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    Kurt Beier

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Articles

Indianapolis-area mergers and acquisitions in 2013

January 22, 2014

The deals on this list do not include a transaction price.

Soup shop opens on Circle, Hearthstone closes in Fishers

January 22, 2014

Soupremacy on East Market Street is the brainchild of the franchisee of the local Potbelly restaurant located just around the corner. Plus, new locations for Bub’s Burgers, Sunrise Cafe, Tuscanos Brazilian Grill, and more.

House sends redistricting bill to Senate after changes

January 22, 2014

The bill passed 77-20 after amendments meant to make the process as independent as possible and require a unanimous vote of the commission to pass the maps. Democrats offered both amendments.

Central Indiana hospitals limit visitors over flu

January 21, 2014

A swine flu outbreak has prompted several central Indiana hospitals to restrict visitors to protect patients, families and staff from unnecessary potential exposure.

Leases/leasing contracts

January 20, 2014

-Vox Lumen subleased 117,0000 square feet at 11899 Exit 5 Parkway, Fishers. The tenant was represented by Tom Ferguson and Pete Alveal of Premiere Commercial Real Estate. The sublandlord, Diamond Foods, was represented by John Hanley and Terry Busch of CBRE.

-Facilities Solutions Group leased 10,721 square feet at 9715 Kincaid Drive, Fishers. The tenant was represented by Cam Kucic and Ryan Kelly of Summit Realty Group. The landlord, Meritex Enterprises Inc., was represented by Brian Buschuk of Jones Lang LaSalle .

-Countyline Collision LLC leased 6,240 square feet of industrial space at 1515 Hancel Parkway, Mooresville. The landlord, D.A. Green LLC, was represented by Patrick Lindley and Grant Lindley of Cassidy Turley. The tenant represented itself.

-Midwest Fertilizer Corp. leased 5,409 square feet of office space at 101 W. Ohio St. The tenant was represented by John Crisp and Spud Dick of Cassidy Turley. The landlord, West Ohio II LLC, was represented by Renae Breitbach of Amerimar.

-Blake Ruff Personal Training, DBA Crossfit Dash, leased 5,085 square feet at 3250B W. 86th St. The tenant was represented by Jack Hogan of Jones Lang LaSalle. The landlord, Zahn LLC, was represented by Matt Waterman of Pegasus Investments.

-Blake Ruff Personal Training, DBA Crossfit Castlewood, leased 4,800 square feet at 8455 Castlewood Drive. The tenant was represented by Jack Hogan of Jones Lang LaSalle. The landlord, KHK LLC, was represented by Spero Pulos of Lee & Associates.

-Wings Etc. leased 4,105 square feet at Western Plaza, 135 Sheridan Road, Noblesville. The tenant was represented by Dean Almas of Sitehawk Retail Real Estate. The landlord, Western Plaza LLC, was represented by Ryan Menard of Thompson Thrift Development.

-Eagle and Fein PC leased 3,963 square feet of office space at 8500 Keystone Crossing. The tenant was represented by James Clark of Jones Lang LaSalle. The landlord, PWA Keystone Crossing LP, was represented by Mike Semler, Bennett Williams and Andrew Martin of Cassidy Turley.

-Riverside leased 3,600 square feet of industrial space at 5333-5367 W. 86th St. The landlord, Iron Point Titan Asset Management LLC, was represented by Bryan Poynter of Cassidy Turley. The tenant represented itself.

-Mezzetta Construction Services Inc. leased 3,438 square feet of industrial space at 6911-7061 Corporate Circle. The landlord, GI Partners, was represented by Bryan Poynter and Russ Van Til of Cassidy Turley. The tenant represented itself.

-Dr. Diana Kozlowski DDS leased 3,329 square feet of office space at 526 State Road 32, Westfield. The tenant was represented by Mike Napariu of REI Real Estate Services. The landlord, Alpha Tau Enterprises LLC., was represented by Craig Kaiser of Northern Commercial.

-The Heritage Group leased 3,329 square feet at Intech Eleven, 6625 Network Way. The tenant was represented by Mike Cook of CBRE. The landlord, Network Way Properties, was represented by Kevin Gillihan and Jack Hogan of Jones Lang LaSalle.

-Jimmy John's Gourmet Sandwiches leased 1,500 square feet of retail space at 322 S. Lebanon St., Lebanon. The tenant was represented by Jeff Daniel of Valenti Real Estate Services Inc. The landlord, K&E Limited Partnership, represented itself.

-Maxx Electronic Cigarettes leased 1,410 square feet of retail space in Avon Commerce Crossing, 8185 E. US 36, Avon. The tenant and landlord, Commerce Crossing LLC, were represented by Brett Burch of Valenti Real Estate Services Inc.
 
-The Joint chiropractic clinic leased 1,326 square feet at Rangeline Crossing, 116th Street and Rangeline Road, Carmel. The tenant was represented by Kyle Hughes of Veritas Realty. The landlord, KRG Centre LLC, was represented by Andrew Hasbrook of Kite Realty Group.

-Universal Protection Services of America Inc. leased 1,208 square feet of office space at 201 South Capitol Ave. The tenant was represented Mike Napariu of REI Real Estate Services. The landlord, Pan Am SCE I LLC, was represented by Tom Ott of Coastal Partners.

Hopelessly divided Congress agrees on one thing: Cutting payments to providers

January 20, 2014

Congress’ recent willingness to play hardball with providers is driving providers to cautiously embrace concepts—like pay-for-performance and keeping patients out of the hospitals—they have long resisted.

Records – Jan. 20, 2014

January 16, 2014

Records listings from the Jan. 20, 2013, issue of IBJ.

Carmel upstart fights nursing home moratorium

January 16, 2014

Nursing home companies went on a building spree in Indiana, and now most of them want the Legislature’s help reining in high operating costs brought by over-capacity.

After 9-year hiatus, Caplinger family opens new fish market

January 16, 2014

Veteran seafood operators Nick and Andrew Caplinger opened a shop in December at East 75th Street and Shadeland Avenue that boasts a wide variety of fresh fish.

People in the news – Jan. 20, 2014

January 16, 2014

People listings are free.

Cassidy Turley offers upbeat outlook on local real estate

January 15, 2014

The city’s largest real estate brokerage predicts that 2014 will mark the first year the economy feels like it’s actually recovering, as all sectors of the commercial real estate market continue to improve.

21-acre Greenwood tract marketed for apartment development

January 14, 2014

Developer J. Greg Allen had planned to build condominiums on the site before the housing market crashed. He relinquished the property to his lender, BMO Harris.

Leases/leasing contracts

January 13, 2014

-JD Byrider renewed and expanded its lease to 61,326 square feet at Hamilton Crossing I, 12722-12802 Hamilton Crossing, Carmel. The tenant was represented by Brian Askins of Summit Realty Group. The landlord, Duke Realty Corp., was represented by Duke's Traci Kapsalis.

-First Databank renewed its lease for 27,345 square feet in Four Parkwood, 500 E. 96th St. The tenant was represented by Tom Hadley of Summit Realty Group. The landlord, Duke Realty Corp., was represented by Duke's Traci Kapsalis.

-Cohen Garelick & Glazier Professional Corp. leased 12,268 square feet at 8888 Keystone Crossing.  The tenant was represented by Tim Hull of CBRE. The landlord, Philadelphia-based Equus Capital Partners Ltd., was represented by John R. Robinson and Abby Cooper Zito of Jones Lang LaSalle.   

-Community Health Networks Physical Therapy and Rehabilitation renewed its lease for 9,200 square feet at Hillsdale Business Park, Hillsdale Court and North Shadeland Avenue. The tenant was represented by Rob Lukemeyer of Baseline Commercial Real Estate. The landlord, Hillsdale Property Owner LLC, was represented by Brian Buschuk, Kevin Gillihan and Jack Hogan of Jones Lang LaSalle.

-Messer Construction renewed its lease for 7,608 square feet at 6964 Hillsdale Court in the Hillsdale Business Park. The landlord, Hillsdale Property Owner LLC, was represented by Brian Buschuk, Kevin Gillihan and Jack Hogan of Jones Lang LaSalle. The tenant represented itself.

-Community Health Networks' Northeast Family Physicians renewed its lease for 7,038 square feet at 6910 Hillsdale Court in the Hillsdale Business Park. The tenant was represented by Rob Lukemeyer of Baseline Commercial Real Estate. The landlord, Hillsdale Property Owner LLC, was represented by Brian Buschuk, Kevin Gillihan and Jack Hogan of Jones Lang LaSalle.

-Cornerstone Associates renewed two leases totaling 8,892 square feet at 6967 Hillsdale Court in the Hillsdale Business Park. The landlord, Hillsdale Property Owner LLC, was represented by Brian Buschuk, Kevin Gillihan and Jack Hogan of Jones Lang LaSalle. The tenant represented itself.

-Independent Colleges of Indiana Inc. leased 4,712 square feet of office space at 30 S. Meridian St. The tenant was represented by Timothy Norton of Summit Realty Group. The landlord, Kite Realty Group, was represented by Mike Semler and John Crisp of Cassidy Turley.

-Moisture Management Services Co. LLC leased 4,080 square feet of industrial space at 9855 Crosspoint Blvd. The tenant was represented by Paul Dick and Kevin Dick of Colliers International. The landlord, Clarion Partners, was represented by Fritz Kauffman and Bryan Poynter of Cassidy Turley.

-The Dermatology Center of Indiana leased 3,200 square feet of retail space at 6705 S. State Road 334, Zionsville. The tenant was represented by Jim Mount of Hokanson Companies. The landlord, Duke Realty Corp., was represented by Jacque Haynes and John Byrne of Cassidy Turley.

-Reach For Youth Inc. leased 2,034 square feet at 435 E. Main St., Greenwood. The tenant was represented by Yumi Goodman of Colliers International. The landlord, Randy Faulkner & Associates Inc., was represented by Bruce Richardson of My Agent Real Estate Services.

-Insphere Insurance Solutions leased 1,698 square feet of office space at 3500 DePauw Blvd. The landlord, Sterling American Property, was represented by Dave Moore, Bennett Williams and Darrin Boyd of Cassidy Turley. The tenant represented itself.

-RPM Machinery LLC leased 1,413 square feet of office space at 8910 Purdue Road. The tenant was represented by Spud Dick and John Crisp of Cassidy Turley. The landlord, Zeller Realty Group, represented itself.

Senate rolls out central Indiana mass-transit bill

January 11, 2014

dvocates for expanded mass transit in central Indiana will focus on a Senate bill that gives counties a way to generate more tax dollars to pay for better buses and more routes.

Microbrewery eyeing spot at Carmel Farmers Market

January 10, 2014

Opening days is still months away, but organizers of the popular Carmel Farmers Market already are lining up vendors for the summer celebration of Indiana agriculture. Will craft breweries be able to join the fun?

House to take up bill to create redistricting commission

January 10, 2014

The Republican-controlled Indiana House is set to take up legislation that would give a bipartisan commission the duty of drawing district maps.

Napolese nibbles on national expansion

January 9, 2014

Local restaurateur Martha Hoover plans to take her Napolese chain national with help from Simon Property Group Inc.

Funding drought pinches life sciences firms

January 9, 2014

Nationally, venture capital investments into life sciences firms totaled $4.9 billion during the first nine months of 2013, down 30 percent from the same period in 2008, according to data from Thomson Reuters and PricewaterhouseCoopers. In Indiana, life sciences firms raised $21 million during the first nine months of the year, far lower than any year since 2003.

People in the news – Jan. 13, 2014

January 9, 2014

People listings are free.

LOPRESTI: Colts-Chiefs playoff game joins classic-comeback peers

January 9, 2014

Veterans of other memorable games welcome a new ‘one for the ages’ to their ranks.

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