Plans afoot to redevelop Payton Wells properties
A local developer hopes to build a $20 million apartment and retail project on one of several Old Northside lots once used by the defunct car dealership Payton Wells.
A local developer hopes to build a $20 million apartment and retail project on one of several Old Northside lots once used by the defunct car dealership Payton Wells.
A new roundup includes a new Upland brewpub for Carmel, another location for breakfast hotspot Lincoln Square, and a Carolina barbecue joint looking for love in Indianapolis.
A faulty electrical conductor near 116th Street and Allisonville Road left more than 1,600 Duke Energy Corp. customers in Fishers without power overnight. The outage knocked out lights at several intersections and forced a Kroger store to close. The problem was reported about 2:50 a.m. and resolved by 5 a.m.
Old Carolina Barbecue also announces expansion to Indianapolis market.
-QuinnCo LLC bought an 11,655-square-foot office building at 374 Meridian Parke Lane, Greenwood. The buyer was represented by Andrew Follman of NAI Meridian Real Estate Services. The seller, Republic Financial Corp., was represented by Andrew Martin and Bennett Williams of Cassidy Turley.
-The Gene B. Glick Family Housing Foundation bought the 200-unit Hunt Club Apartments at East 56th Street and Interstate 465. The property was listed for $7.95 million. The sale price wasn't disclosed. The buyer and seller, Eli Stefansky dba Hunt Club Apartments LLC, were represented by Tikijian Associates.
-An affiliate of Bickford Senior Living bought 8.88 acres of retail land in Northern Beach Park, 5829 E. 116th St., Carmel. The seller, Mansion Real Estate, was represented by Stan Elser of Lee & Associates. The buyer represented itself.
-Denny’s Excavating bought a 90,123-square-foot building at 1329-1340 W. 29th St. The seller, D-A Lubricant Co. Inc., was represented by Steven Schaub of Summit Realty Group. The buyer represented itself.
-Butler Automotive Group bought 19.1 acres at 4200 East 96th Street. The property was listed for $4.9 million. The sale price wasn't disclosed. The buyer and seller, John P. Tyner Revocable Stewardship Trust, were represented by Michael P. Sloan of The Broadbent Group.
-Drew Investments LLC bought a 6,250-square-foot office building at 7160 Graham Road. The buyer was represented by Tom Frank of Summit Realty. The seller, 7160 Graham Road LLC, was represented by Paul Dick and Kevin Dick of Colliers International.
-Watermark Residential bought 9.15 acres at Exit 5, 116th Street and Cumberland Road, Fishers. The seller, Sunbeam Development Corp., was represented by Mark Perlstein of Sitehawk Retail Real Estate. The buyer represented itself.
-LJI Wealth Management bought a 1,960-square-foot commercial building at 6569 Carrolton Ave. The buyer and seller, DSD Architecture, represented themselves in the transaction.
Chain stores Hobby Lobby and DXL plan new Indianapolis-locations, two yogurt chains are expanding and a popular Cincinnati-area restaurant prepares for its Indy grand-opening.
The Indianapolis-based real estate company disclosed the transactions in its fourth-quarter financial report. Kite said it lost $6.5 million in the quarter on nearly $27 million in revenue.
-Jones Lang LaSalle has been named leasing agent for 909 Whitaker Road, a 381,493-square-foot distribution facility in Plainfield Business Park owned by Industrial Income Trust. JLL's brokers for the property are Jake Sturman and Brian Seitz.
-Balkamp Inc. renewed its lease for 123,840 square feet and leased an additional 61,920 square feet in North Airport Park Building 2, 7750-54 West Morris St. The tenant was represented by Chris Horton of One Source Realty Inc. The landlord, Duke Realty, was represented by Duke's Jay Archer.
-Schenker Logistics Inc. leased 86,400 square feet in Park 100 Building 91, 4919 W. 78th St. The tenant was represented by Mark Writt of CBRE. The landlord, Duke Realty, was represented by Duke's Jay Archer.
-Quest Environmental & Safety renewed its lease for 27,492 square feet in Exit 5 Building 2, 11947-11955 Cumberland Road, Fishers. The tenant was represented by Mike Lubbers of Summit Realty. The landlord, Duke Realty, was represented by Duke's Jay Archer.
-Click Ship Commerce leased 25,850 square feet at Hillsdale Business Park, North Shadeland Avenue and Hillsdale Court. The tenant was represented by Brian Buschuk of Jones Lang LaSalle. The landlord, Hillsdale Property Co. LLC, was represented by Jack Hogan and Kevin Gillihan of Jones Lang LaSalle.
-Raymond James & Associates Inc. leased 6,734 square feet at 9100 Keystone Crossing. The tenant was represented by Eric Steiner of DTZ, a UGL company. The landlord, Philadelphia-based BPG Properties Ltd., was represented by John R. Robinson and Abby Cooper Zito of Jones Lang LaSalle.
-The McGraw Hill Cos. Inc. has leased 5,047 square feet at 8900 Keystone Crossing. The tenant was represented by Nick Arterburn CBRE. The landlord, Philadelphia-based BPG Properties Ltd., was represented by John R. Robinson and Abby Cooper Zito of Jones Lang LaSalle.
-Buffalo Wild Wings leased 5,020 square feet of retail space at 1600 E. Michigan Road, Shelbyville. The landlord, Cassidy Turley acting as court-appointed receiver, was represented by Jacque Haynes of Cassidy Turley. The tenant represented itself.
-TITLE Boxing Club leased 4,881 square feet at Fishers Station, 7400 E. Fishers Station Drive, Fishers. The tenant was represented by Chris Ray of Catalyst Commercial Group. The landlord, Fishers Station Development Co., was represented by Andrew Hasbrook of Kite Realty Group.
-Mutual of Omaha Insurance Co. leased 4,388 square feet at 9100 Keystone Crossing. The tenant was represented by R. J. Rudolph of Colliers International. The landlord, Philadelphia-based BPG Properties Ltd., was represented by John R. Robinson and Abby Cooper Zito of Jones Lang LaSalle.
-American Mattress leased 4,200 square feet at Rangeline Crossing,116th Street and Rangeline Road, Carmel. The tenant was represented by Jeff Haas of Julius M. Feinblum Real Estate. The landlord, KRG Centre LLC, was represented by Blake Beaver of Kite Realty Group.
-Jessogne Restaurant Ventures, dba Little Caesars, leased 2,400 square feet of retail space at Irvington Plaza, 6200 E. Washington St. The tenant was represented by Ron Mannon of Lee & Associates. The landlord, Irvington Plaza Associates LLC, was represented by Patrick Boyle of Midland Atlantic.
-LifeWatch Pharmacy leased 2,213 square feet at 4444 Decatur Blvd. The tenant was represented by Bryan Augustin of Alliance Commercial Group. The landlord, MPC Ventures LLC, was represented by Ryan Kelly and Brian Dell of Summit Realty Group.
-Jacobs Parts Inc. leased 1,662 square feet at Willow Lake East, 2632 Lake Center Drive. The landlord, Regency Centers, was represented by Keith Fried of Sitehawk Retail Real Estate. The tenant represented itself.
-Runners Forum leased 1,600 square feet at Avon Station, 8100 E. U.S. 36, Avon. The landlord, Avon Station Inc., was represented by Michael Cranfill of Sitehawk Retail Real Estate. The tenant represented itself.
-GoPath Global LLC leased 1,419 square feet at 8888 Keystone Crossing. The landlord, Philadelphia-based BPG Properties Ltd., was represented by John R. Robinson and Abby Cooper Zito of Jones Lang LaSalle. The tenant represented itself.
-BlumLux leased 400 square feet in the Canal Building at Rockdale, 6334 Westfield Blvd. The landlord, Rockdale LLC, was represented by Jack Hogan of Jones Lang LaSalle. The tenant represented itself.
The Indianapolis Motor Speedway will need far more money than it will get from a proposed state tax subsidy if it hopes to be in the top tier of U.S. racing venues, sports business experts said.
-Celadon Realty LLC bought 7.5 acres of land at 3255 N. Post Road. The buyer was represented by Brian Zurawski of Summit Realty Group. The seller, Duncan Supply Co. Inc., was represented by Ross Reller of Colliers International.
-TCC Real Estate Holdings LLC bought two commercial buildings totaling 38,000 square feet and 3.6 acres of land at 1002 and 1022 E. 52nd St. The buyer was represented by Brooke Augustin Sipe of Alliance Commercial Group. The seller, 52nd Street Realty LLC, represented itself.
-Marathon Petroleum Co. bought a 1.25-acre outlot at Geist Landing of Fishers, 116th Street and Olio Road, Fishers. The buyer was represented by Bob Byrne of Edge Commercial Real Estate. The seller, Thompson Thrift Development, was represented by Ashlee Boyd of Thompson Thrift.
-Victory House bought a 10,000-square-foot former post office on 1.07 acres at 2025 E. Southport Road. The buyer and seller, Rosalind Spodik, were represented by Keith Turnbill of RE/MAX Select.
The $4.3 million expansion will go toward purchasing and refurbishing a building near Interstate 69 and 116th Street that formerly housed the St. Vincent Health medical center.
The Indiana Department of Transportation plans a 6 p.m. public meeting Monday at the Fishers Train Station to outline this year’s Interstate 69 construction schedule. The meeting will cover ongoing work around Exit 205 (116th Street) and the State Road 37 interchange. After a delay in completing the northbound side of the interchange, the contractor plans to complete the work as soon as March 15. The same contractor will then move on to the southbound lanes. A separate contractor will add new lanes to I-69 between 116th Street and I-465.
One man was killed and three others injured in a shooting Tuesday about 8 p.m. at Wellington Apartments on the east side of Indianapolis. The dead man was identified as Michael Baker, 25, a resident of the apartments near East 16th Street and Interstate 465.
Two other men were taken to Wishard Hospital, with one in critical condition and the other in serious condition. The fourth man was treated and released at the scene. Police are looking for a dark vehicle with two males seen leaving the scene.
Carmel is finally ready to redevelop the former Party Time Rental site on Range Line Road, a property in which the city has invested $4 million.
Several national retail brands are expanding in central Indiana: Starbucks in Fishers, Big Lots in Franklin, Five Below in Plainfield and Harbor Freight Tools in Indianapolis.
Locally based Reverie Estates has purchased the 53-unit Butler Apartments along Washington Street in Irvington and plans an extensive renovation.
High-end grocery chain Whole Foods Market Inc. wants to triple the number of stores it operates, but the company has bagged plans for a location on 116th Street in Fishers.
Carmel police are seeking two suspects in an armed robbery of the Forum Credit Union in Carmel on Monday. The men, wearing masks, entered the credit union at 2259 E. 116th St., about 9:30 a.m. and escaped with an undisclosed amount of cash. They fled in a yellow Chevrolet Cobalt that was found abandoned near 116th Street and Keystone Avenue.
The city of Indianapolis is poised to pay Citizens Energy Group $6.5 million to buy a key parcel of real estate it’s targeting as the centerpiece of its ambitious 16 Tech project.