Auctioning Company Building New $80 Headquarters In Carmel

CARMEL, IN — KAR Auction Services and Gov. Eric Holcomb announced the building of a new $80 million global headquarters in Carmel. Through this project, the Carmel-based vehicle auction company will bring up to 400 new jobs to the area by 2020, Gov. Holcomb said in a tweet. The company reports the new building will be 250,000 square-feet.

Same city, new #KARHQ! Check out the renderings of our brand new 250,000 square foot building in @CITYOFCARMELIN.@Indiana_EDC @in_gov pic.twitter.com/QgZKntEWCR
— KAR Auction Services (@KARspeaks) September 19, 2017

Company officials joined Gov. Holcomb Tuesday to make the announcement, saying the new HQ will provide even more room to grow and hire more employees, Associated Press reports.

KAR Auction Services operates in dozens of countries by the work of 17,400 employees. (For more information on this and other neighborhood stories, subscribe to Carmel Patch to receive a free daily newsletter and breaking news alerts and LIKE Carmel Patch on Facebook).

The new 13-acres site sits about two miles from KAR Auction Services' current location, and construction crews are expected to break ground early next year, according to Associated Press.

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More information: karauctionservices.com, @KARspeaks

(Photo via Shutterstock)