What Lakefront at Keystone does

Lakefront at Keystone is a Class A commercial office park located in the Keystone submarket of Indianapolis, Indiana, comprising 14 office buildings spread across a 38-acre campus built around a 38-acre lake with a 0.93-mile walking/fitness trail. The property is managed by Jones Lang LaSalle (JLL), a NYSE-listed global commercial real estate services firm, with a small on-site team of approximately five to eight people handling property administration, accounting, property management, general management, and leasing (via three JLL leasing agents). Its core offering is multi-tenant office space for lease, with suite sizes ranging from approximately 1,260 sf to over 75,000 RSF; the asset mix also includes two buildings (Lakefront 12 and Lakefront 14) and two land parcels (6.06-acre hotel site and 0.97-acre parcel) currently marketed for sale.

The property's value proposition centers on an extensive on-site amenity ecosystem anchored by The Anchor, which houses a conference/training room, board room, tenant lounge, fitness center, and Labor District Cafe, supplemented by multiple outdoor amenities (The Harbor floating lounge, The Landing firepit area, The Shore with kayak rentals and pickleball, The Boardwalk sports court, putting green) and on-site childcare via KinderCare Learning Center. Technology deployment is limited to third-party platforms: Matterport and Vimeo virtual tours of suites and amenities, and a ThingLink interactive campus map. There is no proprietary technology stack, no API, no mobile application, and no AI/ML capabilities disclosed.

The business model combines recurring rental income from office leases and amenity fees (e.g., $150 half-day / $300 full-day for the conference room, $150 annual fitness membership, $195-$270/day for the Indiana Wesleyan facility), with one-time revenue from the sale of buildings and land parcels. Distribution runs entirely through JLL's commercial real estate brokerage platform (leasing and investment sales) and the on-site management office. The customer base consists of commercial office tenants of varying sizes (no named logos disclosed) plus commercial real estate investors for the sale parcels. The property won the 2025 BOMA Indianapolis TOBY Award at both Local and Regional levels for Suburban Office Park - Low Rise. No financial metrics (revenue, occupancy, rent PSF, NOI) are publicly disclosed.

Name

Lakefront at Keystone

Legal name

Lakefront at Keystone

Website

https://lakefrontatkeystone.com

Company type

Private

Operating status

Operating

Short description

Lakefront at Keystone is a 14-building Class A commercial office park on a 38-acre campus in Indianapolis, managed by Jones Lang LaSalle, offering office leases, amenity services, and select buildings and land for sale.

Ownership category

akta.pro rank

Headquarters

HQ city

Indianapolis

HQ country

United States

HQ region

North America

Offices12 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Marketing or Sales, Infrastructure

Revenue model

1. Office Space Leasing: Commercial office space rental income from multiple buildings (Lakefront 1-14) with various suite sizes available. Properties offered as fully leased or available for lease with different square footage options.
2. Property Sales: Sale of commercial buildings (Lakefront 12, Lakefront 14) and land parcels (6.06 acres hotel site, 0.97 acres land site) within the campus
3. Amenity Services: Rental revenue from conference facilities, tenant lounge, and fitness center. Includes hourly/daily rental fees for meeting spaces and annual fitness center memberships.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

Lakefront at Keystone is a 14-building, 38-acre Class A suburban office park in Indianapolis that leases commercial office space in various suite sizes to business tenants. The offering is complemented by The Anchor amenity center (conference/training rooms, tenant lounge, fitness center, Labor District Cafe) and outdoor amenities around a 38-acre lake. The property also offers select buildings and land parcels for sale through JLL's investment sales team.

Product overview

Lakefront at Keystone is a multi-building office park comprising 14 office buildings (Lakefront 1 through Lakefront 14) located in Indianapolis, IN. The core offering is commercial office space for lease, supplemented by The Anchor amenity center which serves as the central hub for tenant services. The Anchor houses conference/training facilities, a tenant lounge, fitness center, and Labor District Cafe. Additional amenities include outdoor spaces (The Harbor, The Landing, The Shore, The Boardwalk), a fitness center with personal training, walking trails around a 38-acre lake, childcare services via KinderCare, micro market vending, and various conference facilities across multiple buildings. The property also includes land and buildings available for sale.

Differentiator

Problem solved

Functional benefit

Products and services

• Lakefront Office Buildings (1-14) - Office Space for Lease Multi-building office park comprising 14 office buildings (Lakefront 1 through Lakefront 14) offering various suite sizes for lease, with virtual tours and floor plans available for many spaces. Targets businesses ranging from small professional firms to larger corporate entities seeking Class A office space in the Keystone/Carmel submarket of Indianapolis.
• The Anchor (Amenity Center) Central amenity center at Lakefront at Keystone housing the conference/training room, board room, tenant lounge, fitness center, and Labor District Cafe. Available to tenants and serves as the primary hub for tenant services and amenities.
• The Anchor Conference/Training Room Conference and training space with capacity for up to 40 people, featuring WiFi, projector/digital display, and flexible room arrangements. Rental: $150 half-day, $300 full-day.
• The Anchor Board Room Board room with capacity for up to 12 people, featuring WiFi, projector/digital display, and phone available for remote meetings.
• The Anchor - Tenant Lounge Tenant lounge featuring various seating areas, pool table, shuffleboard, flat screen TV, live green walls, and cafe with bar and booth seating. Rental: $250 half-day, $500 full-day.
• Fitness Center - The Anchor Fully equipped fitness center with state-of-the-art machines, fitness trainers, group classes, personal training, and shower/locker facilities. Annual fee: $150.
• Indiana Wesleyan Building Conference Facility Conference facility with capacity from 30 to 150 guests, offering flexible room arrangements including study rooms, breakout rooms, executive board room, computer lab, and classrooms. Rates: $195-$270/day.
• Lakefront 11 Conference Facility Exclusive tenant conference room on the first floor of Lakefront 11 (Suite 118) with capacity for up to 50 guests, divisible in half, with projector/digital display and wireless internet.
• Labor District Cafe On-site cafe at The Anchor offering breakfast and lunch options, dine-in, carry out, and online ordering. Catering available through Vontra Catering.
• Commercial Buildings and Land Parcels for Sale Sale of commercial buildings (Lakefront 12: 65,417 RSF; Lakefront 14: 75,024 RSF available as part of a package) and land parcels (6.06 acres hotel site, 0.97 acres land site) within the campus. Land parcels have premium interstate visibility to more than 130,000 vehicles per day. Offered through JLL's investment sales platform.

Quantifiable outcome

• Premium interstate visibility exceeding 130,000 vehicles per day for land parcels

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Four partnerships are on record, tiered minor and core.

• RidyminorOthersRidy provides bike and electric scooter sharing services at The Boardwalk near the sports court with additional locations throughout the park. This partnership enhances tenant transportation options within the campus.
• KinderCare Learning CentercoreOthersKinderCare Learning Center is conveniently located within the Lakefront at Keystone park, offering childcare services for tenants' employees. Provides before/after school programs for ages 6 weeks to 12 years. NAEYC accredited.
• Vontra CateringminorGTM or Marketing PartnerVontra Catering provides catering services for events and meetings at The Anchor and in tenant office suites. Serves the on-site food and beverage needs of tenants and property events.
• Jones Lang LaSalle (JLL)coreImplementation/ SI/ Consulting PartnerJones Lang LaSalle (JLL) is the global commercial real estate services firm managing the Lakefront at Keystone property. JLL handles property management, leasing, and marketing for the campus. The property website and branding reference JLL throughout.

Scale indicators4 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• Piedmont Office Realty Trust: Suburban office REIT (NYSE: PDM) operating Class A office properties primarily in Sunbelt markets. Directly comparable model of owning/operating amenitized suburban office buildings and competing for similar corporate tenants.
• Office Properties Income Trust: Publicly traded REIT (NASDAQ: OPIT) holding a portfolio of suburban and urban office properties leased to single tenants and governments. Directly comparable in suburban office operating model and tenant mix to Lakefront at Keystone.
• Brandywine Realty Trust: Publicly traded suburban office REIT operating Class A office parks in Philadelphia and Austin markets with similar amenitized campus environments and tenant base to Lakefront at Keystone. Directly comparable suburban low-rise office operating model.
• Highwoods Properties: Suburban/Sunbelt office REIT (NYSE: HIW) operating Class A office parks with amenitized campuses across Atlanta, Raleigh, Nashville, Tampa, and other markets. Closest publicly traded peer by business model - suburban office parks with shared amenities and similar tenant segments.
• Duke Realty: Indianapolis-headquartered REIT (formerly NYSE: DRE, now part of Prologis) that historically operated a major suburban office portfolio in Indianapolis and nationally. The most direct Indianapolis-based historical peer with knowledge of the Keystone/Carmel office submarket.
• Cousins Properties: Sunbelt-focused office REIT (NYSE: CUZ) operating trophy Class A office properties including suburban office campuses. Comparable asset strategy emphasizing amenitized workplaces and Class A specifications for corporate tenants.
• PS Business Parks: Former publicly traded suburban office/flex REIT (taken private by Blackstone in 2022) that operated multi-building suburban office park campuses. Closest historical peer by multi-building suburban office park model and tenant base.

Broad incumbents

• CBRE Group: Largest global commercial real estate services firm (NYSE: CBRE) that competes with JLL in property management, leasing, and investment sales for suburban office assets like Lakefront at Keystone. Operates across the broader CRE services value chain.
• Cushman & Wakefield: Global CRE services firm (NYSE: CWK) competing directly with JLL for property management and leasing assignments of suburban office parks. Comparable service offering and tenant-base coverage to Lakefront's management structure.
• Colliers International: Global CRE services firm (NASDAQ: CIGI) providing property management, leasing, and investment sales for suburban office assets. Competes with JLL for management mandates of multi-building office campuses like Lakefront at Keystone.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Lakefront at Keystone