Emmis Seeks Buyer for 40 Monument Circle in Indianapolis

RADIO ONLINE | Tuesday, September 12, 2023

Emmis Corporation

Emmis Corporation taps commercial real estate firm Cushman & Wakefield to market its corporate headquarters at 40 Monument Circle. The seven-story, 140,000-square-foot building is located in the epicenter of Downtown Indianapolis. The property offers a contiguous block of 100,000 square feet of Class A office space. A sale would not immediately impact the building's current tenants, Star Bank and Urban One.

"Monument Circle has been Emmis' home since 1998, and I'm proud of what we built, and the people who helped build it," said Emmis Chairman and Founder Jeff Smulyan. "As we divested assets, including our local radio stations, we weighed what to do with the building and ultimately decided that it made sense to look for a new owner. We selected Cushman & Wakefield to help us explore that opportunity. When we relocate, Emmis will remain in Indianapolis. It is our home and will always be our home."

Cushman & Wakefield's Rebecca Wells will lead efforts with support from John Crisp and Spud Dick to identify a buyer for the Downtown Indianapolis landmark.