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Leases/leasing contracts

December 3, 2013
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-Piper Warehouse Inc. leased 196,838 square feet at 2222 Hillside Ave. The tenant was represented by Bryan Augustin and Drew Augustin of Alliance Commercial Group. The landlord, Hillside Investors LLC, was represented by Matt Kiger of Newmark Knight Frank Halakar.

-PRN Pharmaceutical Services renewed its lease for 39,795 square feet of office and light manufacturing space at 8351 Rockville Road. The tenant was represented by John Robinson of Jones Lang LaSalle. The landlord, NOVA 220 LLC, was represented by Jon Owens of Cassidy Turley.

-Caliber Funding LLC leased 10,158 square feet of office space at 10022 Lantern Road, Fishers. The tenant was represented by Jenna Barnett of Newmark Knight Frank Halakar. The landlord, Indiana Records Management, was represented by Dave Moore, Darrin Boyd and John Crisp of Cassidy Turley.
 
-Safety Management Group leased 6,560 square feet at 8335 Keystone Crossing. The landlord, Sourwine Real Estate Services, was represented by Andrew Martin and Bennett Williams of Cassidy Turley.  The tenant, Safety Management Group, was represented by Matt McGrady and Matthew Waggoner of Summit Realty Group.                

-Integrity Staffing Solution Inc. leased 5,504 square feet of industrial space at 6000 6488 Corporate Way. The tenant was represented by Kevin Dick of Colliers International. The landlord, GI Partners, was represented by Bryan Poynter and Russell Van Til of Cassidy Turley.

-Pint Room leased 5,162 square feet of retail space at Sophia Square, 110 W. Main St., Carmel. The tenant was represented by Robyn Smart of Echo Retail. The landlord, Carmel Lofts LLC, was represented by Bart Jackson and Scot Courtney of Lee & Associates.

-The Hydaker-Wheatlake Company leased 4,200 square feet and 2.75 acres at 1333 Terminal Road. The tenant and landlord, Carlotta Newman, were represented by Brian Dell of Summit Realty Group.                

-Living With Intention Inc. leased a 4,045-square-foot office building at 11979 Fishers Crossing Drive, Fishers. The tenant was represented by Stan Elser of Lee & Associates. The landlord, Riverview Hospital, was represented by Tyson Chastain of Cornerstone Cos.

-Hoffmaster Group Inc. leased 3,134 square feet of office space at 6602 E. 75th St. The tenant was represented by Matthew Waggoner of Summit Realty Group. The landlord, Entry Point Capital LLC, was represented by Andrew Martin and Bennett Williams of Cassidy Turley.

-First Watch leased 3,036 square feet of retail space at 2902 W. 86th St. The tenant was represented by Don Williams of Cassidy Turley. The landlord, Regency Centers, was represented by Keith Fried of Sitehawk Retail Real Estate.

-MedEx Inc. leased 2,750 square feet at 5644 S. Meridian St. The landlord, South Meridian Park LLC, was represented by Brian Dell of Summit Realty Group. The tenant represented itself.                 

-Takenaka Corp. (U.S.A.) renewed its leased for  2,670 square feet at 56 South Park Blvd., Greenwood. The landlord, South Park Group LLC, was represented by Brian Dell of Summit Realty Group. The tenant represented itself.

-Conveyor LLC renewed its lease for 2,400 square feet at 1729 S. US 31, Greenwood. The landlord, First Financial Collateral Inc., was represented by Brian Dell of Summit Realty Group. The tenant represented itself.                                  

-P. Brown & Co LLC leased 2,184 square feet of office space at 301 E. Carmel Drive, Carmel. The tenant was represented by Creighton Shook of Coldwell Banker Commercial Realty Services. The landlord, Carmel-301 LLC, was represented by Kevin Dick and Paul Dick of Colliers International.

-World Finance leased 1,750 square feet of retail space in Parkview Plaza, 1616 N. Lebanon St, Lebanon. The tenant was represented by Seth Biggerstaff of Veritas Realty. The landlord, Larry Nash, represented himself.

-Eagle Finance Co. leased 1,705 square feet at Yates Center, 1960 E. Stop 13 Road. The landlord, Yates Real Estate LLC, was represented by Keith Fried of Sitehawk Retail Real Estate. The tenant represented itself.
 
-GNC renewed its lease for 1,614 square feet of retail space at 540 630 W. Northfield Drive, Brownsburg. The landlord, ATC Realty One LLC, was represented by Jacque Haynes of Cassidy Turley. The tenant represented itself.

-Any Lab Test Now leased 1,200 square feet of retail space at 7818 E. 96th St., Fishers. The tenant was represented by Greg Smith of Colliers International. The landlord, NNE Associates LLC, was represented by Robyn Smart of Echo Retail.

-Buckingham Cos. leased 2.4 acres of land at 410 420 S. Main St., Zionsville. The landlord, EBO LLC, was represented by Bo Leffel of Cassidy Turley. 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.

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  5. http://www.abcactionnews.com/news/duke-energy-customers-angry-about-money-for-nothing

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