Cincinnati investors buy apartment complex anchored by mansion
Sundance Real Estate Holdings and other investors closed on the 37-unit Mansion Row apartments at 2550
Cold Spring Road on Dec. 30.
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Leasing/leasing contracts
-EJP Inc., a flea market, leased 29,000 square feet at 3900 S. East St. Liz Yoho of Providence Development represented the landlord, Expo Bowl Inc. The tenant represented itself.
-R. Falcone Automotive Inc. leased 19,632 square feet at 1906 W. 16th St. Mark Writt and Greg Witkowski of CB Richard Ellis represented the owner/landlord, 16th Street Properties LLC. The tenant represented itself.
-Hill-Rom Co. Inc. leased 9,000 square feet at 8531 Zionsville Road in Building 2 of the Park 100 Industrial Center. Tom Cooler and Mark Writt of CB Richard Ellis represented the tenant. The owner, ProLogis, was represented by Brett Spitzer of NAI Olympia Partners.
-USA Medical Inc. leased 6,888 square feet at Plaza at Castleton, 8470 Castle Corner Drive. Scot Courtney, Cindy Hoskinson and Bart Jackson of Grubb & Ellis Harding Dahm & Co. represented the landlord, Castleton Shopping Center LLC. The tenant was represented by Bart Jackson of Grubb & Ellis Harding Dahm & Co.
-Katzman & Katzman PC leased 5,853 square feet of office space at 3500 DePauw Blvd. Scott Levinson of Urbahn Cos. represented the tenant. The landlord, CP Pyramids Associates LP, was represented by David A. Moore, Darrin L. Boyd and Bennett Williams of Colliers Turley Martin Tucker.
-Friaco’s Mexican Restaurant leased 3,200 square feet at Fishers Corner Shoppes, 11680 Commercial Drive, Suite 1000, Fishers. Nick Wright of Midland Atlantic represented the tenant. The landlord, SENA Realty FC LLC was represented by Williams Realty Group.
-Serenity Counseling Services leased 2,070 square feet at Vista Professional Center, 432 S. Emerson Ave., Greenwood. Cathy Richards of Grubb & Ellis Harding Dahm & Co. represented the tenant and the landlord, Adelphia Properties LLC.
-Downtown Comics Inc. leased 1,040 square feet at Chapel Hill Shoppes, 7301 W. 10th St. Scot Courtney and Bart Jackson of Grubb & Ellis Harding Dahm & Co. represented the landlord, GSR LLC. The tenant represented itself.
-Landrum’s Cleaning LLC leased 2,553 square feet at 8770 Commerce Park Place. The landlord, Dhillon Commerce Park LLC, was represented by Darrin L. Boyd and David A. Moore of Colliers Turley Martin Tucker. The tenant represented itself.
-Talagy leased 3,801 square feet of office space at 3500 DePauw Blvd. Darrell Pike of Precedent Real Estate Services represented the tenant. The landlord, CP Pyramids Associates LP, was represented by David A. Moore, Darrin L. Boyd and Bennett Williams of Colliers Turley Martin Tucker.
-Verizon Access Transmission Services leased 3,427 square feet of office space at 550 Congressional Blvd., Carmel. Michael Swanson of Jones Lang LaSalle-Southwest represented the tenant. The landlord, 550 Congressional Blvd. LLC, was represented by David A. Moore, Darrin L. Boyd and Mary Beth Kohart of Colliers Turley Martin Tucker.
-Paws Ability leased 2,800 square feet at Plainfield Village on U.S. 40. The landlord, The Broadbent Co., was represented by Jeff Roberts. The tenant represented itself.-Millennium Sounds leased 2,800 square feet at Clearwater Shoppes, 82nd Street and Dean Road. The landlord, The Broadbent Co., was represented by John Beuoy. The tenant represented itself.
-The Game Preserve Inc. leased 1,600 square feet in Fashion Mall Commons, 8487 Union Chapel Road. The tenant was represented by Robyn Smart of CB Richard Ellis. The owner/landlord, Fashion Mall Commons I LP, was represented by John Beuoy of The Broadbent Co.
Analyst: Recalled Toyotas likely won’t face long-term resale hit
Recalled Toyotas have been yanked from used-vehicle auction blocks, but resale values should be protected if Toyota handles
the
recall with “transparency,” according to a local analyst.St. Vincent to buy Care Group, city’s largest cardiology practice
St. Vincent Health is near an agreement to take over The Care Group LLC, the city’s largest independent physician practice
and largest cardiology group in the nation.Independent bookstore in Carmel ends seven-year run
The Mystery Co. in the Arts & Design District plans to host a farewell party Jan. 30, and close for good a few
days later.Apartment developer investing $100M in Hamilton projects
Carmel-based developer J.C. Hart Co. is making a $100 million bet that luxury apartment communities will continue to thrive
in Hamilton
County, particularly along 146th Street.Federal rule tied to electronic medical records panned
The government has erected a high fence around a pot of $27 billion available to doctors and hospitals that successfully
computerize their patient records by next year, sparking complaints.Indiana Senate panel approves school-start-date bill
The committee endorsed legislation that would prevent the state’s public schools from starting classes before Labor Day.
Independent Carmel bookstore closing
An independent book shop specializing in mystery and suspense novels is closing after a seven-year run in Carmel.
Construction
-Shamrock Builders-Commercial has started an interior rebuilding project for Dr. Stephen Lehman, DDS, at 320 Medical Drive,
Carmel. A fire gutted the 4,480-square-foot office Nov. 1. The project is scheduled to be completed by the end of May.-Shamrock Builders-Commercial has broken ground on a new office for Laughlin / Northwestern Mutual Life at 9759
Crosspoint Blvd. The 18,000-square-foot building is scheduled to be completed by the middle of July.-D.B. Klain
Builders LLC has completed a 1,162-square-foot tenant build-out at 2159 Glebe St., Carmel. The space is occupied by Edward
Jones & Co.
Indianapolis hospitals extending reach statewide
St. Vincent Health’s agreement to lease the county hospital in Salem for five years is the latest in a string of deals
by Indianapolis hospital systems seeking a statewide presence.ITT Educational’s quarterly profit, revenue climb
ITT Educational Services Inc. reported higher profit in the fourth quarter of 2009, earning $2.56 per share. The Carmel-based
for-profit educator’s earnings topped analysts’ expectations.Additional deals that didn’t make the mergers-and-acquisitions list
These deals had no price tag, but still were significant.
Indiana businesses are welcoming investment from China
Some observers see a parallel to the state’s seeking Japanese investment following recession in the early 1980s.
Bogdanovich at the IMA, ATI’s nuns, and more
Arts organizations fill out their winter/spring lineups.
Basiles give big gift to Carmel performing arts center
The center will recognize the donation by naming
the cafe and gift shop inside the 1,600-seat concert hall after the Basiles.Area hospital construction taking break after expensive binge
Observers expect a lull with inpatient facilities for five years or more, but continued proliferation of outpatient
clinics and surgery centers.Cincinnati-area builder Fischer expands to Indianapolis
Home builder hopes to sell as many as 200 houses in region this year. Fischer, which entered the Columbus, Ohio,
market in 2008 after buying subdivisions from retreating builders, is using the same strategy to establish a foothold in Carmel,
Westfield, Zionsville and Avon.