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Articles

STYLE: Studio AMF jewelry business continues to grow

November 11, 2010

Local design junkies know a Studio AMF piece by its painstakingly finished woodwork embedded with specks of sterling silver. That type of branding is difficult to achieve without using a giant logo, and Allison Ford is one of few, if not the only, local designers to pull it off.

Motor maker Remy plans expansion driven by electric vehicles

November 11, 2010

Motor maker Remy International will embark on a major expansion next spring to satisfy growing demand from makers of hybrid and electric vehicles—and Madison County officials think they’re well positioned to land the jobs.

People in the news – Nov. 15, 2010

November 11, 2010

People listings are free.

Leasing/leasing contracts

November 15, 2010

-Compass Group USA Inc. leased 20,160 square feet of industrial space at 2610 E. Fortune Circle. The tenant was represented by Kyle Powell and Don Treibic of Cassidy Turley. The landlord, Blue Real Estate, was represented by Jake Sturman and Brian Buschuk of Jones Lang LaSalle.

-DuCharme McMillen & Associates Inc. leased 17,499 square feet of office space at Allison Pointe, 8440 Allison Pointe Blvd. The tenant was represented by Steve Beals of Lee & Associates. The landlord, TIC Properties Management LLC, was represented by Bryan Miller of Cassidy Turley.

-Girls Scouts leased 15,713 square feet at 2611 Waterfront Parkway, East Drive.  The tenant was represented by Rebecca Baer of Summit Realty Group. The landlord, New Boston Jacaranda L.P., was represented by Gus Sevastianos and Brian Fitzgerald of Citimark Management Co. Inc.

-Dreamscape Landscaping leased 7,200 square feet of industrial space at 4021 W. 10th St. The landlord, Speedway Industrial Park, was represented by Bill Byram of Cassidy Turley. The tenant represented itself.

-The Indianapolis affiliate of the Susan G. Komen Breast Cancer Foundation Inc. leased 3,321 square feet of office space at 3500 DePauw Blvd. The tenant was represented by Mary Beth Kohart of Cassidy Turley. The landlord, CP Pyramids Associates LP, was represented by David A. Moore, Darrin L. Boyd and Bennett M. Williams of Cassidy Turley.

-Formstack Inc. leased 3,245 square feet of office space at 6525 E. 82nd St. The tenant was represented by Todd Morris of JTM Commercial. The landlord, BREOF Castleton Park REO LLC, was represented by David A. Moore and Darrin L. Boyd of Cassidy Turley.

-Hunt Big Sales leased 3,186 square feet of office space at 10150 Lantern Road, Fishers. The tenant was represented by Darrin L. Boyd and David A. Moore of Cassidy Turley. The landlord, Genesis Development Group LLC, was represented by Paul Dick of Colliers International.

-New Balance Shoe Store leased 3,147 square feet of retail space at West Carmel Marketplace, 9893 N. Michigan Road. The tenant, Brad Stout, was represented by Tom Megenhardt of Thomas K. Megenhardt Commercial Real Estate. The landlord, CASTO, was represented by John Byrne and Jacque Haynes of Cassidy Turley.

-Wellspring Counseling & Consulting Resources LLC leased 1,515 square feet of office space at 3091 E. 91st St. The landlord, BREOF Keystone REO LLC, was represented by David A. Moore and Darrin L. Boyd of Cassidy Turley. The tenant represented itself.

-ASI Inc. leased 1,000 square feet 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.

-Indy Intervention renewed its lease for 800 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.

Construction

November 15, 2010

-Alt Construction has started a 12,000-square-foot tenant build-out for Marion County Traffic Court at 8115 E. Washington St.  The project is scheduled to be completed next month.

-Alt Construction has started a 12,500-square-foot tenant build-out for Planet Fitness at 8811 Hardegan St. The project is scheduled to be completed next month.

-Kort Builders has started a 3,000-square-foot restaurant addition for Ale Emporium at 8617 Allisonville Road.

-Shamrock Builders-Commercial has started construction of a new dental office for Dr. Kevin Toole at 480 E. Northfield Drive, Suite 400. The 1,740-square-foot office is to be completed by Jan. 15.

Allison Transmission, key supplier continue court battle

November 18, 2010

The dispute reached a boiling point early this year when the supplier, Allison’s sole supplier of bonded piston seals, threatened to stop shipping.

Geist apartment complex sale ends drought of Class A transactions

November 22, 2010

Grande Reserve at Geist fetched $13.3 million, just shy of the asking price.

Leases/leasing contracts

November 22, 2010

-Henry Schein leased 243,200 square feet of industrial space at 5645 W. 82nd St. in Park 100. The tenant was represented by Patrick Lindley of Cassidy Turley. The landlord, ProLogis, was represented by Luke Wessel of Cassidy Turley.

-nFrame leased 52,824 square feet at 701 Congressional Blvd., Carmel. The tenant was represented by Sam Smith and Yumi Prater of Colliers International. The landlord, Technology Center Associates LP, was represented by Mike Napariu of REI Real Estate Services.

-Culture Lighting Co. Inc. renewed its lease for 7,200 square feet at 5329 W. 86th St. The landlord, Forester Properties, was represented by Kyle Powell and Bryan Poynter of Cassidy Turley. The tenant represented itself.

-McAlister’s Deli leased 6,400 square feet at Allyne Park, 1011 N. State Road 135, Greenwood. The tenant was represented by Bill Talbott of The Talbott Group. The landlord, Allyne Park Dynasty, was represented by Liz Yoho of Providence Development.

-MCPC Indianapolis LLC leased 5,711 square feet in the Carmel Technology Center, Building 2, 12336 Hancock St., Carmel. The tenant was represented by Brian Buschuk of Jones Lang LaSalle. The landlord, ATAPCO Carmel Inc., was represented by John Vandenbark and Dan Richardson of CB Richard Ellis.

-Indianapolis Osteopathic Hospital Inc. leased 4,244 square feet at 3750 Guion Road. The tenant was represented by Brian Meeks and Jon Owens of Cassidy Turley. The landlord, Hoosier Motor Mutual Insurance, was represented by Nick Svarczkopf and John Vandenbark of CB Richard Ellis.

-MS Consultants leased 3,627 square feet at 8900 Keystone Crossing. The tenant was represented by Nick Svarczkopf and Dan Richardson of CB Richard Ellis. The landlord, Keystone Investors LLC, was represented by Abby Cooper and John Robinson of Jones Lang LaSalle.

-Freight Masters leased 3,192 square feet at 2629 Waterfront Parkway, East Drive. The landlord, New Boston Jacaranda LP, was represented by Gus Sevastianos and Brian Fitzgerald of Citimark Management Co. Inc. The tenant represented itself.

-Safe Sitters leased 2,281 square feet at 8604 Allisonville Road. The tenant was represented by MaryBeth Kohart of Cassidy Turley. The landlord, Castle Creek Office LLC., was represented by Gus Sevastianos and Brian Fitzgerald of Citimark Management Co. Inc.

-Utili-Comm South Inc. renewed its lease for 1,550 square feet of industrial 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.

-Meridian Group leased 976 square feet at 8604 Allisonville Road. The landlord, Castle Creek Office LLC, was represented by Gus Sevastianos and Brian Fitzgerald of Citimark Management Co. Inc. The tenant represented itself.

Celebrity TV ads tout Allison Transmission

November 24, 2010

A Chevrolet campaign could make the Speedway-based manufacturer more of a household name.

Crash in Fishers knocks out power

November 29, 2010

A semi-truck crashed into a utility pole near 116th Street and Allisonville Road in Fishers Monday morning, knocking out power for about 1,700 Duke Energy customers. The driver was trying to park his rig when he hit the pole, causing power lines to fall on the truck’s cabin. He was trapped inside for about an hour. The 4:30 a.m. accident temporarily shut down traffic at the busy intersection.

2010 CFO OF THE YEAR: David S. Graziosi

November 30, 2010

The Allison Transmission Inc. executive vice president and CFO is the winner in the private companies (revenue more than $100,000) category.

Conner Prairie to open interactive Civil War exhibit

December 1, 2010

Conner Prairie Interactive History Park will open a Civil War exhibit in June, hoping for a similar bump in membership and ticket sales as it got from its Balloon Voyage rides the past two years.

Leasing/leasing contracts

December 6, 2010

-Ascension Health Ministry Service Center. also known as Ascension Health, leased 92,000 square feet at Eleven Fortune Park. The tenant was represented by Bill Ehret and Katie Sobotowski of Summit Realty Group. The landlord, Eleven Fortune Park Limited Partnership, was represented by Ron Foster of Echelon Realty Advisors and by IBUS Asset Management, the limited partnership’s Washington, D.C.-based asset manager.

-Halakar Real Estate has been hired by Equicor Cos. to be the exclusive leasing agent for Waterplace Park, a 113,000-square-foot property at 8925-9011 N. Meridian St., and Fidelity Keystone Office Tower, a 37,000-square-foot building at 650 E. Carmel Drive, Carmel. Halakar’s Ashley Bussell, Ralph Balber and Todd Maurer will be in charge of leasing for the properties.

-Bycan-Sellen leased 12,806 square feet of industrial space at 7998 Centerpoint Drive. The landlord, ING Clarion Partners, was represented by Fritz Kauffman and Bryan Poynter of Cassidy Turley. The tenant represented itself.

-Sallie Mae Inc. leased 10,400 square feet of industrial space at 9900 Westpoint Drive, Nos. 118 and 120. The landlord, ING Clarion Partners, was represented by Fritz Kauffman and Bryan Poynter of Cassidy Turley. The tenant represented itself.

-EMP Technology Group LLC leased 8,120 square feet of industrial space at 15309 Stony Creek Way, Noblesville. The tenant was represented by Fritz Kauffman of Cassidy Turley. The landlord, Gulf Shores LLC, was represented by Chris Black of CB Richard Ellis.

-A&F Engineering Co. LLC leased 7,560 square feet of office space at 8365 Keystone Crossing. The tenant was represented by Tim O’Connor of Prudential Indiana Realty Group. The landlord, Sourwine Real Estate Services, was represented by Andrew Martin of Cassidy Turley.

-PrimeLending leased 6,216 square feet of office space at 9100 Meridian Square, 50 E. 91st St. The tenant was represented by Richard Trimpe of CB Richard Ellis. The landlord, Sourwine Real Estate Services, was represented by Andrew Martin of Cassidy Turley.

-Stifel Nicolaus & Co.  leased 5,740 square feet at 8888 Keystone Crossing. The tenant was represented by Jay Stewart of Grubb & Ellis. The landlord, BPG Properties Ltd., was represented by John R. Robinson and Abby L. Cooper of Jones Lang LaSalle.

-Fall Creek Montessori Academy leased 5,400 square feet at 8888 Fitness Lane, Fishers. The tenant was represented by David Kiernan HR Realty Group LLC. The landlord, Midwest Properties, was represented by Keith Dedrick of Corporate Commercial Group.

-Educate Beyond All Barriers Inc. leased 5,200 square feet of industrial space at 2101 S. State Ave. The landlords, Norman and Dianne Meurer, were represented by Kelly Williams of Cassidy Turley. The tenant represented itself.

-10/01 leased 4,500 square feet of restaurant space at 1001 Broad Ripple Ave. The tenant was represented Michael Cranfill of Sitehawk Retail Real Estate. The landlord, 1001 Properties Inc., was represented by Gary Perel of UrbanSpace.

-Woodland Montessori Inc. leased 4,334 square feet of office space at 10305 N. Allisonville Road. The tenant was represented by Jeff Merritt of Summit Realty Group. The landlord, JMH Properties LLC, was represented by Scott H. Lindenberg and Jason Challand of Echelon Realty Advisors.

-MS Consultants leased 3,627 square feet at 8900 Keystone Crossing. The tenant was represented by Nick Svarczkopf of CB Richard Ellis.  The landlord, BPG Properties Ltd., was represented by John R. Robinson and Abby L. Cooper of Jones Lang LaSalle.    

-American Society of Clinical Pathology leased 3,179 square feet at 8900 Keystone Crossing. The landlord, BPG Properties Ltd., was represented by John R. Robinson and Abby L. Cooper of Jones Lang LaSalle. The tenant represented itself.  

-Rimkus Consulting Group Inc. leased 3,021 square feet of office space at One College Park. The tenant was represented by Scott H. Lindenberg of Echelon Realty Advisors. The landlord, Zeller Management Co., represented itself.

-Patton & Associates leased 2,666 square feet at 9000 Keystone Crossing. The tenant was represented by Rob Chrisman of Bridge Real Estate Advisors Inc. The landlord, BPG Properties Ltd., was represented by John R. Robinson and Abby L. Cooper of Jones Lang LaSalle.        

-Subway has entered a build-to-lease deal with Holladay Properties Inc., which will build a 2,100-square-foot free-standing restaurant on nine-tenths of an acre at 8240 Belfast Drive at the entrance to AmeriPlex Business Park. The landlord, Holladay, was represented by Ryan Zickler of Zickler Associates. The tenant represented itself.

-SC Hoskins and Co. leased 2,045 square feet at Franklin Professional Center, State Road144 and Westview Drive, Franklin. Both the tenant and landlord, Landmark Properties Inc., represented themselves.
 
-Pilates Indy Inc. leased 1,400 square feet at Greenwood Springs, 8028 S Emerson Ave. The landlord, Regency Realty Group Inc., was represented by Keith Fried of Sitehawk Retail Real Estate. The tenant represented itself.

-Employment Plus Inc. leased 1,250 square feet of retail space in South Greenwood Shoppes, 6001 N. U.S. 31, Whiteland. The tenant and the landlord, HRCP Inc., were represented by Cathy Richards of Lee & Associates.

-Definitive Auto Sales LLC leased 1,250 square feet of retail space in South Greenwood Shoppes, 6001 N. U.S. 31, Whiteland. The tenant and the landlord, HRCP Inc., were represented by Cathy Richards of Lee & Associates.

-Hello Indiana LLC leased 800 square feet of retail space at 3119 W. 30th St.  The tenant and the landlord, DEWERCS One LLC, were represented by Cindy Hoskinson and Herb Feldmann of Lee & Associates.

-Service Master @ Your Service LLC leased 662 square feet of office space at 5455 W. 86th St. The landlord, Polaris Commercial investments LLC, was represented by Scott H. Lindenberg of Echelon Realty Advisors. The tenant represented itself.

-Lewis Legal Services leased 663 square feet of office space at 5455 W. 86th St. The landlord, Polaris Commercial Investments LLC, was represented by Scott H. Lindenberg of Echelon Realty Advisors. The tenant represented itself.

FRIEDMAN: Education is the path out of stagnation

December 8, 2010

We need an all-society effort—from the White House to the classroom to the living room—to nurture a culture of achievement and excellence.

Former Allison executive alleges bribery

December 9, 2010

Stephen Lowe, a former Allison Transmission managing director based in Shanghai, claims the company booted him from a top post in China because he raised concerns about bribery.

Leasing/leasing contracts

December 10, 2010

-Orchard Software leased 40,694 square feet at 701 Congressional Blvd., Carmel.  The tenant was represented by John Vandenbark of CB Richard Ellis. The landlord, Technology Center Associates LP, was represented by Mike Napariu of REI Real Estate Services.

-DuCharme McMillen and Associates extended and expanded its lease to 17,499 square feet at Lake Point II, 8440 Allison Pointe Blvd. The tenant was represented by Steve Beals of Lee & Associates Commercial Real Estate Services. The landlord, TIC Properties Management LLC, was represented by Bryan Miller of Cassidy Turley.

-Signworks Inc. leased 10,800 square feet of industrial space at 5343-5351 W. 86th St. The tenant was represented by Kelly Williams of Cassidy Turley. The landlord, Indy Flex Investors, was represented by Bryan Poynter and Kyle Powell of Cassidy Turley.

-Quadel Consulting Corp. leased 9,297 square feet of office space in Market Tower, 10 W. Market St. The tenant was represented by Tom Hadley of Summit Realty Group. The landlord, MT Acquisitions LLC, was represented by David A. Moore and Darrin L. Boyd of Cassidy Turley.

-Church of Iron leased 7,650 square feet of industrial space at 5120 E. 64th St. The tenant was represented by Kevin Kempf and Patrick Lindley of Cassidy Turley. The landlord, Orthopros LLC, was represented by Stan Elser of Lee & Associates.

-That’s Good HR Inc. leased 6,403 square feet of office space at 8440 Woodfield Crossing Blvd. The tenant was represented by Graham Summers and Adam Broderick of Jones Lang LaSalle. The landlord, Cassidy Turley Midwest Inc., was represented by Darrin L. Boyd and David A. Moore of Cassidy Turley.

-Pete And D's Corp. leased a 5,642-square-foot former Denny's restaurant at 4902 S. East St. The tenant was represented by David Simons of Velocity Commercial Real Estate. The landlord, National Retail Properties, represented itself.

-West Racing Team leased 5,063 square feet of industrial space in Crosspoint II, 9900 Westpoint Drive. The tenant was represented by Conrad Jacobs of Halakar Real Estate. The landlord, LIT Industrial Limited Partnership, was represented by Fritz Kauffman and Bryan Poynter of Cassidy Turley.

-Hair Club for Men extended and expanded its lease to 4,865 square feet at Woodland I, 8275 Allison Pointe Trail.  The tenant was represented by John Crisp of Cassidy Turley.  The landlord, TIC Properties Management LLC, was represented by Bryan Miller of Cassidy Turley.

-Dyslexia Institute of Indiana Inc. leased 3,345 square feet of office space at 8395 Keystone Crossing. The tenant was represented by Timothy O’Brien of Colliers International. The landlord, Sourwine Real Estate Services, was represented by Andrew Martin of Cassidy Turley.

-New Balance Shoe Store leased 3,147 square feet of retail space at West Carmel Marketplace, 9893 N. Michigan Road. The tenant, Brad Stout, was represented by Tom Megenhardt. The landlord, CASTO, was represented by John Byrne and Jacque Haynes of Cassidy Turley.

-Decatur Vein Clinic leased 2,000 square feet of retail space at 105 S. Raceway Road. The tenant was represented by Richard King III of Hokanson Cos. The landlord, Ossip Real Estate, was represented by Jacque Haynes of Cassidy Turley.

-Crosspoint Communications leased 1,747 square feet of industrial space at 9855 Crosspoint Blvd. The landlord, LIT Industrial Limited Partnership, was represented by Fritz Kauffman and Bryan Poynter of Cassidy Turley. The tenant represented itself.

-Enterprise Roofing Contractors of Indiana Inc. renewed its lease of 650 square feet 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.

Sales/acquisitions

December 10, 2010

SNA Commercial Properties LLC bought a 14,904-square-foot church building at 11965 Allisonville Road. The price wasn’t disclosed. The buyer was represented by Darrin L. Boyd of Cassidy Turley. The seller, Lutheran Church Extension Fund, was represented by Darrin L. Boyd and David A. Moore of Cassidy Turley.

Fishers-based mortgage company to add 300 jobs

December 14, 2010

Stonegate Mortgage Corp. plans to move next spring from its current location near 106th Street and Allisonville Road to a 29,000-square-foot office near 106th Street and State Road 37.

UPDATE: Competitors’ woes could help Fishers mortgage firm expand

December 14, 2010

Fishers-based Stonegate Mortgage Corp. plans to spend about $3 million to expand operations, creating up to 300 jobs by 2015.

Rolls-Royce scores more military business

December 17, 2010

Rolls-Royce Corp. landed more than $100 million in new business this week, winning two contracts to provide support for aircraft engines it makes in Indianapolis for the U.S. Army and Navy.

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