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Highlights

  • Direct U.S. 31 access via Old Meridian roundabout for easy regional connectivity.
  • Complimentary parking garage with 776 total spaces providing a 5.54/1,000 SF ratio.
  • Immediate proximity to 70+ retail and dining destinations at Clay Terrace and downtown Carmel.
  • Remodel features a tenant-exclusive lounge and high-tech conference center.
  • Prominent exterior signage opportunities for enhanced branding visibility.

All Available Spaces(5)

Display Rental Rate as

  • Space
  • Size
  • Term
  • Rental Rate
  • Space Use
  • Build-Out
  • Available
  • 1st Floor, Ste 155
  • 3,832 SF
  • Negotiable
  • $24.50 /SF/YR $2.04 /SF/MO $93,884 /YR $7,824 /MO
  • Office
  • Full Build-Out
  • Now

3,832 square feet of office space available for lease.

  • Rate includes utilities, building services and property expenses
  • Office intensive layout
  • Fully Built-Out as Standard Office
  • 2nd Floor, Ste 250
  • 22,809 SF
  • Negotiable
  • $24.50 /SF/YR $2.04 /SF/MO $558,821 /YR $46,568 /MO
  • Office
  • Full Build-Out
  • Now

22,809 square feet of office space available for lease.

  • Rate includes utilities, building services and property expenses
  • Office intensive layout
  • Fully Built-Out as Standard Office
  • 2nd Floor, Ste 275A
  • 4,169 SF
  • Negotiable
  • $24.50 /SF/YR $2.04 /SF/MO $102,141 /YR $8,512 /MO
  • Office
  • -
  • May 01, 2027

4,169 square feet of office space available for lease.

  • Rate includes utilities, building services and property expenses
  • Can be combined with additional space(s) for up to 12,673 SF of adjacent space
  • 2nd Floor, Ste 275B
  • 8,504 SF
  • Negotiable
  • $24.50 /SF/YR $2.04 /SF/MO $208,348 /YR $17,362 /MO
  • Office
  • -
  • May 01, 2027

8,504 square feet of office space available for lease.

  • Rate includes utilities, building services and property expenses
  • Can be combined with additional space(s) for up to 12,673 SF of adjacent space
  • 3rd Floor, Ste 350A
  • 17,909 SF
  • Negotiable
  • $24.50 /SF/YR $2.04 /SF/MO $438,771 /YR $36,564 /MO
  • Office
  • -
  • Now
  • Rate includes utilities, building services and property expenses
Space Size Term Rental Rate Space Use Build-Out Available
1st Floor, Ste 155 3,832 SF Negotiable $24.50 /SF/YR $2.04 /SF/MO $93,884 /YR $7,824 /MO Office Full Build-Out Now
2nd Floor, Ste 250 22,809 SF Negotiable $24.50 /SF/YR $2.04 /SF/MO $558,821 /YR $46,568 /MO Office Full Build-Out Now
2nd Floor, Ste 275A 4,169 SF Negotiable $24.50 /SF/YR $2.04 /SF/MO $102,141 /YR $8,512 /MO Office - May 01, 2027
2nd Floor, Ste 275B 8,504 SF Negotiable $24.50 /SF/YR $2.04 /SF/MO $208,348 /YR $17,362 /MO Office - May 01, 2027
3rd Floor, Ste 350A 17,909 SF Negotiable $24.50 /SF/YR $2.04 /SF/MO $438,771 /YR $36,564 /MO Office - Now

1st Floor, Ste 155

Size
3,832 SF
Term
Negotiable
Rental Rate
$24.50 /SF/YR $2.04 /SF/MO $93,884 /YR $7,824 /MO
Space Use
Office
Build-Out
Full Build-Out
Available
Now

2nd Floor, Ste 250

Size
22,809 SF
Term
Negotiable
Rental Rate
$24.50 /SF/YR $2.04 /SF/MO $558,821 /YR $46,568 /MO
Space Use
Office
Build-Out
Full Build-Out
Available
Now

2nd Floor, Ste 275A

Size
4,169 SF
Term
Negotiable
Rental Rate
$24.50 /SF/YR $2.04 /SF/MO $102,141 /YR $8,512 /MO
Space Use
Office
Build-Out
-
Available
May 01, 2027

2nd Floor, Ste 275B

Size
8,504 SF
Term
Negotiable
Rental Rate
$24.50 /SF/YR $2.04 /SF/MO $208,348 /YR $17,362 /MO
Space Use
Office
Build-Out
-
Available
May 01, 2027

3rd Floor, Ste 350A

Size
17,909 SF
Term
Negotiable
Rental Rate
$24.50 /SF/YR $2.04 /SF/MO $438,771 /YR $36,564 /MO
Space Use
Office
Build-Out
-
Available
Now

1st Floor, Ste 155

Size 3,832 SF
Term Negotiable
Rental Rate $24.50 /SF/YR
Space Use Office
Build-Out Full Build-Out
Available Now

3,832 square feet of office space available for lease.

  • Rate includes utilities, building services and property expenses
  • Fully Built-Out as Standard Office
  • Office intensive layout

2nd Floor, Ste 250

Size 22,809 SF
Term Negotiable
Rental Rate $24.50 /SF/YR
Space Use Office
Build-Out Full Build-Out
Available Now

22,809 square feet of office space available for lease.

  • Rate includes utilities, building services and property expenses
  • Fully Built-Out as Standard Office
  • Office intensive layout

2nd Floor, Ste 275A

Size 4,169 SF
Term Negotiable
Rental Rate $24.50 /SF/YR
Space Use Office
Build-Out -
Available May 01, 2027

4,169 square feet of office space available for lease.

  • Rate includes utilities, building services and property expenses
  • Can be combined with additional space(s) for up to 12,673 SF of adjacent space

2nd Floor, Ste 275B

Size 8,504 SF
Term Negotiable
Rental Rate $24.50 /SF/YR
Space Use Office
Build-Out -
Available May 01, 2027

8,504 square feet of office space available for lease.

  • Rate includes utilities, building services and property expenses
  • Can be combined with additional space(s) for up to 12,673 SF of adjacent space

3rd Floor, Ste 350A

Size 17,909 SF
Term Negotiable
Rental Rate $24.50 /SF/YR
Space Use Office
Build-Out -
Available Now

  • Rate includes utilities, building services and property expenses

Property Overview

City Center @ Penn offers a premier office leasing opportunity in the thriving business hub of Carmel, Indiana. Featuring 46,000 SF floorplates with multiple configurations from 3,832 SF to 22,809 SF, the building is designed for flexibility and efficiency. A key advantage is the property’s direct access to U.S. 31 via the Old Meridian roundabout, linking tenants seamlessly to Indianapolis and surrounding communities. This recently revitalized asset introduces superior tenant amenities including a modern lounge, fully equipped conference center, gaming area, and refreshment options designed to enhance productivity and comfort. The property also provides a free parking garage and generous parking ratios with over 770 combined spaces for convenience and accessibility. Located in a dynamic mixed-use environment, City Center @ Penn places tenants within steps of 70+ retail, dining, and service establishments at Clay Terrace and downtown Carmel. The combination of high connectivity, abundant tenant-focused amenities, and nearby business services makes this address a compelling choice for organizations seeking a corporate headquarters or regional office presence in a growing Indianapolis suburb.

  • Controlled Access
  • Signage
  • Energy Star Labeled
  • Air Conditioning

Property Facts

Building Type
Office
Year Built
2007
LoopNet Rating
4 Star
Building Height
3 Stories
Building Size
138,642 SF
Building Class
A
Typical Floor Size
46,214 SF
Unfinished Ceiling Height
10’
Column Spacing
30’ x 40’
Parking
502 Surface Parking Spaces
268 Covered Parking Spaces

Select Tenants

  • Floor
  • Tenant Name
  • Industry
  • 3rd
  • Baker Hill
  • Retailer
  • 1st
  • Belden, Inc.
  • Manufacturing
Fairly walkable
50/100
Exceptionally drivable
90/100
Moderately bikeable
60/100
  • Listing ID: 22329378

  • Date on Market: 4/16/2026

  • Last Updated:

  • Address: 1320 City Center Dr, Carmel, IN 46032

Contact the Leasing Agent

Bldg 2 | 1320 City Center Dr

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