SCHERERVILLE | A new owner recently completed an extensive renovation of the Crossings of Schererville office building.
LM Value Investors LLC overhauled the prominent 115,443-square-foot office tower at the southwest corner of U.S. 30 and Indianapolis Boulevard. The company, which is a division of the Chicago area development and construction firm Lagestee Mulder Inc., renovated both the inside and outside of the building after buying it out of foreclosure in December 2012.
Occupancy has shot up while LM Value Investors has modernized the office's mechanical system and added new aesthetic features, including a glass atrium that connects two four-story office sections. The office had been about 59 percent full at the beginning of the project, and now it is 90 percent occupied.
"These renovations have brought new life to this premier building in one of Schererville's most active business corridors," said Don Price, senior vice president with Lagestee Mulder Inc. "The success of the project illustrates the strength of the Northwest Indiana market and its ability to continue to attract businesses."
The building's lobby, atrium and main entrance received significant upgrades. The roof was replaced.
New carpeting, art and lighting were added inside to create a more cohesive look between the two office sections, since one was built in the 1970s and the other was construction in the 1980s.
Amenities were added, including a gym with locker rooms and a completely renovated conference center.
New marquee signs will be installed along both U.S. 30 and Indianapolis Boulevard this summer.
The improvements have helped lure more tenants. Tenants that recently moved in or expanded include O'Neill McFadden & Willett LLP, Clifton-Larson-Allen LLP, Honeywell, Core Construction, Knight Hoppe, Help at Home Inc. and Northwest Indiana Immediate Care.