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Articles
Valuing ExactTarget a hit-or-miss exercise
Appraisals of private companies are inherently dicey, especially if they're not making money.
Leases/leasing contracts
-Fresnius Medical Care leased 21,673 square feet at 1320 City Center Drive, Carmel. The tenant was represented by Tim Norton and Jon Jessup of Summit Realty Group. The landlord, Panattoni, was represented by R.J. Rudolph and Tom Osborne of Colliers International.
-Restaurant Technologies Inc. leased 13,095 square feet of industrial space at 7998 Centerpoint Drive. The tenant was represented by Frank McManus of UGL Equis. The landlord, Clarion Partners, was represented by Fritz Kauffman and Bryan Poynter of Cassidy Turley.
-On Time Delivery Inc. leased 7,200 square feet of industrial space at 5146-5148 W. 79th St. The tenant was represented by J.D. Graves of CBRE. The landlord, Indy Flex Investors LLC, was represented by Kyle Powell and Bryan Poynter of Cassidy Turley.
-Flap Jacks leased 4,814 square feet of retail space at 6705 S. State Road 334, Zionsville. The tenant was represented by Paul Rogozinski of Veritas Realty LLC. The landlord, Duke Realty Corp., was represented by Jacque Haynes and John Byrne of Cassidy Turley.
-Ossip Optometry leased 3,641 square feet of retail space at 54 Monument Circle. The tenant was represented by Jacque Haynes of Cassidy Turley. The landlord, Lacy Diversified Industries Ltd., was represented by Stephen Adams of Hokanson Companies Inc.
-Wanzer Edwards PC leased 2,939 square feet of office space at 55 Monument Circle. The tenant was represented by Pete Anderson of Cassidy Turley. The landlord, Winthrop Realty Partners LP, was represented by Bennett Williams, Pete Anderson and Andrew Martin of Cassidy Turley.
–John A. Overman, DDS, leased 2,702 square feet of office space at 3003 E. 98th St. The landlord, Tom Wood Inc., was represented by Dave Moore and Darrin Boyd of Cassidy Turley. The tenant represented itself.
-Tully Bevilaqua LLC, dba Gym41, leased 2,700 square feet of industrial space at 5315 W. 86th St. The tenant was represented by Kyle Powell of Cassidy Turley. The landlord, Indy Flex Investors LLC, was represented by Bryan Poynter of Cassidy Turley.
-Yo Joy Frozen Yogurt leased 2,358 square feet of retail space at West Carmel Marketplace, 9893 N. Michigan Road, Carmel. The landlord, CASTO, was represented by Jacque Haynes and John Byrne of Cassidy Turley. The tenant represented itself.
-Stratim Group Inc. leased 1,634 square feet of office space at 3755 E. 82nd St. The tenant was represented by Andrew Martin and Bennett Williams of Cassidy Turley. The landlord, Clearwater Office LLC, was represented by Tom Hadley of Summit Realty Group.
-Senior Home Companions leased 1,511 square feet of office space at 8445 Keystone Crossing. The tenant and landlord, Northside Realty Partnership, represented themselves.-SpinWeb leased 1,465 square feet of office space at 8500 Keystone Crossing. The tenant was represented by Bryan Augustin of Alliance Commercial Real Estate. The landlord, PWA Keystone Crossing LP, was represented by Andrew Martin, Bennett Williams and Michael Semler of Cassidy Turley.
EDITORIAL: OK smoking ban before year end
A plea to City-County Council Democrats: Keep your eye on the prize and vote this month for smoke-free workplaces.
Indianapolis’ revitalized Georgia Street is work in progress
Workers finished $12.5 million in improvements between the Indiana Convention Center and Conseco Fieldhouse in November. Now will building owners bring the entertainment spot to life?
New deals add to robust year in apartment sales
The number of transactions has more than doubled compared with last year, a spike in deal flow caused by healthy occupancy rates and a combination of ample supply and low borrowing costs.
Leases/leasing contracts
-Fillpoint LLC leased 51,200 square feet at Park 100, 5845 W. 82nd St. The tenant was represented by Tom Cooler of CBRE. The landlord, Prologis, represented itself.
-King Systems Storage leased 12,900 square feet in Northparke One in Saxony, 14425 Bergen Blvd., Noblesville. The tenant was represented by Andrew Morris of Summit Realty Group. The landlord, First Industrial Realty Trust Inc., represented itself.
-Security Equipment Supply renewed its lease of 4,800 square feet of office space in Park Castlewood, 8455 Castlewood Drive. The tenant and landlord, KHK Investments LLC, were represented by Spero Pulos of Lee & Associates.-Graphicon renewed its lease of 4,039 square feet of office space in Park Castlewood, 8459 Castlewood Drive. The tenant and landlord, KHK Investments LLC, were represented by Spero Pulos of Lee & Associates.
-Integrity Flight Academy leased 4,000 square feet of industrial flex space at 5301 Commerce Circle. The tenant was represented by Robert J. Lane of Carpenter Commercial Associates. The landlord, Midwest Systems, was represented by Brenda Richards of Carpenter Commercial Associates.
-Periculum Capital Co. leased 3,769 square feet in the James Building, Four Center Green, Carmel. The tenant was represented by Douglas E. Jones, an independent broker. The landlord, Carmel City Center Community Development Corp., was represented by Mike Napariu of REI Real Estate Services LLC.
-DPS leased 3,564 square feet in the James Building, Four Center Green, Carmel. The tenant was represented by Darrell Pike of Pike Real Estate Services. The landlord, Carmel City Center Community Development Corp., was represented by Mike Napariu of REI Real Estate Services LLC.
-Academy Mortgage leased 3,100 square feet at 1624 W. Smith Valley Road, Suite B, Greenwood. The tenant and landlord, Tom Ray Builder Inc., were represented by Brenda Richards and Robert J. Lane of Carpenter Commercial Associates.
-Vortek Surgical leased 2,250 square feet of office space in Park Castlewood 8455 Castlewood Drive. The tenant was represented by Keith Dedrick of Corporate Commercial Group. The landlord, KHK Investments LLC, was represented by Spero Pulos of Lee & Associates.
-Icon Equity Partners LLC leased 1,719 square feet at 11590 N. Meridian St., Carmel. The landlord, Fidelity Office Building II LP, was represented by Mike Napariu of REI Real Estate Services LLC. The tenant represented itself.-7th Sky Hair and Nail Salon leased 1,600 square feet of retail space at Uptown Center, 9520 Uptown Drive. The landlord, KLC Realty LLC, was represented by Greg Smith and Joe Tarpey of Colliers International. The tenant represented itself.
-Ocularis leased 1,600 square feet of retail space in Winthrop Commons, 5345 N. Winthrop Ave. The landlord, Crum Realty, was represented by Ron Mannon and Scott Herider of Lee & Associates. The tenant represented itself.
-Noble Roman’s leased 1,260 square feet of retail space at Zionsville Station, 78 Brendon Way, Zionsville. The owner, KLC Realty LLC, was represented by Greg Smith and Joe Tarpey of Colliers International. The tenant represented itself.
-Edward Jones leased 1,200 square feet of retail space in Lebanon Crossing,1377 S. Lebanon St., Lebanon. The tenant was represented by David Ellis of Fenway Group. The landlord, Lebanon 39 LLC, was represented by Robyn Smart of Lee & Associates.
Cancer-drug firm Endocyte to build commercial team in Indianapolis
Endocyte employs 12 people in Indianapolis and plans to add three or four more commercial executives there over the next year and a half as it anticipates approval of its ovarian cancer medication in Europe.
PROXY CORNER: Republic Airways Holdings Inc.
Republic Airways Holdings Inc. operates airlines and provides more than 1,500 flights daily.
Leases/leasing contracts
-CNG Source Inc. leased 24,060 square feet of industrial space at 1350 Brookville Way. The tenant was represented by Michael Weishaar of Cassidy Turley. The landlord, First Industrial Realty Trust, was represented by Brian Buschuk and Brian Seitz of Jones Lang LaSalle.
-Virtual Marketing Strategies Inc. leased 22,578 square feet of office space at 8425 Woodfield Crossing. The tenant was represented by Matt Langfeldt of Summit Realty Group. The landlord, Cassidy Turley, acting as court-appointed receiver, was represented by Dave Moore and Darrin Boyd of Cassidy Turley.
-Cascade Asset Management LLC leased 15,672 square feet of industrial space at 5121-5151 Decatur Blvd. The tenant was represented by Kelly Williams of Cassidy Turley. The landlord, Holladay Properties, was represented by Matt Dickerson of Jones Lang LaSalle.
-St. Joseph Institute for the Deaf leased 10,540 square feet of retail space at 9192 Waldemar Road. The tenant was represented by Tom Osborne of Colliers International. The landlord, Landco-Waldemar, represented itself.
-Tech Electronics Inc. leased 8,000 square feet of industrial space at 2350-2360 Executive Drive. The tenant was represented by Kyle Powell of Cassidy Turley. The landlord, RJ Moore Family Partnership, was represented by Jake Sturman of Jones Lang LaSalle.-ASC Group leased 3,540 square feet of office space at 9376 Castlegate. The tenant was represented by Paul Dick and Kevin Dick of Colliers International. The landlord, Castlegate Associates LLP, was represented by Tyler Mensch of Cassidy Turley.
-LincLogix Inc. leased 2,638 square feet of office space at 7439 Woodland Drive. The tenant was represented by Pete Anderson of Cassidy Turley. The landlord, Tau Kappa Epsilon Fraternity, was represented by George Crawford of NAI Meridian Real Estate Services.-Weight Watchers leased 1,600 square feet of retail space in Centre East, 10537 E. Washington St. The tenant was represented by Robyn Smart of Lee & Associates. The landlord, Centre East LLC, was represented by Jake Teter of Centre Properties.
-Riverwood Financial Group LLC leased 1,529 square feet of office space at Carmel Office Court, 301 E. Carmel Drive #F100, Carmel. The landlord, Carmel-301 LLC, was represented by Paul Dick and Kevin Dick of Colliers International. The tenant represented itself.
-Indiana District of Kiwanis International leased 1,396 square feet of office space at 8060 Knue Road. The landlord, NorthStar Realty Finance Corp., was represented by Dave Moore and Darrin Boyd of Cassidy Turley. The tenant represented itself.
-Edward D. Jones & Co. LLP leased 1,157 square feet of office space at 4181 E. 96th St. The tenant was represented by Dave Ellis of Fenway Commercial Real Estate. The landlord, WAFS LLC, was represented by Brad King and Kevin Dick of Colliers International.
-Muscle Relief & Relaxation expanded its office lease to 1,125 square feet 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.-Solo Diagnostics leased 700 square feet of office space in 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.
WellPoint competitor Cigna buying HealthSpring
Cigna Corp. will buy fellow health insurer HealthSpring Inc. in a $3.8 billion deal as it becomes the latest managed care company to snap up a bigger share of the fast-growing Medicare Advantage market.
Restaurant roundup: Yo Joy, Which Wich, Wolfies & more
Lots of new restaurants and frozen-yogurt spots are coming to Indianapolis.
Feds won’t resolve dispute over extending I-69
Agency says state officials need the Bloomington-Monroe County Metropolitan Planning Organization’s backing to spend federal money on a section of interstate intended link with Indiana 37 near Bloomington.
Economy added 103,000 jobs in September
The burst of hiring followed a sluggish summer for the economy—and at least temporarily calms fears of a new recession that have hung over Wall Street and the nation for weeks.
Who’s Who in Education
In the last of eight installments of Who’s Who, we profile leaders in education. More than 100 individuals were nominated, representing public and private schools, secondary and post-secondary education, educational think-tanks, legislators and other organizations active in the sphere.
PANEL: Reforms to rapidly reshape health care
Reform-induced changes dominate health care panel of health care experts convened by Indianapolis Business Journal.
Also this week
Chris Tucker, who recently returned to stand-up stages, plays the Murat, Sept. 30. Details here.
The Tarkington Theatre, the new stage at the Center for the Performing Arts, gets tested by the dancers of Pilobolus, Oct. 1. Details here.
Rare USO footage, appearances by Michael Feinstein and Bob Hope’s daughter Linda, and performers from Actors Theatre of Indiana are all part of “GI Jive: The Music & Entertainers of WWII,” kicking off a new exhibition at the Palladium’s Great American Songbook Gallery, Oct. 2. Details here.
Piano duo Anderson & Roe, with guests from Dance Kaleidoscope, perform in the latest American Pianists Association Grand Encounters concert, Oct. 2 at Talbott Street. Details here.
Jon Stewart performs two shows at IU Auditorium, Sept. 30. Details here.
The Avett Brothers extend the season at the Lawn at White River State Park with an Oct. 1 concert. Details here.
Anthony Rapp, original cast star of Broadway’s “Rent,” speaks on love and loss in “Without You,” at the University of Indianapolis’ Ransburg Auditorium on Sept. 29. Details here.
Sandi Patty fans get a double hit at the Palladium. On Oct. 4, she’ll perform in concert with Michael Feinstein. On the 5th, she goes Broadway with a release concert for her new CD. Details on both shows here.
Indiana bans DuPont’s Imprelis herbicide
Officials took the action after finding that the herbicide damaged scores of trees and ornamental plants throughout the state.

