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Leases/leasing contracts

April 29, 2013
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-HG Metals Inc. leased 25,950 square feet of industrial space at 1670 1740 Wales Ave. / 3970 3974 E. 16th St. The tenant was represented by JD Graves of CBRE. The landlord, Brookside Industrial Park LLC, was represented by Fritz Kauffman and Michael Weishaar of Cassidy Turley.

-Petco Animal Supplies Stores Inc. leased 12,500 square feet of retail space at 7565 U.S. 31 South. The landlord, Nationwide Investments, was represented by Bill French of Cassidy Turley. The tenant represented itself.

-Krav Maga Training Center leased 6,169 square feet of retail space in Fishers Crossing, 7266 Fishers Crossing Drive, Fishers.  The tenant was represented by Stephen Ladig of Ladig Realty. The landlord, Viking Partners Fishers LLC, was represented by Jamison Downs, Seth Biggerstaff and Kyle Hughes of Veritas Realty.

-Delicia leased a 6,000-square-foot freestanding retail building at 5215 N. College Ave. The landlord, Glendale Partners of South Broad Ripple LLC, was represented by Kyle Hughes and Paul Rogozinski of Veritas Realty. The tenant represented itself.
 
-MedExpress Urgent Care leased 4,803 square feet of retail space at 4903 S. Emerson Ave.  The tenant was represented by Harley Carroll of Petroplus Lane  LLC. The landlord, Kovacs Enterprises LLC, was represented by Jamison Downs and Seth Biggerstaff of Veritas Realty.

-Mattress World leased 3,200 square feet of retail space in Emerson Commons, 6814 S. Emerson Ave. The tenant was represented by Jamison Downs and Kyle Hughes of Veritas Realty. The landlord, First Emerson Commons Way LLC, was represented by John Baker, Tom English and Larry Davis of Sitehawk Retail Real Estate.

-Divine Savior Lutheran Church leased 3,000 square feet of retail space in Village at Main, 11361 Village Square Lane, Fishers. The tenant was represented by Seth Biggerstaff of Veritas Realty. The landlord, Jordan Fishers LLC, was represented by Keith Dedrick of Corporate Commercial Group.

-Yats leased 2,453 square feet at Trail Side, 885 and 887 Massachusetts Ave.  The tenant was represented by Gary Perel of Newmark Knight Frank Halakar. The landlord, Trail Side Retail Flats LLC, was represented by Mike Sprovtsoff Jr. of Monument Realty.  
 
-Matthew Sutika Agency/State Farm leased 2,400 square feet at The Pavilion at Castleton, 5953 E 86th St. The tenant was represented by Mark Perlstein of Sitehawk Retail Real Estate. The landlord, Stough Associates LP, was represented by Greg Smith and Joe Tarpey of Colliers International.  
 
-Jordan’s Fish & Chicken leased 1,600 square feet of retail space in Shadeland Crossing, 7534 N. Shadeland Ave. The landlord, Glendale Partners of Geist Crossing II LLC, was represented by Kyle Hughes, Paul Rogozinski, and Seth Biggerstaff of Veritas Realty. The tenant represented itself.

-BizCard Express leased 1,200 square feet of retail space in Geist Crossing Shoppes, 9745 Fall Creek Road.  The landlord, Glendale Partners of Shadeland Shoppes LLC, was represented by Kyle Hughes, Paul Rogozinski, and Seth Biggerstaff of Veritas Realty. The tenant represented itself.

-Any Lab Test Now leased 1,200 square feet at Avon Crossing, 7810 E. U.S. 36, Avon. The landlord, Cranfill Development Corp, was represented by Michael Cranfill of Sitehawk Retail Real Estate. The tenant represented itself.

-GM Sportswear leased 699 square feet of office space at 5455 W. 86th St. The landlord, Polaris Commercial Investments, was represented by Dan Baldini of Polaris Real Estate. The tenant represented itself.
 

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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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