High overhead does in Carmel Shapiro’s
The company called closing the restaurant at 918 S. Range Line Road a “strategic decision” that will allow it to focus on its flagship downtown eatery.
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Renowned planner shares vision for Carmel’s Midtown
Urban planner extraordinaire Jeff Speck presented his vision for Carmel’s Midtown area at a packed Carmel Chamber of Commerce luncheon this week, generating buzz for a proposal that has divided the City Council.
ITT Educational branches into charter schools
The for-profit educator won approval last month to start a charter school for 11th- and 12th-graders inside one of its ITT Technical Institutes in Indianapolis.
LOU’S VIEWS: Going for seconds at Carmel gallery walk
Carmel’s Arts & Design district has grown to represent nine galleries. It’s Second Saturday walk has grown into a popular social event.
Leases/leasing contracts
-National Government Services leased 45,021 square feet of office space across two locations, 6335-45 Castleway Court and 8034 Castleway Court. The tenant was represented by Allen Trowbridge of Cresa. The landlord, NorthStar Realty Finance Corp., was represented by Dave Moore and Darrin Boyd of Cassidy Turley.
-Valley Tire Co. leased 21,116 square feet of industrial space at 4401 Stout Field, South Drive. The tenant was represented by Sean McHale of Colliers International. The landlord, Stout Field LLC, in care of The Crawford Troup, represented itself.
-Frank & Kraft leased 6,019 square feet of office space at 135 N. Pennsylvania St. The tenant was represented by Steve Beals and Rich King of Lee & Associates. The landlord, True North Management Group, was represented by Jon Owens and Russell Van Til of Cassidy Turley.
-Leaders Moving leased 5,200 square feet of industrial space at 9900 Westpoint Drive. The tenant was represented by Dustin Looper of Colliers International. The landlord, LIT Industrial LP, was represented by Bryan Poynter and Fritz Kaufman of Cassidy Turley.
-7E Fit Spa of Zionsville Inc. leased 3,507 square feet at 4545 Northwestern Drive, Zionsville. The tenant was represented by Scott Baldwin of Baldwin Cos. The landlord, Leah and Ruben LLC, was represented by Ashley Bussell of Newmark Knight Frank Halakar.
-Marian Financial Partners Inc. leased 3,250 square feet of office space in Oldefield Commons, 698 Oldefield Commons Drive, Greenwood. The tenant was represented by Cathy Richards of Lee & Associates. The landlord, B&W Holdings LLC, was represented by Keith Turnbill of ReMax Select.
-Transitions Dental leased 3,154 square feet at Lebanon Crossing, 1375 S. Lebanon St., Lebanon. The landlord, Lebanon 39 LLC, was represented by Keith Fried of Sitehawk Retail Real Estate. The tenant represented itself.
-Monumental Life Insurance Co. leased 2,390 square feet of office space at 3500 Depauw Blvd. The tenant was represented by Allen Schwender of SA Commercial. The landlord, Sterling American Property Inc., was represented by Dave Moore, Darrin Boyd and Bennett Williams of Cassidy Turley.
-MyNetWire LLC leased 2,288 square feet at Crosspoint Corner 8, 9757 Westpoint Drive. The tenant was represented by Scott Baldwin of Baldwin Cos. The landlord, Shamrock Builders, was represented by Darrin Boyd of Cassidy Turley.
-Traffic Signal Co. leased 2,122 square feet of space at 7202 E. 87th St. The tenant was represented by Patrick Lindley of Cassidy Turley. The landlord, Westminster Funds, was represented by Todd Vannatta of Cassidy Turley.
-7E Fit Spa of Fishers-Noblesville leased 2,000 square feet at 16095 Prosperity Drive, Noblesville. The tenant and landlord, Yeager Properties Inc., were represented by Scott Baldwin of Baldwin Cos.
-All Sports Couture leased 2,000 square feet of industrial space at 9760 Mayflower Park Drive, Carmel. The tenant was represented by Jeff Merritt of Colliers International. The landlord, GlennCo Realty, was represented by Dustin Looper of Colliers International.
-Jimmy John’s Gourmet Sandwiches leased 1,800 square feet of retail space in Georgetown Shoppes, 5620 Georgetown Road. The tenant was represented by Drew Warner of Eclipse Real Estate. The landlord, LOR Corp., was represented by Brett Burch and Jeff Daniel of Valenti Real Estate Services Inc.
-Imburgia Orthodontics LLC leased 1,600 square feet of office space in Stafford Crossing Shopping Center, 2230 Stafford Road, Suite 157, Plainfield. The tenant was represented by Bill Scott of DTZ, a UGL company. The landlord, LOR Corp., was represented by Brett Burch of Valenti Real Estate Services Inc.
-Holland & Holland LLC leased 1,225 square feet of office space at Lake Pointe IV, 8520 Allison Pointe Blvd. The tenant was represented by Kevin Dick and Paul Dick of Colliers International. The landlord, Sun Life Assurance Co. of Canada, was represented by Stephen Adams and Riley Faulk of Hokanson Cos. Inc.
-Obsession Nail Salon leased 1,200 square feet of retail space in Shoppes of Brownsburg, 56th Street and Northfield Drive, Brownsburg. The landlord, Shoppes of Brownsburg, was represented by Brett Burch of Valenti Real Estate Services Inc. The tenant represented itself.
-Anthony Paganelli leased 1,043 square feet of office space at 10401 N. Meridian St. The landlord, Cassidy Turley acting as court-appointed receiver, was represented by Darrin Boyd and Dave Moore of Cassidy Turley. The tenant represented itself.Governments helped fuel nursing-facility developer’s rise
Carmel-based Mainstreet Property Group has built 13 nursing homes in Indiana and Illinois since 2008. Six of the dozen Indiana properties benefited from municipal-backed credit or tax breaks, and a seventh received a reduced-impact fee. Mainstreet also received $345,000 in state economic incentives.
INDOT to close U.S. 31 ramp to Keystone
The Indiana Department of Transportation and its contractors will close a heavily trafficked exit ramp this weekend in Hamilton County. The southbound ramp connecting U.S. 31 to Keystone Parkway in Carmel will close at 9 p.m. Friday and reopen by 6 a.m. Monday. INDOT said sections of concrete pavement did not meet its quality standards and they need to be replaced. The contractor, Walsh Construction, is receiving $35 million for its work on the U.S. 31 transformation in Hamilton County.
A&E priorities for June 20-26
Stuck for something to do this weekend? Start with one of Indy’s most popular festivals and consider a concert among the critters.
Neal Brown out, Late Harvest chef in at Nora development
Ryan Nelson, chef/owner of Late Harvest Kitchen, plans to open a barbecue restaurant at PK Partners’ Nora Shops West project after Neal Brown of Pizzology backed out of his deal.
Second-home sales rebounding with broader market
Buyers coming into the market range from retirees to wealthy executives and even modest earners.
High-profile Carmel property draws just one bid
Would-be buyers of the former Party Time Rental site in Carmel were asked to pitch plans for a three-story (or taller) mixed-use building featuring first-floor retail and plenty of parking.
Ferrari broker to be honored
John Delamater, now in his 80s, is said to have sold or brokered the sale of hundreds of Ferraris over the years from his home in Carmel.
EDITORIAL: Carmel quarrel: Too many incentives?
With its Arts & Design District, City Center and Center for the Performing Arts, Carmel has shed its suburban skin and morphed into a walkable, attractive city in its own right. But in the process, it has acquired some city-sized habits, including a penchant for handing out financial incentives to developers to get them to build exactly the kind of city Carmel leaders envision.
BidPal, on a roll, doubles space
The world of philanthropy, where shoestring budgets dominate, is nonetheless proving lucrative for BidPal Inc., a 108-employee company led by tech veteran Scott Webber. The company saw revenue rocket from $1.8 million in 2010 to $10.2 million last year, making it the city’s second-fastest-growing private company, according to IBJ’s annual list.
Leases/leasing contracts
-OHL renewed its lease for 379,332 square feet at 1101 Whitaker Road, Plainfield. The tenant was represented by Andrew Morris, Jeremy Woods and Andrea Hopper of Summit Realty Group and Steve Schwegman of Jones Lang LaSalle. The landlord, Transpacific Development Co., represented itself.
-SKH (Shaughnessy Kniep Hawe) Paper leased 42,500 square feet of industrial space at 2363-2383 Perry Road, Plainfield. The tenant was represented by Sean McHale of Colliers International. The landlord, Clarion Partners, was represented by Fritz Kauffman and Bryan Poynter of Cassidy Turley.
-National Hail and Dent Removal LLC leased 18,375 square feet of industrial space at 551 Earlywood Drive, Franklin. Both the tenant and landlord, Wertz Realty LLC, were represented by Don Treibic of Cassidy Turley.
-Sensory Technologies leased 17,492 square feet of industrial space at 6911-7061 Corporate Circle. The tenant was represented by Jake Sturman of Jones Lang LaSalle. The landlord, GI Partners, was represented by Bryan Poynter and Russell Van Til of Cassidy Turley.
-Cork Medical LLC leased 8,805 square feet of office space at 6406 Castleway Court. The tenant was represented by Matt Waggoner of Summit Realty Group. The landlord, NorthStar Realty Finance Corp., was represented by Dave Moore and Darrin Boyd of Cassidy Turley.
-Furniture Expressions leased 8,040 square feet of retail space in College Park Plaza-Ventures, 3443-8421 W 86th St. The landlord, Sandor Development, was represented by Drew Kelly of Sandor. The tenant represented itself.
-Leaders Moving leased 5,200 square feet of industrial space at 9900 Westpoint Drive. The tenant was represented by Dustin Looper of Colliers International. The landlord, Andrew Lowe, was represented by Fritz Kauffman and Bryan Poynter of Cassidy Turley.-Finders Keepers leased 3,482 square feet of retail space in East 40 Plaza, 8506 E Washington St. The landlord, Sandor Development, was represented by Jeff Roberts of Sandor. The tenant represented itself.
-BSN Sports renewed its lease fo 3,200 square feet of industrial space at 7215 E. 21st St. The tenant was represented by Patrick Lindley of Cassidy Turley. The landlord, Justus Companies, represented itself.
-D&F Assoc. Ltd., doing business as Miracle Method of Indianapolis West, leased 2,400 square feet of industrial space at 2445 Directors Row. The tenant was represented by Bryan Poynter of Cassidy Turley. The landlord, American National Insurance Co., was represented by Donald Wahle of Harshman Property Services LLC.
-World Finance leased 1,481 square feet at Western Plaza, 195 Sheridan Road, Carmel. The tenant was represented by Seth Biggerstaff of Veritas Realty. The landlord, Thompson Thrift, was represented by Ryan Menard of Thompson Thrift.
-Allstate Insurance leased 1,400 square feet of retail space in Old Town Shoppes, 1264 W. 86th St. The landlord, Sandor Development, was represented by Drew Kelly of Sandor. The tenant represented itself.
-Wings & Seafood leased 1,237 square feet of retail space in Esquire Plaza, 8237 Pendleton Pike. The landlord, Sandor Development, was represented by Jeff Roberts of Sandor. The tenant represented itself.
Friday fun: Balloon rides over Carmel
Marching bands, fried Snickers and balloon rides are on tap for the 25th annual CarmelFest, a July tradition that draws an estimated 50,000 celebrants downtown.
State, Indy area added jobs in May; unemployment rates fall
The jobless rate in the Indianapolis metropolitan area improved in May to 7.4 percent from 7.6 percent a year ago.
Danny Boy Beer Works brewing plans for Carmel
The owners of Brockway Public House in Carmel are working on plans to open a craft brewery and taproom in the Village of WestClay.