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Leases/leasing contracts

June 25, 2013
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-OHL renewed its lease for 379,332 square feet at 1101 Whitaker Road, Plainfield. The tenant was represented by Andrew Morris, Jeremy Woods and Andrea Hopper of Summit Realty Group and Steve Schwegman of Jones Lang LaSalle. The landlord, Transpacific Development Co., represented itself.

-SKH (Shaughnessy Kniep Hawe) Paper leased 42,500 square feet of industrial space at 2363-2383 Perry Road, Plainfield. The tenant was represented by Sean McHale of Colliers International. The landlord, Clarion Partners, was represented by Fritz Kauffman and Bryan Poynter of Cassidy Turley.

-National Hail and Dent Removal LLC leased 18,375 square feet of industrial space at 551 Earlywood Drive, Franklin. Both the tenant and landlord, Wertz Realty LLC, were represented by Don Treibic of Cassidy Turley.

-Sensory Technologies leased 17,492 square feet of industrial space at 6911-7061 Corporate Circle. The tenant was represented by Jake Sturman of Jones Lang LaSalle. The landlord, GI Partners, was represented by Bryan Poynter and Russell Van Til of Cassidy Turley.

-Cork Medical LLC leased 8,805 square feet of office space at 6406 Castleway Court. The tenant was represented by Matt Waggoner of Summit Realty Group. The landlord, NorthStar Realty Finance Corp., was represented by Dave Moore and Darrin Boyd of Cassidy Turley.

-Furniture Expressions leased 8,040 square feet of retail space in College Park Plaza-Ventures, 3443-8421 W 86th St. The landlord, Sandor Development, was represented by Drew Kelly of Sandor. The tenant represented itself.
 
-Leaders Moving leased 5,200 square feet of industrial space at 9900 Westpoint Drive. The tenant was represented by Dustin Looper of Colliers International. The landlord, Andrew Lowe, was represented by Fritz Kauffman and Bryan Poynter of Cassidy Turley.

-Finders Keepers leased 3,482 square feet of retail space in East 40 Plaza, 8506 E Washington St. The landlord, Sandor Development, was represented by Jeff Roberts of Sandor. The tenant represented itself.

-BSN Sports renewed its lease fo 3,200 square feet of industrial space at 7215 E. 21st St. The tenant was represented by Patrick Lindley of Cassidy Turley. The landlord, Justus Companies, represented itself.  

-D&F Assoc. Ltd., doing business as Miracle Method of Indianapolis West, leased 2,400 square feet of industrial space at 2445 Directors Row. The tenant was represented by Bryan Poynter of Cassidy Turley. The landlord, American National Insurance Co., was represented by Donald Wahle of Harshman Property Services LLC.

-World Finance leased 1,481 square feet at Western Plaza, 195 Sheridan Road, Carmel. The tenant was represented by Seth Biggerstaff of Veritas Realty. The landlord, Thompson Thrift, was represented by Ryan Menard of Thompson Thrift.

-Allstate Insurance leased 1,400 square feet of retail space in Old Town Shoppes, 1264 W. 86th St. The landlord, Sandor Development, was represented by Drew Kelly of Sandor. The tenant represented itself.

-Wings & Seafood leased 1,237 square feet of retail space in Esquire Plaza, 8237 Pendleton Pike. The landlord, Sandor Development, was represented by Jeff Roberts of Sandor. The tenant represented itself.

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  1. Apologies for the wall of text. I promise I had this nicely formatted in paragraphs in Notepad before pasting here.

  2. I believe that is incorrect Sir, the people's tax-dollars are NOT paying for the companies investment. Without the tax-break the company would be paying an ADDITIONAL $11.1 million in taxes ON TOP of their $22.5 Million investment (Building + IT), for a total of $33.6M or a 50% tax rate. Also, the article does not specify what the total taxes were BEFORE the break. Usually such a corporate tax-break is a 'discount' not a 100% wavier of tax obligations. For sake of example lets say the original taxes added up to $30M over 10 years. $12.5M, New Building $10.0M, IT infrastructure $30.0M, Total Taxes (Example Number) == $52.5M ININ's Cost - $1.8M /10 years, Tax Break (Building) - $0.75M /10 years, Tax Break (IT Infrastructure) - $8.6M /2 years, Tax Breaks (against Hiring Commitment: 430 new jobs /2 years) == 11.5M Possible tax breaks. ININ TOTAL COST: $41M Even if you assume a 100% break, change the '30.0M' to '11.5M' and you can see the Company will be paying a minimum of $22.5, out-of-pocket for their capital-investment - NOT the tax-payers. Also note, much of this money is being spent locally in Indiana and it is creating 430 jobs in your city. I admit I'm a little unclear which tax-breaks are allocated to exactly which expenses. Clearly this is all oversimplified but I think we have both made our points! :) Sorry for the long post.

  3. Clearly, there is a lack of a basic understanding of economics. It is not up to the company to decide what to pay its workers. If companies were able to decide how much to pay their workers then why wouldn't they pay everyone minimum wage? Why choose to pay $10 or $14 when they could pay $7? The answer is that companies DO NOT decide how much to pay workers. It is the market that dictates what a worker is worth and how much they should get paid. If Lowe's chooses to pay a call center worker $7 an hour it will not be able to hire anyone for the job, because all those people will work for someone else paying the market rate of $10-$14 an hour. This forces Lowes to pay its workers that much. Not because it wants to pay them that much out of the goodness of their heart, but because it has to pay them that much in order to stay competitive and attract good workers.

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  5. It is sad to see these races not have a full attendance. The Indy Car races are so much more exciting than Nascar. It seems to me the commenters here are still a little upset with Tony George from a move he made 20 years ago. It was his decision to make, not yours. He lost his position over it. But I believe the problem in all pro sports is the escalating price of admission. In todays economy, people have to pay much more for food and gas. The average fan cannot attend many events anymore. It's gotten priced out of most peoples budgets.

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