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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. 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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