KAR Auction Services, Inc. will develop a new corporate headquarters and campus in Carmel, Ind. The 13-acre site will host a new, 250,000 square-foot office building featuring an open floorplan and collaborative workspaces, the remarketing company announced.
Nearly 1,600 of KAR’s 17,400 employees are located in Indiana, and the new location provides space for an additional 400 jobs.
Construction on the new campus is scheduled to break ground in early 2018 with a target move-in date in the second half of 2019.
KAR has made central Indiana home for nearly 30 years and currently has 10 auction and office locations in Carmel, Fort Wayne, Indianapolis, Plainfield, and South Bend. Over the past five years, the company has expanded operations to more than 300 locations in the U.S., Canada, Mexico, and the United Kingdom and added more than 5,000 jobs, including 700 in Indiana.
KAR is expanding its Indiana footprint and planning for future global growth with the $80 million project. KAR's new headquarters and campus will house the company's innovation, technology, and data as a service divisions and serve as the U.S. headquarters for TradeRev, KAR's mobile app-based auction subsidiary.
The new corporate offices will be located two miles south of KAR's current headquarters, reaffirming the company’s longstanding commitment to Carmel and central Indiana. The campus will feature a three-season outdoor courtyard, and will incorporate design ideas from KAR employees across the globe.
The development team assisting KAR with this project includes CBRE Group LLC, Ginovus LLC, Ice Miller, PURE Development, RATIO Architects, Shiel Sexton, and US Realty.