INDIANAPOLIS, March 27, 2015 /PRNewswire/ -- McNamara Florist, an Indianapolis florist founded in 1954, has acquired a 176,000 square foot industrial property, located on 7.3 acres, at 1853 Ludlow Avenue, in Indianapolis. The site of the florist's new corporate headquarters will undergo extensive, environmentally-friendly renovations, and occupancy is expected in the first half of 2016. The company headquarters currently occupies 58,000 square feet of leased space in Fishers, Ind. McNamara currently employs 120 people and the company will be relocating 70 of those positions to this facility.
McNamara President and CEO Toomie Farris, AAF, AIFD, has been with the company since 1980. He acquired the company in 2007 from Sun Capital.
"We are excited and proud to move back into the heart of Indianapolis, as well as contribute to the revitalization of the near eastside," Farris said. "The City of Indianapolis has been supportive in our efforts to bring this project to fruition. The building has been vacant for several years so renovation and occupancy will bring stability and stimulus to the area."
DTZ Senior Managing Director Bill French and Associate Vice President Grant Lindley represented McNamara in the property transaction. Financing for the acquisition and construction was provided by First Internet Bank and an SBA 504 loan was coordinated by Premier Capital Corporation. April Hensley of Leech Hensley Architects will be the principal architect and Kort Builders will serve as the general contractor. McNamara also received a LISC facade improvement grant, which will be used to improve the exterior appearance of the building.
"Assistance is critical for such a project to become a reality," Farris continued. "We are particularly proud of our relationship with Premier Capital, which helped arrange Small Business Administration supported financing for the 2007 acquisition of McNamara, and now is helping us grow the company by providing counsel on the best financing options for a small local business."
The new Indianapolis location offers a more central point of distribution with easy interstate access and will be ideal for McNamara's daily city-wide delivery service and support to local event venues.
About McNamara Florist
McNamara Florist is a "Lifestyle Brand" that offers a full range of products and services. It was founded in Indianapolis in 1954 and currently operates nine retail stores in Central Indiana and a six acre greenhouse/nursery in Ft. Wayne, Ind. McNamara is consistently ranked in the Top 50 retail florists in the United States and Canada. While the core business focuses on fresh flowers and plants, McNamara also offers an extensive line of home decor and gifts as well as event services, including corporate and social functions and weddings. For more information visit www.mcnamaraflorist.com
DTZ is a global leader in commercial real estate services providing occupiers, tenants and investors around the world with a full spectrum of property solutions. The company's core capabilities include agency leasing, tenant representation, corporate and global occupier services, property management, facilities management, facilities services, capital markets, investment and asset management, valuation, research, consulting, and project and development management. DTZ provides property management for 1.9 billion square feet, or 171 million square meters, and facilities management for 1.3 billion square feet, or 124 million square meters. The company completed $63 billion in transaction volume globally in 2014 on behalf of institutional, corporate, government and private clients. Headquartered in Chicago, DTZ has more than 28,000 employees who operate across more than 260 offices in 50 countries and represent the company's culture of excellence, client advocacy, integrity and collaboration. For further information, visit: www.dtz.com or follow us on Twitter @DTZ.
About Premier Capital Corporation
Premier Capital Corporation is a leading not-for-profit company, serving the state of Indiana with a mission to create jobs by providing real estate and equipment financing with lenders via the U.S. Small Business Administration's SBA 504 loan program. Since Premier Capital's inception in 1976, it has approved over 1000 SBA loans totaling more than $350 million, resulting in more than 10,000 jobs retained or created statewide. Premier Capital also earned recognition as the #1 SBA 504 lender in the state of Indiana for the last three years. Its web address is www.504partner.com
SOURCE Premier Capital Corporation