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BrightPoint operations move HQ amid parent's reorganization

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The former BrightPoint Inc. has moved out of its leased northwest-side headquarters into a distribution building it owns in a move following the company's buyout last year and subsequent reorganization.

Information technology distributor Ingram Micro, headquartered in Santa Ana, Calif., acquired Indianapolis-based distribution and logistics firm BrightPoint in October for $840 million.

Now operating as Ingram Micro Mobility, the Brightpoint division has moved its headquarters from 7635 Interactive Way to 501 Airtech Parkway in Plainfield, one of three distribution centers the company operates in the area.

Company officials refused to comment on the headquarters move or current Indiana employee headcount.

At the time of the buyout announcement, BrightPoint had about 1,100 people working in central Indiana, with about 1,000 of them in Plainfield and the remainder in at the Indianapolis office.

Worldwide, Ingram spent $8.8 million reorganizing all of its divisions and laid off 120 people in the first quarter of this year, according to a May 7 U.S. Securities and Exchange Commission filing. The filing did not specify how many, if any, of those employees worked at BrightPoint.

The filing indicated Ingram spent $2.7 million on reorganization costs for the BrightPoint division in the first quarter.

Ingram has projected $55 million in “cost synergies” from the BrightPoint purchase. Late last year, a top BrightPoint executive said he expected little employment change for the central Indiana workforce.

He stepped down early this year.

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  1. PJ - Mall operators like Simon, and most developers/ land owners, establish individual legal entities for each property to avoid having a problem location sink the ship, or simply structure the note to exclude anything but the property acting as collateral. Usually both. The big banks that lend are big boys that know the risks and aren't mad at Simon for forking over the deed and walking away.

  2. Do any of the East side residence think that Macy, JC Penny's and the other national tenants would have letft the mall if they were making money?? I have read several post about how Simon neglected the property but it sounds like the Eastsiders stopped shopping at the mall even when it was full with all of the national retailers that you want to come back to the mall. I used to work at the Dick's at Washington Square and I know for a fact it's the worst performing Dick's in the Indianapolis market. You better start shopping there before it closes also.

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  4. If you only knew....

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