Allison extends agreement with Daimler division
Multi-year deal enables Indianapolis-based company to continue supplying transmissions to Daimler Trucks North America. Terms
of the agreement were not disclosed.
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Leasing/leasing contracts
-LH Express LLC leased 41,600 square feet of industrial space at 5252 Decatur Blvd. in the Ameriplex Business Park. The tenant, which is moving from a 15,000-square-foot location in Ameriplex, was represented by W. M. Weishaar of Cassidy Turley. The landlord, Prologis, was represented by Cassidy Turley’s Luke Wessel.
-Star Pipe Products extended its 30,000-square-foot lease at 6119 Guion Road. The tenant was represented by Stan Elser of Grubb & Ellis Harding Dahm & Co. The landlord, Grand Prix Properties, represented itself.
-Suburban Health Organization renewed its 14,210-square-foot lease at 2780 Waterfront Parkway, East Drive. The tenant was represented by Jay Gehl of Hokanson Companies Inc. The landlord, New Boston Jacaranda L.P., was represented by Gus Sevastianos and Brian Fitzgerald of Citimark Management Co. Inc.
-Picasso Lawn & Landscape LLC leased 6,000 square feet in the Near Northeast Business Center, 4330 Hull St. Tony Hupp of Summit Realty Group represented the landlord, Hull & Sellers LLC, and the tenant.-Royal United Financial Services LLC leased 5,025 square feet of office space at 7999 Knue Road. The tenant was represented by Ron Foster of Echelon Realty Advisors. The landlord, BREOF Castleton Park REO LLC, was represented by David A. Moore and Darrin L. Boyd of Cassidy Turley.
-Quadrant Financial Inc. leased 4,537 square feet of office space at 6515 E. 82nd St. The landlord, BREOF Castleton Park REO LLC, was represented by David A. Moore and Darrin L. Boyd of Cassidy Turley. The tenant represented itself.
-The Ohlson Group Inc. leased 3,058 square feet at Meridian Mark I, 11611 N. Meridian St., Carmel. The tenant was represented by Nick Svarczkopf of CB Richard Ellis. The landlord, Zeller Management Corp., represented itself.
-Elwood Staffing leased 1,600 square feet at Applewood Centre on Scatterfield Road, Anderson. The landlord, Scatterfield Road Associates, was represented by Scott Gray of Sitehawk Retail Real Estate. The tenant represented itself.-Spice Indian Grill Inc. leased 1,200 square feet at Northpark Shopping Center, 5436 W. 86th St. The landlord, F&R Realty, was represented by Liz Yoho of Providence Development. The tenant represented itself.
-Little Caesars Pizza leased 1,400 square feet at 3850 N. Post Road. The tenant was represented by Ron Mannon of Grubb & Ellis Harding Dahm & Co. The landlord, 3850 North Post Road LLC, was represented by Ryan Hurst of NAI Olympia Partners.
-Standard Mutual Insurance Co. leased 2,508 square feet at Castle Creek I, 8604 Allisonvile Road, Suite 130. The tenant was represented by Steve Beals of Grubb & Ellis Harding Dahm & Co. The landlord, New Boston Castle Creek LP, was represented by Brian Fitzgerald of Citimark Management Co. Inc.
BENNER: Speedway’s centennial becomes a crossroads
Just two years ago, the future seemed as bright for the Indy Racing League. But that was then. This is now.
Mayor unveils infrastructure-improvement plan details
City would use $425 million expected from selling the city’s water and sewer utilities to Citizens Energy Group to upgrade
city streets, sidewalks and bridges.Apartment sellers testing market again
Several apartment properties are back on the market as owners try to appeal to private investors looking for deals before higher interest rates and inflation dampen their enthusiasm.
LOU’S VIEWS: IRT’s ‘Around the World in 80 Days’
Thoughts on the Indiana Repertory Theatre’s season closer … and an average day at Conner Prairie.
Allison Transmission, supplier feuding in court
A dispute between Allison and a major supplier over allegations of defective parts has grown so contentious that
the supplier is threatening to halt shipments—a move Allison says could force it to shut down.Stone Creek owner adding to his dining empire
Mike Cunningham has run dining spots ranging from a bar and grill to yogurt stands and is now growing a popular chain of upscale
restaurants—primarily under the Stone Creek Dining Co. name—in Indiana and Ohio.Lender suffers own painful loss after homeowner’s death
A home that fetched $1.6 million in 2005 fetched a mere $370,000 when the lender sold it last year.
Local Scholars Inn sold, to reopen under new name
The Mass Ave. restaurant is set to become Mesh, which will feature a more casual atmosphere and menu, as well as a new operator who will
lease the space
from the building’s owners.Fire forces 6 families out of apartments
The Red Cross is assisting six families forced out of their apartments by fire. The Fishers Fire Department responded at about
9:45 Monday night to reports of a first-floor fire at the Deerbrook Apartments near Allisonville Road. They put it out, then
used thermal imaging and other tests to make sure it had been extinguished. They were called back at 11 p.m., however, after
the fire reoccurred. About half the apartments in the 16-unit building suffered fire and water damage.Leasing/leasing contracts
-Bridal Superstore leased 15,540 square feet at Castleton Point Shopping Center, 82nd Street and Allisonville Road. The tenant was represented by Andrew Schrage of Coldwell Banker Commercial Realty Services. The landlord, The Broadbent Co., was represented by Broadbent’s John Beuoy.
-Lamar Advertising leased 10,000 square feet at 2200 N. Curry Pike, Bloomington. The tenant was represented by Greg Witkowski of CB Richard Ellis. The landlord, D&S Investments, represented itself.
-Tom James leased 4,139 square feet of office space at 8470 Allison Pointe Blvd. The tenant was represented by David A. Moore and Darrin L. Boyd of Cassidy Turley. The landlord, Sun Life Assurance Company of Canada, was represented by Andrew D. Martin of Cassidy Turley.
-The Marion County Assessor leased 2,525 square feet in the Warren Professional Building, 7300 E. 31st St. The landlord, Robert J. Walden, was represented by Ed Troha of CB Richard Ellis. The tenant represented itself.
-Dr. Erin Phillips DDC leased 2,927 square feet at 8433 Harcourt Road. The tenant was represented by Bill Scott and Eric Steiner of Equis Corp. The landlord, Corvasc MDs PC, was represented by Matt Jackson and Joe Lonnemann of Halakar Real Estate.-Global Drug Testing Labs Inc. leased 2,400 square feet of office space at Western Select, Building 30, 2525 N. Shadeland Ave. The tenant was represented by Ryan Conrad of Resource Commercial Real Estate. The landlord, Western Select Properties, was represented by Matt Langfeldt and Rich Forslund of NAI Olympia Partners.
-Hiatt Accounting Services Inc. leased 1,750 square feet at 6350 N. Shadeland Ave. The landlord, 6350 Shadeland Ave. LLC, was represented by Matt Jackson and Joe Lonnemann of Halakar Real Estate. The tenant represented itself.
-Timothy Shobe Associates subleased 2,598 square feet at 8727 Commerce Park Drive. The tenant was represented by Matt Jackson and Joe Lonnemann of Halakar Real Estate, as was the lessor, Netwise Resources Inc.
-Ray Skillman Kia leased 1.55 acres at 1394 N. Shadeland Ave. The landlord, Justus Companies, was represented by Joe Lonnemann and Matt Jackson of Halakar Real Estate. The tenant represented itself.
-Point Blank Nutrition leased 1,434 square feet at 2784 E. 146th St. The landlord, Thompson Thrift, was represented by Susannah Gershman of Thompson Thrift. The tenant represented itself.
-FANUC America Corp. leased 1,065 square feet at 11708 N. College Ave., Carmel. The tenant was represented by Eric Kemp of Resource Commercial Real Estate. The landlord, RF Management Group LLC, was represented by Brooke Augustin of NAI Olympia Partners.
Blue Bell ice cream coming to Indianapolis
Texas-based Blue Bell Creameries will begin selling its ice cream in nine metropolitan Meijer stores beginning April 5. Distribution
will be assisted by the building of a 12,000-square-foot facility on the northwest side.Sales/acquisitions
-Teachers Credit Union purchased 2.99 acres in Allisonville Place at Allisonville Road and Easy Street, Fishers. The price wasn’t disclosed. TCU, which plans to build its 14th Central Indiana branch at the site, was represented by Donna Hovey and Robyn Smart of the Indianapolis office of CB Richard Ellis and Shawn Todd of the South Bend office. The seller, Allisonville Place, was represented by Frank Swiss and Ed Bonaker of The Swiss Group.
-Midtown Nikki Group LLC purchased a 10,125-square-foot building occupied by a CVS pharmacy at 11 N. Morton St., Franklin. The price wasn’t disclosed. The seller, Franklin Pharmacy LLC, was represented by Wayne O'Hara of Sitehawk Retail Real Estate and Mark Goldberg of Mid-America Real Estate in Chicago. The buyer represented itself.
Express lane opens for I-465 widening project
The lane opened Monday for eastbound traffic on I-465 from U.S. 31 (Meridian Street) to just past the Allisonville Road interchange.