INDIANAPOLIS—Sourwine Real Estate Services has broken ground on an 80,699-sq.-ft. multitenant office building at 8335 Keystone Crossing in Indianapolis. It is the first speculative commercial real estate development in the area since 2008.

“We are confident now is the time to build and invest in new office space in this market,” said Joe Sourwine, asset manager of Sourwine Real Estate Services.

The three-story Class A office space will house 75,000 leasable sq. ft. spanning three floors. The facility will also include a fitness facility and shared conference space at existing Keystone Office Centre buildings located at 8395 and 8365 Keystone Crossing.

Sourwine will own, develop and manage the new multitenant space. CSO Architects has designed the building, and Shiel Sexton will manage the construction, which is slated to be complete in the second quarter of 2013.