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Leases/leasing contracts

October 30, 2012
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-International Paper leased 144,000 square feet of industrial space at 5021 W. 81st St. The landlord, Prologis, was represented by Luke Wessel of Cassidy Turley. The tenant represented itself.

-Kittle’s Home Furnishings leased 33,032 square feet at Southport Plaza, 7565 US 31 South. The tenant was represented by Mark Perlstein of Sitehawk Retail Real Estate. The landlord, Southport Plaza, was represented by Bill French of Cassidy Turley.  

-El Chispas leased 19,260 square feet at Lafayette Shoppes, 3840-3882 Lafayette Road. The tenant was represented by Larry Harshman of Harshman Property Services LLC. The landlord, The Broadbent Co., was represented by Broadbent’s Jim Mosher.

-Dick’s Last Resort leased 6,240 square feet at Square 74, 111 W Maryland St.  The tenant and landlord, Square 74 Associates LLC, were represented by Steve Delaney of Sitehawk Retail Real Estate.  

-ATG Rehab leased 4,372 square feet of industrial space at 5804 W. 74th St. in Park 100. The tenant was represented by Richard R. King III and Steve Beals of Lee & Associates. The landlord, Park Creek Venture, was represented by Kate Ems of Duke Realty.

-Cooperative Managed Care Services LLC leased 3,691 square feet of office space at 9045 River Road. The tenant was represented by Sam Smith and Kevin Dick of Colliers International. The landlord, Duke Realty Limited Partnership, was represented by Adam Seger of Duke Realty.

-America's Best Contacts & Eyeglasses leased 3,255 square feet of retail space in the Nora Plaza Shopping Center, at the northwest corner of 86th Street and Westfield Boulevard. The tenant was represented by Allison Hawley of Cassidy Turley. The landlord, Ramco Gershenson Properties Trust, represented itself.

-Travel By Design leased 2,990 square feet of office space at 11559 Cumberland Road, Fishers. The landlord, Shamrock Builders, was represented by Darrin Boyd and Dave Moore of Cassidy Turley. The tenant represented itself.

-Tracey Tabor Williams, DMD, renewed her lease for 2,690 square feet of office space at 303 N. Alabama St. The tenant was represented by Todd Morris of JTM Commercial. The landlord, DH Realty LLC, was represented by Jon Owens and Russ Van Til of Cassidy Turley.   
   
-Range Line Chiropractic leased 1,875 square feet of retail space at 614 622 S. Rangeline Road, Carmel. The tenant was represented by Allison Hawley of Cassidy Turley. The landlord, Mohawk Management, represented itself.

-ENS Group leased 1,360 square feet of office space at 11978 Fishers Crossing Drive, Fishers. The landlord, Shamrock Builders, was represented by Darrin Boyd and Dave Moore of Cassidy Turley. The tenant represented itself.   

-Great Care renewed its lease for 1,077 square feet of office space at 6515 E. 82nd St. The landlord, NorthStar Realty Finance Corp., was represented by Dave Moore and Darrin Boyd of Cassidy Turley. The tenant represented itself.

-Maximum BMX leased 960 square feet of retail space at Green Meadows Shopping Center, 1542 N. State St., Greenfield. The landlord, Green Meadows Shopping Center LLC, was represented by Brady Clements of Skyline Property Group. The tenant represented itself.   

-The Mint Salon leased 820 square feet of retail office space at Lake Plaza, 6801 Lake Plaza Drive, Suite C304. The landlord, Lake Plaza LLC, was represented by Brady Clements of Skyline Property Group. The tenant represented itself.

-World Finance Company leased 800 square feet of office space at Lake Plaza, 6801 Lake Plaza Drive, Suite C304. The landlord, Lake Plaza LLC, was represented by Brady Clements of Skyline Property Group. The tenant represented itself.

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  1. Cramer agrees...says don't buy it and sell it if you own it! Their "pay to play" cost is this issue. As long as they charge customers, they never will attain the critical mass needed to be a successful on company...Jim Cramer quote.

  2. My responses to some of the comments would include the following: 1. Our offer which included the forgiveness of debt (this is an immediate forgiveness and is not "spread over many years")represents debt that due to a reduction of interest rates in the economy arguably represents consideration together with the cash component of our offer that exceeds the $2.1 million apparently offered by another party. 2. The previous $2.1 million cash offer that was turned down by the CRC would have netted the CRC substantially less than $2.1 million. As a result even in hindsight the CRC was wise in turning down that offer. 3. With regard to "concerned Carmelite's" discussion of the previous financing Pedcor gave up $16.5 million in City debt in addition to the conveyance of the garage (appraised at $13 million)in exchange for the $22.5 million cash and debt obligations. The local media never discussed the $16.5 million in debt that we gave up which would show that we gave $29.5 million in value for the $23.5 million. 4.Pedcor would have been much happier if Brian was still operating his Deli and only made this offer as we believe that we can redevelop the building into something that will be better for the City and City Center where both Pedcor the citizens of Carmel have a large investment. Bruce Cordingley, President, Pedcor

  3. I've been looking for news on Corner Bakery, too, but there doesn't seem to be any info out there. I prefer them over Panera and Paradise so can't wait to see where they'll be!

  4. WGN actually is two channels: 1. WGN Chicago, seen only in Chicago (and parts of Canada) - this station is one of the flagship CW affiliates. 2. WGN America - a nationwide cable channel that doesn't carry any CW programming, and doesn't have local affiliates. (In addition, as WGN is owned by Tribune, just like WTTV, WTTK, and WXIN, I can't imagine they would do anything to help WISH.) In Indianapolis, CW programming is already seen on WTTV 4 and WTTK 29, and when CBS takes over those stations' main channels, the CW will move to a sub channel, such as 4.2 or 4.3 and 29.2 or 29.3. TBS is only a cable channel these days and does not affiliate with local stations. WISH could move the MyNetwork affiliation from WNDY 23 to WISH 8, but I am beginning to think they may prefer to put together their own lineup of syndicated programming instead. While much of it would be "reruns" from broadcast or cable, that's pretty much what the MyNetwork does these days anyway. So since WISH has the choice, they may want to customize their lineup by choosing programs that they feel will garner better ratings in this market.

  5. The Pedcor debt is from the CRC paying ~$23M for the Pedcor's parking garage at City Center that is apprased at $13M. Why did we pay over the top money for a private businesses parking? What did we get out of it? Pedcor got free parking for their apartment and business tenants. Pedcor now gets another building for free that taxpayers have ~$3M tied up in. This is NOT a win win for taxpayers. It is just a win for Pedcor who contributes heavily to the Friends of Jim Brainard. The campaign reports are on the Hamilton County website. http://www2.hamiltoncounty.in.gov/publicdocs/Campaign%20Finance%20Images/defaultfiles.asp?ARG1=Campaign Finance Images&ARG2=/Brainard, Jim

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