Old Evansville Brewery Development (OEBD) LLC Renovates Former Sterling Brewery near Urban Core
The City of Evansville and economic development partners at the Growth Alliance for Greater Evansville are pleased to announce that Old Evansville Brewery Development, LLC will renovate and revitalize the former Sterling Brewery site, adding mixed-use office space.
“I am extremely pleased developers have found a creative new use for a building that has played such an important role in Evansville’s history,” said Mayor Lloyd Winnecke. “The Old Evansville Brewery Development is a tangible show of confidence in the economic vitality of our city and optimism for our future.”
Jack Rogers, owner of Jack Rogers Realtor, Inc. and the Old Evansville Brewery Development, LLC purchased the Sterling Brewery Site in 1998, recognizing an opportunity for future development.
“We are excited about the redevelopment of the former Sterling Brewery into commercial and professional offices. Located at one of the highest traffic intersections in Evansville, it is now an attractive and important gateway to Evansville’s downtown,” stated Rogers.
Today, 100,000-square-feet of Sterling Square is under construction to accommodate new tenants like SS&C Technology Holdings, Inc., a company which anticipates leasing up to 90,000-square-feet of the renovated facility. SS&C Technologies currently employs over 200 in Evansville. With additional space at Sterling Square, the company plans to add 360 more jobs over the next 5 years.
“We appreciate the collaboration and support from the city and state and remain focused on expanding our footprint here in Evansville. Our new office at Sterling Square allows us to scale for years to come,” stated Kyle Fields, Director of SS&C Technologies, Inc.
Old Evansville Brewery Development LLC plans to invest over $1 million dollars in real and personal property in Sterling Square over the next five years. The economic impact from this project to the City of Evansville is in excess of $83 million dollars per year over the next 10 years.
The Growth Alliance for Greater Evansville recommends a standard 10-year tax phase-in on real and personal property be awarded to Old Evansville Brewery Development, LCC. The Evansville City Council will consider a resolution for incentives at its meeting on tonight, October12, at 5:05 p.m. in Room 301, Civic Center Complex.
About Old Evansville Brewery Development, LLC
Old Evansville Brewery Development, LLC was created by Jack Rogers of Jack Rogers Realtor, Inc. for the redevelopment of Sterling Square.
Jack Rogers Realtor, Inc. was formed in 1978. The company currently leases and/or manages over 1,500,000 square feet of commercial, industrial, and office space and has established itself as a leading brokerage, development, and property management firm in the tri-state area.
For more information about Jack Rogers Realtor, Inc., call 812-422-5656 or visit jackrogersrealtor.com
About SS&C Technologies
SS&C is a global provider of investment and financial software-enabled services and software focused exclusively on the global financial services industry. Founded in 1986, SS&C has its headquarters in Windsor, Connecticut and offices around the world. Some 10,000 financial services organizations, from the world’s largest institutions to local firms, manage and account for their investments using SS&C's products and services. These clients in the aggregate manage over $44 trillion in assets.
About the Growth Alliance
The Growth Alliance for Greater Evansville provides comprehensive support to new and existing businesses to enhance the economic vitality of the City of Evansville and Vanderburgh County, Indiana. The Growth Alliance’s business retention and expansion program focuses on incentives and services for Evansville/Vanderburgh County established businesses with a goal of encouraging continual growth, cost effective business practices and improved productivity.
The Growth Alliance is a certified 501(c)3, nonprofit that relies on financial underwriting and sponsorships from our business and government stakeholders to fund the vital services provided to new and existing business.
SS&C Grand Opening / Ribbon Cutting: Thursday, May 5, 2016