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Leases/leasing contracts

February 18, 2014
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-Bingham Greenbaum Doll renewed its lease for 78,090 square feet at 10 W. Market St. The tenant was represented by John Vandenbark, Dan Richardson and Nick Svarczkopf of CBRE, and Freihofer Inc. The landlord, HDG Mansur, represented itself.

-Kids Against Hunger leased 4,950 square feet at 5230 Park Emerson Drive. The tenant was represented by Michael P. Sloan of The Broadbent Group. The landlord, Dominion Realty, represented itself.

-Crane 1 Services leased 3,300 square feet of industrial space at 3250 N. Post Road. The landlord, Iron Point Titan Asset Management LLC, was represented by Bryan Poynter of Cassidy Turley. The tenant represented itself.

-J&W HSP LLC leased 2,910 square feet of retail space at 1675 W. Smith Valley Road, Greenwood. The tenant was represented by John Schick of Schick Properties LLC. The landlord, CW Capital Asset Management, was represented by Bill French of Cassidy Turley.

-Emerge Monitoring Inc. leased 2,500 square feet at 22 N. Delaware St. The tenant and landlord, the Law Office of David Foley, were represented by Michael P. Sloan of The Broadbent Group.

-Indiana Latino Institute leased 2,046 square feet of office space at 401 W. Michigan St. The tenant was represented by Debra Williams of DTM Real Estate Services LLC. The landlord, American College of Sports Medicine Inc., was represented by Spud Dick of Cassidy Turley.

-Green Heart Inc. leased 1,991 square feet in Castle Creek III, 8720 Castle Creek Parkway. The landlord, Hudson Advisors LLC, was represented by Matt Langfeldt and Rich Forslund of Summit Realty Group. The tenant represented itself.

-Air Cleaning Specialists leased 1,800 square feet of industrial space in Greenwood Oaks Business Centre, 500 S. Polk St., Greenwood. The tenant and landlord, Greenwood Oaks Investments LLC, were represented by Cathy Richards of Lee & Associates.

-SRI Inc. leased 1,347 square feet in Castle Creek III, 8720 Castle Creek Parkway. The landlord, Hudson Advisors LLC, was represented by Matt Langfeldt and Rich Forslund of Summit Realty Group. The tenant represented itself.

-Future Electronic Corp. leased 1,316 square feet in Castle Creek V, 5750 Castle Creek Parkway. The tenant was represented by David Creiner of Jackson & Cooksey. The landlord, Hudson Advisors LLC, was represented by Matt Langfeldt and Rich Forslund of Summit Realty Group.

-MBP Distinctive Catering leased 1,300 square feet at 150 W. Market St. The landlord, the National Education Association, was represented by Matt Langfeldt and Rich Forslund of Summit Realty Group. The tenant represented itself.

-Edward D. Jones & Co. LP leased 1,229 square feet in Castle Creek III, 8720 Castle Creek Parkway. The tenant was represented by Dave Ellis of Fenway Real Estate Services Inc. The landlord, Hudson Advisors LLC, was represented by Matt Langfeldt and Rich Forslund of Summit Realty Group.

-Lincoln Financial Advisors leased 1,090 square feet in Castle Creek IV, 5875 Castle Creek Parkway. The landlord, Hudson Advisors LLC, was represented by Matt Langfeldt and Rich Forslund of Summit Realty Group. The tenant represented itself.

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  1. By Mr. Lee's own admission, he basically ran pro-bono ads on the billboard. Paying advertisers didn't want ads on a controversial, ugly billboard that turned off customers. At least one of Mr. Lee's free advertisers dropped out early because they found that Mr. Lee's advertising was having negative impact. So Mr. Lee is disingenous to say the city now owes him for lost revenue. Mr. Lee quickly realized his monstrosity had a dim future and is trying to get the city to bail him out. And that's why the billboard came down so quickly.

  2. Merchants Square is back. The small strip center to the south of 116th is 100% leased, McAlister’s is doing well in the outlot building. The former O’Charleys is leased but is going through permitting with the State and the town of Carmel. Mac Grill is closing all of their Indy locations (not just Merchants) and this will allow for a new restaurant concept to backfill both of their locations. As for the north side of 116th a new dinner movie theater and brewery is under construction to fill most of the vacancy left by Hobby Lobby and Old Navy.

  3. Yes it does have an ethics commission which enforce the law which prohibits 12 specific items. google it

  4. Thanks for reading and replying. If you want to see the differentiation for research, speaking and consulting, check out the spreadsheet I linked to at the bottom of the post; it is broken out exactly that way. I can only include so much detail in a blog post before it becomes something other than a blog post.

  5. 1. There is no allegation of corruption, Marty, to imply otherwise if false. 2. Is the "State Rule" a law? I suspect not. 3. Is Mr. Woodruff obligated via an employment agreement (contractual obligation) to not work with the engineering firm? 4. In many states a right to earn a living will trump non-competes and other contractual obligations, does Mr. Woodruff's personal right to earn a living trump any contractual obligations that might or might not be out there. 5. Lawyers in state government routinely go work for law firms they were formally working with in their regulatory actions. You can see a steady stream to firms like B&D from state government. It would be interesting for IBJ to do a review of current lawyers and find out how their past decisions affected the law firms clients. Since there is a buffer between regulated company and the regulator working for a law firm technically is not in violation of ethics but you have to wonder if decisions were made in favor of certain firms and quid pro quo jobs resulted. Start with the DOI in this review. Very interesting.

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