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2012 CFO OF THE YEAR: Stephen D. Fugate
Stephen D. Fugate, chief financial officer and co-owner of Cargo Services Inc., is a finalist in the private companies (revenue $100 million or less) category.
2012 CFO OF THE YEAR: Joseph D. Cathcart
Joseph D. Cathcart, chief financial officer of F.A. Wilhelm Construction Co., is a finalist in the private companies (revenue over $100 million) category.
25-acre retail project aims to hook grocery
Developers are moving forward on plans for a 25-acre, grocery-anchored redevelopment in the Highland-Kessler neighborhood after winning city zoning approval this month.
Leases/leasing contracts
-County Line Emporium leased 85,000 square feet at West Washington Street Center, at West Washington Street and Interstate 465. The tenant was represented by Tracey Holtzman of Midland Atlantic Properties. The landlord, West Washington Street Partners LLC, represented itself.
-Indiana Institute of Technology leased 19,806 square feet of office space at 3500 Depauw Blvd. The tenant was represented by Yumi Prater of Colliers International. The landlord, Sterling American Property Inc., was represented by Dave Moore, Darrin Boyd and Bennett Williams of Cassidy Turley.
-Oobatz leased 5,784 square feet at 3716 E. 82nd St. The landlord, Clearwater I LLC, was represented by Liz Yoho of Providence Development. The tenant was represented by Michael Cranfill of Sitehawk Retail Real Estate.
-Anytime Fitness leased 5,000 square feet of retail space at 1901-1943 Melody Lane, Greenfield. The tenant was represented by Brent Godbout of Franchise Real Estate. The landlord, Lor Corp., was represented by Jacque Haynes of Cassidy Turley.
-Maxim Healthcare Services Inc. leased 4,511 square feet of office space at 6505 E. 82nd St. The landlord, NorthStar Realty Finance Corp., was represented by Dave Moore and Darrin Boyd of Cassidy Turley. The tenant represented itself.
-Massage Envy leased 4,049 square feet at Northfield Commons, Northfield Drive and N. County Road 625 East, Brownsburg. The tenant was represented by Tracey Holtzman of Midland Atlantic. The landlord, Brownsburg Development LLC, was represented by Liz Yoho of Providence Development.
-AthleticCo Physical Therapy leased 3,313 square feet at Cornerstone Commons, 912 S. Rangeline Road, Carmel. The tenant was represented by Craig Ramsay of Sitehawk Retail Real Estate. The landlord, B&D Carmel Properties LLC, was represented by Paul Dick of Colliers International.
-Tax Management Associates Inc. leased 3,138 square feet of office space at 6081 E. 82nd St. The landlord, NorthStar Realty Finance Corp., was represented by Dave Moore and Darrin Boyd of Cassidy Turley. The tenant represented itself.
-Piada Italian Street Food leased 3,011 square feet at Rangeline Crossing, 116th Street and Rangeline Road, Carmel. The tenant was represented by Steve Delaney of Sitehawk Retail Real Estate. The landlord, KRG Centre LLC, was represented by Blake Beaver of Kite Realty Group.
-Golf Etc. Avon leased 2,500 square feet of retail space in Avon Commerce Crossing, 8179 E. U.S. 36, Avon. The landlord, Commerce Crossing, LLC, was represented by Brett Burch of Valenti Real Estate Services Inc. The tenant represented itself.
-Tegry Bistro leased 2,495 square feet at Geist Pavilion, 11501 Geist Pavilion Drive, Fishers. The landlord, 116th & Olio LLC, was represented by Andrew Hasbrook of Kite Realty Group. The tenant represented itself.
-McNamara Florist leased 2,262 square feet of retail space at 10106 Brooks School Road, Fishers. The tenant was represented by Bill French of Cassidy Turley. The landlord, FCH Associates LLC, was represented by Cindy Hoskinson of Lee & Associates.
-Jude Momodu Holdings LLC leased 1,800 square feet of office space at 480 E. Northfield Drive, Brownsburg. The landlord, Crouse Management LLC, was represented by Brett Burch of Valenti Real Estate Services Inc. The tenant represented itself.-Marco’s Pizza leased 1,711 square feet at Bridgewater Marketplace , 14641 N. Gray Road, Westfield. The tenant was represented by Andrew Clifford of 7D Commercial Real Estate. The landlord, KRG Bridgewater LLC, was represented by Blake Beaver of Kite Realty Group.
-Yats Cajun Creole Restaurant leased 1,600 square feet at Traders Point II, 5650 W. 86th St., Suite 132. The tenant was represented by Gary Perel of Halakar Properties. The landlord, Kite West 86th Street II LLC, was represented by Blake Beaver of Kite Realty Group.-Lawrence Arany and Darrell Dolan leased 1,232 square feet of office space at 6525 E. 82nd St. The landlord, NorthStar Realty Finance Corp., was represented by Dave Moore and Darrin Boyd of Cassidy Turley. The tenant represented itself.
-Yats Cajun Creole Restaurant leased 1,001 square feet at The Avenue, 910 W. 10th St. The tenant was represented by Gary Perel of Newmark Knight Frank Halakar. The landlord, Buckingham Cos., was represented by Natasha Evans of Buckinghan Real Estate.
Golf business heats up thanks to 2012 drought
Positives can be hard to find in a record-breaking drought. However, for most of the roughly 430 golf courses in Indiana, last summer’s scorcher was actually good for business.
$225M Westfield project in works
Developer Steve Henke’s vision for Grand Park Village is grand: a 20-acre lake surrounded by an East Coast-style boardwalk lined with restaurants and shops. He sees a carousel at one end of the lake and a Ferris wheel at the other—with a beach, mini marina and watering hole in between.
Buckingham set to redevelop Carmel shopping center
The Carmel Marketplace on East Carmel Drive is directly south of the Mohawk Hills apartment complex, which Buckingham hopes to start redeveloping as part of its long-awaited Gramercy project late this year.
Walmart, bank, barbecue on tap for high-profile Fishers corner
Work is finally under way at Fishers Marketplace, a long-awaited development at the northeast corner of 131st Street and State Road 37.
Out-of-the-way club caters to members’ need for speed
Successful professionals that double as weekend race warriors and gear heads are drawn to a racetrack and club on the edge of the middle of nowhere by their love of cars and need for speed.
Westfield’s sports plan is grand
When it opens next spring, the aptly named Grand Park Sports Campus will be the largest youth sports complex of its kind in the country.
Indiana tourism spending is fraction of nearby states’
As Indiana slashed its tourism budget, Michigan increased its widespread Pure Michigan ad campaign from $17 million to $27.4 million. Illinois, where budget problems have earned the state the nation’s worst credit rating—A3 by Moody’s Investors Service—spends more than twice as much as Michigan.
Wal-Mart steps up grocery ambitions
The Indianapolis grocery market is about to become even more competitive, as discount giant Wal-Mart embarks on a strategy to offer consumers a store design much cozier than its cavernous supercenters.
Gene Glick was a soldier, a builder and a philanthropic giant
Gene Biccard Glick, who died at home following a long battle with Alzheimer’s disease, built affordable housing sprawling across 10 states—a business empire that paved the way for tens of millions of dollars in donations to causes ranging from medicine to recreation.