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Commercial Leases
E-mail marketer ExactTarget taking more downtown space
September 11, 2010
Cory SchoutenThe 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.
MoreFishers shopping center lands new tenants
September 11, 2010
IBJ StaffKite Realty Group Trust has landed Goodwill, Dollar Tree and Mexico City Grill for a renovation of its Fishers Station shopping
center.
MoreMovie-rental stores are next retail backfill opportunity
July 27, 2010
Tom HartonVacant 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.
MoreOhio manufacturer consolidates distribution in Indy
July 12, 2010
IBJ StaffCleveland-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.
MoreIndianapolis office vacancy rates still rising
June 29, 2010
Scott OlsonVacancy 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.
MoreCircle Centre vies to keep anchor stores
June 19, 2010
Cory SchoutenDeals for both Nordstrom and Carson Pirie Scott are up for renewal in the coming months.
MoreRetail project in search of tenants after Ace deal falls apart
May 25, 2010
Cory SchoutenA 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.
MoreSimon plans to rejoin retail leasing event
May 24, 2010
Cory SchoutenSimon 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.
MorePolitically connected broker's deals raise conflict questions
April 24, 2010
Cory SchoutenJohn 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.
MoreMarsh renews effort to sublease headquarters
April 20, 2010
Tom HartonMost of the 148,000-square-foot building just north and east of the 96th Street/Interstate 69 interchange is empty.
MoreAnswer to Murat's naming-rights fight likely to be found in lease
March 30, 2010
Kathleen McLaughlinThe 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.
MoreMarine tech unit to fill four floors at struggling M&I Plaza
March 13, 2010
Cory SchoutenA 10-year, $20 million deal for a civilian division of the U.S. Marine Corps to occupy four floors of the 28-story M&I
Plaza building downtown will push
the city's sixth-largest office tower from a woeful 30-percent occupancy rate to about 50 percent.
MoreMusic Mill to reopen again under new owner
September 11, 2009
Jeff Newman, Scott OlsonThe Music Mill, a local concert venue, restaurant and bar that has been closed down twice this year by different operators,
has new life. Local entrepreneur Ravi Chopra, 44, who owns the 6 Lounge & Restaurant downtown, announced last
night that he has purchased the Music Mill and plans to reopen it Oct. 12.
MoreIn recession, commercial brokers struggle to determine property values
May 25, 2009
Chip CutterFew commercial real estate properties are changing hands in the Indianapolis area these days, creating challenges for brokers
who say it's becoming increasingly difficult to determine the value of properties.
MoreChicago's Jones Lang LaSalle attracts talented local brokers to establish Indy branch
December 8, 2008
Chip CutterSome of the city's most prominent commercial real estate brokers have resigned from locally owned Meridian Real Estate to
launch an Indianapolis affiliate of Chicago-based Jones Lang LaSalle.
MoreCalifornia's Blue Real Estate establishes local presence
November 17, 2008
Cory SchoutenBlue Real Estate, a California firm that made a bundle selling West Coast office buildings at the market's peak, has been
buying up local buildings and trying to learn the Indianapolis market.
MoreAirport terminal to rent out space, keep many employees in old facility
November 10, 2008
Chris O'MalleyThe new, $1.1 billion terminal at Indianapolis International Airport likely won't house as many airport employees as the existing
facility. Instead, portions of the terminal are being set aside for their revenue-generating potential.
MoreLilly vacating 99,000 square feet in 30 S. Meridian building
March 5, 2007
Cory SchoutenEli Lilly and Co. has decided to vacate 99,000 square feet of office space at 30 S. Meridian St. in yet another blow to the
struggling downtown market. Roughly 1.8 million square feet of space already is sitting idle downtown, putting downward pressure
on rents.
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It's also across the street from Fogo de Chao and Morton's....
Yep, the haters are trying to make good news bad. I guess it is hard to get people to believe the series is dying when they are gaining new sponsors.
David Copperfield! I remember watching his specials on TV when I was little.
Don't forget this is next to an MMA gym, a pawn shop, and some abandoned spaces.
Good project for Zionsville - A group who has owned the property for many years has waited and worked patiently to bring highest and best use development to a major corridor, and mix that in with the great downtown you have. Win Win. All the Best to Pittman Partners and Zionsville.