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Leases/leasing contracts

December 4, 2012
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-JPMorgan Chase Bank extended its lease for 204,068 square feet at Chase Tower, 111 Monument Circle. The tenant was represented by Nick Arterburn of CBRE. The landlord, CW Monument Circle Inc., was represented by John Robinson and Adam Broderick of Jones Lang LaSalle.

-Shoe Sensation Inc. leased 8,050 square feet of retail space at 1600 E. Michigan Road, Shelbyville. The landlord, Cassidy Turley acting as court-appointed receiver, was represented by Jacque Haynes of Cassidy Turley. The tenant represented itself.

-Center for Orthopedic Surgery & Sports Medicine leased 6,722 square feet of retail space at 1675 W. Smith Valley Road, Greenwood. The landlord, CW Capital Asset Management LLC, was represented by Bill French of Cassidy Turley. The tenant represented itself.

-Cunningham Weatherspoon Agencies leased 6,008 square feet of office space at 9800-9880 Westpoint Drive. The landlord, Crosspoint Partners, was represented by Darrin Boyd and Dave Moore of Cassidy Turley. The tenant represented itself.

-Indy Auctions leased 5,151 square feet of industrial space at 7226 E. 87th St. The tenant was represented by Spero Pulos of Lee & Associates. The landlord, Westminster Northeast, was represented by Todd Vannatta and Bryan Miller of Cassidy Turley.

-Spence Inc. dba Anytime Fitness leased 5,000 square feet of retail space in Greenfield Station Shopping Center, 1921 Melody Lane, Greenfield. The tenant was represented by Brent Godbout of Franchise Real Estate. The landlord, LOR Corp., was represented by Jacque Haynes of Cassidy Turley.   

-Wireless@Work leased 3,887 square feet of office space at 9800 9880 Westpoint Drive. The landlord, Crosspoint Partners, was represented by Darrin Boyd and Dave Moore of Cassidy Turley. The tenant represented itself.

-America's Best Contacts & Eyeglasses leased 3,255 square feet of retail space at Nora Plaza Shopping Center, 1300 E. 86th St. The tenant was represented by Allison Hawley of Cassidy Turley. The landlord, Ramco Gershenson Properties Trust, represented itself.

-Weichert Realtors leased 3,129 square feet of office space at 1980 E. 116th St., Carmel. The tenant was represented by Sam Smith of Colliers International. The landlord, Clarkland Properties, was represented by Darrin Boyd and Dave Moore of Cassidy Turley.

-Lincoln Square Pancake House renewed its lease for 2,800 square feet of retail space at 8150 Oaklandon Road. The landlord, Cassidy Turley acting as court-appointed receiver, was represented by Jacque Haynes of Cassidy Turley. The tenant represented itself.

-The Cellular Connection leased 2,690 square feet of retail space at 4903 S. Emerson Ave. The tenant was represented by Jamison Downs of Veritas Realty. The landlord, Kovacs Enterprises LLC, represented itself.    

-The Cellular Connection leased 2,545 square feet of retail space at The Centre, 1360 S. Rangeline Road, Carmel. The tenant was represented by Jamison Downs of Veritas Realty. The landlord, KRG Centre LLC, was represented by Blake Beaver of Kite Realty Group.

-Renew Cosmetic Spa leased 2,480 square feet at Hunter’s Quest, 102-122 E. Carmel Drive, Carmel. The landlord, The Fineberg Group LLC, was represented by Patrick Boyle of Midland Atlantic Properties and Brian Fineberg of Fineberg Property Services. The tenant represented itself.

-Five Guys Burgers & Fries leased 2,400 square feet in Brownsburg Village Shopping Center, 124 E. Northfield Drive, Suite H, Brownsburg. The tenant was represented by Jason Challand of Echelon Realty. The landlord, BVSC LLC, was represented by Jodi Milto of Midland Atlantic Properties.
 
-A+ Auto Glass leased 1,920 square feet of retail space at 8630 Pendleton Pike. The landlord, Master Automotive Services Group LLC, was represented by Ron Mannon of Lee & Associates. The tenant represented itself.
   
-Appliance Shop leased 1,000 square feet at Irvington Plaza, 6200 E. Washington St. The landlord, Irvington Plaza Associates, was represented by Patrick Boyle of Midland Atlantic Properties. The tenant represented itself.

-Wound Healing Care Centers of Indiana leased an additional 935 square feet of medical space at 8355 Rockville Road. The tenant and landlord, Cloverleaf Property Group LLC, were represented by Allen Culpepper and Jason Alsup of RE/MAX Centerstone.

-Indy Mobile leased 850 square feet of retail space in 30th & Kessler Center, 3119 W. 30th St. The tenant and landlord, DEWERCS One LLC, were represented by  Cindy Hoskinson and Herb Feldmann 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.

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

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