F.C. Tucker Company, a real estate firm with more than 1,500 sales associates statewide in 40 offices, will relocate its Carmel offices to a building in the soon-to-be constructed Midtown development.
F.C. Tucker will lease 15,000 square feet in the ground floor of the same building as Allied Solution’s new $33 million headquarters, expected to be complete by October 2017.
About 150 real estate associates work in the current Carmel location at 1119 Keystone Way. This relocation will allow for a 30 percent increase in associates.
The Allied building is at the northern edge of the multi-building project led by Old Town Development between Carmel Arts & Design District and the Carmel City Center along the Monon Trail. The current plans call for at least eight buildings, including two parking garages, which would be funded using tax increment financing. In total, the Midtown project is projected to bring more than 700 new workers to the area, according to Carmel Mayor Jim Brainard.
“We embrace the live-work-play concept, where accessibility and connectivity matter to residents of a community,” said Jim Litten, CEO of F.C. Tucker Company. “We chose this location over other typical office spaces because it offers a vibrant sense of place and unique connection with the heart of the city. This is an exciting time for our company, and we look forward to being part of the energy Midtown will bring to Carmel.”
Litten said F.C. Tucker began looking for a large office space about a year and half ago and met with Justin Moffett of Old Town Development. Litten said the new space will accommodate all of Carmel’s current branch operations along with a new mortgage center.
“The move reflects a larger strategy to upgrade and update our offices,” he said.
Moffett said he’s excited about the companies lining up for office space in his project before it is event built.
“It speaks to the fact that companies believe in the vision that Carmel has put forth,” he said. “We are proud to be part of this private-public partnership.”
F.C. Tucker Carmel will occupy approximately three-fourths of the street-level space inside the five-story building.