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IBJ Real Estate Power Breakfast transcript
Indianapolis Business Journal gathered leaders in the state's commercial real estate and construction industry for a Power Breakfast panel discussion Sept. 13. The following is an unedited transcript of the discussion.
Leases/leasing contracts
-Eversman Enterprise I LLC leased a 25,000-square-foot, free-standing entertainment facility at 175 Southern Plaza Drive. The tenant was represented by Brett Burch of Valenti Real Estate Services Inc. The landlord, Byrum-Marr Partnership, represented itself.
-High Point Global LLC. leased 6,213 square feet of office space at 300 N. Meridian St. The tenant was represented by Jim Teskey of CRESA Partners. The landlord, University Park Associates, was represented by Mike Napariu of REI Real Estate Services.
-Image Dental PC leased 3,656 square feet at 11711 N. Pennsylvania St., Carmel. The tenant was represented by Matt Jackson of Jackson IG. The landlord, North Pennsylvania Associates LP, was represented by Mike Napariu of REI Real Estate Services.
-Fidelis Asset Management leased 3,351 square feet of office space at 8200 Haverstick Road. The tenant was represented by Mike Napariu of REI Real Estate Services. The landlord, Citimark Management Co. Inc., was represented by Brian Fitzgerald of Citimark.
-Stutler Family Dental leased an additional 3,341 square feet at 1460 N. Green St., Brownsburg. The tenant was represented by Matt Jackson of Jackson IG. The landlord, Brownsburg Commons LLC, was represented by Rich Block of Paragon Realty LLC.
-Presidio Corp. leased 3,132 square feet of office space at 11595 N. Meridian St., Carmel. The tenant was represented by Mary Catherine Williams of DTZ. The landlord, True North Management Group, was represented by Jon Owens and Russ Van Til of Cassidy Turley.
-Northeast Pediatric Dentistry LLC leased 2,990 square feet at 11501 Cumberland Road, Fishers. The tenant was represented by Matt Jackson of Jackson IG. The landlord, Cumberland Road III Office Center LLC, represented itself.
-Foot Reflexology leased 2,500 square feet in West Carmel Shoppes, 4335 W. 106th St., Carmel. The tenant was represented by Jun Liu of Carpenter Realty. The landlord, Lawndale Partners LLC, was represented by Paul Rogozinski of Veritas Realty.-Zhi Hiang leased 1,600 square feet in Geist Crossing II, 9745 Fall Creek Road. The tenant was represented by Ben Li of Mid America Realty Co. The landlord, Glendale Partners of Geist Crossing II LLC, was represented by Paul Rogozinski and Kyle Hughes of Veritas Realty.
-Plainfield Dental LLC leased 1,600 square feet at 824 Edwards Drive, Plainfield. The tenant was represented by Matt Jackson of Jackson IG. The landlord, National Bank of Indianapolis, was represented by Stephen Daum of Summit Realty Group.
-Zounds Hearing leased 1,200 square feet in Fishers Crossing Shopping Center, 11852 Allisonville Road, Fishers. The landlord, Glendale Partners of Fishers Crossing Inc., was represented by Paul Rogozinski and Kyle Hughes of Veritas Realty. The tenant represented itself.
-Star Benefit Associates Inc. leased 1,016 square feet of office space at 6525 E. 82nd St. The landlord, NorthStar Realty Finance Corp., was represented by Dave Moore and Darrin Boyd of Cassidy Turley. The tenant represented itself.
-Greenleaf Apothecary leased 840 square feet of retail space at 10154 Brooks School Road, Fishers. The tenant was represented by Nathan Smith of Colliers International. The landlord, FCH Associates LLC, was represented by Cindy Hoskinson of Lee & Associates.
Wynkoop is top-selling local real estate agent
Scott Wynkoop placed first for a second year in a row in IBJ’s annual list of All-Star Agents. Wynkoop sold $56.9 million worth of homes in 2011 and 2012, up from the $45.7 million he sold in 2010 and 2011.
Speedway sells $3 million in new Indy 500 sponsorships
By creating new sponsorship categories and filling vacated ones, the Indianapolis Motor Speedway has brought on 23 new sponsors this month. Teams, too, are bringing on new corporate partners.
Leases/leasing contracts
-Click Ship Commerce leased 25,850 square feet at Hillsdale Business Park, 7700 N. Shadeland Ave. 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.
-DialAmerica Marketing Inc. leased 24,012 square feet at 4030 Vincennes Road. The tenant was represented by Kevin Gillihan and Denice Michel of Jones Lang LaSalle. The landlord, Coastal Partners LLC, was represented by Tom Hadley and Matt Waggoner of Summit Realty Group.
-KBD Inc., dba Kitchens by Design, extended its lease and expanded to a total of 7,146 square feet of retail space in Nora Corners, 1530 E. 86th St. The tenant was represented by Brett Burch of Valenti Real Estate Services Inc. The landlord, DLC Management Corp., represented itself.
-Mackenzie River Pizza leased 5,500 square feet at The Corner, 11600 Westfield Blvd., Carmel. The tenant was represented by Andrew Clifford of 7D Commercial Real Estate. The landlord, Corner Associates LP., was represented by Blake Beaver of Kite Realty Group.
-AECOM leased 4,947 square feet at 4030 Vincennes Road. The tenant was represented by Tim Craft of CBRE. The landlord, Coastal Partners LLC, was represented by Tom Hadley and Matt Waggoner of Summit Realty Group.
-Garrison Law Firm LLC leased 4,268 square feet at Castle Creek III, 8720 Castle Creek Parkway. The tenant was represented by Paul Dick of Colliers International. The landlord, Castle Creek Parkway LLC, was represented by Matt Langfeldt and Rich Forslund of Summit Realty Group.
-Pittsley Investment Group leased 4,029 square feet of office space at 9100 Keystone Crossing. The tenant was represented by Jonathan Hardy and James Shook of Coldwell Banker Commercial Realty Services. The landlord, Philadelphia-based BPG Properties Ltd., was represented by John R. Robinson and Abby Cooper Zito of Jones Lang LaSalle.
-Laboratory Corp. of America leased 2,966 square feet at Shadeland Medical Building, 7914 N. Shadeland Ave. The landlord, Medical Shadeland Office LLC, was represented by Scott Levinson of Urbahns Property Group. The tenant represented itself.
-Accelerated Health Systems LLC leased 2,875 square feet at Cumberland Pointe Marketplace, 15887 N. Cumberland Road, Noblesville. The tenant was represented by Jonathan Sharp of Sharp Commercial Corp. The landlord, Cumberland Pointe Retail Commons LLC, was represented by Scott Levinson of Urbahns Property Group
-Little Caesar’s leased 2,400 square feet at Irvington Plaza, 6200 E. Washington St. The tenant was represented by Ron Mannon of Lee & Associates. The landlord, Irvington Plaza Associates, was represented by Patrick Boyle of Midland Atlantic.
-The Architecture Studio Inc. leased 1,883 square feet at Castle Creek V, 5750 Castle Creek Parkway. The tenant was represented by Dave Black Of Cresa Partners. The landlord, Castle Creek Parkway LLC, was represented by Matt Langfeldt and Rich Forslund of Summit Realty Group.
-WGP Enterprises Inc., dba Jimmy Stix Pizzeria, leased 1,810 square feet of retail space at Boardwalk Shoppes, 720 Adams St., Carmel. The tenant was represented by Stacie Yeager of Encore Sotheby’s. The landlord, KLC Realty LLC, was represented by Greg Smith of Colliers International.
-Elements Therapeutic Massage leased 1,610 square feet at Clearwater Shoppes, 3965 E. 82nd St. The tenant was represented by Jeff Hubley of Midland Atlantic Properties. The landlord, Broadbent Co., was represented by John Beuoy of Broadbent.
-Kumon Learning Center leased 1,600 square feet at Hunter’s Run, 162-180 E. Carmel Drive, Carmel. The landlord, The Fineberg Group, was represented by Patrick Boyle of Midland Atlantic Properties and Brian Fineberg of Fineberg Property Services. The tenant represented itself.
-Pandemonium leased 1,234 square feet at Madison on the Mall, 1211 N. Madison Ave., Greenwood. The tenant was represented by Brenda Richards of Carpenter Realtors. The landlord, Murnel Property LLC, was represented by Tracey Holtzman of Midland Atlantic Properties.
-Lakeshore Marketing leased 1,070 square feet at Allison Run III, 5511 E. 82nd St. The tenant was represented by Molly Miller of Newmark Knight Frank Halakar. The landlord, Urbahns Cos. Inc., was represented by Scott Levinson of Urbahns Property Group.
-Apex Infinite Solutions LLP leased 669 square feet at 120 E. Market St., Suite 607. The tenant and landlord, Felling Investment LLC, represented themselves in the transaction.
Leases/leasing contracts
-Medline Industries leased 180,000 square feet of industrial space at 650 S. Perry Road, Plainfield. The tenant was represented by Brian Zurawski of Summit Realty Group. The landlord, Westminster Funds, was represented by Luke Wessel of Cassidy Turley.
-Bishop Steering Technology leased 41,810 square feet of industrial space at 8804 Bash St. The tenant was represented by Steve Beals of Lee & Associates. The landlord, Westminster Northeast, was represented by Todd Vannatta and Bryan Miller of Cassidy Turley.
-Indiana University Health Occupational Services leased 9,300 square feet of industrial space at 5603 W. Raymond St. The tenant was represented by Jeff Harris of NAI Meridian Real Estate Services. The landlord, Forester Properties Inc., was represented by Bryan Poynter of Cassidy Turley.
-Project Lead the Way Inc. leased an additional 5,640 square feet at The Precedent—Building 75, 3939 Priority Way, South Drive. The tenant was represented by Tom Frank of Summit realty Group. The landlord, PP Indianapolis VII Project Corp., was represented by Rick Trimpe and Tim Hull of CBRE.
-March of Dimes Foundation leased 5,261 square feet at Metrocentre Business Park, 75th Street and Binford Blvd. The tenant was represented by Mary Beth Kohart of CBRE. The landlord, Metro Center Office Park LLC, was represented by Nick Svarczkopf and J.D. Graves of CBRE.
-TITLE Boxing Club leased 5,498 square feet at Glendale Town Center, 6101 N. Keystone Ave. The tenant was represented by Chris Ray of Catalyst Commercial Group. The landlord, Glendale Centre LLC, was represented by Andrew Hasbrook of Kite Realty Group.
-El Agave leased 3,280 square feet of retail space at Indy Pavilions, 7035 E. 96th St., Unit P. The landlord, Sandor Development, was represented by Drew Kelly of Sandor. The tenant represented itself.
-World Finance leased 2,027 square feet of retail space at College Park, 3325 W. 86th St. The landlord, Sandor Development, was represented by Drew Kelly of Sandor. The tenant represented itself.
-Koko Fit Club leased 1,781 square feet at Geist Pavilion, 11501 Geist Pavilion Drive, Fishers. The tenant was represented by Beth Patterson of Colliers International. The landlord, 116th & Olio LLC, was represented by Blake Beaver of Kite Realty Group.
-Elite Styles leased 1,640 square feet of retail space at Indy Pavilions, 7035 E. 96th St., Unit Q. The tenant was represented by Jon Hardy of Coldwell Banker Commercial. The landlord, Sandor Development, was represented by Drew Kelly of Sandor.
-Menchie’s Frozen Yogurt leased 1,615 square feet of retail space in Stony Creek Marketplace, 17015 Mercantile Blvd., Noblesville. The tenant was represented by Bart Jackson and Scot Courtney of Lee & Associates. The landlord, Inland Southeast Stony Creek LLC, was represented by Larry Davis of Sitehawk Retail Real Estate.
-World Finance leased 1,440 square feet of retail space at Norgate Plaza, 7235 N. Keystone Ave., Unit L. The landlord, Sandor Development, was represented by Jeff Roberts of Sandor. The tenant represented itself.
-Family Empowerment Support Services leased 1,400 square feet of retail space at Washington Market, 10423 E. Washington St. The landlord, Sandor Development, was represented by Jeff Roberts of Sandor. The tenant represented itself.
-Precision Point Inc. leased 1,222 square feet of office space at Carmel Office Court, 301 E. Carmel Drive, Carmel. The tenant was represented by Tom Hadley of Summit Realty. The landlord, Carmel-301 LLC, was represented by Paul Dick and Kevin Dick of Colliers International.
-Forest Park Injury & Recovery Center Inc. leased 1,150 square feet of office space in Library Park, 1701 Library Blvd., Greenwood. The tenant was represented by Brenda Richards of Carpenter Realtors. The landlord, Ennis Co. Inc., was represented by Cathy Richards of Lee & Associates.
People in the news
People listings are free. Information must be submitted at least 11 days before the Monday issue in which it is to appear. Publication of information might be delayed due to space limitations. To submit information and photos online go to www.ibj.com and use the People submissions form. Photos may be sent as jpegs, 300 dpi […]
Wynkoop snags first place in solo agent category
Scott Wynkoop took first place in the solo category of IBJ’s annual list of All-Star Agents for the second straight year.
Leases/leasing contracts
-Carrier Corp. renewed its lease for 436,343 square feet of distribution space at 710 South Girls School Road. The tenant was represented by Randy Rome of Cushman & Wakefield, and Andrew Morris, Jeremy Woods and Andrea Hopper of Summit Realty Group. The landlord, Transpacific Development Co., represented itself.
-Venture Logistics leased 299,000 square feet at 7901 W. 21st St. The tenant was represented by John Demaree of Summit Realty Group. The landlord, First Industrial, represented itself.
-O'Baby Enterprises Inc., dba Ace Hardware, leased 10,266 square feet at Noblesville Square Shopping Center, Westview Road and River Avenue, Noblesville. The tenant was represented by Nicholas Wright of Newbridge Commercial Real Estate Inc. The landlord, Riverview Hospital, was represented by Tom Kenley of Ayer’s Realty.
-SearchSoft Solutions Inc. leased 4,958 square feet of office space at 47 S. Meridian St. The tenant was represented by Mike Semler of Cassidy Turley. The landlord, Bodner Opera House LLC, was represented by Alex Cantu of Summit Realty Group.
-Anacore Inc. leased 3,655 square feet of office space at 11711 N. College Ave., Carmel. The tenant was represented by Kim Hartman, Tom Osborne, and R.J. Rudolph of Colliers International. The landlord, CFS at North College Receivership Estate, was represented by David Ciechanowicz and Jim Logan of Colliers International.
-Tulip Foot Spa leased 2,750 square feet at Yates Center, 1930 E. Stop 13 Road. The tenant was represented by Jun Liu of Carpenter Realty. The landlord, Yates Real Estate LLC, was represented by Keith Fried of Sitehawk Retail Real Estate.
-Tri-State Coatings leased 2,600 square feet of flex space at Hague Business Center, 7745 E. 89th St. The tenant was represented by Mike Napariu of REI Real Estate Services LLC. The landlord, HBC Co., was represented by John Corey of Levi Investment Realty.-Xiik LLC leased 2,240 square feet of office space at 107 S. Pennsylvania St. The tenant was represented by Andrew Martin and Bennett Williams of Cassidy Turley. The landlord, CIB Building Facilities Corp., was represented by Mike Semler of Cassidy Turley.
-Drs. Smith, Herman, Cebulko, Russell, Cofresi and Stone leased 2,181 square feet of office space at 3077 E. 98th St. The tenant was represented by Ralph Balber of Newmark Knight Frank Halakar. The landlord, Brookfield Real Estate Opportunity Group, was represented by Dave Moore and Darrin Boyd of Cassidy Turley.
-Laser & Light Surgery Center Inc. renewed its lease for 1,714 square feet at Indiana American Office Park, Building 2, 533 E. County Line Road, Greenwood. The landlord, I – A Building 2 LLC, was represented by Jeff Merritt and Tim Norton of Summit Realty Group. The tenant represented itself.
-Farmer Lumpe + McClelland leased 1,515 square feet of office space at 3091 E. 98th St. The tenant was represented by Spud Dick of Cassidy Turley. The landlord, Brookfield Real Estate Opportunity Group, was represented by Dave Moore and Darrin Boyd of Cassidy Turley.
-Uzelac & Associates Inc. leased 1,500 square feet at Chapel Hill Professional Complex, 650-652 N. Girls School Road. The landlord, JMMS LLC, was represented by Jeff Merritt of Summit Realty Group. The tenant represented itself.
-Indiana Spray Foam LLC leased 1,260 square feet at 9815 Mayflower Park Drive, Carmel. The landlord, ICS II LLC, was represented by Jeff Merritt of Summit Realty Group. The tenant represented itself.
Foundation finds buyer for 16th Street buildings after 6-year search
Two brothers purchased the pair of connected buildings at the northwest corner of 16th and Alabama streets and will use the property for a 50-seat café and the offices for Nottingham Realty Group.
Downtown businesses make adjustments for Super Bowl weekend
Downtown businesses that are not in tourist-dependent industries are girding for Super Bowl weekend, hoping their spot in the big game’s storm shadow brings only a light dusting of logistical, scheduling and personnel hassles.
Leases/leasing contracts
-Fillpoint LLC leased 51,200 square feet at Park 100, 5845 W. 82nd St. The tenant was represented by Tom Cooler of CBRE. The landlord, Prologis, represented itself.
-King Systems Storage leased 12,900 square feet in Northparke One in Saxony, 14425 Bergen Blvd., Noblesville. The tenant was represented by Andrew Morris of Summit Realty Group. The landlord, First Industrial Realty Trust Inc., represented itself.
-Security Equipment Supply renewed its lease of 4,800 square feet of office space in Park Castlewood, 8455 Castlewood Drive. The tenant and landlord, KHK Investments LLC, were represented by Spero Pulos of Lee & Associates.-Graphicon renewed its lease of 4,039 square feet of office space in Park Castlewood, 8459 Castlewood Drive. The tenant and landlord, KHK Investments LLC, were represented by Spero Pulos of Lee & Associates.
-Integrity Flight Academy leased 4,000 square feet of industrial flex space at 5301 Commerce Circle. The tenant was represented by Robert J. Lane of Carpenter Commercial Associates. The landlord, Midwest Systems, was represented by Brenda Richards of Carpenter Commercial Associates.
-Periculum Capital Co. leased 3,769 square feet in the James Building, Four Center Green, Carmel. The tenant was represented by Douglas E. Jones, an independent broker. The landlord, Carmel City Center Community Development Corp., was represented by Mike Napariu of REI Real Estate Services LLC.
-DPS leased 3,564 square feet in the James Building, Four Center Green, Carmel. The tenant was represented by Darrell Pike of Pike Real Estate Services. The landlord, Carmel City Center Community Development Corp., was represented by Mike Napariu of REI Real Estate Services LLC.
-Academy Mortgage leased 3,100 square feet at 1624 W. Smith Valley Road, Suite B, Greenwood. The tenant and landlord, Tom Ray Builder Inc., were represented by Brenda Richards and Robert J. Lane of Carpenter Commercial Associates.
-Vortek Surgical leased 2,250 square feet of office space in Park Castlewood 8455 Castlewood Drive. The tenant was represented by Keith Dedrick of Corporate Commercial Group. The landlord, KHK Investments LLC, was represented by Spero Pulos of Lee & Associates.
-Icon Equity Partners LLC leased 1,719 square feet at 11590 N. Meridian St., Carmel. The landlord, Fidelity Office Building II LP, was represented by Mike Napariu of REI Real Estate Services LLC. The tenant represented itself.-7th Sky Hair and Nail Salon leased 1,600 square feet of retail space at Uptown Center, 9520 Uptown Drive. The landlord, KLC Realty LLC, was represented by Greg Smith and Joe Tarpey of Colliers International. The tenant represented itself.
-Ocularis leased 1,600 square feet of retail space in Winthrop Commons, 5345 N. Winthrop Ave. The landlord, Crum Realty, was represented by Ron Mannon and Scott Herider of Lee & Associates. The tenant represented itself.
-Noble Roman’s leased 1,260 square feet of retail space at Zionsville Station, 78 Brendon Way, Zionsville. The owner, KLC Realty LLC, was represented by Greg Smith and Joe Tarpey of Colliers International. The tenant represented itself.
-Edward Jones leased 1,200 square feet of retail space in Lebanon Crossing,1377 S. Lebanon St., Lebanon. The tenant was represented by David Ellis of Fenway Group. The landlord, Lebanon 39 LLC, was represented by Robyn Smart of Lee & Associates.
Ward, Kucic take top All-Star Agent spots
For the third year in a row, Bif Ward has taken the top spot on IBJ’s annual list of All-Star Agents.