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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. In reality, Lilly is maintaining profit by cutting costs such as Indiana/US citizen IT workers by a significant amount with their Tata Indian consulting connection, increasing Indian H1B's at Lillys Indiana locations significantly and offshoring to India high paying Indiana jobs to cut costs and increase profit at the expense of U.S. workers.

  2. I think perhaps there is legal precedence here in that the laws were intended for family farms, not pig processing plants on a huge scale. There has to be a way to squash this judges judgment and overrule her dumb judgement. Perhaps she should be required to live in one of those neighbors houses for a month next to the farm to see how she likes it. She is there to protect the people, not the corporations.

  3. http://www.omafra.gov.on.ca/english/engineer/facts/03-111.htm Corporate farms are not farms, they are indeed factories on a huge scale. The amount of waste and unhealthy smells are environmentally unsafe. If they want to do this, they should be forced to buy a boundary around their farm at a premium price to the homeowners and landowners that have to eat, sleep, and live in a cesspool of pig smells. Imagine living in a house that smells like a restroom all the time. Does the state really believe they should take the side of these corporate farms and not protect Indiana citizens. Perhaps justifiable they should force all the management of the farms to live on the farm itself and not live probably far away from there. Would be interesting to investigate the housing locations of those working at and managing the corporate farms.

  4. downtown in the same area as O'malia's. 350 E New York. Not sure that another one could survive. I agree a Target is needed d'town. Downtown Philly even had a 3 story Kmart for its downtown residents.

  5. Indy-area residents... most of you have no idea how AMAZING Aurelio's is. South of Chicago was a cool pizza place... but it pales in comparison to the heavenly thin crust Aurelio's pizza. Their deep dish is pretty good too. My waistline is expanding just thinking about this!

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