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Leases/leasing contracts

July 16, 2013
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-Kid Glove Service Inc. leased 563,820 square feet of industrial space at 2525 N. Shadeland Ave. The tenant was represented by Stan Elser of Lee & Associates. The landlord, 2525 Shadeland LLC, was represented by Todd Vannatta of Cassidy Turley.

-Building Bridges Early Learning Center leased 15,000 square feet at Madison on the Mall, 1211 N. Madison Ave., Greenwood. The landlord, Murnel Property LLC, was represented by Tracey Holtzman of Midland Atlantic Properties. The tenant represented itself.

-R&S Design Gallery leased 9,460 square feet of industrial space at 8730 8932 Corporation Drive. The tenant was represented by Cameron Kucic of Summit Realty Group. The landlord, Westminster Funds, was represented by Todd Vannatta of Cassidy Turley.

-On Time Delivery Inc. leased 7,200 square feet of industrial space at 5058 5148 W. 79th St. The tenant was represented by J.D. Graves of CBRE. The landlord, Iron Point Titan Asset Management LLC, was represented by Bryan Poynter of Cassidy Turley.

-Infodynamics leased 5,460 square feet of industrial space at 9855 Crosspoint Blvd. The tenant was represented by Bill Ehret of Summit Realty Group. The landlord, Clarion Partners, was represented by Fritz Kauffman and Bryan Poynter of Cassidy Turley.

-Heartland Fuel LLC leased 3,600 square feet of industrial space at 5333 5367 W. 86th St. The landlord, Iron Point Titan Asset Management LLC, was represented by Bryan Poynter of Cassidy Turley. The tenant represented itself.

-RSI Solutions Inc. leased 2,880 square feet of industrial space at 1761 N. Sherman Drive. The landlord, Brookside Industrial Park LLC, was represented by Fritz Kauffman and Michael Weishaar of Cassidy Turley. The tenant represented itself.

-Window Universe leased 2,700 square feet of industrial space at 5058 5148 W. 79th St. The tenant was represented by Bobbi Charters of RE/Max Lafayette Group. The landlord, Iron Point Titan Asset Management LLC, was represented by Bryan Poynter of Cassidy Turley.

-Krause Dental leased 2,674 square feet at Carey Shops, 3247 E. State Road 32, Westfield. The tenant was represented by Matt Jackson of Jackson IG. The landlord, H.W. Carey LLC, was represented by Dean Almas of Sitehawk Retail Real Estate.  

-Urban Furniture Discounters Mattress Store leased 2,400 square feet at Castleton Marketplace, 8383 Castleton Corner Drive. The landlord, Castleton Square Marketplace LLC, was represented by Jeff Hubley of Midland Atlantic Properties. The tenant represented itself.

-Wynright Corporation leased 2,400 square feet of industrial space at 5603 W. Raymond St. The tenant was represented by Eve Shirley of Carmen Commercial Real Estate Services. The landlord, Iron Point Titan Asset Management LLC, was represented by Bryan Poynter of Cassidy Turley.

-The Joint leased 2,159 square feet at Hamilton Town Center, Noblesville. The tenant was represented by Tracey Holtzman of Midland Atlantic Properties. The landlord, Hamilton Town Center LLC, was represented by Lorene Wright of Simon Property Group.

-Fanfare Tickets leased 2,154 square feet at 116th Street Centre, 33 E. 116th St., Fishers.  The landlord, TCP Guilford LLC, was represented by Keith Fried of Sitehawk Retail Real Estate. The tenant represented itself.

-Great Fermentations leased 1,800 square feet at Avon Crossing, 7900 E. U.S. 36, Avon.  The landlord, Cranfill Development Corp., was represented by Michael Cranfill of Sitehawk Retail Real Estate. The tenant represented itself.

-Century Business Products leased 1,800 square feet of industrial space at 8930 Bash St. The landlord, Westminster Funds, was represented by Todd Vannatta of Cassidy Turley. The tenant represented itself.

-Next Level Nutrition leased 1,000 square feet at Cool Creek Commons, 2456 E. 146th St., Carmel. The tenant was represented by Marilyn Farley of ReMax Select Inc. The landlord, Westfield One LLC, was represented by Andrew Hasbrook of Kite Realty Group.

-The Waxing Spot leased 884 square feet at 116th Street Centre, 33 E. 116th St., Fishers.  The landlord, TCP Guilford LLC, was represented by Keith Fried of Sitehawk Retail Real Estate. The tenant represented itself.
 

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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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