Revitalization plan brings new homes to Crown Hill area
Near North Development Corp. is serving as master developer of the project, which is using $488,000 in U.S. Department of Housing and Urban Development grants.
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Articles
Mass Ave merchants’ pop-up shop reopening in Carmel
Mass Ave retailers are making a return trip to Carmel’s Main Street, and they could stay longer this time.
Leases/leasing contracts
-Buchanan Group Services LLC leased 80,000 square feet of industrial space at 2525 N. Shadeland Ave. The tenant was represented by John Snell of Snell Real Estate Evaluation Co. Inc. The landlord, 2525 Shadeland LLC, was represented by Todd Vannatta and Michael Weishaar of Cassidy Turley.
-DSG Indiana LLC leased 75,578 square feet of industrial space at 909 Whitaker Road, Plainfield. The tenant was represented by Luke Wessel of Cassidy Turley. The landlord, Industrial Income Trust, was represented by Brian Seitz of JLL.
-Pilkington North American leased 10,027 square feet of industrial space at 612 Blanchard St., Shelbyville. The tenant was represented by Jason Speckman of Cushman & Wakefield/Summit. The landlord, 222 Group LLC, was represented by Todd Vannatta of Cassidy Turley.
-Pet Supplies Plus leased 7,011 square feet of retail space in Indian Creek Commons Shopping Center, 10625 Pendleton Pike, Suite A-1. The tenant was represented by Mark Perlstein of Sitehawk Retail Real Estate and John Liprando of Sullivan Hayes. The landlord, Viking Partners Indian Creek LLC, was represented by Jamison Downs, Seth Biggerstaff and Kyle Hughes of Veritas Realty.
-Hoosier Connection Limousine Inc. leased 4,318 square feet of industrial space at 5545 W. Raymond St. The tenant was represented by Ryan Carroll of Carson Realty. The landlord, Iron Point Titan Asset Management LLC, was represented by Bryan Poynter of Cassidy Turley.-Center Grove Dentistry PC leased 2,800 square feet at 1405 W. County Line Road, Greenwood. The tenant was represented by Matt Jackson of Jackson IG LLC. The landlord, First Financial Collateral Inc., was represented by Steve Beals and Richard King of Lee & Associates.
-World Finance leased 2,580 square feet of retail space in Walnut Hills Plaza Shopping Center, 2008 Stafford Road, Plainfield. The tenant was represented by Seth Biggerstaff of Veritas Realty. The landlord, Walnut Bliss LLC, was represented by Todd Camesasca of Kosene & Kosene.
-Flynndogg Enterprises LLC, dba Hot Box Pizza, leased 2,400 square feet at 14300 Mundy Drive, Suite 700, Noblesville. The tenant was represented by Jason S. Challand of Echelon Realty Advisors. The landlord, Prairie Lakes II LLC, was represented by Liz Yoho of Providence Development.
-The Voice Clinic LLC leased 2,115 square feet at 1185 W. Carmel Drive, Carmel. The tenant was represented by Matt Jackson of Jackson IG LLC. The landlord, Old Meridian Investments LLC, represented itself.
-A Breathe of Heaven leased 1,360 square feet of retail space in Indian Creek Commons Shopping Center, 10625 Pendleton Pike, Suite A-9. the landlord, Viking Partners Indian Creek LLC, was represented by Jamison Downs, Seth Biggerstaff and Kyle Hughes of Veritas Realty. The tenant represented itself.
-Sherman Wireless leased 800 square feet of retail space in Brightwood Plaza Shopping Center, 2435 N. Sherman Drive. The landlord, Brightwood Plaza Investors LLC, was represented by Kyle Hughes, Paul Rogozinski and Seth Biggerstaff of Veritas Realty. The tenant represented itself.
-Roman & Leo leased 550 square feet of retail space at 8664 E. 116th St., Fishers. The tenant was represented by Seth Biggerstaff of Veritas Realty. The landlord, Fishers Depot LLC, was represented by Hamada Ibrahim of R.P. Lux Commercial Real Estate Services.
Company news
Major Hospital is seeking public input on its plans to build a $100 million hospital on the northern edge of Shelbyville, according to The Shelbyville News. The plans, which Major executives have been mulling since 2003, call for a 240,000-square-foot facility that would connect to Major’s Benesse Oncology Center in the Intelliplex business park. Major has also opened orthopedic, cardiology and OBGYN centers in the park. Major’s inpatient hospital in the center of Shelbyville has 72 beds, but the vast majority of the care Major provides is on an outpatient basis. Major has already begun to solicit bids from construction firms and bond rating agencies. CEO Jack Horner said the Major Hopsital board could make a decision on building a new hospital by October.
St. Vincent Heart Center wants to build a helipad about a half-mile from the specialty hospital. Currently, helicopter ambulances transporting cardiovascular patients must land at a borrowed facility a couple of miles north, on the opposite side of heavily traveled U.S. 31—adding as much as 20 minutes to the trip. Carmel’s Board of Zoning Appeals denied a similar request back in 2008, saying the proposed location was too close to nearby neighborhoods. But the newly proposed location at 10202 N. Meridian St. is less residential. The now-vacant land was once the home of Pilgrim Lutheran Church, which moved to 106th Street in 2012 to make way for the U.S. 31/I-465 interchange improvements now under construction. The zoning board is scheduled to consider the request at its Aug. 25 meeting.
Warsaw-based Symmetry Medical Inc. plans to sell off the orthopedics components subsidiary that generates nearly 80 percent of its revenue, according to Greater Fort Wayne Business Weekly. Massachusetts-based Tecomet, which is part of Genstar Capital, has agreed to pay $450 million for the OEM Solutions subsidiary. As part of the sale, Symmetry Medical will transfer ownership of its surgical instrument business, Symmetry Surgical, to the company’s shareholders and turn Symmetry Surgical into a newly traded public company. Shareholders would get one share of the new company for every four shares of Symmetry Medical stock. OEM Solutions generated nearly $81 million in revenue in the second quarter. Symmetry Surgical, meanwhile, saw $20.4 million in second-quarter revenue, down 8.7 percent from a year earlier.
WellPoint Inc.’s California subsidiary has partnered with the not-for-profit health plan Blue Shield of California to pay $80 million to launch a medical data sharing portal, according to the Associated Press. The California Integrated Data Exchange, known as Cal INDEX, is designed to share patients’ medical claims records electronically among doctors and hospitals, even for emergency room patients. Mark Morgan, president of WellPoint’s Anthem Blue Cross plan in California, said the health plans will mimic successful models such as the New York e-Health Collaborative and Indiana Health Information Exchange. The health plans’ information from patients' billing claims could supplement treatment records in the 30 health information exchanges health care providers have already created in California.
People
Katelyn Becht, a nurse practitioner, has joined St. Vincent Medical Group in Carmel. Becht received a bachelor’s degree from Purdue University and a master’s degree in nursing administration from Indiana Wesleyan University in Marion.
Dr. Andrew Miller has joined Eskenazi Health Midtown Community Mental Health as a child and adolescent psychiatrist. He earned his medical degree from the Indiana University School of Medicine. He received a bachelor's degree in biology from IU-Bloomington.
Dr. Peter Hogg, an orthopedic surgeon, has joined Franciscan Physician Network Orthopedic Specialists. He earned his medical degree from the Indiana University School of Medicine and a bachelor’s degree in biochemistry from DePauw University.
Andrea Pfeifle, a physical therapist, has been named the first assistant dean and director of the Indiana University Center for Interprofessional Health Education and Practice. The center was created to prepare future health care providers to deliver team-based care. Pfeifle comes to IU from the University of Kentucky, where she held a similar position. She earned a doctorate in education from the University of Kentucky.
St. Vincent Heart Center seeks to build helipad in Carmel
St. Vincent Heart Center is seeking city permission to build a helipad on church-owned property south of 103rd Street in Carmel, about a half-mile from the specialty hospital.
Family peanut-butter venture sees sales take off
B. Happy Peanut Butter is a hit at the summer market—and then some. Available at more than a dozen retail outlets in central Indiana, its seven varieties of hand-packed PB could produce sales of $100,000 this year.
Building spree reshaping Broad Ripple Village
A rush of new office, residential and retail projects suggest real estate developers in Broad Ripple Village remain optimistic in the midst of high-profile incidents of crime.
ITT Educational scrutiny spreads to college’s lenders
For-profit college ITT Educational Services Inc., already under pressure from the U.S. Education Department, is facing stricter terms from lenders that could put its operations at risk.
Baldwin & Lyons’ profit surges on big investment gains
Of the insurer’s $9.3 million in profit in the second quarter, only $4.1 million was attributed to its core operations.
Memories, recipes all that remain of Indy bakery chain
There were 34 Roselyn stores in Marion and the surrounding counties before the business was closed 15 years ago following revelations of insect and rodent infestation at its production bakery.
KAR Auction Services makes $30M acquisition
Carmel-based KAR Auction Services Inc., which released a solid quarterly earnings report Tuesday, acquired a 50-percent stake in Toronto-based Nth Gen Software Inc., which makes the TradeRev automotive remarketing system.
ChaCha CEO Jones launches app school in Carmel
Some of the events will take place at Scott Jones’ estate at 1150 W. 116th St. The unique setting prompted the founders to name the school Eleven Fifty.
ITT cash crunch has analysts raising spectre of bankruptcy
Carmel-based ITT Educational Services no longer has a margin of error, as it tries to dig out from a scuttled real estate deal, tightened rules from lenders and the feds, and its CEO’s pending resignation.
Leases/leasing contracts
-Byrd Enterprises Inc. leased 37,378 square feet at Carmel Market Place, 502 E. Carmel Drive, Carmel. The tenant was represented by Bruce Richardson of Dieterl/Richardson. The landlord, Buckingham Fountains LLC, was represented by Gary Perel of Newmark Knight Frank Halakar and Tiffany Oliver of Buckingham Cos.
-HHGregg leased 25,078 square feet of retail space in Washington Place Shopping Center, 10255 E. Washington St. The tenant was represented by Jack Esselman of J.F. Esselman Commercial. The landlord, PEBB Indianapolis LLC, was represented by Jamison Downs, Seth Biggerstaff and Paul Rogozinski of Veritas Realty.
-AIMCO leased 14,342 square feet at 4670 Haven Point Blvd. The tenant was represented by Brian Askins of Cushman & Wakefield/Summit. The landlord, Performance Services Inc., was represented by Ron Foster of Reliant Partners.
-Harvest Church leased 8,640 square feet at 6107 Airport Blvd. The tenant was represented by Brian Askins of Cushman & Wakefield/Summit. The landlord, The Peterson Co. LLC, was represented by Matt Langfeldt and Rich Forslund of Cushman & Wakefield/Summit.-Corizon LLC leased 6,724 square feet of office space at 9245 N. Meridian St. The tenant was represented by Brook Sipe of Alliance Real Estate. The landlord, Echo Associates LLC, was represented by Ashley Bussell and Ralph Balber of Newmark Knight Frank Halakar.
-Madame Royale Nail Salon & Spa leased 2,800 square feet of retail space in Pine Creek Shoppes, 8790 E. 96th St., Fishers. The landlord, Pine Creek on 96th Street LLC, was represented by Seth Biggerstaff and Kyle Hughes of Veritas Realty. The tenant represented itself.
-Gutwein Law leased 2,504 square feet of office space at Station Place, 200 S. Meridian St. The tenant was represented by Ashley Bussell and Ralph Balber of Newmark Knight Frank Halakar. The landlord, Station Place, was represented by Zane Brown of CBRE.
-Louie’s Wine Dive Indianapolis LLC leased 2,500 square feet of retail space in the Massala Building, 345 Massachusettes Ave. The tenant was represented by Allison Hawley of Niessink Commercial Real estate Inc. The landlord, Massala Properties Inc., was represented by Ralph Balber and Ashley Bussell of Newmark Knight Frank Halakar.
-Jimmy Johns leased 1,760 square feet of retail space in Shelbyville Crossing, 2400 Marketplace Blvd, Suite C, Shelbyville. The tenant was represented by Drew Warner of Eclipse Realty. The landlord, Shelbyville Retail LLC, was represented by Jamison Downs and Kyle Hughes of Veritas Realty.
-A Nail Salon leased 1,608 square feet at Lebanon Crossing, 1370 S. Lebanon St., Lebanon. The landlord, Lebanon 39 LLC, was represented by Keith Fried of Sitehawk Retail Real Estate. The tenant represented itself.
-Infinity Chiropractor leased 1,600 square feet of retail space in Pine Creek Shoppes, 8966 E. 96th St., Fishers. The tenant was represented by Seth Biggerstaff of Veritas Realty. The landlord, Pine Creek Shoppes on 96th Street LLC, was represented by Paul Rogozinski of Veritas Realty.
-Raw Juice leased 1,200 square feet at Clearwater Springs Shopping Center, 5025 E 82nd St. The landlord, PK Clearwater Springs LLC, was represented by Keith Fried of Sitehawk Retail Real Estate. The tenant represented itself.
ITT Educational CEO signals resignation amid stock freefall, federal scrutiny
Carmel-based ITT Educational Services Inc. announced late Monday afternoon that CEO Kevin Modany planned to resign within six months. The struggling for-profit education firm has drawn scrutiny from government officials for its marketing and lending practices.
ITT Educational shares reeling after deal falls through
The real estate deal would have brought as much as $119.1 million for the struggling, Carmel-based education firm.
Clay Township sewer-overflow project halted
The Clay Township Regional Waste District on Wednesday withdrew its offer to buy part of a church’s land and build a million-gallon sewage-overflow tank near 106th Street and Keystone Parkway.
Developer pitches plans for former Carmel golf course
Plans for the former Sunrise Golf Club property along the Monon Greenway in Carmel are coming into focus as the developer asks the city to approve a rezoning request.
Grand Park helps Hamilton County hotels run up score
Hotel business is booming in Hamilton County, with mid-year occupancy up 9 percent from the first half of 2013. Open since March, Westfield’s massive Grand Park Sports Campus has thrown its weight behind the surge.