Indianapolis building owners, managers pressed to protect birds
The Audubon Society has documented hundreds of birds killed downtown in the past two years as birds are attracted to the city lights and then fly into windows.
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Around town self-serve frozen yogurt roundup
The frozen yogurt craze has officially arrived in Indianapolis.
Leases/leasing contracts
-Carolina Logistics Services Inc. leased 135,682 square feet at 11947 Cumberland Road, Fishers. The tenant was represented by John Hanley and Terry Busch of CB Richard Ellis. The landlord, Sunbeam Development Corp., represented itself.
-Cadillac Ranch leased 15,000 square feet at the former Music Mill, 3720 E 82nd St. The tenant was represented by Michael Cranfill and Larry Davis of Sitehawk Retail Real Estate. The landlord, White River Investments LP, was represented by Joe Kenny of Broadbent Co.
-Kuntzman Trucking Inc leased 12,355 square feet at Sierra Gateway Park Building I, 853 S. Columbia Road, Plainfield. The tenant was represented by John Hanley of CB Richard Ellis. The landlord, Indy 40 Building I LLC, represented itself.
-King Systems Corp. subleased 10,000 square feet at 9200 E. 146th St., Noblesville. The tenant was represented by Andrew B. Morris of Summit Realty Group. The landlord, Pen Products, was represented by Brad King of Colliers International.
-Department of Veteran Affairs leased 9,630 square feet at 8888 Keystone Crossing. The tenant was represented by Thomas Cortese of Acorn Group. The landlord, Philadelphia-based BPG Properties Ltd., was represented by John R. Robinson and Abby L. Cooper of Jones Lang LaSalle.
-Smart Travel leased 6,046 square feet at 9000 Keystone Crossing. The tenant was represented by John Crisp of Cassidy Turley. The landlord, Philadelphia-based BPG Properties Ltd., was represented by John R. Robinson and Abby L. Cooper of Jones Lang LaSalle.
-Stonegate Mortgage Corp. leased 5,772 square feet at South Park III, 1499 Windhorst Way, Greenwood. The tenant was represented by Nick Svarczkopf of CB Richard Ellis. The landlord, South Park Group LLC, was represented by Brian Dell of Summit Realty Group.
-Madmol Inc. leased 5,246 square feet at Metrocentre Business Park, 6330 E. 75th St. The tenant was represented by Rick Trimpe of CB Richard Ellis. The landlord, Metro Center Office Park LLC, was represented by Nick Svarczkopf of CB Richard Ellis.
-Connections Inc. leased 4,578 square feet at 7333 E. 21st St. The tenant and landlord, East 21st Street LLC, were represented by Matt Jackson of Ambrose Property Group.
-Happy’s Pizza leased 2,650 square feet at 3820 N. College Ave. The tenant was represented by Craig Ramsay of Sitehawk Retail Real Estate. The landlord, DM Property Management Inc., was represented by John Byrne of Cassidy Turley.
-Tetherball LLC leased 2,049 square feet at Three Meridian Plaza, 10333 N. Meridian St., Carmel. The tenant was represented by Tim Hull of CB Richard Ellis. The landlord, ARI-Meridian Plaza LLC, was represented by Nick Svarczkopf of CB Richard Ellis.
-Richard Herd leased 1,500 square feet in Sycamore Springs Office Park, 4725 Statesman Drive, Suite F. The tenant was represented by Bill Scott of Equis. The landlord, MSE Realty LLC, was represented by Ashley Bussell and Ralph Balber of Newmark Knight Frank Halakar.
-Smoke N Save LLC leased 1,431 square feet at Greenbrook Shoppes, 8305 U.S. 31. The landlord, Williams Realty Nine LLC, was represented by Tom English and John Baker of Sitehawk Retail Real Estate. The tenant represented itself.
-Regis leased 1,400 square feet of space in Water Place Park, 8935 N. Meridian St. The tenant was represented by Patrick McCaffery of Cresa Partners. The landlord, Equicor Development Inc., was represented by Ashley Bussell and Ralph Balber of Newmark Knight Frank Halakar.
-Subway Sandwich Shops renewed its lease for 1,250 square feet at Harbourtown Center at Morse Lake, Noblesville. The tenant and landlord, Harbourtown Center LLC, were represented by Bill Ernst of Charter Commercial Realty Group.
-Shelter Mutual Insurance leased 500 square feet of office space at 720 Fry Road, Greenwood. The tenant and landlord, L-Five Properties LLC, were represented by Cathy Richards and Mike Kensill of Lee & Associates.
Who’s Who in Health Care and Benefits
Every business sector has influential players, whether they are in the public eye or wield their influence behind the scenes. This month, IBJ zeroes in on Health Care and Benefits.
Indiana Supreme Court to hear state back-pay dispute
The class-action lawsuit argued that some state employees were required to work 40 hours a week while others were paid the same for working 37.5 hours.
Music retailer moving call center to Indianapolis
The Woodwind & Brasswind, a South Bend-based retailer of musical instruments, is moving call-center operations to Indianapolis. The center will employ 100 people.
Leases/leasing contracts
-Baker & Taylor Inc. renewed its lease for 504,164 square feet at Park 100 Building 140, 5045 W. 79th St. The landlord, Pinchal and Co., was represented by Jay Archer of Duke Realty. The tenant represented itself.
-JIT Services LLC leased 44,800 square feet at Park 100 Building 58, 5136 W. 82nd Street. The landlord, Duke Realty, was represented by Jay Archer and Kate Willen of Duke. The tenant represented itself.
-Community Action of Greater Indianapolis leased 18,140 square feet of office space at Meridian Professional Building, 3266 N. Meridian St. The tenant was represented by Mary Beth Kohart of Cassidy Turley. The landlord, PBB III LLC, was represented by Brad King and Ron Bell of Colliers International.
-Blue River Village leased 14,200 square feet at Bel-Aire Shopping Center, 2543 SR 44, Shelbyville. The landlord, Mer-Car Corp., was represented by Paul Rogozinski of Veritas Realty. The tenant represented itself.-Maxim Healthcare Services Inc. leased 5,828 square feet of office space at 6505 East 82nd St. The landlord, NRFC Castleton Park Holdings LLC, was represented by Dave Moore and Darrin Boyd of Cassidy Turley. The tenant represented itself.
-Forge Industrial Staffing leased 4,683 square feet at Chapel Hill Shopping Center, 7437 W. 10th St. The landlord, Glendale Partners of Chapel Hill, was represented by Paul Rogozinski of Veritas Realty. The tenant represented itself.
-Fusion Alliance leased 4,147 square feet for an expansion at Woodland Corporate Park I, 7602 Woodland Drive. The landlord, Duke Realty, was represented by Traci Kapsalis of Duke. The tenant represented itself.
-Advantage Sales & Marketing LLC leased 2,877 square feet of office space at 6505 East 82nd St. The landlord, NRFC Castleton Park Holdings LLC, was represented by Dave Moore and Darrin Boyd of Cassidy Turley. The tenant represented itself.-Greenwood Family Dentistry leased 2,859 square feet of office space in Meridian Meadows, 3001 Meridian Meadows Drive, Greenwood. The tenant was represented by Mike Kensill of Lee & Associates. The landlord, Cassidy Turley Midwest Inc., was represented by Allison Tiefel of Cassidy Turley.
-Community Hospital renewed its lease for 2,649 square feet of office space in Murphy’s Landing Professional Building, 6925 S. Harding St. The tenant was represented by Rob Lukemeyer of Baseline. The landlord, The Copeland Family 1995 Trust, was represented by Cathy Richards of Lee & Associates.
-Kids Peace leased 2,561 square feet of office space at Meridian Professional Building, 3266 N. Meridian St. The tenant was represented by Matthew Waggoner of Summit Realty Group. The landlord, PBB III LLC, was represented by Brad King and Ron Bell of Colliers International.
-Therber Brock & Associates Inc. leased 1,855 square feet of office space at 8440 Woodfield Crossing. The landlord, Cassidy Turley, acting as court-appointed receiver, was represented by Darrin Boyd and Dave Moore of Cassidy Turley. The tenant represented itself.
-Emani Nails leased 1,600 square feet at Windermere Place, 10606 E. 96th St., Fishers. The landlord, 10600 Property Group LLC, was represented by Paul Rogozinski of Veritas Realty. The tenant represented itself.
-Dr. Kyle Hoeft leased 1,539 square feet at 3985 W. 106th St., Carmel. The tenant was represented by Alex Cantu of Summit Realty Group. The landlord, 3985 Property Group, was represented by Paul Rogozinski of Veritas Realty.
-Potter Family Eye Care leased 1,508 square feet at McCordsville Commons, 5953 W. Broadway, McCordsville. The tenant was represented by Scott Baldwin of Baldwin Cos. The landlord, McCordsville Commons LLC, was represented by Paul Rogozinski of Veritas Realty.
-L. Eckert Co. renewed its lease for 1,500 square feet of industrial space in Greenwood Oaks Business Centre, 500 S. Polk St., Greenwood. The tenant and landlord, Greenwood Oaks Investments LLC, were represented by Cathy Richards of Lee & Associates.
-Coyles Odds and Ends Collectibles leased 1,400 square feet at Bel-Aire Shopping Center, 2513 SR 44, Shelbyville. The landlord, Mer-Car Corp., was represented by Paul Rogozinski of Veritas Realty. The tenant represented itself.
-ServiceMaster @ Your Service renewed its lease for 699 square feet at 5455 W 86th St. The landlord, Polaris Commercial Investments LLC, was represented by Dan Baldini of Polaris Real Estate. The tenant represented itself.
-Huntington National Bank leased 0.70 acres of land at 7878 E. 96th St., Fishers. The tenant was represented by Scot Courtney of Lee & Associates. The landlord, NNE Associates LLC, was represented by Robyn Smart of Lee & Associates.
INSIDE DISH: Pizzeria novices hit their stride, watch sales rise
The duo behind Brozinni Pizzeria in Greenwood didn't know much about dough in the beginning, but they're making a lot of it now.State makes $31M settlement with securities firm
Raymond James has agreed to return $31.2 million to Indiana investors by repurchasing some auction rate securities. The firm also will pay fines totaling $63,000.
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.
Company news
Another physician is leaving Indiana University Health Morgan Hospital in Martinsville to join Franciscan St. Francis Health. Dr. Thomas Lahr told the Reporter-Times of Martinsville he will make the move after Nov. 15. “I have turned in my resignation and unless the court says otherwise, I plan to leave,” he said last week. A court could become involved because earlier this month IU Health sued Lahr’s colleague, Dr. Dianna Boyer, saying she was violating a non-compete clause in her contract by moving over to Franciscan St. Francis. IU Health was denied a preliminary injunction last week seeking to stop Boyer from leaving until the case is settled. Both Boyer and Lahr would work at a new medical office near State Road 37 in Martinsville, which is opening Sept. 1. The 9,000-square-foot facility will house Indiana Heart Physicians, which is a part of the St. Francis Medical Group, as well as primary care physicians and nurse practitioners.
Arcadia Resources Inc. plans to let its stock be delisted from the NYSE Amex Equities Exchange as the company focuses instead on selling its home health care business to raise cash. Arcadia, which had been planning a huge expansion in Indianapolis, is running low on cash in part because the ramp-up of its DailyMed pharmacy service has been slower than expected. DailyMed is a service that packages patients’ medications into packets marked by the time of day or the meal at which they are to be taken. The service has major contracts with Indiana Medicaid and Indianapolis-based WellPoint Inc. DailyMed sales drove up Arcadia’s pharmacy division revenue by 7 percent, to $4.3 million, in the three months ended June 30. Arcadia’s home health care services unit posted $20.4 million in revenue, flat from the same quarter a year ago. Overall, Arcadia lost $3 million in the quarter, or 2 cents per share, compared with a loss of $4.7 million, or 3 cents per share, a year ago. In June, Arcadia announced that its auditor issued a going-concern warning about the company, because it faces a pile of debt that comes due in April 2012. After the delisting later this year, Arcadia’s shares will trade over the counter, which makes them harder to buy and sell.
Warsaw-based Zimmer Holdings Inc. is closing a plant in Statesville, N.C., and eliminating 124 jobs, according to Charlotte Business Journal. Employees will start losing their jobs in mid-October until the plant, which makes tourniquets and slings, closes by the end of the first quarter. A Zimmer spokesman said the company is streamlining its operations and will produce goods made in Statesville at other locations.
Profit and revenue rose at West Lafayette-based Bioanalytical Systems Inc. during its third quarter, as the pharmaceutical research company benefited from outsourcing by large drug companies and was also hired by small biotech firms. The company earned $418,000 in the three months ended June 30, up 45 percent from the same quarter a year earlier. Revenue rose 5 percent to nearly $8.5 million during the quarter. Bioanalytical also raised $5.5 million during the quarter in a public offering of convertible preferred shares. The new preferred shares resulted in special dividend payments of nearly $4.3 million, which are not included in the company’s profit calculation for the quarter.
MORELAND: Congress let us down across the board
We are witnessing antics from neophyte legislators who prefer symbolism over responsible governance.
MAURER: Fallout from ratings keeps going and going …
Most ratings are bunk, but Hoosier business men and women should be enthused over the recognition of Indiana—and particularly Indianapolis—not only for success in the sack but also as a haven for business opportunity.
KIM: MainSource story shows community banks’ volatility
First, by and large, community banks did not participate in the activities that led to the financial crisis.
HETRICK: Symphony’s weather policy is ‘When in doubt, get them out’
I’d want my loved one’s life to take on additional meaning by seeing that the lessons learned from this tragedy result in changes that save the lives of others.
Indiana eyes waivers from No Child Left Behind law
The state expects to seek a waiver that could release local districts from being labeled failures even if students show progress.
Two women die in triple shooting
A triple shooting on the southeast side of Indianapolis early Friday morning resulted in the deaths of two women. Mary Swift, 37, died on the scene and 33-year-old Kelly Jinks died at Wishard Hospital. The third victim, Ronald Kortz II, 40, is in critical but stable condition at Wishard. The shootings occurred in an alley in the 1700 block of South State Avenue at about 1:30 a.m. Edward Lay, 37, was preliminarily charged with two counts of murder and one count of attempted murder. Witnesses say the shootings stemmed from an argument over the volume of a stereo.
Inventor on quest to bring medical device to market
Licensed practical nurse Nic Davis invented a device to kill and prevent the introduction of microorganisms that collect at catheter ports.
Unemployment aid applications fall to 4-month low
The number of people seeking unemployment benefits fell last week below 400,000 for the first time in four months, a sign that the job market may be improving again slowly after a recent slump.