About The Building
Noblesville Premium Properties buys KeyBank building, plans for office suites
Noblesville-based Noblesville Premium Properties purchased the 20,000-square-foot building at 110 which previously held KeyBank. KeyBank moved out of the building in June.
Noblesville Premium Properties President Darren Ratcliffe said the company plans to turn the building into office suites. He said the location and the building façade inspired Noblesville Premium Properties to purchase the building.
It’s a gorgeous building on the outside with the limestone. Inside, we are modernizing it,” said Ratcliffe, a Noblesville resident. “Obviously, the location is a huge factor. It’s a good-sized building in a great location. It’s a gorgeous building outside, and we are going to make it a gorgeous building inside.
Ratcliffe said the company wasn’t targeting certain tenants, and he expects there to be a variety.
“A lot of (the building) is divided into offices, and there are a lot of open areas that could be subdivided into offices or cubicles,” Ratcliffe said. “We are going to be finishing off the flooring and walls and modernizing it – putting tile and lighting in and updating it. We may lease it to one large tenant, or it could be subdivided into three or four tenants.”
Ratcliffe said it’s possible the building could hold 25 to 30 individual tenants, but he doubts that’ll happen. “My guess is it’ll have some attorneys and insurance people and consulting people,” he said.
Noblesville Premium Properties owns several other buildings in downtown Noblesville, including buildings at 50 N. Ninth St., 54 N. Ninth St., 920 Logan St., 940 Logan St. and 957 Logan St, which is the Logan Village Mall. The company also owns a half block of parking on the north side of the KeyBank building.
Ratcliffe expects the building won’t be ready for tenants until next spring. “I think city is excited it was bought by a local company and not someone out of New York City or something like that,” Ratcliffe said. “It’s going to be a gorgeous, modern, downtown office suite everyone can be proud of. We are thinking of making the common areas in the hallways a tribute to Noblesville with legends of Noblesville and the history of Noblesville and things like that. We are super excited about it.”
Noblesville Premium Properties plans to have tenants moving into The Gordon Building by March or April of 2020. For information regarding leasing opportunities at The Gordon Building – please fill out our leasing information form.
The space has been a financial institution since the First National Bank was built in 1910, according to a 1998 article in The Noblesville Ledger, provided by Hamilton County historian David Heighway. The bank, which was chartered and established in 1823, had originally been located in the last ground-floor unit of 864-70 Logan St., on the north side of the Courthouse Square.
The building was of Beaux Arts architectural style and displayed two-story Ionic pilasters. It was the first new building of the decade and had all the elements of a modern banking house, “the finest bank in Indiana.
First National Bank in 1928 was sold to American National Bank for $14,500. American National had been established in 1910 by a group of local businessmen, George S. Christian, Marion Alred, W.E. Longley, J.W. Smith, George Craycraft, M.L. White and John S. Craig. The bank had been located on the north side of the Courthouse Square and needed a larger building, according to The Ledger newspaper, where I worked as a reporter and then lifestyle editor beginning in 1986. That same year, I opened an account at American National Bank, because it was so convenient to the newspaper office, which was across the street at 957 Logan St.
The Noblesville Trust Co. owned the north half of the new bank building; the bank found the south end of the building adequate.
The finest vaults and equipment were located in the basement under the banking rooms,” The Ledger reported. “A system of safety-deposit boxes was also available in the building, the first in Noblesville. American National Bank soon became one of the strongest, best-managed banks in the country.
Offices were above the bank, and Dr. Earl Brooks, a well-known dentist, practiced there.
The bank grew, and in 1940 needed to expand. So Bensons Meat Market was obtained and is now the present lobby and main office. A new vault was purchased and installed where in the location of the former Pursel Jewelry Store and Hege Shoe Store, which were bought out by the bank. Spandrel panels and a metal roof were also added over the southern portion.
As noted in The Ledger article, the building still exhibits most elements of its well-executed limestone facade.
In 1933, when the famous bank robber, John Dillinger, was robbing many banks in the Midwest, Ben McLaughlin, the bank president, received a telephone call that Dillinger’s men had been casing the Noblesville bank. But fortunately, Dillinger was captured before then.
Owner Noblesville Premium Properties plans to have tenants moving into The Gordon Building in the spring of 2020. For information regarding leasing opportunities at The Gordon Building – please fill out our leasing information form.