KAR Invests in Indianapolis Featured

By Staff Writer September 02, 2019

KAR Auction Services Inc. announced it is investing $3.75 million in downtown Indianapolis to house the new, expanded U.S. headquarters and tech center of the company’s TradeRev business unit. The company will occupy a 45,000-square-foot space in the Century Building, former home of C.H. Black Manufacturing, credited with building the first automobile in Indiana in 1891. The new investment will create 200 additional, high-paying jobs by 2023.

“The City of Indianapolis welcomes KAR and its TradeRev employees to the heart of our thriving downtown economic landscape,” said Mayor Joe Hogsett. “As the ‘Tech Capital of the Midwest,’ Indianapolis will provide the perfect home for the company’s new offices and tech center, as well as access to a growing pool of talent needed to fill the hundreds of new jobs created at the location.”

KAR is one of Indiana’s largest publicly traded companies, with eight locations and approximately 2,000 employees in the state. TradeRev, a digital platform that facilitates live dealer-to-dealer vehicle auctions, was purchased by KAR in 2017 and employs more than 700 people in the U.S.

“KAR’s growing North American team needed a larger space and we were fortunate to find one with deep automotive roots,” said Jim Hallett, KAR chairman and CEO. “Being in the heart of downtown Indianapolis will help us attract the talent KAR needs to accelerate the digital transformation of our industry and help TradeRev remain the premier digital automotive auction platform.”

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Last modified on Monday, 02 September 2019 22:09

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