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Sales/acquisitions

February 2, 2010
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-GCP Investment LLC has acquired the senior mortgage debt on Georgetown Commerce Park, a two-building industrial property at 7301 N. Georgetown Road. The 84,000-square-foot distribution building and 64,900-square-foot flex building went into foreclosure in mid-2009. GCP Investment, which includes Brian Mann of Mann Properties and Kurt Meyer of commercial real estate firm Baseline Inc., intends to buy the property out of foreclosure and appoint Mann Properties to lease and manage it. Tenants include Methodist Health Care Center, the National MS Society, Vibbert DDS and Symbios Technologies.

-Cedarwood Development bought a 2.25-acre parcel at State Road 37 and Fairview Road, Greenwood. The price wasn’t disclosed. A CVS pharmacy is planned for the site. Scot Courtney of Grubb & Ellis Harding Dahm & Co. represented the seller, The Market Place at State Road 37 LLC. The buyer was represented by Jeff Hubley of Midland Atlantic. 
 

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  1. I took Bruce's comments to highlight a glaring issue when it comes to a state's image, and therefore its overall branding. An example is Michigan vs. Indiana. Michigan has done an excellent job of following through on its branding strategy around "Pure Michigan", even down to the detail of the rest stops. Since a state's branding is often targeted to visitors, it makes sense that rest stops, being that point of first impression, should be significant. It is clear that Indiana doesn't care as much about the impression it gives visitors even though our branding as the Crossroads of America does place importance on travel. Bruce's point is quite logical and accurate.

  2. I appreciated the article. I guess I have become so accustomed to making my "pit stops" at places where I can ALSO get gasoline and something hot to eat, that I hardly even notice public rest stops anymore. That said, I do concur with the rationale that our rest stops (if we are to have them at all) can and should be both fiscally-responsible AND designed to make a positive impression about our state.

  3. I don't know about the rest of you but I only stop at these places for one reason, and it's not to picnic. I move trucks for dealers and have been to rest areas in most all 48 lower states. Some of ours need upgrading no doubt. Many states rest areas are much worse than ours. In the rest area on I-70 just past Richmond truckers have to hike about a quarter of a mile. When I stop I;m generally in a bit of a hurry. Convenience,not beauty, is a primary concern.

  4. Community Hospital is the only system to not have layoffs? That is not true. Because I was one of the people who was laid off from East. And all of the LPN's have been laid off. Just because their layoffs were not announced or done all together does not mean people did not lose their jobs. They cherry-picked people from departments one by one. But you add them all up and it's several hundred. And East has had a dramatic drop I in patient beds from 800 to around 125. I know because I worked there for 30 years.

  5. I have obtained my 6 gallon badge for my donation of A Positive blood. I'm sorry to hear that my donation was nothing but a profit center for the Indiana Blood Center.

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