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Leases/leasing contracts

January 7, 2014
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-Newegg leased 412,808 square feet at WorldConnect@Ameriplex, Building 1, 6161 Decatur Blvd. The tenant was represented by Mark Writt and Scott Belfer of CBRE. The landlord, Industrial Developments International, was represented by Andrew Morris, Jeremy Woods and Andrea Hopper of Summit Realty Group and Doug Armbruster and Jeremy Kraus of IDI.

-Eagle Adjusting Services Inc. leased 12,588 square feet of industrial space at 14701 Cumberland Road, Noblesville. The tenant was represented by John Crisp of Cassidy Turley. The landlord, Taylored Systems, represented itself.

-R.S. Hughes leased 8,940 square feet of industrial space at 5058-5148 W. 79th St. The tenant was represented by Ken Boyd of Jackson & Cooksey. The landlord, Iron Point Titan Asset Management LLC, was represented by Bryan Poynter of Cassidy Turley.

-National Programming Service LLC leased 8,577 square feet at 7320 E. 86th St. The tenant was represented by Yumi Goodman of Colliers International. The landlord, East 86th Street Partners LLC, represented itself.

-Trophy Technologies LLC leased 8,568 square feet of industrial space at 8857 Bash St. The landlord, Westminster Funds, was represented by Todd Vannatta of Cassidy Turley. The tenant represented itself.

-Anixter Inc. leased 6,000 square feet of industrial space at 6911-7061 Corporate Circle. The tenant was represented by Jeffrey Harris of NAI Meridian Real Estate Services. The landlord, GI Partners, was represented by Russ Van Til and Bryan Poynter of Cassidy Turley.

-Scotlynn USA Division Inc. leased 4,813 square feet of office space at 8335 Keystone Crossing. The tenant was represented by Spero Pulos of Lee & Associates. The landlord, Sourwine Real Estate Services, was represented by Andrew Martin and Bennett Williams of Cassidy Turley.

-Rio Grande Fresh Mexican Grill leased 4,800 square feet of retail space at Hague Road Center, 20805 Hague Road, Noblesville. The landlord, Harshman & Hays Three LLC, was represented by Larry W. Harshman of Harshman Property Services LLC. The tenant represented itself.

-In Site Art Consulting Group Inc. leased 3,163 square feet of office space at 6330 E. 75th St. The tenant was represented by Matt Jackson of Jackson Investment Group. The landlord, Henderson Global Investors North America Inc., was represented by Bennett Williams and Todd Vannatta of Cassidy Turley.

-Skywave Technology Partners leased 3,000 square feet at 4000 Georgetown Road Shopping Center. The tenant was represented by Sharon Thompson of KW Commercial and Keller Williams Indy Metro North. The landlord, Stanford Property Management LLC, represented itself.

-Znachko Associates Inc. leased 2,500 square feet of office space at 5875 Castle Creek Parkway. The tenant was represented Mike Napariu of REI Real Estate Services. The landlord, LSREF2 OREO, was represented by Matt Langfeldt of Summitt Realty Group.

-Elite Management Services LLC leased 2,446 square feet in the Stock Yards Bank Building, 136 E. Market St. The landlord, Crown Stock Yards LLC, was represented by Larry W. Harshman of Harshman Property Services LLC. The tenant represented itself.

-Gilday & Associates PC leased 2,223 square feet at One Indiana Square. The tenant was represented by Yumi Goodman of Colliers International. The landlord, One Indiana Square Associates LLC, was represented by Ralph Balber of Newmark Knight Frank Halakar.

-Arch Eyebrows leased 1,200 square feet at Speedway Plaza, 6137 Crawfordsville Road.  The landlord, Plaza at Speedway LLC, was represented by Scott Gray and Michael Cranfill of Sitehawk Retail Real Estate. The tenant represented itself.

-Health Spot leased 1,141 square feet at 9778 E. 116th St., Fishers. The tenant was represented by Kyle Hughes of Veritas Realty LLC. The landlord, Sunbeam Development Corp., was represented by Mark Perlstein of Sitehawk Retail Real Estate.

-OPYS Physician Services LLC leased 875 square feet in the Barrister Building, 155 E. Market St. The landlord, Crown Barrister LLC, was represented by Larry W. Harshman of Harshman Property Services LLC. 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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