The sixth largest public company in central Indiana, Calumet Specialty Products Partners LP, will be relocating its headquarters from the west side to downtown Indianapolis. The company, known for its wax and oil-based products, will be bringing 200 employees from their current location to the Stutz campus at 1060 N. Capitol Ave.
With the newly signed lease for 52,000 sqft, Calumet Specialty Products will be occupying the fourth floor of buildings three, four, and six of The Stutz campus with an estimated $10 million investment in the lease and furnishing the space. The move is anticipated to take place in October.
New York- based firm SomeraRoad has spent $100 million on The Stutz building since acquiring it in 2021. Future projects from SomeraRoad will include the creation of 270 apartments one block south of the Stutz building.