Capital Center

201 & 251 N Illinois St | Indianapolis, IN

655,000 SF | 17 Stories – North Tower; 22 Stories – South Tower

Capital Center is a two-tower, 655,000 SF Class A office property in downtown Indianapolis, connected by a 250-foot glass atrium. Acquired by Zeller in late 2018, the asset presented a compelling opportunity for repositioning through strategic capital improvements, modern amenity delivery, and the transformation of underutilized common areas.

Zeller undertook a comprehensive renovation effort beginning in 2020, with work spanning across architectural upgrades, infrastructure modernization, and amenity enhancements. The cornerstone of the project was the reinvention of the atrium and outdoor plaza as vibrant, hospitality-driven spaces designed to elevate the tenant experience.

Key Improvements

  • Atrium & Lobby Renovation: The two-story atrium was reimagined as a central social hub featuring an upscale bar with marble and stainless-steel detailing, designer lounge seating in distinct zones, and a dramatic skylight structure offering views of the city and plaza. The adjacent lobby was refreshed with modern tile flooring, warm lighting, and art niches to create a welcoming, upscale entrance.
  • Outdoor Plaza Activation: Zeller replaced the plaza’s waterproof membrane and reconstructed the entire space with new hardscaping, a custom steel-and-wood pergola, a gas fireplace, seasonal landscaping, and shaded seating areas—seamlessly integrating indoor and outdoor tenant use.
  • Amenity Center: A second-floor fitness facility was relocated and upgraded with new equipment, locker rooms, and wellness programming. The adjoining conference center includes two training rooms and an executive boardroom, all with integrated AV and flexible layouts.
  • Base Building Modernization: Upgrades included corridor and restroom remodels, chiller replacements, three roof replacements, a new fire panel and building automation system, elevator modernization (including garage and freight elevators), and installation of over 150 new windows.
  • Spec Suite & Market-Ready Program: Zeller delivered over 99,000 SF of move-in ready office space. This included 64,000 SF of newly cleared, LED-lit market-ready space and 35,000+ SF of fully furnished spec suites, responding to tenant demand for flexibility and speed to occupancy.

Zeller’s renovation of Capital Center repositioned the asset as a trophy-caliber workplace, blending architectural quality, modern amenities, and construction excellence to deliver measurable leasing momentum and long-term value.


Capital Center
Investment Case Study

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Capital Center
Leasing Case Study

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