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Leases/leasing contracts

February 26, 2013
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-Click Ship Commerce leased 25,850 square feet at Hillsdale Business Park, 7700 N. Shadeland Ave. The tenant was represented by Brian Buschuk of Jones Lang LaSalle. The landlord, Hillsdale Property Co. LLC, was represented by Jack Hogan and Kevin Gillihan of Jones Lang LaSalle.

-DialAmerica Marketing Inc. leased 24,012 square feet at 4030 Vincennes Road. The tenant was represented by Kevin Gillihan and Denice Michel of Jones Lang LaSalle. The landlord, Coastal Partners LLC, was represented by Tom Hadley and Matt Waggoner of Summit Realty Group.

-KBD Inc., dba Kitchens by Design, extended its lease and expanded to a total of 7,146 square feet of retail space in Nora Corners, 1530 E. 86th St. The tenant was represented by Brett Burch of Valenti Real Estate Services Inc.  The landlord, DLC Management Corp., represented itself.

-Mackenzie River Pizza leased 5,500 square feet at The Corner, 11600 Westfield Blvd., Carmel. The tenant was represented by Andrew Clifford of 7D Commercial Real Estate.  The landlord, Corner Associates LP., was represented by Blake Beaver of Kite Realty Group.  

-AECOM leased 4,947 square feet at 4030 Vincennes Road. The tenant was represented by Tim Craft of CBRE. The landlord, Coastal Partners LLC, was represented by Tom Hadley and Matt Waggoner of Summit Realty Group.

-Garrison Law Firm LLC leased 4,268 square feet at Castle Creek III, 8720 Castle Creek Parkway. The tenant was represented by Paul Dick of Colliers International. The landlord, Castle Creek Parkway LLC, was represented by Matt Langfeldt and Rich Forslund of Summit Realty Group.

-Pittsley Investment Group leased 4,029 square feet of office space at 9100 Keystone Crossing. The tenant was represented by Jonathan Hardy and James Shook of Coldwell Banker Commercial Realty Services. The landlord, Philadelphia-based BPG Properties Ltd., was represented by John R. Robinson and Abby Cooper Zito of Jones Lang LaSalle.

-Laboratory Corp. of America leased 2,966 square feet at Shadeland Medical Building, 7914 N. Shadeland Ave. The landlord, Medical Shadeland Office LLC, was represented by Scott Levinson of Urbahns Property Group. The tenant represented itself.

-Accelerated Health Systems LLC leased 2,875 square feet at Cumberland Pointe Marketplace, 15887 N. Cumberland Road, Noblesville. The tenant was represented by Jonathan Sharp of Sharp Commercial Corp. The landlord, Cumberland Pointe Retail Commons LLC, was represented by Scott Levinson of Urbahns Property Group

-Little Caesar’s leased 2,400 square feet at Irvington Plaza, 6200 E. Washington St. The tenant was represented by Ron Mannon of Lee & Associates. The landlord, Irvington Plaza Associates, was represented by Patrick Boyle of Midland Atlantic.

-The Architecture Studio Inc. leased 1,883 square feet at Castle Creek V, 5750 Castle Creek Parkway. The tenant was represented by Dave Black Of Cresa Partners. The landlord, Castle Creek Parkway LLC, was represented by Matt Langfeldt and Rich Forslund of Summit Realty Group.

-WGP Enterprises Inc., dba Jimmy Stix Pizzeria, leased 1,810 square feet of retail space at Boardwalk Shoppes, 720 Adams St., Carmel.  The tenant was represented by Stacie Yeager of Encore Sotheby’s. The landlord, KLC Realty LLC, was represented by Greg Smith of Colliers International.

-Elements Therapeutic Massage leased 1,610 square feet at Clearwater Shoppes, 3965 E. 82nd St.  The tenant was represented by Jeff Hubley of Midland Atlantic Properties. The landlord, Broadbent Co., was represented by John Beuoy of Broadbent.

-Kumon Learning Center leased 1,600 square feet at Hunter’s Run, 162-180 E. Carmel Drive, Carmel.  The landlord, The Fineberg Group, was represented by Patrick Boyle of Midland Atlantic Properties and Brian Fineberg of Fineberg Property Services. The tenant represented itself.

-Pandemonium leased 1,234 square feet at Madison on the Mall, 1211 N. Madison Ave., Greenwood. The tenant was represented by Brenda Richards of Carpenter Realtors. The landlord, Murnel Property LLC, was represented by Tracey Holtzman of Midland Atlantic Properties.

-Lakeshore Marketing leased 1,070 square feet at Allison Run III, 5511 E. 82nd St. The tenant was represented by Molly Miller of Newmark Knight Frank Halakar. The landlord, Urbahns Cos. Inc., was represented by Scott Levinson of Urbahns Property Group.

-Apex Infinite Solutions LLP leased 669 square feet at 120 E. Market St., Suite 607. The tenant and landlord, Felling Investment LLC, represented themselves in the transaction.

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  1. PJ - Mall operators like Simon, and most developers/ land owners, establish individual legal entities for each property to avoid having a problem location sink the ship, or simply structure the note to exclude anything but the property acting as collateral. Usually both. The big banks that lend are big boys that know the risks and aren't mad at Simon for forking over the deed and walking away.

  2. Do any of the East side residence think that Macy, JC Penny's and the other national tenants would have letft the mall if they were making money?? I have read several post about how Simon neglected the property but it sounds like the Eastsiders stopped shopping at the mall even when it was full with all of the national retailers that you want to come back to the mall. I used to work at the Dick's at Washington Square and I know for a fact it's the worst performing Dick's in the Indianapolis market. You better start shopping there before it closes also.

  3. How can any company that has the cash and other assets be allowed to simply foreclose and not pay the debt? Simon, pay the debt and sell the property yourself. Don't just stiff the bank with the loan and require them to find a buyer.

  4. If you only knew....

  5. The proposal is structured in such a way that a private company (who has competitors in the marketplace) has struck a deal to get "financing" through utility ratepayers via IPL. Competitors to BlueIndy are at disadvantage now. The story isn't "how green can we be" but how creative "financing" through captive ratepayers benefits a company whose proposal should sink or float in the competitive marketplace without customer funding. If it was a great idea there would be financing available. IBJ needs to be doing a story on the utility ratemaking piece of this (which is pretty complicated) but instead it suggests that folks are whining about paying for being green.

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