Closing: Flower Factory, Frankey’s, McVan’s
Several notable departures including Flower Factory and Frankey’s lead off the latest retail real estate roundup.
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JOSEPH: Is working for yourself or for others riskier?
In business ownership, individual performance is the key indicator of success.
Developer tries ‘pocket’ neighborhood in Carmel
A veteran local homebuilder is tearing up the suburban residential playbook with a new project in Carmel that offers tightly spaced bungalows clustered around grassy courtyards.
STYLE: A behind-the-seams guide to Indianapolis tailors
Any sharp-dressed man will tell you a good tailor is worth his or her weight in gold—and often just as tough to find. What follows is a treasure map to guide you to some of the city’s best tailors.
Leases/leasing contracts
-Chispas leased 19,260 square feet at Lafayette Shoppes, West 38th Street and Lafayette Road. The tenant was represented by Frank Swiss of The Swiss Group. The landlord, The Broadbent Co., represented itself.
-Affordable Furniture leased 6,895 square feet of retail space at Greenwood Shoppes, U.S. 31 and Fry Road, Greenwood. The tenant was represented by Tracey Holtzman of Midland Atlantic. The landlord, The Broadbent Co., represented itself.
-Webster Veterinary Supply leased 5,400 square feet of industrial space at 2462 S. West St. The tenant was represented by Jim Teskey of Cresa Partners. The landlord, Carter Truck Lines Inc., was represented by Bill Brennan of Lee & Associates.
-Nature’s Pharm leased 4,348 square feet of retail space at Castleton Place, 5836-5896 E. 82nd St. The landlord, The Broadbent Co., was represented by John Beuoy of Broadbent. The tenant represented itself.
-Ideal Image leased 3,200 square feet of retail space at Fashion Mall Commons, 8487 Union Chapel Road. The tenant was represented by Chris Wiley and Rob Warstler of Colliers International. The landlord, The Broadbent Co., was represented by John Beuoy of Broadbent.
-Protection One Alarm Monitoring leased 3,032 square feet of office space at 65 Airport Parkway, Suite 120. The tenant was represented by Jim Shook and Jon Hardy of Coldwell Banker Commercial Realty Services. The landlord, TDH Investments, was represented by Darrell Pike of Precedent Realty.
-Amicus Financial leased 2,711 square feet of office space at 8440 Woodfield Crossing Blvd. Cassidy Turley, acting as court-appointed receiver, was represented by Darrin Boyd and Dave Moore of Cassidy Turley. The tenant represented itself.
-Transformations Pilates Studio leased 2,228 square feet at Clearwater Crossing, 3800-3900 E. 82nd St. The tenant was represented by Brad King of Colliers International. The landlord, The Broadbent Co., was represented by John Beuoy of Broadbent.
-Ambassador Strategies leased 2,207 square feet of office space at 8606 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.
-Star Leasing leased 1,933 square feet at 11590 N. Meridian St., Carmel. The landlord, Fidelity Office Building II, L.P., was represented by Mike Napariu of REI Real Estate Services LLC. The tenant represented itself.
-Technology Interiors leased 1,600 square feet of retail space at Fall Creek Harbour, 10130 Brooks School Road, Fishers. The tenant and landlord, FCH Associates Inc., were represented by Cindy Hoskinson and Herb Feldmann of Lee & Associates.
-Foxy’s Hair Studio leased 1,546 square feet of retail space at Plainfield Village, 160 Plainfield Village Drive, Plainfield. The landlord, The Broadbent Co., was represented by Jeff Roberts of Broadbent. The tenant represented itself.
-The French Seam leased 1,400 square feet of retail space at Clearwater Shoppes, 3800-3900 E. 82nd St. The tenant was represented by George Crawford of Meridian Real Estate. The landlord, The Broadbent Co., was represented by John Beuoy of Broadbent.
-Kucic & Associates Realty leased 1,225 square feet of retail space in Fall Creek Harbour, 10142 Brooks School Road, Fishers. The tenant was represented by Jeff Kucic of Kucic & Associates Realty. The landlord, FCH Associates Inc., was represented by Cindy Hoskinson and Herb Feldmann of Lee & Associates.
Prospects bright for Borders replacements
Brokers expect strong demand from other retailers, in part because the failed bookstore chain carefully chose its real estate, opting for locations near concentrations of affluent and educated consumers.
MARCUS: Consumer Price Index proposal costs little, saves a lot
For all of our philosophical pondering combined with our statistical cleverness, we cannot figure out what is “living” nor determine its “cost.”
Former Nordstrom space could find Super Bowl use
The massive space in Circle Centre mall vacated by high-end retailer Nordstrom could be used to host corporate events surrounding the big game.
KETZENBERGER: There’s nothing divine about a balanced budget
The governor, legislative fiscal leaders and their fiscal staffs deserve a lot of credit, but their effort to put Indiana on sound fiscal footing is not miraculous. They did it the old-fashioned way—with a lot of hard work, tough decisions and a little luck.
SHELLA: Rename clunky IUPUI for Doc Bowen
You could come up with a clumsier name for a college than Indiana University-Purdue University at Indianapolis, but it would be tough.
Finish Line brass buoyant as key retail season arrives
The company clearly is on a nice run, with seven straight quarters of increasing same-store sales and increasing earnings per share.
HICKS: Cuts will come in wake of federal budget deal
It is clear that the agreement to raise the United States’ debt ceiling demands cuts to military budgets, to entitlements and to the vast cornucopia of discretionary spending.
Firm makes splash retrieving golf balls
Mark Schmitt, president of Rawhide Golf Ball Co., runs a business that recovers dimpled pills from golf course water hazards, buffs them up, and resells them. (With photo gallery)
Probe: Investment adviser Hauke masked huge loss
Fishers investment manager Keenan Hauke suffered massive losses in his hedge fund seven years ago. Then, rather than fess up, he generated fake account statements for clients that showed money they didn’t really have and returns they hadn’t earned, state investigators allege.
Officer arrested on alcohol charge
An Indianapolis police officer was arrested Thursday for operating a vehicle while intoxicated. Witnesses say Kyle Fleck’s police car struck another parked car at the Keystone Crossing Fashion Mall about 7:30 p.m. A test showed he had a blood alcohol content of .07 percent about three hours after the accident, just below the legal limit of .08 percent. Fleck has been with the department since February 2010 and was not on duty at the time of the accident.
Developer rolls out $40M plan for Keystone site
A local developer has acquired the northwest corner of 86th Street and Keystone Avenue and is working on plans for a $40 million apartment and retail project.
A&E SEASON PREVIEW: Critically selected highlights
From Earth Wind and Fire to Ernest Shackleton and from Mike Birbiglia to Martin Sheen, this promises to be a season to remember.
Construction
-Duke Realty has been hired to complete a 14,017-square-foot expansion of Delco Foods’ corporate headquarters and distribution facility at 4850 W. 78th St. in Park 100.
-DB Klain Construction has completed a 1,400-square-foot retail build out for Amy’s PJs in Clearwater Village, 3961 E. 82nd St.
-Capitol Construction Services has completed an 808-square-foot build-out for The Art of Shaving in the Fashion Mall, 8702 Keystone Crossing.
Simon plan spells out Nordstrom strategy
As many as four large restaurants could open in the first floor of the former Nordstrom at Circle Centre mall under a plan floated by mall manager Simon Property Group Inc.
Parking already at a premium at Rivers Edge shopping center
The 617 parking spaces at the newly renovated Rivers Edge shopping center meet the minimum commercial-zoning allotment—but just barely.