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Articles
Banks angle for customers with Indianapolis operations
Hoosier banks from outside the Indianapolis area are piling into the market with branch locations, and with no let-up in sight.
RACE: Desecrated diagonals put us at a crossroads
Both Indianapolis and Washington, D.C., were designed as capital cities—with a certain formality, heroic views, intersecting axis, monumental architecture and sacred places.
LOU’S VIEWS: No great Shakes
It shouldn’t come as much of a surprise that, with limited resources, IUPUI’s Hoosier Bard Productions doesn’t make a masterpiece out of the most obscure of Shakespeare’s plays—one that may not even be Shakespeare’s play at all. To be sure, “The History of Cardenio” is an oddity.
Indianapolis expects savings from sweeping energy project
The city is guaranteed $7.5 million in savings over 15 years from a $18 million upgrade of city facilities, and the savings are expected to accumulate further.
Leases/leasing contracts
-Cushman & Wakefield/Summit Realty Group has been hired by Connecticut-based Edgewood Capital Advisors LLC to take over leasing and property management of a 100,000-square-foot, multi-tenant office building at 2601 Metropolis Parkway, Plainfield. Summit brokers Rich Forslund and Matt Langfeldt will oversee marketing and leasing, and Summit’s Ken Petruska will oversee property management. There is 75,000-square-feet of contiguous space available in the building, which was occupied briefly by the former Galyan’s sporting goods chain.
-Stericycle Inc. expanded its leased space in Duke Realty’s Park Fletcher Building 42, 2735 Fortune Circle West, by 52,971 square feet. The tenant was represented by Terry Busch and Nick Arterburn of CBRE. The landlord, Duke Realty, was represented by Duke’s Jay Archer.
-Circle Design Group Inc. renewed its lease for 13,221 square feet of office space at 5510 S. East St. The landlord, Healthcare Trust of America Inc., was represented by James Mount of Hokanson Cos. Inc. The tenant represented itself.
-Insurance Partners leased 5,642 square feet of office space at 8909 Purdue Road. The tenant was represented by Steve Wolkoff of Dury Investment Group. The landlord, Wells Real Estate Funds, was represented by Michael Semler of Cassidy Turley.
-CLEAResult Consulting Inc. leased 5,617 square feet at Duke Realty’s Park 100 Building 118, 5273-07 Lakeview Parkway South Drive. The tenant was represented by Graham Summers of Jones Lang LaSalle. The landlord, Duke Realty, was represented by Duke’s Adam Seger.
-China Buffet renewed its lease of 4,640 square feet of retail space in Norgate Plaza, 7225-F N. Keystone Ave. The landlord was represented by Sandor Development. The tenant represented itself.
-Nederveld leased 3,305 square feet of office space in Park Castlewood, 8459 Castlewood Drive. The tenant was represented by Herb Feldmann of Lee & Associates. The landlord, KHK Investments, was represented by Spero Pulos of Lee & Associates.-Bi Qin Shao leased 3,154 square feet at Pyramid Place Shops, 3508 W 86th St. The tenant was represented by Jeff Hubley of Midland Atlantic. The landlord, Pyramid Place Shops LLC, was represented by Dean Almas of Sitehawk Retail Real Estate.
-Holy Ground leased 2,250 square feet of office space in Park Castlewood, 8455 Castlewood Drive. The tenant and landlord, KHK Investments, were represented by Spero Pulos of Lee & Associates.
-Trinity Consultants Inc. leased 2,062 square feet at 7330 Woodland Drive. The tenant was represented by Nick Svarczkopf of CBRE. The landlord, Duke Realty, was represented by Duke’s Adam Seger.
-Touch of Class Nails leased 1,600 square feet at Allyne Park, 1001 State Road 135, Greenwood. The landlord, Allyne Parke Dynasty, was represented by Liz Yoho of Providence Development. The tenant represented itself.
-Pinocchio’s Ice Cream leased 1,600 square feet at Allyne Park, 1001 State Road 135, Greenwood. The tenant was represented by Mandy McGovern of Keller Williams Indy Metro South. The landlord, Allyne Park Dynasty, was represented by Liz Yoho of Providence Development.
-Van Horn Vacations LLC leased 644 square feet of office space at 5455 W 86th St. The tenant was represented by David Simons of Velocity Real Estate. The landlord, Polaris Commercial Investments, was represented by Dan Baldini of Polaris Real Estate.
Leases/leasing contracts
-Ariva leased 40,192 square feet in Park Fletcher 35, 2850 S. Lynhurst Ave. The tenant was represented by Jake Sturman and Brian Seitz of Jones Lang LaSalle. The landlord, Duke Realty Corp., was represented by Duke’s Kate Willen Ems.
-COASH LLC (dba IMC Credit Services) leased 15,475 square feet of industrial space at 6911 6999 Hillsdale Court. The tenant was represented by Mike Semler of Cassidy Turley. The landlord, Duke Realty Corp., was represented by Duke’s Kate Willen Ems.
-KCI renewed its lease for 12,800 square feet in Park 100 Building 59, 8002-42 Woodland Drive. The tenant was represented by Brian Seitz of Jones Lang LaSalle. The landlord, Duke Realty Corp., was represented by Duke’s Kate Willen Ems.-Assurant Employee Benefits renewed its lease of 11,750 square feet of office space at 8425 Woodfield Crossing Blvd. The tenant was represented by Brian Askins of UGL Equis. The landlord, Cassidy Turley, acting as court-appointed receiver, was represented by Dave Moore and Darrin Boyd of Cassidy Turley.
-Sherwin Williams renewed its lease of 3,508 square feet of office space at 6535 E. 82nd St. The landlord, NorthStar Realty Finance Corp., was represented by Dave Moore and Darrin Boyd of Cassidy Turley. The tenant represented itself.
-American Teleservices Association Inc. leased 2,930 square feet of office space at 8500 Keystone Crossing. The tenant was represented by Kevin Dick and Paul Dick of Colliers International. The landlord, PWA Keystone Crossing, LP, was represented by Andy Martin, Bennett Williams and Mike Semler of Cassidy Turley.
-DeVry University leased 2,595 square feet of office space at 9100 Keystone Crossing. The tenant was represented by Mike Semler of Cassidy Turley and Stella Fortunato of Newmark Knight Frank Halakar. The landlord, Keystone Investors LLC, was represented by John Robinson of Jones Lang LaSalle.
-Tricor Automotive leased 2,280 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.
-Edible Arrangements leased 1,500 square feet of retail space at 17 N. Pennsylvania St. The tenant was represented by Allison Tiefel of Cassidy Turley. The landlord, GLJ Realty, represented itself.
-Hennessy & Roach, PC leased 1,307 square feet of office space at 9339 Priority Way W. Drive. The tenant was represented by Darrell Pike of Pike Real Estate Services LLC. The landlord, Transwestern, was represented by Darrin Boyd and Dave Moore of Cassidy Turley.
-Lockheed Martin renewed its lease of 1,258 square feet of office space at 8021 Knue Road. The tenant was represented by Paula Thompson of Jones Lang LaSalle. The landlord, NorthStar Realty Finance Corp., was represented by Dave Moore and Darrin Boyd of Cassidy Turley.
-Clear Lane Freight Systems LLC leased 1,116 square feet of office space at 6100 N. Keystone Ave. The landlord, DM Property Management Inc., was represented by Bennett Williams and Andy Martin of Cassidy Turley. The tenant represented itself.
-Phone Recycling Centers of America leased 1,080 square feet at Castleton Market Place, 8413 Castleton Corner Drive. The tenant was represented by Michael Cranfill of Sitehawk Retail Real Estate. The landlord, Maquina Realty Inc., was represented by Jeff Hubley of Midland Atlantic Properties.
-Ultra Swift LLC leased 301 square feet at Chapel Hill Professional Complex, 650 N. Girls School Road. The landlord, JMMS LLC, was represented by Jeff Merritt of Summit Realty Group. The tenant represented itself.
Leasing/leasing contracts
-Hanzo Logistics Inc. leased 106,875 square feet of industrial space at 595 S. Perry Road, Plainfield. The tenant was represented by Steve Beals of Lee & Associates. The landlord, Prologis Leasing-Indianapolis, was represented by Luke Wessel of Cassidy Turley.
-Thyssenkrupp Materials LLC renewed its lease for 38,400 square feet of industrial space at 8119-8137 N. Zionsville Road. The tenant was represented by Luke Wessel of Cassidy Turley. The landlord, Dugan Financing LLC c/o Duke Realty Corp., was represented by Duke’s Glen Davis.
-The office of U.S. Senator Dan Coats renewed and expanded its lease to 4,144 square feet of office space at 10 W. Market St. The tenant was represented by Jenna Barnett of Newmark Knight Frank Halakar. The landlord, MT Acquisitions LLC, was represented by Dave Moore, Andrew Martin, Darrin Boyd and Bennett Williams of Cassidy Turley.
-Radio Shack renewed its lease for 2,800 square feet of retail space in River Ridge Plaza, 2210 S. Scatterfield Road, Anderson. The landlord was represented by Sandor Development. The tenant represented itself.
-Machine Repair LLC renewed its lease for 2,700 square feet at 2461 Directors Row in Park Fletcher Business Center. The landlord, American National Insurance Co., was represented by Don Wahle of Harshman Property Services. The tenant represented itself.
-Impulse Design and Engineering LLC renewed its lease for 2,250 square feet at 2445 Directors Row in Park Fletcher Business Center. The landlord, American National Insurance Co., was represented by Don Wahle of Harshman Property Services. The tenant represented itself.-Goldwing Touring Association Inc. renewed its lease for 2,027 square feet at 2415 Directors Row in Park Fletcher Business Center. The landlord, American National Insurance Co., was represented by Don Wahle of Harshman Property Services. The tenant represented itself.
-Apprisen Financial Advocates leased 1,888 square feet at 6345 South St. The landlord, Banta Trails LLC, was represented by Matt Jackson and Joe Lonnemann of Ambrose Property Group. The tenant represented itself.
-DWC Restoration renewed and expanded its lease to 1,800 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.
-First Call Temporary Services Inc. leased 1,800 square feet of office space at 8847 Commerce Park Place. The tenant was represented by Catherine Esselman of Penn Real Estate. The landlord, Dhillon Commerce Park LLC, was represented by Darrin Boyd and Dave Moore of Cassidy Turley.
-Century 21 Scheetz leased 1,600 square feet at 643 Massachusetts Ave. The landlord, FEC Investments, was represented by Jodi Milto of Midland Atlantic. The tenant represented itself.
-Cash for Gold leased 1,400 square feet at Greenwood Springs, 1279 Emerson Ave., Greenwood. The landlord, Regency Centers, was represented by Keith Fried of Sitehawk Retail Real Estate. The tenant represented itself.
-French Nail Salon leased 1,200 square feet of retail space at Decatur Depot, 5021 S. Kentucky Ave. The landlord, KLC Realty LLC, was represented by Greg Smith and Joe Tarpey of Colliers International. The tenant represented itself.
-UA Nail renewed its lease for 1,120 square feet of retail space in Eagledale Plaza, 2802 Lafayette Road, Suite 3. The landlord was represented by Sandor Development. The tenant represented itself.
-Phone Recycling Centers of America leased 1,080 square feet at Castleton Market Place, 8413 Castleton Corner Drive. The tenant was represented by Michael Cranfill of Sitehawk Retail Real Estate. The landlord, Maquina Realty Inc, was represented by Patrick Forkin of MidAmerica Real Estate Group.
Neighborhoods outside downtown hoping for big crowds, too
Starting Thursday, a free shuttle service will carry Super Bowl visitors to Indianapolis-area hotspots such as Massachusetts Avenue, Fountain Square and Broad Ripple, or as far away as Carmel, Greenfield, Shelbyville or the village of Zionsville.
New Republican councilor beat long odds
Republican Jeff Miller's wife died three months before the Nov. 8 election, but he kept campaigning for City-County Council—and won in a district that leans Democratic against an incumbent.
Apartments, retail planned for Virginia Ave. corridor
Call it Extreme Makeover: Holy Rosary. Just about every building and corner along a four-block stretch of Virginia Avenue in this historic neighborhood southeast of downtown is under construction or will be soon.
Leases/leasing contracts
-Kuehne + Nagel leased 126,420 square feet in Park Fletcher Building 38, 2840 Fortune Circle West. The tenant was represented by Mark Writt and Bayne Porter of CB Richard Ellis. The landlord, Duke Realty, was represented by Duke’s Glenn Davis.
-Thrifty Supply leased 28,000 square feet at East Main Street Shoppes, 1004 E. Main St., Brownsburg. The tenant was represented by Jodi Milto of Midland Atlantic. The landlord, Mark IV Co., represented itself.
-Tilted Kilt leased 8,000 square feet at 141 S. Meridian St. The tenant was represented by Ryan Murphy of SRS Real Estate. The landlord, SMC-Retail LLC, was represented by Gary Perel of Newmark Knight Frank Halakar.
-Napa Auto Parts leased a 7,500-square-foot former Speedway Auto Parts at 2678 E. Main St., Plainfield. The landlord, Dorothy Turner, was represented by Tracey Holtzman of Midland Atlantic. The tenant represented itself.
-Formstack leased 5,206 square feet of office space at 8606 Allisonville Road. The tenant was represented by Kevin Gillihan and Graham Summers of Jones Lang LaSalle. The landlord, Castle Creek Office LLC, was represented by Brian Fitzgerald of Citimark Management Co.
-Associated Bank leased 5,102 square feet at 300 N. Meridian St. The tenant was represented by John Crisp of Cassidy Turley. The landlord, University Park Associates LLC, was represented by Mike Napariu of REI Real Estate Services LLC.
-Bu Da Lounge leased 5,000 square feet at 148 E. Market St. The tenant was represented by Conrad Jacobs of Newmark Knight Frank Halakar. The landlord, Center Township Investments LLC, was represented by Gary Perel of Newmark Knight Frank Halakar.
-Grace Assembly of God renewed its lease for 5,000 square feet of retail space in South Greenwood Shoppes, 6001 N. U.S. 31, Whiteland. The tenant was represented by Bruce Richardson of Royal Cos. The landlord, HRCP Inc., was represented by Cathy Richards of Lee & Associates.
-The Flying Cupcake leased 4,000 square feet of retail space in Stewart Place, 831 S. Rangeline Road, Carmel. The tenant was represented by Bart Jackson and Scot Courtney of Lee & Associates. The landlord, TT Commercial One LLC, was represented by Susannah Gershman of Thompson Thrift.
-Laundry Bright leased 3,400 square feet at Hanna Shops, 3915 S. Madison Ave. The tenant was represented by Jodi Milto of Midland Atlantic. The landlord, RCS Holdings LLC, was represented by Jeff Merritt of Summit Realty Group.
-Soil and Materials Engineers Inc. leased 2,585 square feet of office space at 5847 W. 74th St. The tenant was represented by Darrin Boyd and Dave Moore of Cassidy Turley. The landlord, Duke Realty, was represented by Kate Willen of Duke.
-The Environmental Protection Agency leased 2,407 square feet of office space at 10 W. Market St. The landlord, MT Acquisitions LLC, was represented by Dave Moore and Darrin Boyd of Cassidy Turley. The tenant represented itself.-FileWave USA Inc. leased 2,000 square feet of office space at 10711 Horse Creek Court. The landlord, Prairie View at Crosspoint LLC, was represented by Darrin Boyd and Dave Moore of Cassidy Turley. The tenant represented itself.
-Nail Spa leased 1,300 square feet at Carmel Walk, 1305-1327 Rangeline Road, Carmel. The landlord, The Fineberg Group, was represented by Pay Boyle of Midland Atlantic. The tenant represented itself.Conservancy installs turbines at eco-friendly HQ
Wind turbines, a rare sight downtown, have finally been added to The Nature Conservancy’s high-profile building on Ohio Street.
Local homeowners trying to cash in on Super Bowl
The approach of the 2012 Super Bowl has prompted some Indianapolis-area property owners to start looking for a chance to lease their homes and condos for the big game.
Who’s Who in Banking and Finance – 2011
In this installment of IBJ's Who's Who series, meet key members of the city’s banking and finance sector. They include bankers, fund managers, venture capitalists, lawyers, financial planners and others who influence the movement and availability of money in the local economy.
Group’s demolition plan draws ire of preservationists
A proposal by Keep Indianapolis Beautiful to bulldoze four century-old homes near Fountain Square has sparked a battle between the neighborhood beautification group and some of its typical allies: historic preservationists.
$7.5M Fletcher Arts project gets back on track
Developer and architect Craig Von Deylen is finalizing plans for a mixed-use project just west of the intersection of Virginia Avenue and East McCarty Street.
IMOCA settles in at Murphy Arts, calls off move
The Indianapolis Museum of Contemporary Art, which faltered in the summer of 2009, is on stable footing at its year-old location in Fountain Square—so much so that it won’t move closer to downtown, as it had planned.
Leasing/leasing contracts
-Stanley Black & Decker Inc. leased 219,968 square feet of industrial space at 501 W. New Road, Greenfield, where it will consolidate plants that operate in Shelbyville and Connecticut. The tenant was represented by Tom Cooler of CB Richard Ellis Indianapolis and Mike McLaughlin of CB Richard Ellis Chicago. The landlord, Cabot II-IN1B02 LLC, was represented by Mark Writt of CB Richard Ellis.
-Citi Trends Inc. leased 13,310 square feet at Twin Aire Plaza, 674 Twin Aire Drive. The tenant was represented by Larry Davis and Tom English of Sitehawk Retail Real Estate. The landlord, MER-CAR Corp., represented itself.
-Family Christian Stores leased 5,000 square feet at Southtown Centre, South Scatterfield Road, Anderson. The tenant was represented by Scott Gray of Sitehawk Retail Real Estate. The landlord, Charles Street Associates LLC, was represented by Paul Nicholson of Central Management.
-Shoe Trend leased 4,420 square feet at Eagledale Plaza, 2802 N. Lafayette Road. The landlord, Sandor Development Co., was represented by Sandor’s Jamison Downs and John Holloway. The tenant represented itself.
-Tratek leased 4,000 square feet at 15335 Endeavor Drive, Noblesville. The tenant was represented by David Ponader and Sam Smith of Colliers International. The landlord, Bullock & Co., was represented by John Hanley of CB Richard Ellis.
-Company Wrench Limited LLC leased a 3,600-square-foot industrial building at 7019 Brookville Road. The tenant was represented by Cameron Kucic of Summit Realty Group. The landlord, Coraz Realty Inc., was represented by Bill Brennan of Lee & Associates.
-Wound Vision LLC leased 3,100 square feet of office space in Fletcher Place Lofts, 410 S. College Ave. The tenant was represented by Matt Jackson of Ambrose Property Group. The landlord, Von Deylen Family LLC, was represented by Sandra Jarvis of IndySQUARED.
-Personal Finance Co. leased 2,500 square feet at Hobby Lobby Plaza, 1804 S. Scatterfield Road, Anderson. The landlord, Sandor Development Co., was represented by Sandor’s Jamison Downs and John Holloway. The tenant represented itself.
-Lewis and Wilkins LLP leased 2,033 square feet of office space in Fletcher Place Terrace, 427 S. College Ave. The tenant was represented by Bryan Augustin of NAI Olympia Partners. The landlord, Deylen Realty Inc., was represented by Sandra Jarvis of IndySQUARED.
-Taylor’s Appraisal Service Inc. leased 1,200 square feet of office space in The Vantage Centre, 720 Executive Park Drive, Greenwood. The tenant was represented by Bruce Richardson of Royal Cos. The landlord, Act III Investments, was represented by Cathy Richards of Lee & Associates.