Stronger leasing activity in the first half of 2010 provided some optimism that the local industrial-space market is recovering from a down year in 2009. But brokers remain cautious about how the year will come in thanks to several big lease expirations that will dump space on the market in the second half. About 2.5 […]
About 2.5 million square feet of industrial space is expected to hit the market between now and the end of the year, most
of it in the Plainfield area.
The decision by Girl Scouts to divest the camps follows a consolidation among Girl Scouts councils nationwide in 2007 that
left the local council with a much bigger service area and more real estate.
Satori Pointe is being marketed as a campus where medical offices, fitness-oriented retailers and residents would co-exist.
-Indiana Math and Science Academy North leased 37,000 square feet at 7435 N. Keystone Ave. The tenant and landlord, ELEF Inc., were represented by Antone Najem of Pittman Real Estate Services LLC.
-Tuesday Morning renewed its lease for 15,034 square feet at Crooked Creek Center, 7840 Michigan Road. The tenant was represented by Wayne O’Hara of Sitehawk Retail Real Estate. The landlord, Crooked Creek Center, was represented by Lee White of CB Richard Ellis.
-Northwestern Mutual Life Insurance Co. leased 9,836 square feet of office space at Four Parkwood Crossing, 500 E. 96th St. The tenant was represented by Tom Osborne and Matt Moore of Colliers International. The landlord, Duke Realty, represented itself.
-Citon Insurance leased 5,756 square feet of office space at 450 E. 96th St. The tenant was represented by Dustin Looper and Yumi Prater of Colliers International. The landlord, Duke Realty, represented itself.
-Apria Healthcare leased 5,400 square feet of flex space at 8446 Moller Road. The tenant was represented by Dustin Looper of Colliers International. The landlord, Duke Realty, represented itself.
-Duratech and Fast Track Technologies leased 4,000 square feet at 598 W. Carmel Drive, Carmel. The tenant was represented by Keith Dedrick of Corporate Commercial Group. The landlord, John Kirby, represented himself.
-Pizza King renewed its lease for 3,350 square feet at Harbourtown Shoppe’s at Morse Lake, Noblesville. The landlord, Harbourtown Center LLC, was represented by Bill Ernst of Charter Commercial Realty Group. The tenant represented itself.
-Church Mutual Insurance. renewed its lease for 2,177 square feet at 2647 Waterfront Parkway East Drive. The landlord, New Boston Jacaranda LP, was represented by Gus Sevastianos and Brian Fitzgerald of Citimark Management Co. Inc. The tenant represented itself.
-Olympus Media renewed its lease for 1,758 square feet at 8604 Allisonville Road. The tenant was represented by Mike Corr of Jones Lang LaSalle. The landlord, Castle Creek Office LLC, was represented by Gus Sevastianos and Brian Fitzgerald of Citimark Management Co. Inc.
-Sport Clips leased 1,600 square feet at Plainfield Commons II, Plainfield. The tenant was represented by Jeff Hubley at Midland Atlantic. The landlord, Plainfield Commons II LLC, was represented by Liz Yoho of Providence Development.
-The Gabriel Project Inc. leased 466 square feet of office space at 5455 W. 86th St. The landlord, Polaris Commercial Investments LLC, was represented by Scott H. Lindenberg of Echelon Realty Advisors. The tenant represented itself.
On a seasonally adjusted basis, the pace of mortgage loan activity decreased 4.4 percent for the week ended July 23, according to the Mortgage Bankers Association. The rate for 30-year mortgages increased to 4.69 percent from 4.59 percent the previous week. The rate for 15-year mortgages increased to 4.12 percent from 4.05 percent.
-Browning Construction has broken ground on a 60,174-square-foot diagnosis, education, treatment and surgery center for Indiana Spine Group at 13225 N. Meridian St. The project is scheduled to be completed in September 2011.
-Shamrock Builders-Commercial has completed construction of a 6,154-square-foot dental office for Daniel S. Martin at 1000 W. Jefferson St., Franklin.
-Shamrock Builders-Commercial has completed a 2,125-squhttps://admin.ibj.com/admin/article/workflow/claim?articleId=21452#are-foot tenant build-out for Synapse Neuromonitoring at East 10th Street and Mitthoeffer Road.
-Coopers Hawk Winery bought the former Bahama Breeze restaurant at 3815 E. 96th St. The price wasn’t disclosed. The buyer was represented by Keith Isselhardt of Sierra Retail Advisors. The seller, Darden Restaurants, was represented by Steve Delaney of Sitehawk Retail Real Estate.
-Dhillon & Athwal bought a 9,829-square-foot retail/flex building at 4401 E. Washington St. The price wasn’t disclosed. The buyer and seller, Thomas Metzger, were represented by Cindy Hoskinson and
Vacant movie-rental stores are beginning to flood the retail real estate market here and elsewhere as the
second-largest chain liquidates and industry goliath Blockbuster Video fights for its life.
Until the market stabilizes, appraisers will be operating in an environment where 20 to 50 percent drops in property values
Thompson Thrift, based in Terre Haute and Carmel, has started construction on Washington Square Commons, a 9,000-square-foot
retail strip at 10110 E. Washington St., at a major entrance to Washington Square Mall.
A $20 million improvement of West 38th Street between Guion and High School roads that is set to begin next month is the first in a series of initiatives that stakeholders hope will revive the real estate fortunes of the area anchored by Lafayette Square Mall.
The Fort Harrison Reuse Authority has approved the sale of a 6.6-acre site to Carmel-based J.C. Hart Co. for development of a 217-unit apartment community.