Buyer snaps up 175-acre Golf Club of Indiana
An investment group has acquired the Golf Club of Indiana in southern Boone County near Zionsville and is planning improvements to the 175-acre property.
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Lenders battling Broadbent legal strategy
Developer George P. Broadbent sold The Broadbent Co. to his wife for $50,000 in March 2010 as he faced a barrage of lawsuits threatening his control over the real estate company he co-founded in 1972. He has also transferred several properties to her.
Rural broadband provider Omnicity racks up legal bills tied to acquisitions
The latest of at least five suits filed since early last year involves Columbus, Ohio-based SZD Whiteboard, a consulting firm the company used to identify acquisition targets.
Leases/Leasing contracts
-OHL, a third-party logistics provider, leased 405,492 square feet at 281 Airtech Parkway, Plainfield. The tenant was represented by Steve Schwegman, Jake Sturman and Brian Seitz of Jones Lang LaSalle and Randy Wolcott, Doug McDowell and Jess Andrews of ProVenture. Jones Lang LaSalle also represented the landlord/owner, Prologis.
-Monkey Joe’s leased 17,522 square feet at Southport Commons, 4650 Southport Road. The tenant was represented by Tom and Connie Niessink of Niessink Commercial. The landlord, Southport Commons, was represented by Tom English and Larry Davis of Sitehawk Retail Real Estate.
-Premier HealthTel, a subsidiary of SeKayi Holdings, leased 8,472 square feet of office space at 4030 Vincennes Road. The tenant and landlord, Coastal Partners, were represented by Tom Hadley and Matt Waggoner of Summit Realty Group.
-Legacy Ventures Inc. leased 5,400 square feet of industrial flex space at 5705 W. 85th St. The tenant was represented by Rob Christman of Bridge Real Estate Advisors Inc. The landlord, BRE/US Industrial Properties LLC, was represented by Jason Speckman of Summit Realty Group.
-SynCare LLC, a subsidiary of SeKayi Holdings, leased 4,947 square feet of office space at 4030 Vincennes Road. The tenant and landlord, Coastal Partners, were represented by Tom Hadley and Matt Waggoner of Summit Realty Group.
-Harland Financial leased 4,821 square feet of office space at 12800 N. Meridian St., Carmel. The tenant was represented by Matt Waggoner and Jon Jessup of Summit Realty Group. The landlord, Duke Realty Corp., represented itself.
-Alfred Angelo Bridal leased 3,817 square feet at Castleton Square Mall, 6020 E 82nd St. The tenant was represented by Larry Davis and Tom English of Sitehawk Retail Real Estate and TedGarrity of CresaPartners. The landlord, Simon Property Group, was represented by Jamie Christman of Simon.
-Bright Now! Dental leased 3,410 square feet at Avon Commons, 10439 U.S. Highway 36, Avon. The tenant was represented by Daniel Clark of Goodman Real Estate Services Group LLC. The landlord, Avon Commons Shopping Center, was represented by Larry Davis and Tom English of Sitehawk Retail Real Estate.
-American Academy of Osteopathy leased 3,378 square feet of office space at 3500 DePauw Blvd. The tenant was represented by Matt Waggoner of Summit Realty Group. The landlord, Sterling American Properties, was represented by Dave Moore, Darrin Boyd and Bennett Williams of Cassidy Turley.
-SalonCentric leased 2,800 square feet at Washington Corner, 9966 E. Washington St. The tenant was represented by Larry Davis of Sitehawk Retail Real Estate and Jim Foran of Atlantic Real Estate Services. The landlord, Washington Corner LP, was represented by Jeff Roberts of The Broadbent Co.
-Bicycle Exchange leased 1,400 square feet of retail space in Winthrop Commons, 5345 N. Winthrop Ave. The landlord, North Winthrop Commons, was represented by Ron Mannon and Scott Herider of Lee & Associates. The tenant represented itself.Transportation museum eyes excursion trains to downtown Indy
As efforts drag on to study and fund a commuter rail system using the former Nickel Plate rail line, the group now using the 37-mile corridor to run excursion trains in Hamilton County and to the Indiana State Fair is looking at running its trains farther south—to downtown.
Who’s Who in Law – 2011
In a monthly feature that runs in the first issue of the month, through October, IBJ is identifying influential players in eight different industry categories. This month, our list draws from among the city’s finest legal minds in education, public-sector law, the judicial system and the broad swath of attorneys practicing solo and in firms of all sizes.
Seven cars pile up in Fishers
One person was injured Wednesday morning following a seven-car, chain-reaction accident in Fishers at State Road 37 near 126th Street. Initial reports said the southbound lane of SR 37 was shut down temporarily. The area is plagued by heavy rush-hour traffic.
Leases/leasing contracts
-PPG Aerospace renewed its lease for 35,346 square feet of industrial space in Corporate Center North II, 6022 Corporate Way. The tenant was represented by Stan Elser and Jim Karozos of Lee & Associates. The landlord, CalEast Industrial Investors, was represented by Bryan Poynter of Cassidy Turley.
-Harvest Bible Chapel of North Indianapolis leased 11,500 square feet of office space at 9675 E. 148th St., Noblesville. The tenant was represented by Paul Dick and Kevin Dick of Colliers International. The landlord, Brittany Properties LLC, was represented by Brad Williams and John Demaree of Summit Realty Group.
-Dollar Tree leased 9,100 square feet at Stones Crossing Shopping Center, 2800 S. State Road 135, Greenwood. The tenant was represented by Dawn Lyon of Sitelink Commercial Realty. The landlord, TKC Properties LLC, was represented by Wayne O’Hara of Sitehawk Retail Real Estate.
-Center for Diagnostic Imaging-CDI Radiology leased 7,149 square feet at Indiana American Office Park-Building 3, 521 E. County Line Road, Greenwood. The tenant was represented by Tim Norton of Summit Realty Group. The landlord, Indiana-American Associates LLC, was represented by Jeff Merritt of Summit Realty Group.
-Tesco leased 6,300 square feet at Park 100-Building 105, 5720-80 W. 71st St. The tenant was represented by J.D. Graves of CB Richard Ellis. The landlord, Blue Real Estate, was represented by Alex Cantu and Jason Speckman of Summit Realty Group.
-Rheem Sales Company Inc. leased 5,494 square feet in Crosspoint One, 9855 Crosspoint Blvd., Fishers. The tenant was represented by Tom Ferguson of Premier Commercial Real Estate Services. The landlord, LIT Industrial Limited Partnership, was represented by Fritz Kauffman and Bryan Poynter of Cassidy Turley.
-Kiddieville Daycare Ministries leased 5,100 square feet at 4444 W. 10th St. in Speedway Industrial Park. The landlord, Speedway Industrial Park LP, was represented by Bill Bryam of Cassidy Turley. The tenant represented itself.
-BP Canada Energy Marketing Corp. renewed its 3,566-square-foot lease at Meridian Parke North, 373 Meridian Parke Lane, Greenwood. The tenant was represented by Graham Summers of Jones Lang LaSalle. The landlord, AAAG LLC, was represented by Tim Norton and Jeff Merritt of Summit Realty Group.
-Advanced Physical Therapy leased 2,857 square feet of medical office space at 1642 S. Olive Branch Park Lane, Greenwood. The tenant was represented by John Crisp of Cassidy Turley. The landlord, KLC Realty LLC, was represented by Greg Smith and Joe Tarpey of Colliers International.
-University Lending Group LLC leased 2,350 square feet of office space at 11988 Fishers Crossing, Fishers. The landlord, RB Partners, was represented by Paul Dick and Kevin Dick of Colliers International. The tenant represented itself.
-Silver Creek Management LLC leased 1,500 square feet of medical office space in the Decatur Depot retail center at 5021 Kentucky Ave. The tenant was represented by Ryan Conrad of Colliers International. The landlord, KLC Realty LLC, was represented by Greg Smith and Joe Tarpey of Colliers International.
-Apollo North America Inc. leased 1,203 square feet of office space in Carmel Office Court, 301 E. Carmel Drive, Carmel. The landlord, Finsilver Friedman Management Corp., was represented by Paul Dick and Kevin Dick of Colliers International. The tenant represented itself.
Latest search for IU student unsuccessful
Bloomington police came up empty Sunday during a search of land near the Monroe-Morgan county line after receiving a tip in the case of missing Indiana University student Lauren Spierer. Investigators said they received a tip Sunday about a suspicious smell in wooded areas just south of Martinsville and north of Bloomington near State Road 37. Spierer, 20, disappeared the morning of June 3.
Well-located Carmel retail center plagued by vacancies
Merchants’ Square shopping center, built in 1970 as the enclosed Keystone Square Mall and redeveloped into an open-air center and renamed in the mid-1990s, is riddled with vacancies and bracing for another high-profile departure, despite its prime location.
Wind farm may fan economy in Madison County
E.ON Climate & Renewables North America is planning some 75 wind turbines as part of Madison County’s first commercial wind farm, one that could temporarily employ 150 construction workers and bring a dozen permanent jobs.
Leasing/leasing contracts
-Creative Converting leased 18,041 square feet of office space at 6602 E 75th St. The tenant was represented by Matt Waggoner of Summit Realty Group. The landlord, Capozzoli Advisory for Pensions Inc., was represented by Andrew Martin of Cassidy Turley.
-Electronic Evolutions Inc. leased 13,000 square feet of office space at 535 W. Carmel Drive, Carmel. The tenant was represented by Stephen Adams of Hokanson Inc. The landlord, Greg Dawson & Associates, was represented by Matt Waggoner and Tom Hadley of Summit Realty Group.
-Pepperidge Farm leased 9,000 square feet of industrial space at 3250 N. Post Road. The tenant was represented by Don Ballard and Steve Beals of Lee & Associates. The landlord, Forester Properties, was represented by Kyle Powell of Cassidy Turley.
-USA Fireworks leased 5,880 square feet of retail space at Sherman Commons, 3709 E. Washington St. The tenant and landlord, Indy Management Group, were represented by Herb Feldmann and Cindy Hoskinson of Lee & Associates.
-The Stacked Pickle leased 5,100 square feet at Fishers Station, 11621 N. Fishers Station Drive, Fishers. The tenant was represented by Brian Epstein of Urban Space. The landlord, Fishers Station Development Co., was represented by Blake Beaver of Kite Realty Group.
-CBDM Inc., doing business as The Local Eatery & Pub, leased 4,845 square feet at Bridgewater Marketplace, 146th and Gray Road, Westfield. The tenant was represented by Nicholas Wright of Newbridge Commercial Real Estate Inc. The landlord, KRG Bridgewater LLC, represented itself.
-USA Fireworks leased 4,200 square feet of retail space at Prairie Lakes, 14350 Mundy Drive, Noblesville. The tenant and landlord, Prairie Lakes Development LLC, were represented by Herb Feldmann and Cindy Hoskinson of Lee & Associates.
-J. Rasso’s Italian restaurant leased 3,741 square feet at Hamilton Crossing Centre, 12201 N. Meridian St., Carmel. The tenant was represented by Steve Tatum of Steve Tatum Commercial Real Estate. The landlord, KRG Hamilton Crossing LLC, was represented by Blake Beaver of Kite Realty Group.
-Viva Dental leased 3,010 square feet at Washington Market, 10409 E. Washington St. The tenant was represented by Kelli Membreno of Libertad Real Estate. The landlord, Sandor Development, was represented by John Holloway of Sandor.
-Foot Euphoria leased 2,912 square feet of retail space at Fortune Plaza, 9655 U.S. Hwy 36, Avon. The tenant was represented by Rick Jones of Lee & Associates. The landlord, Fortune Enterprise B LLC, was represented by Greg Smith of Colliers International.
-Body One Physical Therapy leased 2,483 square feet of retail space at Cherry Street Plaza, 310 E. Main St., Westfield. The tenant was represented by Tim O’Brien and Yumi Prater of Colliers International. The landlord, Cherry Street Plaza LLC, was represented by Ron Mannon of Lee & Associates.
-Maurel Bridal Boutique leased 2,280 square feet at West Washington & Belmont Market, 2111 W. Washington St. The tenant was represented by Kelli Membreno of Libertad Real Estate. The landlord, Sandor Development, was represented by John Holloway of Sandor.-Revol Wireless leased 1,600 square feet at Honey Creek Plaza, 5408 W. 38th St. The landlord, Sandor Development, was represented by John Holloway of Sandor. The tenant represented itself.
-1-Call Contractor Services leased 1,500 square feet of industrial space at Greenwood Oaks Business Centre, 500 S. Polk St., Greenwood. The tenant and landlord, Greenwood Oaks Investments LLC, were represented by Cathy Richards of Lee & Associates.
-Crooked Creek Community Development Corp. leased 1,200 square feet at Smarts Plaza, 7003 N Michigan Road. The landlord, Sandor Development, was represented by John Holloway of Sandor. The tenant represented itself.
-Asia Bistro leased 1,200 square feet at Fishers Station, 7400 E. Fishers Station Drive, Fishers. The tenant was represented by Karen Yan of Best Realty. The landlord, Fishers Station Development Co., was represented by Blake Beaver of Kite Realty Group.
Positron plans $55 million cyclotron project, 80 jobs
Medical imaging equipment maker Positron Corp. has agreed to move its operations to Noblesville, where it plans to invest $55 million to open a high-tech facility that will make isotopes used in cardiac PET scans.
City’s only hotel water park dropping Holiday Inn brand
The hotel on the northwest side of Indianapolis will become the Caribbean Cove Hotel & Water Park on June 13 after more than 30 years as a Holiday Inn.
Central State redevelopment plan gets new life
A dormant plan to redevelop the 150-acre former Central State Hospital campus is starting to get momentum. Developers anticipate spending $100 million to $150 million to revamp the site. With online photo gallery
Crash kills woman in Hamilton County
Foggy conditions may have played a role in a Friday morning crash that killed one person at State Road 37 and Essig Avenue north of Noblesville. A car with two people aboard was headed south on SR 37 at about 4:15 a.m. when another car heading north crossed the center line and hit it head-on. The driver of the southbound car, a woman in her 40s, was pronounced dead at the scene. The passenger was taken to Methodist Hospital with non-life threatening injuries. The driver of the northbound car was also taken to a hospital.
LADWIG: Democracy, complex government don’t mix
It is reasonable to believe … that Custer thought he was running to ground a relatively small party of warriors when in fact he was about to be surrounded by what may have been three times as many.
Roundup: Presley Presents, La Margarita, Stacked Pickle, Chicago’s Pizza, Pioneer
Check out a round-town roundup chock full of new locations for popular restaurants including La Margarita, Stacked Pickle and Chicago’s Pizza, along with a new family dinner theater and a new concert venue for Fountain Square.
Purdue professor analyzes risk, dissects failures
For 25 years, Venkat Venkatasubramanian, the Reilly professor of chemical engineering at Purdue University, has studied how to keep horrendously complicated, excruciatingly twitchy technological edifices from collapsing under their own weight.
EDITORIAL: Interstate network isn’t enough
Our country’s transportation future is too uncertain for Hoosiers to be almost entirely dependent on cars.