Mass.

Ave.

North St.

N. N

ew J

erse

y S

t.

E. Michigan St.

Old National Centre

The Rathskeller

PENROSE ON MASS PROJECT

The new Penrose on Mass project offers retailers and restaurants,

looking to expand in downtown Indianapolis, a unique opportunity

that they rarely find in an urban setting: new, contemporary

construction; plenty of on-site parking and a strong residential

component all in a commercial-friendly environment.

The newly-approved, $50-million, mixed-use Penrose on Mass

project in downtown Indianapolis will include 4-stories (236

apartment units) by developer JC Hart, and 37,000 square feet of

retail on the first floor to be developed by Strongbox, led by Paul

Kite.

To locate the creative pulse of

Indianapolis, you have to go to

Mass Ave. It’s a hotbed of theater,

arts, unique restaurants, retail

shops and new residential growth.

Mass Avenue By The Numbers (Three-Mile Radius):

9,013 Businesses

204,744 Employees

106,011 Population

44,829 Households

Beth PattersonPrincipal & Director of Retail ServicesDirect 317.663.6558Mobile 317.514.8454beth.patterson@rcre.com

RESOURCE Commercial Real Estate9339 Priority Way West Drive Suite 120Indianapolis, IN 46240

37,000 SF RETAIL IN A MIXED USE DEVELOPMENTFOR LEASE // MIXED USE500 Massachusetts Avenue // Indianapolis, IN 46204

RCRE.com

37,000 SF RETAIL IN A MIXED USE DEVELOPMENT

RCRE.com

DN

4434 SF

Suite 1100

1615 SF

Suite 1000

1446 SF

Suite 900

2853 SF

Suite 800

6981 SF

Suite 100

6997 SF

Suite 200

3857 SF

Suite 300

4065 SF

Suite 500

2248 SF

Suite 700

3233 SF

Suite 600

413 SF

Shared Corridor

26' -

1 1

/4"

48' - 2 3/8"

119' -

7 7

/8"

44' - 6 7/8"

135' -

0 1

/8"

84' -

8 5

/8"

48' - 8"

82' - 1 1

/8"

47' -

9 3

/8"

27' -

8"

35' -

8 1

/8"

24' -

0"

43' -

7 1

/2"

47' - 8

"

15' - 4 5

/8"

63' - 6 1/2"48' - 3 1/8"

81' - 1 1

/8"

62' -

7 1

/2"

56' -

10 3

/4"

69' -

11 5

/8"

MASS A

VE

NORTH STREETN

EW

JE

RS

EY

ST

.

32' - 6 1

/2"

23' - 0 5

/8"

57' -

9 1

/8"

21' - 1

0 7

/8"

64' - 2 3

/8"

Beth PattersonPrincipal & Director of Retail ServicesDirect 317.663.6558Mobile 317.514.8454beth.patterson@rcre.com

500 Massachusetts Ave. // Indianapolis, IN 46204

+ 37,000 square feet of retail on the first floor

+ Located in the heart of Mass. Avenue

+ Construction to begin Summer 2016, with delivery in Q2 2018

+ Mix of brick, stone and metal paneling along Mass Ave.

+ 236 apartment units

PROPERTY FEATURES+ Signature architecture and LEED certification

+ 20’ clear ceiling heights allowing for mezzanines

+ Outdoor patio capability

+ Rear covered delivery

+ 62 new street level and 215 garage parking spaces available for retail use

Suite 12001,000 SF

RCRE.com

EskenaziHealth

RileyHospital for

Children

IU Health University Hospital

IUPUI Campus

Indy Eleven Field

Indiana State

Museum

NCAA Hall of Champions

EiteljorgMuseum

Victory Field

Lucas Oil

Indianapolis Zoo

Indianapolis Convention

Center

Indianapolis City Market

Hilbert Circle

Theatre

Indiana State House

Central Library

Bankers Life Fieldhouse

Eli Lilly Corp. Center

Circle Center Mall

AmericanLegion

Scottish Rite Cathedral

Frank & Katrina Basile

Theater

MuratTheatre

PhoenixTheatre

Theatreon the Square

AthenaeumTheatre,

Biergarten,Restaurant &

YMCA

SITE

White River Park

Beth PattersonPrincipal & Director of Retail ServicesDirect 317.663.6558Mobile 317.514.8454beth.patterson@rcre.com

37,000 SF RETAIL IN A MIXED USE DEVELOPMENT

+ Most retailers and restaurants in downtown and along Mass Avenue report higher than average sales, which is a strong indicator to other retailers that Indianapolis is a market in which to grow.

+ There are 7,400 hotel rooms in the downtown Indianapolis area with 4,800 of them connected through enclosed walkways and another 300 slated to open by 2018.

+ The Indianapolis Convention Center, comprised of 1,300,000 SF and other convention venues host 588 events each year, bringing in $2 Billion annually.

+ In the 2014 Downtown Indy Developers Survey Data, 36 percent of the residents analyzed who are moving into Downtown were doing so from outside of Indiana. An additional 27 percent were moving Downtown from within the state, but new to Marion County.

+ These new Downtown residents have an average household income of $90,807.

+ In the Pipeline - When looking ahead, Indianapolis has over 73 new projects in the pipeline, totaling 648 hotel rooms and 4,376 residential units for a total investment of $2.9 billion by 2020.

ABOUT DOWNTOWN INDIANAPOLIS

Known affectionately as Mass Ave, this

five-block area is ripe with theaters,

restaurants, art galleries and, most

attractively for shoppers, a number

of eclectic, independent boutiques.

Visitors encounter unique finds on each

block, from Stout’s Shoes (the nation’s

oldest shoe store, established in 1886),

to Silver In The City/At Home In The

City to The Best Chocolate In Town.

Another attraction is the Athenaeum where patrons enjoy German

lager in the historic Rathskeller Biergarten, try local craft beers at

Ralston’s Drafthouse, or sip a cocktail at the prohibition-era ball &

biscuit. Foodies can indulge on American-modern cuisine at Mesh,

or take down a platter of tacos at Bakersfield. Indy culture at its

finest on Mass Ave: “45 Degrees from Ordinary.”

- From www.visitindy.com

Area RestaurantsBakersfieldBall & BiscuitBARcelona Tapas Restaurant

BazbeauxBlack MarketBroken Beaker Distillery

BRU Burger BarChatham TapThe EagleFat Dan’sThe Flying CupcakeForty Five DegreesFresco Italian Sandwich Shoppe

Goodfellas PizzeriaHoaglin To-Go Café

India GardenLiveryLouie’s Wine Dive & Mass Avenue Kitchen

MacNiven’sMass Ave Pub Liberty Street

MeshMimi Blue MeatballsNine Irish BrothersOld Point TavernRalston’sThe RathskellerRooster’s KitchenSALT on MassSub Zero Ice Cream & Yogurt

The TapTini

ThaitaniumUnion 50

RetailArts A PoppinBoomerang BoutiqueChatham HomeCity Dogs GroceryCrimson TateGlobal GiftsMass Ave WineNewfangled ConfectionsNurtureSage BoutiqueSilver in the CityStout’s ShoesThree Dog BakeryWatt’s Blooming

Art GalleriesArt BankBarry Franklin GalleryThe Frame Shop

EntertainmentChatterbox Jazz ClubComedySportz Indianapolis

IndyFringeKingmakersMurat TheatrePhoenix TheatreTheatre on the Square

ATTRACTIONS

MASS AVE

Beth PattersonMobile 317.514.8454beth.patterson@rcre.com

The information contained herein was obtained from sources we consider reliable. We cannot be responsible for errors, omissions, prior sale or lease, withdrawal from the market or change in price. Seller and broker make no representation as to the environmental condition of the property and recommend the lessee’s/purchaser’s independent investigation.

RESOURCE Commercial Real Estate9339 Priority Way West Drive Suite 120Indianapolis, IN 46240RCRE.com

CONTACT

Beth PattersonPrincipal & Director of Retail ServicesDirect 317.663.6558Mobile 317.514.8454beth.patterson@rcre.com

RCRE.com

PENROSE ON MASS

Delaware Street New York

Street

Mass A

ve

Black MarketMimi Blue MeatballsRooster’s Kitchen

Old National CenterThe Rathskeller

Sub Zero Ice Cream & YogurtOld Point TavernChatterbox Jazz ClubThe Flying Cupcake Bakery

BruBurgerStarbucks

Bakersfield

Louie’s Wine Dive & Mass Ave KitchenMacNiven’s Bazbeaux PizzaBall & Biscuit

The Eagle

Stout’sShoes

Marsh SupermarketFresco

SALT on MassGoodfellas Pizzeria

Millikan on Mass

Indianapolis Cultural Trail

MeshForty Five DegreesChatham TapMass Avenue PubTiniThaitaniumLivery

Liberty StreetBroken Beaker DistilleryRalston’s Draft HouseOutliers Brewing Co.

Union 50

Nine Irish Brothers

Attractions Restaurants/Retail