newsletter.story

Construction

March 3, 2014

-Capitol Construction has completed a 15,000-square-foot office build-out for Theta Chi at 850 E. Carmel Drive, Carmel.

-Capitol Construction has completed a 4,300-square-foot office build-out for Phone Pro at 11350 N. Meridian St., Carmel.

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People

March 3, 2014

-Matt Broderick has joined the office division of Lee & Associates in Indianapolis as a senior advisor.

-Teresa Clements has joined the office division of Lee & Associates in Indianapolis as an advisor.

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Leases/leasing contracts

March 3, 2014

-RoomPlace leased 34,000 square feet at 8401 N. Michigan Road. The landlord, Gama Properties LLC, was represented by Keith Fried of Sitehawk Retail Real Estate. The tenant was represented by Fred Feinblum of Julius M. Feinblum Real Estate Inc.

-Jane Pauley Community Health Center Inc. leased 7,763 square feet of office space at 5317 E. 16th St. The tenant was represented by Dan Laser of Re/Max Centerstone. The landlord, Con Med Ten, was represented by Bob Lindgren of Lee & Associates.

-American Mattress renewed its lease for 6,400 square feet of office space at 7565 US 31 South. The landlord, Nationwide Insurance, was represented by Bill French of Cassidy Turley. The tenant represented itself.

-Stonegate Mortgage Corp. leased 3,750 square feet of retail space in Raceway Commons, 55 S. Raceway Road. The tenant was represented by Nicholas Svarckopf of CBRE. The landlord, Raceway Commons Baceline LLC, was represented by Scot Courtney and Bart Jackson of Lee & Associates.

-BSN Sports Inc. leased 3,673 square feet of industrial space at 6828 Hillsdale Court. The tenant was represented by Patrick Lindley and Grant Lindley of Cassidy Turley. The landlord, Hillsdale Property Co. LLC, was represented by Kevin Gillihan of Jones Lang LaSalle.

-5i Solutions Inc. leased 3,316 square feet of office space in Carson Square, 3205 E. Thompson Road. The tenant and landlord, Bluebird Ventures LLC, were represented by Cathy Richards of Lee & Associates.
   
-Simply Skin leased 3,093 square feet of office space at 9769-9879 E. 116th St., Fishers. The landlord, Shamrock Builders, was represented by Darrin Boyd and Dave Moore of Cassidy Turley. The tenant represented itself.

-Sun Spot Tanning leased 2,400 square feet at Brownsburg Square Shopping Center, 959 N. Green St., Brownsburg. The tenant and landlord, Brownsburg Management Group LTD, were represented by Jeff Hubley of Midland Atlantic Properties.

-H&R Block leased 2,400 square feet in Brownsburg Square Shopping Center, 967 N. Green St. Brownsburg. The tenant and landlord, Brownsburg Management Group LTD, were represented by Jeff Hubley of Midland Atlantic Properties.

-Fit Now Enterprises LLC leased 2,250 square feet in Fishers Trade Flex Center at 14060 Britton Park, Fishers. The tenant was represented by Tracey Holtzman of Midland Atlantic Properties. The landlord, Mann Properties, was represented by Debbie Mann.

-Orange Leaf Frozen Yogurt leased 1,807 square feet at 11722 Allisonville Road, Fishers. The tenant was represented by Tracey Holtzman of Midland Atlantic Properties. The landlord, Freeland Realty LLC, represented itself.

-Chrome Fitness leased 1,800 square feet at 116th Street Centre, 890 E 116th St., Carmel. The tenant was represented by Jess Lawhead of Sperry Van Ness. The landlord, TCP Guilford LLC, was represented by Keith Fried of Sitehawk Retail Real Estate.

-Avon Health Associates LLC leased 1,600 square feet at 9245 N. Meridian St. The tenant was represented by Ralph Balber of Newmark Knight Frank Halakar. The landlord, Echo Associates, was represented by Ashley Bussell of Newmark Knight Frank Halakar.

-Caplinger’s Fresh Catch fish market leased 1,600 square feet at Shadeland Place Shopping Center, 7460 N. Shadeland Ave. The tenant was represented by Tracey Holtzman of Midland Atlantic Properties. The landlord, MAP Shadeland LLC, was represented by Jeff Hubley of Midland Atlantic Properties.
 

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Sales/acquisitions

March 3, 2014

-Term Security Corp. bought the Arrowwoods and Inverness apartment communities, totaling 373 units, at 7135 Warrior Trail and 5890 Sebring Drive. The seller, Blue Valley Apartments, was represented by Tikijian Associates. The buyer represented itself.  

-Chin United Apostolic Church bought two buildings totaling 19,000 square feet  on 5.6 acres at 420 Lifegate Way, Beech Grove. The buyer was represented by Phil Hawkins of Indiana Real Estate Group LLC. The seller, Lifegate Ministries, was represented by Bud Green and Julia Berberich of Re/Max Centerstone Commercial Division.

-Phamily Real Estate Group LLC bought an 18,096-square-foot building at 695 Pro Med Lane, Carmel. The buyer and seller, TLR-VI LLC, were represented by Sharon Thompson of KW Commercial Indiana/Keller Williams Indianapolis Metro North.

-Horizon CPA Property Group LLC bought a 10,121-square-foot office building at 9745 Randall Drive. The buyer was represented by Pete Anderson of BI Realty Services. The seller, VCA Animal Hospitals, was represented by Paul Dick and Kevin Dick of Colliers International.

-Reagan Crossing LLC bought 12 acres of land at Ronald Reagan Parkway and Plainfield Road, Plainfield. The buyer was represented by Bud Green and Julia Berberich of Re/Max Centerstone. The seller, Six Points Road Developers LLC, was represented by Jason Speckman and Andrew Morris of Summit Realty.  

-Eden Court Capital bought approximately 4.5 acres of land at 2600 E. Main St., Plainfield. The buyer was represented by Tom English and Ryan Conrad of English Commercial Real Estate. The sellers, Trent Electric and SBR Properties LLC, were represented by Bud Green and Julia Berberich of Re/Max Centerstone.

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Sales/acquisitions

February 25, 2014
-1132 Rangeline Road LLC bought a 8,726-square-foot office building at 1132 Rangeline Road. The seller, Dearborn Street Holdings LLC, was represented by Derek Menerey and Matt Kiger of Newmark Knight Frank Halakar. The buyer represented itself.
 
-Tobey Partners LLC bought a 24,639-square-foot industrial building at 2725 Tobey Drive. The buyer was represented by Kyle Powell of Ambrose Property Group. The seller, Rubber Products Distributors, was represented by Bart Book of Cassidy Turley.

-Cesar Chavez LLC bought The Shoppes at Southport Square, a 5,200-square-foot shopping center at 3935 E. Southport Road. The buyer was represented by Dan Powers of CBRE. The seller, Southport Square Shoppes LLC, was represented by Scot Courtney and Bart Jackson of Lee & Associates.
 
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Leasing/leasing contracts

February 25, 2014
-Rubber Products Distributors leased 43,984 square feet of industrial space at 5230 Park Emerson Drive. The tenant was represented by Bart Book of Cassidy Turley. The landlord, Emerson Industrial Building II LLC, was represented by J.D. Graves of CBRE.

-US Default Group LLC leased 5,384 square feet of office space at 8455 Keystone Crossing. The tenant was represented by Peter Alveal and Andreas Kapsalis of Premier Commercial Real Estate Services. The landlord, Quality Bancorp Inc., dba Salin Bank & Trust Co., was represented by Jon Owens and Russ Van Til of Cassidy Turley.

-Perfect 10 Enterprises Inc. renewed its lease for 3,810 square feet of retail space in The Pointe, 1259 N. State Road 135, Greenwood. The tenant and landlord, Sun Greenwood LLC, were represented by Cathy Richards of Lee & Associates.
    
-Marion County Democratic Central Committee leased 3,415 square feet of office space in the Barrister Building, 155 E. Market St. The tenant was represented by Bill Ehret of Summit Realty Group. The landlord, Crown Barrister LLC, was represented by Larry W. Harshman of Harshman Property Services LLC.

-Sipes Law leased 2,605 square feet of office space in the Stock Yards Bank Building, 136 E. Market St. The tenant was represented by Alex Sanders of Newmark Knight Frank Halakar. The landlord, Crown Stock Yards LLC, was represented by Larry W. Harshman of Harshman Property Services LLC.

-Pad Thai leased 1,765 square feet of retail space in Sophia Square, 110 W. Main St., Carmel. The tenant was represented by Hamada Ibrahim of RP Lux Commercial Real Estate Services. The landlord, Keystone Realty, was represented by Bart Jackson and Scot Courtney of Lee & Associates.

-Rector Communications LLC leased 1,563 square feet of office space in the Stock Yards Bank Building, 136 E. Market St. The landlord, Crown Stock Yards LLC, was represented by Dawn McClanahan of Harshman Property Services LLC. The tenant represented itself.

-AlphaGraphics leased 1,400 square feet of retail space in Westover Commons, 577 S. Dan Jones Road, Avon. The tenant was represented by Bart Jackson and Scot Courtney of Lee & Associates. The landlord, Westover Commons Development Corp., was represented by Joe Lonneman of Ambrose Property Group.
 
-Perez & Perez leased 1,166 square feet of office space in the Stock Yards Bank Building, 136 E. Market St. The landlord, Crown Stock Yards LLC, was represented by Larry W. Harshman of Harshman Property Services LLC. The tenant represented itself.

-Attorney Carl L. Epstein leased 606 square feet of office space in the Barrister Building, 155 E. Market St. The landlord, Crown Barrister LLC, was represented by Larry W. Harshman of Harshman Property Services LLC. The tenant represented itself.

-Aldi (Indiana) LP leased 2.58 acres of retail land at 284-310 S. State Road 135, Greenwood. The tenant was represented by Jim Abel of Lee & Associates. The landlord, Union Streams LLC, represented itself.
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Residential

February 25, 2014
The average rate for 30-year mortgages rose from 4.48 percent to 4.49 percent in the week ended Feb. 20, according to Bankrate.com. The rate for 15-year mortgages fell from 3.53 percent to 3.52 percent.
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Construction

February 25, 2014
-TMG Construction Management Inc. has been hired to complete a 40,479-square-foot build-out for The RoomPlace at 8401 Michigan Road.

-TMG Construction Management nc. has been hired to build a 2,537-square-foot Chipotle Mexican Grill at 1002 Broad Ripple Ave.
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Company news

February 24, 2014

Online physician visits could become far more common in Indiana this year under a bill pending in the General Assembly. House Bill 1258 would allow the large health insurer Anthem Blue Cross and Blue Shield to launch a pilot program using the Live Health Online technology it has developed with Massachusetts-based software firm American Well Corp. The technology—which allows doctors to make virtual house calls via a Skype-like video and chat portal—would expand access to health care by making physicians available at odd hours and to patients in far-flung areas. The pilot would be conducted by primary care physicians at Indianapolis-based American Health Network, a large primary care physician practice. The pilot could last as long as six months and would involve at least 200 online visits. After the pilot phase, the Medical Licensing Board of Indiana then would be able to decide whether to expand online visits statewide and under what restrictions, if any. Since 2003, the Medical Licensing Board has restricted those visits to patients and doctors who have had an in-person encounter. HB 1258 would remove that restriction, allowing doctor-patient consultations where no relationship existed.

Eli Lilly and Co. will acquire all assets of Germany-based Lohmann SE and its subsidiary, Lohmann Animal Health. The assets include vaccines and feed additives and manufacturing sites in Cuxhaven, Germany, and Winslow, Maine. No terms were released, but Indianapolis-based Lilly said Monday that its 2014 earnings forecast will be trimmed due to acquisition costs. Lohmann Animal Health had sales of $342 million in fiscal 2012. It has about 600 employees in more than 30 countries. In November, Reuters reported that Boehringer Ingelheim was considering an offer for Lohmann Animal Health estimated at $535 million. Lilly said the acquisition will significantly increase the ability of its Elanco Animal Health subsidiary to make vaccines. Competing in that market is a "cornerstone" of the subsidiary's long-term strategy, the company said. The deal is expected to close in the second quarter.

A panel of House lawmakers Feb. 20 approved a one-year ban on construction of nursing homes, according to the Associated Press. The measure passed the Ways and Means Committee 12-7. The Senate authors of the measure originally sought a five-year moratorium, but Ways and Means Chairman Tim Brown, R-Crawfordsville, suggested the length be trimmed to give lawmakers time to decide if a ban is needed. The ban is at the center of an ongoing debate between the state's existing nursing homes and developers leading a wave of construction across the state.

The University of Indianapolis plans to spend $50 million over five years on major construction projects. The bulk of the money will be spent on a 134,000-square-foot health sciences center, which will provide training space for UIndy’s nursing, physical therapy and other health care students, as well as for a community health care facility. Over the next two years, the UIndy will also renovate its Krannert Memorial Library, replace its Campus Apartments on Shelby Street with newer housing options and expand its science labs. UIndy also plans to hire additional faculty for key programs and launch men’s and women’s lacrosse teams.

Shares of Eli Lilly and Co. rose last week after the Indianapolis-based drugmaker revealed that an experimental drug boosted overall survival among lung cancer patients in a large Phase 3 trial. When ramucirumab was applied to non-small cell lung cancer, along with a traditional chemotherapy drug, it showed a statistically significant extension of the time of overall survival when compared with patients who only took the chemotherapy drug, Lilly said Feb. 19. The company plans to submit ramucirumab for market approval with the U.S. Food and Drug Administration later this year. The drug has already shown positive results as a treatment for gastric cancer, and Lilly is studying the drug as a liver cancer treatment as well. Wall Street analysts have modest expectations for ramucirumab. Bernstein Research analyst Tim Anderson expects sales next year of $167 million, ramping up to $669 million by 2020.

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People

February 24, 2014

Dr. Zachary Dodd, a spine surgeon, has joined the OrthoIndy practice of orthopedic surgeons and its Indiana Orthopaedic Hospital in Indianapolis. Dodd received his bachelor’s degree in biology from Wabash College. He did his medical training at the Indiana University School of Medicine.

John Cannon, credited with righting the ship at WellPoint Inc., was terminated without cause last week. The Indianapolis-based health insurer said Cannon will remain with the company until early March to help in the transition of his duties as general counsel and chief public affairs officer. Cannon, 60, served as WellPoint’s interim CEO from August 2012, when the company’s board ousted CEO Angela Braly under pressure from investors, until March 2013, when current CEO Joe Swedish took the helm. Cannon came to WellPoint from Philadelphia-based Cigna Corp., where he worked for 19 years, ultimately becoming deputy general counsel.

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Residential

February 18, 2014
The average rate for 30-year mortgages rose from 4.43 percent to 4.48 percent in the week ended Feb. 13, according to Bankrate.com. The rate for 15-year mortgages rose from 3.50 percent to 3.53 percent.
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People

February 18, 2014
Richard R. King III has been named vice president of the Indianapolis office of Lee & Associates.
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Sales/acquisitions

February 18, 2014
-Culver's Restaurant bought a one-acre outlot at Maplewood Plaza, 6130 Maplecrest Road. The buyer was represented by Allison Hawley of Niessink Commercial.  The seller, Centrium Properties California LLC, was represented by Michael P. Sloan of The Broadbent Group.

-Alderson Commercial Group bought a 15,000-square-foot office building at 425 W. South St. The buyer was represented by Matt Jackson of Jackson IG. The seller, West Hotel Partners LLC, was represented by Mike Medlock and Cathy Richards of Lee & Associates.

-Moser Consulting Inc. bought an 11,000-square-foot office building at 6220 Castleway West Drive. The buyer was represented by Steve Beals and Richard R. King III of Lee & Associates. The seller, Heritage Properties LLC, was represented by Craig Kaiser of The Kaiser Real Estate Cos.

-3545 Farnsworth LLC bought a 4,000-square-foot industrial building at 3545 Farnsworth St. The seller, K&T Specialties Inc., was represented by Stan Elser of Lee & Associates. The buyer represented itself.

-Gershman Partners bought the 45,820-square-foot Marott Center at 342 Massachusetts Ave. The buyer was represented by Ron Foster of Echelon Realty Advisors.  The sellers, George Rubin and Elliott Levin, were represented by Matt Langfeldt and Rich Forslund of Summit Realty Group.

-8015 Pendleton Pike LLC bought the 35,190-square-foot Pendleton Pike Shoppes retail center at 8015 Pendleton Pike. The buyer was represented by Larry W. Harshman of Harshman Property Services LLC. The seller, Pendleton Pike LLC, was represented by Robert J. Barker as receiver.

-R.P. Wurster LLC bought the 49,967-square-foot Plainfield Commons community shopping center at Main Street and Perry Road, Plainfield, for $6.35 million. The buyer and seller, Los Angeles-based RPD Catalyst LLC, were represented by Ben Wineman and Carly Gallagher of Mid-America Real Estate Corp.
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Leases/leasing contracts

February 18, 2014
-Bingham Greenbaum Doll renewed its lease for 78,090 square feet at 10 W. Market St. The tenant was represented by John Vandenbark, Dan Richardson and Nick Svarczkopf of CBRE, and Freihofer Inc. The landlord, HDG Mansur, represented itself.

-Kids Against Hunger leased 4,950 square feet at 5230 Park Emerson Drive. The tenant was represented by Michael P. Sloan of The Broadbent Group. The landlord, Dominion Realty, represented itself.

-Crane 1 Services leased 3,300 square feet of industrial space at 3250 N. Post Road. The landlord, Iron Point Titan Asset Management LLC, was represented by Bryan Poynter of Cassidy Turley. The tenant represented itself.

-J&W HSP LLC leased 2,910 square feet of retail space at 1675 W. Smith Valley Road, Greenwood. The tenant was represented by John Schick of Schick Properties LLC. The landlord, CW Capital Asset Management, was represented by Bill French of Cassidy Turley.

-Emerge Monitoring Inc. leased 2,500 square feet at 22 N. Delaware St. The tenant and landlord, the Law Office of David Foley, were represented by Michael P. Sloan of The Broadbent Group.

-Indiana Latino Institute leased 2,046 square feet of office space at 401 W. Michigan St. The tenant was represented by Debra Williams of DTM Real Estate Services LLC. The landlord, American College of Sports Medicine Inc., was represented by Spud Dick of Cassidy Turley.

-Green Heart Inc. leased 1,991 square feet in Castle Creek III, 8720 Castle Creek Parkway. The landlord, Hudson Advisors LLC, was represented by Matt Langfeldt and Rich Forslund of Summit Realty Group. The tenant represented itself.

-Air Cleaning Specialists leased 1,800 square feet of industrial space in Greenwood Oaks Business Centre, 500 S. Polk St., Greenwood. The tenant and landlord, Greenwood Oaks Investments LLC, were represented by Cathy Richards of Lee & Associates.

-SRI Inc. leased 1,347 square feet in Castle Creek III, 8720 Castle Creek Parkway. The landlord, Hudson Advisors LLC, was represented by Matt Langfeldt and Rich Forslund of Summit Realty Group. The tenant represented itself.

-Future Electronic Corp. leased 1,316 square feet in Castle Creek V, 5750 Castle Creek Parkway. The tenant was represented by David Creiner of Jackson & Cooksey. The landlord, Hudson Advisors LLC, was represented by Matt Langfeldt and Rich Forslund of Summit Realty Group.

-MBP Distinctive Catering leased 1,300 square feet at 150 W. Market St. The landlord, the National Education Association, was represented by Matt Langfeldt and Rich Forslund of Summit Realty Group. The tenant represented itself.

-Edward D. Jones & Co. LP leased 1,229 square feet in Castle Creek III, 8720 Castle Creek Parkway. The tenant was represented by Dave Ellis of Fenway Real Estate Services Inc. The landlord, Hudson Advisors LLC, was represented by Matt Langfeldt and Rich Forslund of Summit Realty Group.

-Lincoln Financial Advisors leased 1,090 square feet in Castle Creek IV, 5875 Castle Creek Parkway. The landlord, Hudson Advisors LLC, was represented by Matt Langfeldt and Rich Forslund of Summit Realty Group. The tenant represented itself.
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Construction

February 18, 2014
-Capitol Construction has completed a 4,200-square-foot office expansion and remodel for Health Management at 9000 Keystone Crossing.

-Capitol Construction has completed a 1,500-square-foot office remodel for Regus at 3815 River Crossing Parkway.
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People

February 17, 2014

Sue Sandberg, a registered nurse, has been named chief operating officer for Community Health Network’s north region. Sandberg has worked for Community since 1998.

Pamela Hunt, a registered nurse, has been named vice president of patient services and chief nurse executive for Community Health Network’s north region. Hunt has served as chief nurse executive at Community Heart and Vascular Hospital since April 2011. Before that, she was an executive at Marion General Hospital and Community Howard Regional Hospital.

Regina Ward, a registered nurse, has been named executive director of the cancer center in Community Health Network’s south region. She most recently served as vice president for oncology services at the University of Oklahoma Medical Center. Before that, she served as clinical director of operations for six inpatient units at Indiana University Health’s University Hospital in Indianapolis.
 

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Company news

February 17, 2014

Fritz French and Richard DiMarchi have raised $1.7 million from venture capitalists to launch Calibrium LLC, a biotech company that will develop diabetes drugs. French and DiMarchi were leaders of Marcadia Biotech Inc., which developed diabetes drugs based on DiMarchi's research as a chemistry professor at Indiana University. They sold the company for $287 million to Switzerland-based Roche in late 2010. In November, Calibrium struck a deal with Indiana University to fund 10 researchers in DiMarchi’s chemistry lab in Bloomington. Then in December, Calibrium secured convertible debt investments from two of the venture capital firms that backed Marcadia—San Francisco-based 5AM Ventures and Seattle-based Frazier Healthcare. Calibrium has hired Kristin Sherman as its chief financial officer; she held the same position at Marcadia. French said he expects more members of the Marcadia team to join Calibrium as its work advances.

Nearly two-thirds of the state’s nursing homes are now participating in partnerships with county-owned hospitals that effectively double their profit margins. The partnerships allow both hospitals and nursing homes to draw down extra federal money, which appears to give nursing homes at least 2 percent on top of their average profit margin of 2 percent. According to data from the Indiana State Department of Health, 329 nursing homes have sold their licenses to county-owned hospitals—63 percent of all nursing homes in the state and nearly 70 percent of those that offer beds to Medicaid patients. The partnerships with county-owned hospitals trigger larger payments from the federal agency that oversees the Medicare and Medicaid programs. Those payments average $71.54 per day for each Medicaid patient, according to analysis of Indiana data by the accounting firm Myers and Stauffer LC. It is unclear exactly how the hositals and nursing homes split that money, which totaled $313 million statewide last year. But Indiana Health Care Association officials said hospitals are paying nursing homes management fees that net out to about 2 percent of the nursing homes’ net patient revenue.

Hall Render Killian Heath & Lyman, the nation's largest health-care-focused law firm, ranked eighth on The Hill newspaper's 2013 top 10 list of Washington, D.C., lobbying firms based on the number of new client registrations. Last year, Indianapolis-based Hall Render registered 28 new clients. The firm created its federal legislative and regulatory advisory practice in 2012. The practice includes attorneys John Williams and John Render, as well as Andrew Coats, the son of Indiana Sen. Dan Coats.

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Sales/acquisitions

February 11, 2014
-Huntington National Bank bought one acre at 6705 S. State Road 334, Zionsville. The buyer was represented by Scot Courtney and Bart Jackson of Lee & Associates. The seller, Duke Realty Corp., was represented by Jacque Haynes and John Byrne of Cassidy Turley.

-Guru Kirpa Real Estate LLC bought a 7,532-square-foot retail property at 666 E. 22nd St. The seller, The Calvary Temple Assembly of God Inc., was represented by Bill French of Cassidy Turley. The buyer represented itself.

-Redwood Acquisition LLC bought 26.26 acres at Anson in Zionsville/Whitestown. The buyer was represented by Bill Flanary of Cassidy Turley. The seller, Duke Realty Corp., was represented by Bo Leffel of Cassidy Turley.
 
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Leases/leasing contracts

February 11, 2014
-Arrow Container LLC leased 37,380 square feet of industrial space at 7535 Company Drive. The tenant was represented by Ryan Kelly of Summit Realty Group. The landlord, Panattoni Development Co., was represented by Luke Wessel and Grant Lindley of Cassidy Turley.

-Earth Fare Inc. leased 25,868 square feet of retail space at The Shoppes at County Line, 2110 E County Line Road. The tenant was represented by Christian Conville of Earth Fare Inc. The landlord, Gateway Arthur Inc., was represented by Beth Patterson and Greg Smith of Colliers International.

-Planet Fitness leased 12,690 square feet of retail space in Shadeland Station, 7451 N. Shadeland Ave. The tenant was represented by Bart Jackson and Scot Courtney of Lee & Associates. The landlord, ZCOF TL Shadeland LLC, represented itself.

-Williams LTC Pharmacy LLC leased 8,068 square feet of office space at 11900 Exit Five Parkway, Fishers. The tenant was represented by Michael R Semler of Cassidy Turley. The landlord, Sunbeam Development Corp., was represented by Paul Dick and Kevin Dick of Colliers International.

-Metal Man LLC leased 5,756 square feet of industrial space in Post/33rd Business Park, 3250 N. Post Road. The tenant was represented by Stan Elser of Lee & Associates. The landlord, FII-MC4-IND-01 LLC, was represented by Bryan Poynter of Cassidy Turley.

-Spot King LLC leased 4,792 square feet of industrial space at 3919 Clarks Creek Road, Plainfield. The landlord, Boo Rob LLC, was represented by Michael Weishaar of Cassidy Turley. The tenant represented itself.

-Heartland Dental Care leased 3,147 square feet of industrial space at 9855 Crosspoint Blvd. The landlord, Clarion Partners, was represented by Fritz Kauffman and Bryan Poynter of Cassidy Turley. The tenant represented itself.

-CSC Covansys Corp. renewed its lease for 3,080 square feet at 1499 Windhorst Way, Greenwood. The tenant was represented by Jimmy Clark of Jones Lang LaSalle. The landlord, South Park Group LLC, was represented by Brian Dell of Summit Realty Group.

-Step by Step Pediatrics renewed its lease for 2,790 square feet of office space in Methodist Medical Plaza I at Eagle Highlands, 6920 Parkdale Place. The tenant was represented by Richard R. King III and Steve Beals of Lee & Associates.  The landlord, HTA–Medical Portfolio 3 LLC, was represented by Julia Schnepper of Healthcare Trust of America.

-Bento Box Cafe leased 2,500 square feet at Delaware Commons, 9778 E 116th St., Fishers. The tenant was represented by Michael Cranfill of Sitehawk Retail Real Estate. The landlord, Sunbeam Development Corp., was represented by Mark Perlstein of Sitehawk Retail Real Estate.

-Integrated Health Solutions Inc. leased 2,454 square feet of industrial space at 6330 E. 75th St. The tenant was represented by Matt Jackson of Jackson Investment Group. The landlord, Henderson Global Investors (North America) Inc., was represented by Bennett Williams and Todd Vannatta of Cassidy Turley.

-Acoustic Imaging Solutions LLC leased 1,500 square feet of industrial space in Greenwood Oaks Business Centre, 500 S. Polk St., Greenwood. The tenant and landlord, Greenwood Oaks Investments LLC, were represented by Cathy Richards of Lee & Associates.
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Residential

February 11, 2014
The average rate for 30-year mortgages fell from 4.50 percent to 4.43 percent for the week ended Feb. 6, according to Bankrate.com. The rate for 15-year mortgages fell from 3.56 percent to 3.50 percent.
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Construction

February 11, 2014
-Kort Builders has completed a 2,500-square-foot restaurant addition to the Ale Emporium at 8617 Allisonville Road.
    
-Kort Builders has completed a 13,000-square-foot build-out for Goody’s at 1818 State Road 44, Shelbyville.
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Company news

February 10, 2014

Carmel-based Mainstreet Property Group will open 24 more health care facilities for Hoosier seniors during this year and the next two years. Those facilities, in total, would create 3,000 permanent jobs for Hoosiers--if they’re allowed to be built. The Indiana General Assembly is mulling a five-year moratorium on the construction of skilled nursing facilities, which if passed would prevent Mainstreet from building any new facilities not already begun by June 30. That legislation, known as Senate Bill 173, has passed the Indiana Senate and now awaits a hearing in the Indiana House. Zeke Turner, CEO of Mainstreet, said that if Indiana enacts a construction moratorium, Mainstreet will simply build more facilities in other states. The company has existing facilities in eight states and is working to expand in six more. Mainstreet alarmed older nursing home companies by developing 10 new facilities in the past five years—and breaking an unwritten rule of the industry by building in competitors’ back yards. That prompted the Indiana Health Care Association and other long-term-care groups to call for a ban on new construction.

Purdue Research Foundation and Bloomington-based medical-device maker Cook Medical have created a $12 million fund intended to help life-science businesses with connections to Purdue University. The Foundry Investment Fund will try to work with other investors to provide funding for companies that use Purdue-licensed technology or Purdue’s expertise in human and animal health and plant sciences. It typically would provide a match to outside investors’ funds. Outside investors could include venture capital firms, corporations, angel funding groups, or qualified individuals.

Indiana University Health announced a deal with UnitedHealthcare on Feb. 6, ending a contract dispute that had pushed IU Health doctors and hospitals out of the health insurance company’s discounted network Jan. 1. The two-year agreement gives UnitedHealthcare discounted rates retroactive to Jan. 1. Such discounts, which insurers negotiate with hospital systems, reduce prices 30 percent or more. The dispute between Indianapolis-based IU Health and Minnesota-based UnitedHealthcare dates to 2012, when the sides could not agree on a new long-term contract. They instead extended their previous agreement by one year, to Dec. 31, 2013, but then could not come to terms before the end of the year.

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People

February 10, 2014

Indianapolis-based Healthx, which provides information technology services for health insurers and third-party administrators, named Mark Manning its CEO. He was previously head of the health care business unit at Massachusetts-based Pegasystems Inc. Before that, Manning held leadership roles at Solucient LLC, The Codman Research Group and Blue Cross Blue Shield of Massachusetts. Manning holds a master’s degree in business administration-healthcare administration from the University of Massachusetts and an undergraduate degree in engineering, mathematics and business administration from the University of Vermont.

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Sales/acquisitions

February 4, 2014
-Transformation Fitness and Wellness LLC bought a 7,503-square-foot industrial property at 1222 N. Pennsylvania St. The buyer was represented by Mike Semler of Cassidy Turley. The seller, Hargitt Construction, was represented by Walter Freihofer of Freihofer Commercial Real Estate.

-Thomas and Andrea Peters bought 19,75 acres at County Road 875 and Zionsville Road, Zionsville. The buyer was represented by Bo Leffel of Cassidy Turley. The seller, State Bank of Lizton, was represented by Abbe Hohmann of Site Strategies Advisory LLC.

-Goodwill Industries of Central Indiana bought  2.75 acres at 6705 S. State Road 334, Zionsville. The buyer was represented by Bill French of Cassidy Turley. The seller, Duke Realty Corp., was represented by Jacque Haynes and John Byrne of Cassidy Turley.
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Leases/leasing contracts

February 4, 2014
-Kelly Box and Packaging Corp. leased 76,548 square feet of industrial space at 3035 N. Shadeland Ave. The tenant was represented by Bart Book of Cassidy Turley. The landlord, Vomela Specialty Co., was represented by Todd Vannatta and Bennett Williams of Cassidy Turley.

-Lanter Delivery Systems Inc. leased 14,548 square feet of industrial space at 8435 Georgetown Road. The landlord, Biynah Industrial Partners LLC, was represented by Michael Weishaar and Todd Vannatta of Cassidy Turley. The tenant represented itself.

-American Industrial Services LLP leased 8,175 square feet of industrial space at 612 Blanchard St., Shelbyville. The tenant was represented by Adam Browning of Evergreen Investment Corp. The landlord, 222 Group LLC, was represented by Todd Vannatta of Cassidy Turley.

-Associated Material Handling leased 6,352 square feet at 4444 Decatur Blvd. The landlord, CP Ventures LP, was represented by Brian Dell and Ryan Kelly of Summit Realty Group. The tenant represented itself.
                  
-PLS of Indiana LLC leased 4,840 square feet at 50 South Park Blvd., Greenwood. The tenant was represented by Keith Turnbill of RE/MAX Select Realtors. The landlord, South Park Group LLC., was represented by Brian Dell of Summit Realty Group.

-Casey’s Custom Café leased 3,346 square feet of retail space in Fortune Park at 4030 Vincennes Road. The tenant was represented by Cindy Hoskinson of Lee & Associates. The landlord, CP Vincennes LLC, was represented by Tom Ott of Coastal Partners LLC.

-Dr. Bethany Geyman DDS Inc. leased 3,200 square feet at 4450 Weston Pointe Drive, Suite 100. The tenant was represented by Matt Jackson of Jackson IG. The landlord, Sena Realty WP LLC, represented itself.

-CSC Covansys Corp. renewed its lease for 3,080 square feet at 1499 Windhorst Way, Greenwood. The tenant was represented by Jimmy Clark of Jones Lang LaSalle. The landlord, South Park Group LLC, was represented by Brian Dell of Summit Realty Group.

-Extra Space Management Inc. leased 2,034 square feet of office space in Polk Place, 435 E. Main St., Greenwood. The tenant was represented by Cathy Richards of Lee & Associates. The landlord, Randy Faulkner & Associates Inc., was represented by Bruce Richardson of My Agent.
            
-Aspect Supportability Consultants Ltd. leased 1,942 square feet of office space at Delaware Crossing II, 10100 Lantern Road, Fishers. The landlord, Genesis Development Group LLC, was represented by Kevin Dick and Paul Dick of Colliers International. The tenant represented itself.

-Yats leased 1,754 square feet at Rockville Station, 9259 E. U.S. 36, Avon. The tenant was represented by Kyle Hughes of Veritas Realty. The landlord, Rockville Station LLC, was represented by Keith Fried of Sitehawk Retail Real Estate.

-Which Wich Superior Sandwiches leased 1,600 square feet of retail space in Fishers Marketplace Shopping Center, 13180 Market Square Drive, Fishers. The tenant was represented by Bart Jackson and Scot Courtney of Lee & Associates. The landlord, Fishers Market Square Drive LLC, was represented by Ryan Menard of Thompson Thrift.

-Prolific Cuts leased 1,200 square feet of retail space in Gable Village Shoppes, 9719 E. U.S. 36, Avon. The tenant and landlord, Rockville LLC, were represented by Cindy Hoskinson of Lee & Associates.

-Indiana Shingle Recycling LLC leased 5.96 acres at 3800 S Harding St. The landlord, L&S Kopetsky Realty LLC, was represented by Brian Dell of Summit Realty Group. The tenant represented itself.
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