The founder of Mesh Systems, a company that develops wireless “machine-to-machine” communications software and hardware, says his products have countless applications. Earlier this month, Mesh closed on a $2.5 million private placement from investors in Indiana and Wisconsin.
The city’s mounting legal bills to cover lawsuits involving Indianapolis City Market are adding to the taxpayer cost of subsidizing the venue and making it tougher for the market to become self-sufficient.
A dormant plan to redevelop the 150-acre former Central State Hospital campus is starting to get momentum. Developers anticipate spending $100 million to $150 million to revamp the site. With online photo gallery
The news that Nordstrom Inc. will close its Circle Centre mall store July 31 is proof that the suburbs still rule where retail is concerned, but it shouldn’t signal a repeat of the gradual decline downtown suffered when merchants began leaving the city’s core in the 1950s.
-Kort Builders has completed an 1,800-square-foot retail space for The Sewing Center at 105 S. Raceway Road.
-Kort Builders has completed a 2,800-square-foot restaurant space for Boondogglers at 65 Boone Village, Zionsville.
-Kort Builders has completed a 2,400-square-foot retail space for Sharkey’s Cuts for Kids at 12525 Old Meridian St., Carmel.
-Wood 96th RE LLC bought two office buildings totaling 34,000 square feet at 3510 and 3520 E. 96th St. The price wasn’t disclosed. The buyer was represented by Ross Reller of Colliers International. The seller, Buckingham Cos., was represented by Matt Langfeldt and Rich Forslund of Summit Realty Group.
-Electro Reps Inc. bought a 3,500-square-foot office building at 220 N. Rangeline Road, Carmel. The price wasn’t disclosed. The buyer was represented by Brian Fitzgerald of Citimark Management Company Inc. and Matt Carlstedt of Citimark Realty Partners. The seller, JBS Holding LLC, was represented by Peter Pizarro of F.C. Tucker Co.
Shares of for-profit education companies—including Carmel-based ITT Educational Services Inc.—ended higher on Tuesday as a William Blair analyst said a long-awaited federal "gainful employment" rule likely won't hurt vocational school chains as much as investors think.
-Southern Wine & Spirits of Indiana Inc. leased 25,201 square feet at 8888 Keystone Crossing. The tenant was represented by Mike Semler of Cassidy Turley. The landlord, Philadelphia-based BPG Properties Ltd., was represented by John R. Robinson and Abby L. Cooper of Jones Lang LaSalle.
-Pharmakon Long Term Care LLC leased 12,555 square feet at 801 Congressional Blvd, Carmel. The landlord, Technology Center Associates II LLC, was represented by Mike Napariu of REI Real Estate Services. The tenant represented itself.
-McKinney Renovators & Builders LLC leased 5,756 square feet at 3250 N. Post Road. The tenant was represented by Bryan Augustin of Alliance Commercial Real Estate. The landlord, Indy Flex Investors LLC, was represented by Kyle Powell and Bryan Poynter of Cassidy Turley.
-Allergy & Asthma Care of Indiana PC leased 5,044 square feet at 11590 N. Meridian St., Carmel. The tenant was represented by Stephen Adams of Hokanson Cos. The landlord, Fidelity Office Building II LP, was represented by Mike Napariu of REI Real Estate Services.
-Optiview Vision leased 4,984 square feet at Southtown Center, 4648 S. Scatterfield Road, Anderson. The landlord, Charles Street Associates III LLC, was represented by Scott Gray of Sitehawk Retail Real Estate. The tenant represented itself.
-VFA Inc. leased 4,222 square feet at 8365 Keystone Crossing. The tenant was represented by Andrew Follman of Meridian Real Estate LLC. The landlord, Sourwine Real Estate Services, was represented by Andrew Martin and Bennett Williams of Cassidy Turley.
-Adkins and Associates Inc. leased 3,060 square feet at 7026 Corporate Way at Corporate Center North. The landlord, CalEast Industrial Investors LLC, was represented by Kyle Powell, Russell Van Til and Bryan Poynter of Cassidy Turley. The tenant represented itself.
-Navigator Holdings Inc. leased 2,685 square feet in Pan Am Plaza, 201 S. Capitol Ave. The landlord, Coastal Partners LLC, was represented by Pete Anderson, Bennett Williams and Andrew Martin of Cassidy Turley. The tenant represented itself.
-Nicole Van Lee, DDS, leased 2,000 square feet at the Harrison Center, 9105 E. 56th St. The tenant was represented by Mike Napariu of REI Real Estate Services. The landlord, Mann Properties, was represented by Debbie Mann of Mann Properties.
-Miko Hair leased 1,600 square feet of retail space in Greenbriar Shopping Center, 1261 W. 86th St. The tenant and landlord, Prime Property Investors, were represented by Nick Smyrnis of Lee & Associates.
-Elizabeth Johnson & Associates leased 1,500 square feet of office space in Greenwood Professional Park, 622 N. Madison Ave., Greenwood. The tenant was represented by Cindy Hoskinson and Herb Feldmann of Lee & Associates. The landlord, Greenwood Professional Park, represented itself.
-Auntie Em’s Frozen Custard & Baked Goods leased 1,400 square feet of retail space in the Old Town on the Monon center at 111 W. Main St., Carmel. The landlord, Barrett & Stokely, was represented by Bart Jackson of Lee & Associates. The tenant represented itself.
Indiana University Health is now quietly unwinding the physician ownership of its hospitals in Carmel and Avon—which sparked loud controversy when they opened in 2004 and 2005.
The $68.6 million invested in Indiana companies through the first quarter comes close to approaching the $79.3 million total that venture capital firms invested in the state in all of 2010.
Frozen yogurt businesses are sprouting up all over the Indianapolis area, with owners hoping to cash in on the public’s appetite for what they perceive as a healthy treat.
Indianapolis Art Center CEO Carter Wolf is drawing fire from some quarters over a staff shakeup that he says is needed to grow enrollment at the Broad Ripple not-for-profit. But Wolf insists that won’t hinder progress.
Indianapolis leaders have targeted four core urban areas for renewal, taking steps to create new tax-increment-financing districts to seed economic development there.
Zionsville’s family feud over commercial real estate development has stirred passions among people who seem to agree, at least outwardly, on one point: The town’s growth should be managed to preserve its quality of life.
Visiting Nurse Service Inc., a 200-employee agency based in Indianapolis, will operate under the umbrella of Franciscan St. Francis Health, the organizations announced Thursday.
Check out a round-town roundup chock full of new locations for popular restaurants including La Margarita, Stacked Pickle and Chicago’s Pizza, along with a new family dinner theater and a new concert venue for Fountain Square.
-Jones Lang LaSalle has been named exclusive leasing agent for City Center at Penn, a 136,728-square-foot office building at 1320 N. City Center Drive, Carmel. John Robinson and Adam Broderick will be in charge of leasing the property for JLL.
-Minority Trades LLC, dba North Meridian Hardware, has leased a 21,000-square-foot building at 1433-1435 N. Meridian St. The tenant, which has an option to purchase the property, was represented by Nicholas Wright of Newbridge Commercial Real Estate Inc. The landlord, Metropolitan Indianapolis Public Broadcasting Inc., was represented by Charles Cagann of Mansur Real Estate.
-Division IX LTD leased 7,000 square feet at Circle City Industrial Complex, 1125 Brookside Ave. The tenant, a construction company, was represented by Conrad Jacobs of Newmark Knight Frank Halakar. The landlord, National Bank of Indianapolis, was represented by Ashley Bussel and Ralph Balber of Newmark Knight Frank Halakar.
-La Fuente Mexican Restaurant leased 4,923 square feet at Exit Five Shopping Center, 9771-9775 116th St., Fishers. The landlord, Sunbeam Development Corp., was represented by Mark Perlstein of Sitehawk Retail Real Estate. The tenant represented itself.
-Kimigasuki Japanese Steak House leased 3,860 square feet at Avon Crossing, 7840 U.S. 36, Avon. The landlord, Cranfill Development Corp., was represented by Michael Cranfill of Sitehawk Retail Real Estate. The tenant represented itself.
-Filterfresh Coffee Service Inc. renewed its lease for 2,880 square feet at Corporate Center North, 7005 Corporate Drive. The tenant was represented by Carson Jones of Partners National. The landlord, CalEast Industrial Investors LLC, was represented by Kyle Powell, Russell Van Til and Bryan Poynter of Cassidy Turley.
-Accenture leased 2,544 square feet at Chase Tower, 111 Monument Circle. The landlord, Charter Hall Office REIT, was represented by Adam Broderick and John Robinson of Jones Lang LaSalle. The tenant represented itself.
-North Meridian Psychiatric Associates leased 2,174 square feet at 9302 N. Meridian St. The tenant was represented by Pete Anderson of Cassidy Turley. The landlord, Gibraltar Properties, was represented by Adam Broderick and John Robinson of Jones Lang LaSalle.
-Brickyard Gutter Systems Inc. leased 2,104 square feet at 116 S. Park Drive, Greenwood. The tenant was represented by Kyle Powell and Michael Weishaar of Cassidy Turley. The landlord, South Park Group LLC, was represented by Brian Dell of Summit Realty Group.
-Jimmy Johns Gourmet Sandwiches leased 2,006 square feet at Washington Square Commons, 10110 E. Washington St. The tenant was represented by Drew Warner of Eclipse Real Estate. The landlord, 10110 E. Washington St. LLC, was represented by Mark Perlstein of Sitehawk Retail Real Estate.
-Neuropsychology Associates leased 1,933 square feet at Green on Meridian, 10291 N. Meridian St., Carmel. The landlord, Gibraltar Properties, was represented by Adam Broderick and John Robinson of Jones Lang LaSalle. The tenant represented itself.
-Subway leased 1,881 square feet at Michigan Road Shoppes, 8800 N. Michigan Road. The tenant was represented by Tracey Holtzman of Midland Atlantic. The landlord, I.I. Mart LLC, was represented by Mark Perlstein of Sitehawk Retail Real Estate.
-Dr. Gregory Hale leased 1,047 square feet at Green on Meridian, 10291 N. Meridian St., Carmel. The landlord, Gibraltar Properties, was represented by Adam Broderick and John Robinson of Jones Lang LaSalle. The tenant represented itself.
-BoxCrush leased 1,020 square feet at 9302 N. Meridian St. The tenant was represented by Alex Cantu of Summit Realty. The landlord, Gibraltar Properties, was represented by Adam Broderick and John Robinson of Jones Lang LaSalle.
After property tax caps crimped local dollars in Zionsville and a school funding referendum failed, many residents have decided it’s time to attract more commercial development. But they are tangled in a hot dispute over how to achieve that goal.
Tim Williams learned to make big changes on the fly during the first year of his fledgling Broad Ripple eatery, including scrapping counter service, adding a wait staff and revamping the menu.
