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Leases/leasing contracts

October 16, 2012
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-Hachette Book Group renewed its 809,225-square-foot lease in Lebanon Business Park Building 2 and its 395,679-square-foot lease in Lebanon Business Park Building 9. The tenant was represented by Terry Busch of CBRE. The landlord, Duke Realty, was represented by Duke’s Jay Archer.

-The McGraw-Hill Cos. renewed its lease for 66,338 square feet in Park 100 Building 48. The tenant was represented by Terry Busch of CBRE. The landlord, Duke Realty, was represented by Duke’s Jay Archer.

-Sundance Enterprises, Inc. leased 35,152 square feet of industrial space at 3902 Hanna Circle. The tenant was represented by Michael Weishaar and Bennett Williams of Cassidy Turley. The landlord, Prologis, was represented by Chris Black of CBRE.

-Promise Place Ministries leased 8,120 square feet of office space in Georgetown Commerce Park, 7301 Georgetown Road. The tenant was represented by Spero Pulos of Lee & Associates.  The landlord, Mann Properties Management LLC, represented itself.

-Professional Psychological Services LLC leased 4,493 square feet of office space in Green on Meridian, 10293 N. Meridian St. The tenant was represented by  Bob Lindgren of Lee & Associates. The landlord, GPI Office Properties II LP, was represented by John Robinson and James Clark of Jones Lang LaSalle.

-Gamerz leased 3,600 square feet of retail space at Greenwood Corner Shops, 8735 U.S. 31 South.  The landlord, Green Meadows Shopping Center LLC, was represented by Brady Clements of Skyline Property Group. The tenant represented itself.

-Gentle Dentist leased a 3,504-square-foot stand-alone retail building at 61 E. 96th St. The tenant was represented by Matthew Broderick and Thomas Cortese of Acorn Group Inc. The landlord, Meridian North Investments LP, was represented by Tiffany Oliver of Landmark Properties Inc.

-Firehouse Subs leased 2,400 square feet of retail space at Franklin Shoppes, 1707 N. Morton St., Franklin.  The tenant was represented by Keith Stark of Situs Realty Corp.  The landlord, Franklin Shoppes LLC, was represented by Brady Clements of Skyline Property Group.

-Southern Kitchen leased 2,200 square feet of retail space in North by Northeast, 7854 E. 96th St., Fishers. The landlord, NNE Associates LLC, was represented by Robyn Smart of Lee & Associates. The tenant represented itself.   
 
-C.H. Garmong & Son Inc. leased 2,054 square feet of office space at 4444 Decatur Blvd.  The tenant was represented by Ross Reller of Colliers International. The landlord, MPC Ventures LLC, was represented by Brian Dell of Summit Realty Group.

-Footloose Foot Spa leased 2,000 square feet of retail space at County Line Corner Shops, 8936 St. Peter Street.  The landlord, County Line Corner Shops LLC, was represented by Brady Clements of Skyline Property Group. The tenant represented itself.

-Ossip Optometry leased 1,600 square feet of retail space at Heartland Village Shoppes, 8411 Windfall Lane, Camby.  The landlord, Heartland Village Shoppes, was represented by Brady Clements of Skyline Property Group. The tenant represented itself.   

-Ella’s Frozen Yogurt leased an additional 1,280 square feet of retail space at Fairview Corners, 520 N. State Road 135, Greenwood.  The landlord, Fairview Corners LLC, was represented by Brady Clements of Skyline Property Group. The tenant represented itself.   

-Kirby Vacuum leased 1,240 square feet of retail space at Green Meadows Shopping Center, 1526 N. State St., Greenfield.  The tenant was represented by Matt Crawford of Scott Veerkamp Real Estate.  The landlord, Green Meadows Shopping Center LLC, was represented by Brady Clements of Skyline Property Group.

-PDP Creations leased 1,000 square feet of retail space in Greenbriar Shopping Center 1265 W. 86th St. The tenant and landlord, Prime Property Fund VIII, were represented by Nick Smyrnis of Lee & Associates.

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  1. The $104K to CRC would go toward debts service on $486M of existing debt they already have from other things outside this project. Keystone buys the bonds for 3.8M from CRC, and CRC in turn pays for the parking and site work, and some time later CRC buys them back (with interest) from the projected annual property tax revenue from the entire TIF district (est. $415K / yr. from just this property, plus more from all the other property in the TIF district), which in theory would be about a 10-year term, give-or-take. CRC is basically betting on the future, that property values will increase, driving up the tax revenue to the limit of the annual increase cap on commercial property (I think that's 3%). It should be noted that Keystone can't print money (unlike the Federal Treasury) so commercial property tax can only come from consumers, in this case the apartment renters and consumers of the goods and services offered by the ground floor retailers, and employees in the form of lower non-mandatory compensation items, such as bonuses, benefits, 401K match, etc.

  2. $3B would hurt Lilly's bottom line if there were no insurance or Indemnity Agreement, but there is no way that large an award will be upheld on appeal. What's surprising is that the trial judge refused to reduce it. She must have thought there was evidence of a flagrant, unconscionable coverup and wanted to send a message.

  3. As a self-employed individual, I always saw outrageous price increases every year in a health insurance plan with preexisting condition costs -- something most employed groups never had to worry about. With spouse, I saw ALL Indiana "free market answer" plans' premiums raise 25%-45% each year.

  4. It's not who you chose to build it's how they build it. Architects and engineers decide how and what to use to build. builders just do the work. Architects & engineers still think the tarp over the escalators out at airport will hold for third time when it snows, ice storms.

  5. http://www.abcactionnews.com/news/duke-energy-customers-angry-about-money-for-nothing

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