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Leasing/leasing contracts

November 3, 2009
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-Equicor Real Estate Development and Investment hired Jones Lange LaSalle as leasing agent for Waterplace Park, a 113,000-square-foot, four-building complex at 8925 N. Meridian St., and for the 74,000-square-foot Fidelity Keystone Office Tower and Fidelity Keystone Office Park. John Robinson and Adam Broderick of Jones Lange LaSalle are brokers for the properties.

-Software Engineering Professionals leased 28,000 square feet in the James Building, which is under construction in Carmel City Center. The tenant was represented by Jenna Barnett of Halakar Real Estate. The owner of the building, REI Real Estate, was represented by John Robinson and Adam Broderick of Jones Lange LaSalle.

-Schiele Enterprises Inc. leased 21,000 square feet of industrial space at 2402 Shadeland Ave. The tenant was represented by Kevin B. Kempf of Colliers Turley Martin Tucker. The landlord, Shadeland Business Park LLC, represented itself.

-CornerStone Flooring leased 12,800 square feet of industrial space at 8068 Woodland Drive in Park 100. The tenant was represented by Kevin B. Kempf of Colliers Turley Martin Tucker. The landlord, Duke Realty, represented itself.

-Decatur Vein Clinic leased 2,250 square feet at 33 E. County Line Road, Greenwood. The tenant was represented by David Black of Grubb & Ellis Harding Dahm & Co. The landlord, County Line Commons LLC, was represented by Rebecca Baer of Summit Realty Group.

-Dr. Matthew Wittrig, DDS, leased 2,363 square feet at 33 E. County Line Road, Greenwood. The tenant was represented by Jim Marron of UGL Equis. The landlord, County Line Commons LLC, was represented by Rebecca Baer of Summit Realty Group.

-Triumvirate Enterprises leased 2,460 square feet at 5777 Park Plaza Court in Park Plaza Business Park. The tenant was represented by Kurt Meyer of Baseline Commercial. The owner, First Industrial Realty Trust, was represented by Mary Sullivan of First Industrial and Nikhil Gunale of CB Richard Ellis.

-Peter Municipal Consultants PC leased 1,250 square feet at South Greenwood Shoppes, 6001 N. U.S. 31, Whiteland. Cathy Richards of Grubb & Ellis Harding Dahm & Co. represented the landlord, HRCP Inc. John Vance of Keller Williams represented the tenant.

-Sweeties GT leased 2,523 square feet at Broad Ripple Station, 1081 Broad Ripple Ave. Ron Mannon of Grubb & Ellis Harding Dahm & Co. represented the tenant. The landlord, LOR Corp., was represented by Suzanne Gammon of LOR.

-LJ Stone Co. leased 806 square feet at Lake Plaza 6801 Lake Plaza Drive. Debbie Shumate of Grubb & Ellis Harding Dahm & Co. represented the landlord, Lake Plaza LLC and LeBarron Investments. The tenant was represented by Brian Dell of Summit Realty Group.

 

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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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