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Leasing/leasing contracts

August 27, 2013
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-Performance Assessment Network Inc. leased 17,150 square feet of office space at 11590 N. Meridian St., Carmel. The tenant was represented by R.J. Rudolph and Yumi Goodman of Colliers International. The landlord, Fidelity Office Building II LP, was represented by Mike Napariu of REI Investments Inc.

-Tish Flooring leased 10,078 square feet of industrial space at 4625 W. 86th St. The tenant was represented by Mark Perlstein of Sitehawk Retail Real Estate. The landlord, North By Northwest AB Biynah LLC, was represented by Michael Weishaar and Todd Vannatta of Cassidy Turley.

-Minnick Services Corp. leased 5,600 square feet of industrial space at 2525 N. Shadeland Ave. The tenant was represented by Mark Writt of CBRE. The landlord, 2525 Shadeland LLC, was represented by Michael Weishaar and Todd Vannatta of Cassidy Turley.

-American Society of Clinical Pathology leased 3,178 square feet at 8900 Keystone Crossing. The tenant was represented by Sean Reynolds of Jones Lang LaSalle. The landlord, Philadelphia-based Equus Capital Partners Ltd., was represented by John R. Robinson and Abby Cooper Zito of Jones Lang LaSalle.

-Midwest Wealth Management Inc. leased 3,056 square feet at 8888 Keystone Crossing.  The tenant was represented by Rob Lukemeyer of Baseline  Inc. The landlord, Philadelphia-based Equus Capital Partners Ltd., was represented by John R. Robinson and Abby Cooper Zito of Jones Lang LaSalle.

-It's All Greek To Me Restaurant leased a 2,520-square-foot free-standing building formally occupied by Donato’s Pizza at 3530 Mann Road. The tenant was represented by Paul Rogozinski of Veritas Realty. The landlord, Donatos Pizza Realty LLC, was represented by Jeff Hubley of Midland Atlantic.

-Andreina Vitto DDS leased 2,261 square feet at Olio Pavilion, 11630 Olio Road, Fishers. The tenant was represented by Matt Jackson of Jackson Investment Group LLC. The landlord, Olio Pavilion, was represented by Keith Fried of Sitehawk Retail Real Estate.  

-World Finance leased 1,900 square feet of retail space in Honey Creek Plaza, 3835 Moller Road. The tenant was represented by Seth Biggerstaff of Veritas Realty. The landlord, Trustco Development Co., was represented by Drew Kelly of Sandor Development Co.

-World Finance leased 1,840 square feet of retail space in Indian Creek Commons, 10625 Pendleton Pike. The tenant was represented by Seth Biggerstaff of Veritas Realty. The landlord, Viking Partners Indian Creek LLC, was represented by Jamison Downs and Kyle Hughes of Veritas Realty.

-Starbucks leased 1,803 square feet at 13844 Olivia Way, Fishers. The   tenant was represented by Kyle Hughes of Veritas Realty. The landlord, Crown Property Management IV LLC, was represented by Paul Gold of Echo Retail.

-Flaherty & Collins Inc. leased 1,800 square feet at 8900 Keystone Crossing. The landlord, Philadelphia-based Equus Capital Partners Ltd., was represented by John R. Robinson and Abby Cooper Zito of Jones Lang LaSalle. The tenant represented itself.    
 
-Haffley Taylor & Co. leased 1,703 square feet at 8900 Keystone Crossing. The tenant was represented by James Clark of Jones Lang LaSalle. The landlord, Philadelphia-based Equus Capital Partners Ltd., was represented by John R. Robinson and Abby Cooper Zito of Jones Lang LaSalle.

-Jet’s Pizza leased 1,600 square feet in Shadeland Crossing Shopppes, 7538 N. Shadeland Ave. The tenant was represented by Kyle Hughes of Veritas Realty.  The landlord, Glendale Partners of Shadeland Shoppes LLC, was represented by Paul Rogozinski of Veritas Realty.
 
-Goodwill Industries of Central Indiana Inc. leased 1,600 square feet in Lantern Crossing Shopping Center, 8960 E. 96th St., Fishers. The tenant was represented by Bill French of Cassidy Turley.  The landlord, Glendale Partners of Michigan Road LLC, was represented by Paul Rogozinski and Kyle Hughes of Veritas Realty.

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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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