IBJNews

St. Vincent sports practice to fill vacant Clay Terrace big box

Back to TopCommentsE-mailPrintBookmark and Share

Clay Terrace in Carmel will have a new tenant later this year to occupy the big box space originally filled by Circuit City.

But the newcomer isn't the sort of glitzy retailer the upscale outdoor mall is accustomed to attracting. It’s St. Vincent Sports Performance, which is opening a location to complement its original practice on the northwest side.

In the meantime, St. Vincent has closed its other sports performance location, on the east side, and is shutting its orthopedics practice on West Carmel Drive. It will combine those services at Clay Terrace.

St. Vincent will start with six employees, including two physicians, and hopes to have the 26,000 square feet of space occupied by early September, said Ralph Reiff, executive director of St. Vincent Sports Performance.

“Strategically, we made a decision that we wanted to have a more robust presence in Hamilton County,” he said.

Simon Property Group, one of the owners of the mall, mentioned the move in its marketing materials available at the annual convention of the International Council of Shopping Centers in Las Vegas.

The conference runs through Wednesday and attracts nearly 40,000 developers, brokers and retailers hoping to consummate as many deals as possible.

St. Vincent’s move to Clay Terrace received mostly positive reviews from local retail brokers, who say the sports practice will help draw traffic to the property.

“These lines are continuing to blur as retailers look for smaller spaces,” said Scot Courtney, president and director of retail services at the Indianapolis office of Lee & Associates. “It’s all about convenience for the consumer.”

Large retailers still need bricks-and-mortar space. But with the growing popularity of online shopping, the number of big-box store locations is shrinking. So landlords need to find alternate tenants to fill those big, empty storefronts—a void medical office users often fill, real estate experts say.

Clay Terrace opened in 2005. Circuit City—and the entire Circuit City chain—went out of business four years later, the victim of a weak economy and competition from such rivals as Best Buy and locally based HHGregg.

“Medical users are a great backfill for these vacant boxes, because there are fewer anchor tenants,” said Rebecca Wells, a broker at the local office of Jones Lang LaSalle.

Steve Delaney, a retail broker at Sitehawk Retail Real Estate, agreed but said the St. Vincent still might not be the best fit.

“It’s maybe not the ideal use,” he said, “but it’ll draw a lot of traffic.”
 
St. Vincent Sports Performance’s existing location is at 8227 Northwest Blvd. The offices is staffed by physicians, athletic trainers, physical therapists, strength-and-conditioning coaches, and sports dieticians.

The practice has built a solid reputation in the sports world through the years, providing services to amateur athletes and professionals, including NBA and NFL players.

Another benefit of the Clay Terrace location is that it is close to high schools in Zionsville, Carmel, Westfield and Sheridan. The practice provides certified athletic trainers to the schools on a contract basis, Reiff said.
 

ADVERTISEMENT

  • owned
    LbJ you got owned by the gentleman before me. Get ur facts
  • article information
    I just wanted to point out that the old Circuit City space at Clay Terrace has not been vacant since they went out of business. Snapperz has been in that location the past two years and another kid entertainment place was there before that for around 6 months to a year. Also Clay Terrace did not open in 2007 but in 2005. I think the St. Vincent sports practice will be a good fit.

Post a comment to this story

COMMENTS POLICY
We reserve the right to remove any post that we feel is obscene, profane, vulgar, racist, sexually explicit, abusive, or hateful.
 
You are legally responsible for what you post and your anonymity is not guaranteed.
 
Posts that insult, defame, threaten, harass or abuse other readers or people mentioned in IBJ editorial content are also subject to removal. Please respect the privacy of individuals and refrain from posting personal information.
 
No solicitations, spamming or advertisements are allowed. Readers may post links to other informational websites that are relevant to the topic at hand, but please do not link to objectionable material.
 
We may remove messages that are unrelated to the topic, encourage illegal activity, use all capital letters or are unreadable.
 

Messages that are flagged by readers as objectionable will be reviewed and may or may not be removed. Please do not flag a post simply because you disagree with it.

Sponsored by
ADVERTISEMENT

facebook - twitter on Facebook & Twitter

Follow on TwitterFollow IBJ on Facebook:
Follow on TwitterFollow IBJ's Tweets on these topics:
 
Subscribe to IBJ
  1. In reality, Lilly is maintaining profit by cutting costs such as Indiana/US citizen IT workers by a significant amount with their Tata Indian consulting connection, increasing Indian H1B's at Lillys Indiana locations significantly and offshoring to India high paying Indiana jobs to cut costs and increase profit at the expense of U.S. workers.

  2. I think perhaps there is legal precedence here in that the laws were intended for family farms, not pig processing plants on a huge scale. There has to be a way to squash this judges judgment and overrule her dumb judgement. Perhaps she should be required to live in one of those neighbors houses for a month next to the farm to see how she likes it. She is there to protect the people, not the corporations.

  3. http://www.omafra.gov.on.ca/english/engineer/facts/03-111.htm Corporate farms are not farms, they are indeed factories on a huge scale. The amount of waste and unhealthy smells are environmentally unsafe. If they want to do this, they should be forced to buy a boundary around their farm at a premium price to the homeowners and landowners that have to eat, sleep, and live in a cesspool of pig smells. Imagine living in a house that smells like a restroom all the time. Does the state really believe they should take the side of these corporate farms and not protect Indiana citizens. Perhaps justifiable they should force all the management of the farms to live on the farm itself and not live probably far away from there. Would be interesting to investigate the housing locations of those working at and managing the corporate farms.

  4. downtown in the same area as O'malia's. 350 E New York. Not sure that another one could survive. I agree a Target is needed d'town. Downtown Philly even had a 3 story Kmart for its downtown residents.

  5. Indy-area residents... most of you have no idea how AMAZING Aurelio's is. South of Chicago was a cool pizza place... but it pales in comparison to the heavenly thin crust Aurelio's pizza. Their deep dish is pretty good too. My waistline is expanding just thinking about this!

ADVERTISEMENT