October 15, 2013
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-Fisher Realty Holdings LLC bought a 24,000-square-foot building at 10277 Leases Corner Court, Camby. The buyer was represented by Jason Alsup of RE/Max Centerstone. The seller, RC Properties I LLC, was represented by Steve Schaub and Brian Dell of Summit Realty Group.  

-Transpacific Development Co. bought a new, 450,000-square-foot distribution building on 31 acres at 2450 Stanley Road, Plainfield. The buyer was represented by John Huguenard of Jones Lang LaSalle's Chicago office. The seller, Plainfield Project One LLC, an affiliate of VanTrust Real Estate LLC of Kansas City, Mo., was represented by Glenn Davis of Colliers International.

-Kids Go Round bought a 13,440-square-foot retail building at 2481 E. Main St., Plainfield. The buyer was represented by Bud Green of RE/Max Centerstone. The seller, Aldi (Indiana) LP, was represented by Jim Abel of Lee & Associates.

-BAC Local 4 Indiana/Kentucky bought a 21,090-square-foot industrial building at 8455 Moeller Road. The buyer was represented by Ted McClure of McClure Commercial & Industrial Real Estate. The seller, Bank of Indiana NA, was represented by Bill Brennan of Lee & Associates.


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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.