nFrame plans multi-million-dollar expansion of data center
Carmel-based nFrame plans a multimillion-dollar expansion of its high-tech data center near Pennsylvania and 116th Streets, the company disclosed Wednesday.
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Construction
-Capitol Construction has completed a 4,500-square-foot office build-out for Batesville Interactive at 9265 Counselors Row.
-Capitol Construction has completed a 4,500-square-foot office build-out for Centerfield Capitol at 10 W Market St.
-Halakar Construction has completed 4,979-square-foot office build-out for eImagine at Waterplace Park, 8925-9011 N. Meridian St.
-Halakar Construction has completed a 1,486-square-foot office build-out for United Way at Fidelity Keystone Tower, 650 E. Carmel Drive, Carmel.-Halakar Construction has completed a 2,261-square-foot office build-out for Lawson Elser at Fidelity Keystone Tower, 650 E. Carmel Drive, Carmel.
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.
Sales/acquisitions
11711 N. College LLC bought a 74,395-square-foot office building at 11711 N. College Ave., Carmel. The price wasn’t disclosed. The seller, CFS at North College Receivership Estate, was represented by Kim Hartman, Tom Osborne and R.J. Rudolph of Colliers International. The buyer represented itself.
CBHS Inc. bought a 13,396-square-foot building at 5368 Professional Circle. The price wasn’t disclosed. The seller, UFCW Local 700, was represented by Matt Jackson of Ambrose Property Group. The buyer represented itself.
SPECIAL REPORT: Stock-based pay builds wealth for Indiana execs
IBJ's annual review of proxy statements for Indiana public companies found senior executives' median compensation rose 14 percent in 2011. But that analysis uses the fair market value of stock and options awards on the date they were granted. If a company's stock price surges, executives can make out far better. (with searchable database)
Ritter’s owners hope burgers will help fuel turnaround
Hoping to capitalize on the enduring appeal of Ritter’s Frozen Custard, the chain’s New York owners are launching another attempt to right-size the franchises with a new Indianapolis store, a revamped marketing plan, and burgers and fries.
ChaCha joins list of elite startups
Red Herring magazine’s annual list of top tech startups previously included the likes of Facebook, Google and Yahoo.
BROOKS: Delaying action on rising debt imperils America’s future
Delaying action on rising debt imperils America’s future
Buckingham reviving Gramercy project with smaller plans
Buckingham Cos. has revived plans to redevelop the massive Mohawk Hills apartment complex in Carmel, but the latest version of its Gramercy project takes a huge step back from the original dense, urban-revival-style plan the developer proposed six years ago.
Greenwood eyes more office parks for I-65 corridor
Greenwood Mayor Mark Myers wants to see more offices, corporate headquarters and medical facilities along Interstate 65. He's been meeting with business owners and developers in the area to discuss ways they can team up to pursue that goal.
Local businessmen chronicling high school sports titles
Ray Compton, Mike Jansen and Bob Lovell are using their love of sports to produce and sell DVDs capturing high school sports seasons.
Leases/leasing contracts
-Echo Engineering & Production leased 29,200 square feet of industrial space at 5406-5456 W. 78th St. The tenant was represented by Fritz Kauffman of Cassidy Turley. The landlord, Kensington Realty Advisors, was represented by Jay Archer of Duke Realty Corp.
-Brickhouse, a Zumba/workout facility, leased 15,000 square feet at 4407 Lafayette Road. The tenant was represented by Jacque Haynes of Cassidy Turley. The owners, Woodrow J. and Betty Lane, were represented by Wayne O’Hara of Sitehawk Retail Real Estate.
-Domestic Linen Supply Co. Inc. leased 8,156 square feet of industrial space at 8802 Bash St. The tenant was represented by J.D. Graves of CB Richard Ellis. The landlord, Westminster Northeast LLC, was represented by Todd Vannatta and Bryan Miller of Cassidy Turley.
-Indiana Oral and Maxillofacial Surgery Associates leased 6,002 square feet of office space at 8140 Knue Road. The landlord, NorthStar Realty Finance Corp., was represented by Dave Moore and Darrin Boyd of Cassidy Turley. The tenant represented itself.
-Northeast Oral and Maxillofacial Surgery renewed its lease for 5,100 square feet at 9860 Westpoint Drive. The tenant was represented by Mike Napariu of REI Real Estate Services LLC. The landlord, Crosspoint Partners LLC, represented itself.
-Greater Indianapolis Literacy League leased 2,620 square feet at 911 Massachusetts Ave. The tenant was represented by Cam Kucic and Jeff Merritt of Summit Realty Group. The landlord, Fennmass LLC, was represented by Katie Sobotowski of Summit Realty Group.
-Accelerated Health Systems leased 2,500 square feet at Brandywine Plaza, 1563 N. State St., Greenfield. The tenant was represented by Jonathan Sharp of HSA Commercial Real Estate. The landlord, SR 9 Development LP, was represented by Larry Davis and John Baker of Sitehawk Retail Real Estate.
-Indy ProCare Physical Therapy leased 2,000 square feet of medical office space at Greenbrooke II, 747 E County Line Road, Suite A, Greenwood. The tenant was represented by Milton McGinty of The Facilities Group. The landlord, GWA Wheatcraft LLC, was represented by John Cunningham of Allen Commercial Group, an affiliate of GWA Wheatcraft.
-Hot Mama, a women’s fashion boutique, leased 1,882 square feet at the Fashion Mall, 8702 Keystone Crossing. The tenant was represented by Steve Delaney of Sitehawk Retail Real Estate. The landlord, SDG Fashion Mall Limited Partnership, was represented by John Steen of Simon Property Group.
-Guardsmark renewed its lease for 1,750 square feet of office space in Auburn Woods Park, 9640 Commerce Drive No. 421, Carmel. The landlord was represented by Sandor Development. The tenant represented itself.
-Deeper Life Bible Church leased 1,200 square feet of retail space at 6999 North Michigan Road, Unit B. The landlord was represented by Drew Kelly of Sandor Development. The tenant represented itself.
-Lavish Nail Design leased 662 square feet of retail space at Esquire Plaza, 8213 Pendleton Pike. The landlord was represented by Jeff Roberts of Sandor Development. The tenant represented itself.
Developer Kite to remake key corner in Carmel
Kite Realty Group Trust is planning a Rivers Edge-like overhaul of two shopping centers it owns at 116th Street and Rangeline Road in Carmel. The Indianapolis-based real estate firm already has landed new tenants, including a natural and organic grocery store and a handful of restaurants.
Make new police chief a regional pick
It’s time for Indianapolis to reach across geographical boundaries to ask for input, help and support as it works to transform Indianapolis Metropolitan Police Department so it can work on restoring public confidence and ultimately safer streets.
Pizzology adding restaurant in former home of Cafe Nora
Neal Brown's wildly popular gourmet pizza concept Pizzology is adding a second location to its original restaurant in Carmel.
School bus rams Carmel house
A school bus careened through a backyard and crashed into the side of a Carmel home about 6:30 a.m. Wednesday. No students were aboard the bus when it crashed. Officials say the driver was alert and taken to a hospital for evaluation. Four family members were home at the time, but weren’t injured. The impact tore bricks and gutters off the side of the house in Tarkington Commons, near 131st Street and Gray Road. A cause for the crash wasn't immediately known.