Meidinger Tower

Meidinger Tower on South Fourth Street

Updated at 2:30 p.m. with additional information

Insider Louisville has learned Computershare — the Australian firm that expects to bring 250 jobs to Louisville over the next 18 months — will reside downtown in the Meidinger Tower.

Company officials informed IL they have signed a lease at the office tower near the corner of Fourth Street and Muhammad Ali Boulevard; we are awaiting confirmation on the amount of space Computershare will occupy, along with other details.

Frank Madonna, COO of Computershare, provided some details about the new location via email. He said it will be open for business April 1, 2014. That the firm leased two floors, each with 14,000 square-feet, with the option to lease up to 70,000 square-feet total.

They are also currently hiring both management and staff for recruiting, HR training and a call center. Some key executives will be onsite by January 1, 2015, he wrote.

“We really like the downtown area as it’s a livable and walkable space,” he wrote. This location affords people the option to live where they work. We also wanted to be a part of the City’s growth plans for (the) area.”

The location will house a call center and simple business process outsourcing. Madonna declined to disclose lease terms, including the length of the lease.

This is a coup for Meidinger Tower, as downtown Louisville office complexes have long been struggling to maintain tenants and fill vacancies. This latest addition of Computershare certainly will help Meidinger, where the vacancy rate already had shrunk to around 40 percent as of last month — a 20 percent improvement over this time last year.

In July, Insider broke the news that Computershare was considering launching a large operation in Louisville. Our fair city was up against Nashville, but in the end, Computershare chose Louisville because of our “access to an educated workforce” and developing downtown. Computershare handles financial transactions, including share transfers, for the largest corporations and employee share plans in the world.