City of Lawrence offices and the Greater Lawrence Chamber of Commerce have relocated to the Fort. The Indianapolis-Marion County Public Library is scheduled to build a new 25,000 square foot branch facility at the Fort in 2020.

Redevelopment in the Fort Harrison area has also included the addition of significant space for parks and recreation facilities as well as important placemaking elements including green space initiatives for walkability, bicycling, running, and community gatherings. The Fort is also home to the 1,744 acre Fort Harrison State Park offering nature’s best including; walking, hiking, horseback riding and biking trails. The Fort Golf Resort is also located in the State Park and offers a world-class Pete Dye redesigned golf course.

MAJOR AREA ORGANIZATIONS Commissary and Post Exchange – Constructed in 2007, Lawrence YMCA – Opened in 1991, this facility serves this facility is the only full service commissary in the state. over 13,000 members. It includes 2 indoor pools, an outdoor Over 35,000 families from across the state travel to this PX/ family pool and spray park, 2 gymnasiums, a computer lab, Commissary on an annual basis to shop. multiple fitness areas and locker rooms

General Emmett J. Bean Federal Center for the Department of Finance and Accounting (DFAS). – Monarch Beverage – Within a mile from Ft. Benjamin Constructed in1953, this 1.6 million square foot building Harrison, Monarch BeveragesCustom Map has a 547,000 square foot employs approximately 5,000 workers who process payment facility on 93 acres along Pendleton Pike which has brought for all Department of Defense military and civilian personnel, 600 high paying, full benefit jobs to Lawrence. retirees and annuitants, major contractors, and vendors.

Indiana Army Reserve – The newly constructed $48 million 125,597-square-foot training facility houses full and part AVERAGE DAILY TRAFFIC COUNT time Army Reserve employees as well as Marine and Navy units. The 27-acre complex will be used primarily for unit 5745 Lawton Loop East Drive administration, classroom training, vehicle maintenance and storage.

Indiana National Guard – Headquarters for 4 units of the 76th Infantry Brigade, this facility accommodates 85 full-time 7,712 VPD military and civilian employees and 300 part-time employees on the weekends.

Ivy Tech – This location has 61 classrooms & labs and 5 student lounges spanning approximately 254,000 square feet. Enrollment at this location is approximately 7,100 students for 27,392 VPD programs specializing in Healthcare.

June 29, 2016

SITE PLAN 11,075 SF BUILDING FOR SALE CALL FOR OFFERS 5745 Lawton Loop East Drive, Lawrence, IN 46216

TERMS OF SALE Interest Offered: A 100% fee simple interest in 5745 Lawton Loop East Drive, Lawrence, IN (the “Property”). The Property is offered free and clear of any existing mortgage. Property is offered As-Is. Sale Price: The Property is being offered to market-oriented buyers without a listed asking price. Property and Market Tours: Registered prospective buyers are only permitted to visit the Property by appointment. Representatives of the Fort Harrison Reuse Authority will be available to provide a scheduled tour of the Property prior to submittal of proposals to purchase the Property. Due Diligence Period: FHRA will allow buyer to access and inspect the Property and the seller’s records for the Property during a reasonable due diligence period, after the buyer and seller agree on terms. All costs and expenses incurred by the buyer in conducting such inspections will be the responsibility of the buyer. Both parties shall agree to fully cooperate with each other in their respective efforts during the due diligence period. Closing: 30 days from completion of the due diligence period. Payment Terms: The purchase price shall be paid in its entirety in cash at the time of closing the sale. Buyer Interviews: All buyers will be interviewed to ensure that they have the proper background, resources, and interest to acquire, redevelop and manage the Property successfully. Environmental: The latest Phase I Environmental Site Assessment (ESA) was performed in 2014. Based on the findings of this ESA, the assessment revealed no evidence of recognized environmental conditions in connection with the Property. Please note that the Buyer will be responsible for obtaining their own environmental testing. Offer Deadline: All offers must be received no later than 5:00 p.m. EDT on September 1, 2016. Offers received after 5:00 p.m. EDT are at the discretion of FHRA as to whether or not they are considered. The outside should be clearly marked: “OFFER FOR PURCHASE – PX BUILDING” to Freddie Burris, Executive Director, Fort Harrison Reuse Authority, 9120 Otis Ave # 200, Indianapolis, IN 46216. Rejection or Acceptance of Offers: FHRA reserves the right to reject any and all submissions with or without cause. The award of any contract as a result of this Offer shall be at the sole discretion of FHRA.

Offers of purchase shall include the following: Purchase Offer: A proposed acquisition price for the Property along with: • Evidence of the Buyers capacity to finance the purchase and redevelop the Property for your intended use • A full description of any financial incentives, if any, to be requested from the FHRA Purchase Terms: A summary of the purchase terms shall include, but is not limited to proposals for the following: • Due diligence period • Earnest Money Deposit • Contingencies (if any) Redevelopment Description: A summary of the proposed redevelopment for this Property including: • Description of intended use for the building • Description of the planned architectural improvements • Anticipated plan for both vehicle access and parking • Name of the anticipated tenant, if known, and a brief description of their operations • Estimated total cost of redevelopment • Long-term ownership plans for the Property Schedule: A proposed timeframe for the implementation of the redevelopment. The schedule should include time to: • Obtain financing • Complete full civil and architectural construction planning • Secure permits and approvals • Prepare the site, start and complete all phases of construction.