Square Deal focuses on Class A office high-rise investments. The firm is the asset management and investment allocation arm of Square Deal Capital, Inc. Other tenants include the law firm Bose McKinney & Evans LLP the Indy Chamber Chase Bank and the restaurant Yolk. Hunter said the building, formerly branded Chase Tower, went up for sale in March 2020. Hertz purchased Salesforce Tower for approximately $162 million in 2016, according to Marion County assessor records. "While we don't have a target date when Salesforce Tower Indianapolis will start to reopen, we're looking forward to welcoming our employees back, when the time is right," the company said in a statement. Salesforce, in a statement provided through a spokesman, said it is committed to long-term growth in Indianapolis, where it currently has more than 2,100 employees. Salesforce, a San Francisco-based software company, will continue to occupy the high rise as a tenant, said Claire Hunter, a spokeswoman for Square Deal. The tower will retain the company's name. Stretching 48 floors, Salesforce Tower at 111 Monument Circle is the tallest skyscraper in Indiana. “Expanding our footprint in Indianapolis has been our firm’s priority for several years, so we are thrilled and honored to acquire the city’s trophy asset and are fortunate to have this rare opportunity," Andy Ridley, Square Deal's director of asset management of commercial real estate, said in a news release. The company's portfolio also includes Market Tower at the corner of Illinois and Market streets. The tower is the second office building Square Deal owns in the middle of Indiana's capital. Salesforce Tower Indianapolis Grand Opening. Square Deal Investment Management acquired the downtown landmark from California-based Hertz Investment Group. These are the submitted rendering to the city, they are not final and subject to further approvals.Watch Video: Salesforce unveils its Ohana Floor in IndyĪn Oklahoma-based investment firm has purchased Salesforce Tower for $192.5 million in a deal announced Friday. “With access to top local talent, we plan to further invest in Indiana and add 800 new jobs by 2021, making Salesforce Tower Indianapolis an amazing workplace for our employees and a hub where all are welcome.” “As the world’s fastest growing top 5 enterprise software company and one of the largest tech employers in Indiana, Salesforce is thrilled for the upcoming opening of Salesforce Tower Indianapolis,” said Bob Stutz, CEO Marketing Cloud and Chief Analytics Officer. Opening in 1990, it surpassed the AUL Tower in Indianapolis for the distinction. Learn more Salesforce Tower London Located on the 36th floor at 110 Bishopsgate, our London ‘Ohana Floor can accommodate up to 175 guests. – Salesforce has released the first renderings of what the new Salesforce Tower will look like downtown.Īccording to a spokesperson, the company is planning the first move of employees in the coming months and are still working with the city on timing for the signage. Salesforce Tower is the tallest building in the U.S. Salesforce Tower Indianapolis Located on the 47th floor at 1 East Ohio Street, our Indianapolis ‘Ohana Floor can accommodate up to 300 guests. Please look at the time stamp on the story to see when it was last updated. This is an archived article and the information in the article may be outdated.
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