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Leases/leasing contracts

February 4, 2014
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-Kelly Box and Packaging Corp. leased 76,548 square feet of industrial space at 3035 N. Shadeland Ave. The tenant was represented by Bart Book of Cassidy Turley. The landlord, Vomela Specialty Co., was represented by Todd Vannatta and Bennett Williams of Cassidy Turley.

-Lanter Delivery Systems Inc. leased 14,548 square feet of industrial space at 8435 Georgetown Road. The landlord, Biynah Industrial Partners LLC, was represented by Michael Weishaar and Todd Vannatta of Cassidy Turley. The tenant represented itself.

-American Industrial Services LLP leased 8,175 square feet of industrial space at 612 Blanchard St., Shelbyville. The tenant was represented by Adam Browning of Evergreen Investment Corp. The landlord, 222 Group LLC, was represented by Todd Vannatta of Cassidy Turley.

-Associated Material Handling leased 6,352 square feet at 4444 Decatur Blvd. The landlord, CP Ventures LP, was represented by Brian Dell and Ryan Kelly of Summit Realty Group. The tenant represented itself.
                  
-PLS of Indiana LLC leased 4,840 square feet at 50 South Park Blvd., Greenwood. The tenant was represented by Keith Turnbill of RE/MAX Select Realtors. The landlord, South Park Group LLC., was represented by Brian Dell of Summit Realty Group.

-Casey’s Custom Café leased 3,346 square feet of retail space in Fortune Park at 4030 Vincennes Road. The tenant was represented by Cindy Hoskinson of Lee & Associates. The landlord, CP Vincennes LLC, was represented by Tom Ott of Coastal Partners LLC.

-Dr. Bethany Geyman DDS Inc. leased 3,200 square feet at 4450 Weston Pointe Drive, Suite 100. The tenant was represented by Matt Jackson of Jackson IG. The landlord, Sena Realty WP LLC, represented itself.

-CSC Covansys Corp. renewed its lease for 3,080 square feet at 1499 Windhorst Way, Greenwood. The tenant was represented by Jimmy Clark of Jones Lang LaSalle. The landlord, South Park Group LLC, was represented by Brian Dell of Summit Realty Group.

-Extra Space Management Inc. leased 2,034 square feet of office space in Polk Place, 435 E. Main St., Greenwood. The tenant was represented by Cathy Richards of Lee & Associates. The landlord, Randy Faulkner & Associates Inc., was represented by Bruce Richardson of My Agent.
            
-Aspect Supportability Consultants Ltd. leased 1,942 square feet of office space at Delaware Crossing II, 10100 Lantern Road, Fishers. The landlord, Genesis Development Group LLC, was represented by Kevin Dick and Paul Dick of Colliers International. The tenant represented itself.

-Yats leased 1,754 square feet at Rockville Station, 9259 E. U.S. 36, Avon. The tenant was represented by Kyle Hughes of Veritas Realty. The landlord, Rockville Station LLC, was represented by Keith Fried of Sitehawk Retail Real Estate.

-Which Wich Superior Sandwiches leased 1,600 square feet of retail space in Fishers Marketplace Shopping Center, 13180 Market Square Drive, Fishers. The tenant was represented by Bart Jackson and Scot Courtney of Lee & Associates. The landlord, Fishers Market Square Drive LLC, was represented by Ryan Menard of Thompson Thrift.

-Prolific Cuts leased 1,200 square feet of retail space in Gable Village Shoppes, 9719 E. U.S. 36, Avon. The tenant and landlord, Rockville LLC, were represented by Cindy Hoskinson of Lee & Associates.

-Indiana Shingle Recycling LLC leased 5.96 acres at 3800 S Harding St. The landlord, L&S Kopetsky Realty LLC, was represented by Brian Dell of Summit Realty Group. 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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