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Leases/leasing contracts

January 22, 2013
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-Indytworr LLC leased a 240,000-square-foot industrial building at 1428 Henry St. The tenant was represented by Bill Spencer of Anfield Advisors. The landlord, Power Chord Properties LLC, was represented by Rick Suja, Janice Paine and Rob Christman of Colliers International.   

-Zenith Global Logistics leased 90,400 square feet in Park 100 Building 85, 7826 Allison Ave. The tenant was represented by James Medbery of Binswanger Midwest of Indiana. The landlord, Duke Realty, was represented by Duke's Mark Hosfeld.

-LH Express LLC leased 60,800 square feet of industrial space at 5252 Decatur Blvd. The tenant was represented by Michael Weishaar of Cassidy Turley. The landlord, Industrial Income Trust, was represented by Luke Wessel of Cassidy Turley.

-Invisible Fence Brand/Paws and Play Dog Resort and Training Center leased 29,524 square feet of industrial space at 9001 E. 133rd St., Fishers. The tenant was represented by Jeffrey Merritt of Summit Realty Group. The landlord, EGO Enterprises, was represented by Michael Weishaar of Cassidy Turley.

-The Fresh Market leased 24,261 square feet at Delaware Commons, 11752 Cumberland Road, Fishers. The tenant was represented by Frank Swiss of Swissco Real Estate LLC. The landlord, Sunbeam Development, was represented by Mark Perlstein of Sitehawk Retail Real Estate.  
 
-Planet Fitness leased 24,202 square feet of retail space at 5206 W. 38th St. The tenant was represented by Bart Jackson and Scot Courtney of Lee & Associates. The landlord, MKIN LLC, was represented by Cindy Hoskinson and Herb Feldmann of Lee & Associates.

-Maginot Moore & Beck LLP leased 12,325 square feet at One Indiana Square at the corner of Ohio and Pennsylvania streets. The tenant was represented by Matt Langfeldt and Rich Forslund of Summit Realty Group. The landlord, One Indiana Square Associates,  was represented by Ralph Balber and Todd Maurer of Newmark Knight Frank Halakar Real Estate.

-Dollar Tree leased 11,700 square feet of retail space at Castleton Crossing, 5410-5540 E. 82nd St. The tenant was represented by Christian Conville of ECHO Retail. The landlord, American National Insurance Co., was represented by Bill French of Cassidy Turley.

-Five Below Inc. leased 9,328 square feet of retail space at Castleton Crossing, 5410-5540 E. 82nd St. The tenant was represented by Paul Gold of ECHO Retail. The landlord, American National Insurance Co., was represented by Bill French of Cassidy Turley.

-CrossFit Nap Town leased 5,600 square feet of retail space at 611 N. Delaware St. The landlord, McKee Realty Corp., was represented by Bill French of Cassidy Turley. The tenant represented itself.  

-American Rentals LLC leased 4,980 square feet at Southgate Center, 1902 E. 53rd St., Anderson. The landlord, Lor Corp., was represented by Stephen Daum and Jeff Merritt of Summit Realty Group. The tenant represented itself.

-rue21 Inc. leased 4,500 square feet of retail space at 4525 Lafayette Road. The tenant was represented by Bill French of Cassidy Turley. The landlord, Centre Properties, represented itself.

-Aveda Salon leased 3,945 square feet of retail space at 9893 N. Michigan Road, Carmel. The landlord, Casto, was represented by Jacque Haynes and John Byrne of Cassidy Turley. The tenant represented itself.

-Athletico of Carmel LLC leased 3,313 square feet of retail space at Cornerstone Commons, 912 S. Rangeline Road, Carmel. The tenant was represented by Craig Ramsay of Sitehawk Retail Real Estate. The landlord, B&D Carmel Properties LLC, was represented by Paul Dick and Kevin Dick of Colliers International.

-Home Buy Consign LLC leased 3,200 square feet of retail space at 4000 106th Street W., Zionsville. The landlord, Sena Realty FC LLC, was represented by Jacque Haynes of Cassidy Turley. The tenant represented itself.

-Professional Design Insurance Management renewed its lease for 3,025 square feet at Crosspoint VI, 9775 Crosspoint Blvd. The landlord, Young Realty Crosspoint Six, was represented by Tom English and John Baker of Sitehawk Retail Real Estate. The tenant represented itself.
 
-Texture Salon leased 3,000 square feet of retail space at 8150 Oaklandon Road. The tenant was represented by Bill French of Cassidy Turley. The landlord, Cassidy Turley acting as court-appointed receiver, was represented by Jacque Haynes of Cassidy Turley.

-YoYo Yogurt On Your Own Anson leased 2,878 square feet of retail space at 6705 S. State Road 334, Zionsville. The landlord, Duke Realty, was represented by Jacque Haynes and John Byrne of Cassidy Turley. The tenant represented itself.

-Revol Wireless leased 2,500 square feet at 8920 E Washington St. The tenant was represented by Courtney Carper of Equity Inc. The landlord, Irvin N. Ferverda, was represented by Craig Ramsay of Sitehawk Retail Real Estate.

-El Taquero de la 46 leased 2,400 square feet at 3089-3091 N. High School Road. The landlord, 30th & High School Company LP, was represented by Jeff Merritt of Summit Realty Group. The tenant represented itself.

-Dickey’s Barbecue Pit leased 2,400 square feet at The Shops at Metropolis, 2575 E Main St., Plainfield. The landlord, OWMII Venture LLC, was represented by Larry Davis and John Baker of Sitehawk Retail Real Estate.  The tenant represented itself.

-Moore Dentistry Inc. renewed its lease for 2,261 square feet at Olio Pavilion. 11630 Olio Road, Fishers. The landlord, Olio Pavilion, was represented by Keith Fried of Sitehawk Retail Real Estate. The tenant represented itself.

-Trillium Driver Solutions leased 1,800 square feet at 1445 Brookville Way. The tenant was represented by Jeff Merritt of Summit Realty Group. The landlord, First Industrial Realty Trust Inc., represented itself.

-New Outlook Counseling Center LLC leased 1,200 square feet of office space in Library Park, 1701 Library Blvd., Greenwood. The tenant and landlord, Ennis Co. Inc., were represented by Cathy Richards of Lee & Associates.
 

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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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