Commercial Leases

Virginia not-for-profit suing Duke Realty for $30M

March 9, 2011
Military think tank CNA claims Duke Realty breached its obligations as landlord by selling land in Alexandria to the Department of Defense, which plans to build a bomb-inspection facility on the site.
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Fourth-quarter commercial real estate stats for IndianapolisRestricted Content

February 19, 2011
Statistics for Indianapolis office and industrial property.
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Duke Realty reports strong year-end results

January 27, 2011
Cory Schouten
Duke Realty Corp. reported a fourth-quarter profit almost 70 percent above last year's figure as it closed out its best leasing year since 2007 and finished with its highest annual portfolio occupancy rate since 2004.
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Brenwick turns over commercial sales, leasing at Village of West Clay

January 25, 2011
Tom Harton
Ambrose Property Group, a commercial leasing and development company headed by former Duke Realty Corp. broker Aasif Bade, took over for Brenwick, which is primarily a residential developer, at the beginning of the year.
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Parking key issue in Rolls-Royce's possible downtown move

January 15, 2011
Francesca Jarosz
Rolls-Royce Corp.’s decision whether to move about 2,500 office employees to a former Eli Lilly and Co. downtown campus could hinge on three critical factors—parking, incentives and lease terms for the space.
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Not much optimism in commercial real estate outlook

January 13, 2011
Cory Schouten
Another challenging year is in store for commercial real estate thanks to high unemployment, a still-struggling housing market and an unforgiving credit environment, Cassidy Turley plans to report Thursday at its annual State of Real Estate event.
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Sara Lee to lease 281,000 square feet in Plainfield

January 10, 2011
 IBJ Staff
Sara Lee Corp. has signed a lease for about 281,000 square feet of space at Plainfield Business Center at Airwest. The Illinois-based maker of food products will establish a new distribution center in the space in February.
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Brightpoint expansion includes three buildings

January 4, 2011
The distributor of wireless devices has completed its purchase of a 533,000-square-foot facility in the AllPoints Midwest business park in Plainfield and is leasing a 200,000 square-foot building, also in Plainfield.
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Commercial real estate will continue its climb back in 2011

January 4, 2011
Tom Harton
Medical office likely will be the strongest sector, followed by apartments.
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UPDATE: City Market has tentative deal with longtime tenant

December 2, 2010
Scott Olson
City Market operators have reached a tentative deal to settle a dispute with Grecian Garden's owners after alleging the eatery was late on its rent payments for several months. Details of the agreement were not disclosed.
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Dow AgroSciences moves into new research facility

November 20, 2010
 IBJ Staff
The division of Dow Chemical has a 15-year lease with Indianapolis-based developer Browning Investments on the two-story building near West 96th Street.
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Rock Bottom Brewery tries to hang onto downtown lease

November 3, 2010
Kathleen McLaughlin
Downtown landlord John Goodman has rejected Rock Bottom Brewery's attempt to renew its lease for five more years. The restaurant has occupied 14,600 square feet at 10 W. Washington St. since June 1, 1996.
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Election Board agrees to lease former Marsh store

November 2, 2010
Cory Schouten
The Marion County Election Board has agreed to lease about 41,000 square feet in a former Marsh store along East Washington Street for an election services center.
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Industry vet sees sectors on upswing, auctions booming

October 11, 2010
Cory Schouten
REW watch videoJeff Henry, managing principal of Cassidy Turley, believes the commercial real estate market has seen the worst but isn't far off the bottom yet. Meanwhile, banks are beginning to jettison properties in a wave of auctions.
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E-mail marketer ExactTarget taking more downtown spaceRestricted Content

September 11, 2010
Cory Schouten
The company has inked a deal to take the entire seventh floor of the Century Building at 36 S. Pennsylvania St., and may take additional space on two other floors.
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Fishers shopping center lands new tenants

September 11, 2010
 IBJ Staff
Kite Realty Group Trust has landed Goodwill, Dollar Tree and Mexico City Grill for a renovation of its Fishers Station shopping center.
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Movie-rental stores are next retail backfill opportunity

July 27, 2010
Tom Harton
Vacant movie-rental stores are beginning to flood the retail real estate market here and elsewhere as the nation’s second-largest chain liquidates and industry goliath Blockbuster Video fights for its life.
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Ohio manufacturer consolidates distribution in Indy

July 12, 2010
 IBJ Staff
Cleveland-based Earnest Machine Products has signed a five-year lease for an existing 90,000-square-foot building in Park 100 on the city's northwest side.
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Indianapolis office vacancy rates still rising

June 29, 2010
Scott Olson
Vacancy rates in the downtown and Keystone at the Crossing markets climbed in the past six months, according to Meridian Real Estate's latest report, but the market shows signs of stabilizing.
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Circle Centre vies to keep anchor stores

June 19, 2010
Cory Schouten
Deals for both Nordstrom and Carson Pirie Scott are up for renewal in the coming months.
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Retail project in search of tenants after Ace deal falls apart

May 25, 2010
Cory Schouten
A not-for-profit group that's hoping to build a retail project at the northeast corner of 22nd and Delaware streets is looking for tenants after a deal for an Ace Hardware fell apart.
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Simon plans to rejoin retail leasing event

May 24, 2010
Cory Schouten
Simon Property Group Inc. plans to rejoin the giant leasing mall at the annual ICSC convention in Las Vegas, where 25 percent of the nation's retail lease deals are consummated.
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Politically connected broker's deals raise conflict questions

April 24, 2010
Cory Schouten
John Bales' firm earned $2.9M in commissions on leases for state agencies and $270,000 in commissions on the sale of surplus state properties. He also acted as a developer for public-sector tenants—putting them into buildings owned by him or his associates.
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Marsh renews effort to sublease headquarters

April 20, 2010
Tom Harton
Most of the 148,000-square-foot building just north and east of the 96th Street/Interstate 69 interchange is empty.
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Answer to Murat's naming-rights fight likely to be found in lease

March 30, 2010
Kathleen McLaughlin
The Murat Temple Association, a Shriners affiliate that owns the iconic building, is suing Live Nation and Old National Bank over a naming-rights deal announced March 16.
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  1. On my rental property, before tax caps, I was paying $2,000/yr in property taxes. After the tax caps I'm paying $4,000/yr. How exactly am I "benefiting the most"?

  2. Nick, I too tried that new Walmart NM on Michigan a couple of weeks ago. I had the same feeling, it had good prices, but something was just off about it. I can't put my finger on what it is, but it just didn't feel right. On the plus side, it was easy to get in and out of and much less busy than a typical Walmart.

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  5. So the GOP legislature passed a bill that gave big breaks to business at the expense of Indiana families. Color us not surprised.

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