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Area Development - Site Selection, Facility Planning and Workforce Development

CEDIA Plans Global Headquarters in Fishers, Indiana

06/14/2017
CEDIA, a leading global authority in the home technology industry, plans to build a new global headquarters, just northeast of Indianapolis, in Fishers, Indiana.

According to company officials, CEDIA has signed a purchase agreement for a plot of land in Fishers, with closing scheduled in the coming weeks.

The newly designed facility will be 40,000 square feet total on three floors and is expected to cost $13.7 million dollars. CEDIA plans to occupy 30,000 square feet, which will include staff office space, as well as a world-class training facility, an experience center, and an auditorium, all of which will be available for member use. Ten thousand square feet will be made available for tenants.

Since 2003, CEDIA has leased a space on the northwest side of Indianapolis. The company’s lease is up in October 2017. Early building estimates project that the new CEDIA headquarters will be ready for occupancy in early fall 2018. Until that time, CEDIA negotiated to stay in its current location with a month-to-month lease, according to the company’s blog.

"Building a new headquarters in a desirable, high-growth area gives the CEDIA membership an asset with appreciating value, as well as opportunity for monthly revenue from tenants," said Dennis Erskine, CEDIA Chairman. "We came to this decision only after 18 months of careful consideration of all options, including renovating the current space, finding new lease space, buying an existing structure and finally, building. We had three separate financial firms vet the build-to-suit alternative, and all concluded that real estate in this booming area was a sound investment, and a solid strategy to diversify CEDIA's overall investment portfolio,” he added.

"We are incredibly excited to create a space that reflects CEDIA, we represent the very best in technology and yet we have struggled to accurately represent that in our current headquarters. The new global headquarters will be a space that CEDIA members can not only be proud of, but can utilize for training, client tours, after-hours events, and much more." Said Tabatha O'Connor, CEDIA COO and Acting President & CEO.

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