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Leases/leasing contracts

June 4, 2013
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-Pacific and Southern Co. Inc. leased 18,000 square feet of industrial space at 1530 Brookville Crossing Way. The tenant was represented by Nick Arterburn of CBRE. The landlord, WF Industrial Properties, was represented by Patrick Lindley of Cassidy Turley.   

-American Window and Glass Inc. leased 15,582 square feet of industrial space at 5621-5647 Dividend Drive. The tenant was represented by Sean McHale of Colliers International. The landlord, Meritex Properties LLC, represented itself.

-Rock Steady Boxing Inc. leased 12,800 square feet of office space at 6847 Hillsdale Court. The tenant was represented by Paul Dick and Kevin Dick of Colliers International. The landlord, Hillsdale Property Company LLC, was represented by Jack Hogan of Jones Lang LaSalle.

-Browning Chapman LLC leased 6,446 square feet of industrial space at 9900 Westpoint Drive. The landlord, Clarion Partners, was represented by Fritz Kauffman and Bryan Poynter of Cassidy Turley. The tenant represented itself.  

-Classic Stone LLC leased 2,700 square feet of industrial space at 5751 5827 W. 73rd St. The tenant was represented by Bryan Poynter of Cassidy Turley. The landlord, Duke Realty Corp., was represented by Duke's Kate Willen Ems.   

-MarketPath leased 2,345 square feet at 3850 Priority Way South. The tenant was represented by Molly Miller of Newmark Knight Frank Halakar. The landlord, PP Indianapolis V Project, was represented by Rick Trimpe of CBRE.  

-Diamond Foods Inc. leased 2,095 square feet of office space at Delaware Crossing II, 10100 Lantern Road, Fishers. The tenant was represented by Zane Brown of CBRE. The landlord, Genesis Development Group LLC, was represented by Paul Dick and Kevin Dick of Colliers International.

-Westfield Parks & Recreation leased 2,060 square feet of retail space in Cherry Street Plaza, 330 E. Main St., Westfield. The landlord, Cherry Street Plaza LLC, was represented by Ron Mannon of Lee & Associates. The tenant represented itself.

-Mindful Movement Studio leased 1,791 square feet at Northbrook Shopping Center, 1475 W. 86th St. The landlord, 86th & Ditch Realty LP, was represented by Keith Fried of Sitehawk Retail Real Estate. The tenant represented itself.

-Crepe Way leased 1,700 square feet at Castleton Shops, 5955 E. 82nd St. The tenant was represented by Kelli Memreno-lbanez of Libertad Real Estate. The landlord, Castleton Shops LLC, was represented by Dean Almas of Sitehawk Retail Real Estate.  

-JS Sushi leased 1,600 square feet at The Shoppes at 54th Street, 5425 N. Keystone Ave. The landlord, KBF 54th LLC, was represented by Keith Fried of Sitehawk Retail Real Estate. The tenant represented itself.

-MANG THA Real Estate leased 1,463 square feet of office space in Winchester Place, 8060 Madison Ave. The tenant was represented by Nguncer Bualteng of MANG THA Real Estate. The landlord, Oak Property Group LLC, was represented by Cathy Richards of Lee & Associates.

-China Wok leased 1,200 square feet of retail space at 1600 E. Michigan Road, Shelbyville. The tenant was represented by Chengang Tian of TLC Real Estate South. The landlord, C-III, was represented by Jacque Haynes of Cassidy Turley.

-Colon and Rectal Care Inc. leased 1,020 square feet of office space at Southpointe Office Park, 8936 Southpointe Drive. The tenant was represented by Paul Dick and Kevin Dick of Colliers International. The landlord, HTA-Southpointe LLC, was represented by Andrew Nordhoff of Healthcare Trust of America.

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  1. The $104K to CRC would go toward debts service on $486M of existing debt they already have from other things outside this project. Keystone buys the bonds for 3.8M from CRC, and CRC in turn pays for the parking and site work, and some time later CRC buys them back (with interest) from the projected annual property tax revenue from the entire TIF district (est. $415K / yr. from just this property, plus more from all the other property in the TIF district), which in theory would be about a 10-year term, give-or-take. CRC is basically betting on the future, that property values will increase, driving up the tax revenue to the limit of the annual increase cap on commercial property (I think that's 3%). It should be noted that Keystone can't print money (unlike the Federal Treasury) so commercial property tax can only come from consumers, in this case the apartment renters and consumers of the goods and services offered by the ground floor retailers, and employees in the form of lower non-mandatory compensation items, such as bonuses, benefits, 401K match, etc.

  2. $3B would hurt Lilly's bottom line if there were no insurance or Indemnity Agreement, but there is no way that large an award will be upheld on appeal. What's surprising is that the trial judge refused to reduce it. She must have thought there was evidence of a flagrant, unconscionable coverup and wanted to send a message.

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  5. http://www.abcactionnews.com/news/duke-energy-customers-angry-about-money-for-nothing

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