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Leasing/leasing contracts

January 5, 2010
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-Capin & Crouse leased 10,000 square feet in the Emerson Office Parke Building One, Greenwood.  Greg Allen and John Cunningham of Allen Commercial Group represented the landlord. The tenant represented itself.

-Little Mexico restaurant leased 4,587 square feet in the Emerson Pointe Retail Shopping Center, Greenwood.  Greg Allen and John Cunningham of Allen Commercial Group represented the landlord. The tenant represented itself.

-Health Management Systems Inc. leased 1,290 square feet of office space at Landmark Center, 10th and Meridian streets. Matt Waggoner of Summit Realty Group represented the tenant. The landlord, Landmark Ventures LLC, was represented by John Vandenbark of CB Richard Ellis.

-Sports Clips leased 1,240 square feet of retail space at Brookshire Village Shoppes at 126th Street and Gray Road, Carmel. Jeff Hubley of Midland Atlantic represented the tenant. The landlord, O’Malia Investment Co. LLC, was represented by Barrett & Stokely Inc.

-Show-Me’s leased 7,329 square feet of the former Damon’s Grill at 4530 Southport Crossing Drive. The landlord, Daniel and Judy Pedersen Living Trust, was represented by Michael Cranfill of Sitehawk Retail Real Estate. The tenant was represented by Tim Murray and Greg Smith of Resource Commercial Real Estate.

-El Mariachi Mexican Restaurant leased 2,160 square feet at a former Pizza Hut at 11420 E Washington St. The landlord, La Raza Pizza Inc., was represented by Michael Cranfill of Sitehawk Retail Real Estate. The tenant was represented by Eric Hillenbrand of Sitehawk Retail Real Estate.

-The Loving Care Agency Inc. renewed its lease for 3,191 square lease at 2647 Waterfront Parkway East Drive.  The tenant was represented by Brooke Augustin of NAI Olympia Partners.  The landlord, New Boston Jacaranda LP, was represented by Gus Sevastianos of Citimark Management Co. Inc.

-Bennett Mauk & Higgs Insurance renewed its lease for 1,028 square feet at 8606 Allisonville Road. The landlord, New Boston Castle Creek II LP, was represented by Gus Sevastianos of Citimark Management Co. Inc. The tenant represented itself. 
 

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  1. 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.

  2. If you only knew....

  3. 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.

  4. The facts contained in your post make your position so much more credible than those based on sheer emotion. Thanks for enlightening us.

  5. Please consider a couple of economic realities: First, retail is more consolidated now than it was when malls like this were built. There used to be many department stores. Now, in essence, there is one--Macy's. Right off, you've eliminated the need for multiple anchor stores in malls. And in-line retailers have consolidated or folded or have stopped building new stores because so much of their business is now online. The Limited, for example, Next, malls are closing all over the country, even some of the former gems are now derelict.Times change. And finally, as the income level of any particular area declines, so do the retail offerings. Sad, but true.

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