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Articles
Zionsville galleries team up, commit to expand hours
The joint marketing effort is, in part, an effort to counter Carmel’s Art & Design District.
ITT Educational, for-profit peers reaped $521M from military
Twenty for-profit colleges—led by Carmel-based ITT Educational Services—reaped $521 million in U.S. taxpayer funds in 2010 by recruiting armed-services members and veterans through misleading marketing, according to a Congressional report released Thursday.
Lender seeking to foreclose on northwest-side hotel
Colfin NW Funding LLC claims in a court filing that it is owed $6.4 million by the borrower that operates the Courtyard By Marriott Hotel Northwest under Indianapolis-based Schahet Hotels Inc.
Clarian Health looks to scoop up White County hospital
The Indianapolis-based hospital system’s board of directors could vote to acquire the 25-bed hospital as early as next week, but might put off a decision till February.
CNO Financial plans $300 million sale of debt
Carmel-based CNO Financial Group Inc., the insurer formerly known as Conseco Inc., plans to sell $300 million of seven-year senior-secured notes, according to a company statement.
Carmel-based wind-gear maker plans Marion plant
Vela Gear Systems LLC, a Carmel-based startup manufacturer of large-scale gears for wind-turbine assemblies, said it will make a multimillion dollar investment to construct a 250,0000-square-foot plant in Marion, creating up to 163 jobs by 2013.
Indianapolis Symphony’s deficit nears record
The Indiana Symphony Society on Monday reported a near-record deficit of $2.7 million for the 2010 fiscal year. And symphony CEO Simon Crookall said this won't be the end of the bleeding.
Construction
-Browning Construction has completed a 15,800-square-foot expansion for ACES Power Marketing in Mayflower Park, 4140 W. 99th St., Carmel.
-D.B. Klain Construction LLC has completed a 4,350-square-foot tenant build-out for Zeta Beta Tau at 10 Fortune Park, 3905 Vincennes Road, Suite 100.
-D.B. Klain Construction LLC has completed a 1,540-square foot tenant build-out for Dr. Federspill Dental at 9201 N. Meridian St.
-D.B. Klain Construction LLC has completed a 5,148-square-foot tenant build-out for IIGA at Lakeside, 8777 Purdue Road, Suite 360.
Leasing/leasing contracts
-Ascension Health Ministry Service Center. also known as Ascension Health, leased 92,000 square feet at Eleven Fortune Park. The tenant was represented by Bill Ehret and Katie Sobotowski of Summit Realty Group. The landlord, Eleven Fortune Park Limited Partnership, was represented by Ron Foster of Echelon Realty Advisors and by IBUS Asset Management, the limited partnership’s Washington, D.C.-based asset manager.
-Halakar Real Estate has been hired by Equicor Cos. to be the exclusive leasing agent for Waterplace Park, a 113,000-square-foot property at 8925-9011 N. Meridian St., and Fidelity Keystone Office Tower, a 37,000-square-foot building at 650 E. Carmel Drive, Carmel. Halakar’s Ashley Bussell, Ralph Balber and Todd Maurer will be in charge of leasing for the properties.
-Bycan-Sellen leased 12,806 square feet of industrial space at 7998 Centerpoint Drive. The landlord, ING Clarion Partners, was represented by Fritz Kauffman and Bryan Poynter of Cassidy Turley. The tenant represented itself.
-Sallie Mae Inc. leased 10,400 square feet of industrial space at 9900 Westpoint Drive, Nos. 118 and 120. The landlord, ING Clarion Partners, was represented by Fritz Kauffman and Bryan Poynter of Cassidy Turley. The tenant represented itself.
-EMP Technology Group LLC leased 8,120 square feet of industrial space at 15309 Stony Creek Way, Noblesville. The tenant was represented by Fritz Kauffman of Cassidy Turley. The landlord, Gulf Shores LLC, was represented by Chris Black of CB Richard Ellis.
-A&F Engineering Co. LLC leased 7,560 square feet of office space at 8365 Keystone Crossing. The tenant was represented by Tim O’Connor of Prudential Indiana Realty Group. The landlord, Sourwine Real Estate Services, was represented by Andrew Martin of Cassidy Turley.
-PrimeLending leased 6,216 square feet of office space at 9100 Meridian Square, 50 E. 91st St. The tenant was represented by Richard Trimpe of CB Richard Ellis. The landlord, Sourwine Real Estate Services, was represented by Andrew Martin of Cassidy Turley.
-Stifel Nicolaus & Co. leased 5,740 square feet at 8888 Keystone Crossing. The tenant was represented by Jay Stewart of Grubb & Ellis. The landlord, BPG Properties Ltd., was represented by John R. Robinson and Abby L. Cooper of Jones Lang LaSalle.
-Fall Creek Montessori Academy leased 5,400 square feet at 8888 Fitness Lane, Fishers. The tenant was represented by David Kiernan HR Realty Group LLC. The landlord, Midwest Properties, was represented by Keith Dedrick of Corporate Commercial Group.
-Educate Beyond All Barriers Inc. leased 5,200 square feet of industrial space at 2101 S. State Ave. The landlords, Norman and Dianne Meurer, were represented by Kelly Williams of Cassidy Turley. The tenant represented itself.
-10/01 leased 4,500 square feet of restaurant space at 1001 Broad Ripple Ave. The tenant was represented Michael Cranfill of Sitehawk Retail Real Estate. The landlord, 1001 Properties Inc., was represented by Gary Perel of UrbanSpace.
-Woodland Montessori Inc. leased 4,334 square feet of office space at 10305 N. Allisonville Road. The tenant was represented by Jeff Merritt of Summit Realty Group. The landlord, JMH Properties LLC, was represented by Scott H. Lindenberg and Jason Challand of Echelon Realty Advisors.
-MS Consultants leased 3,627 square feet at 8900 Keystone Crossing. The tenant was represented by Nick Svarczkopf of CB Richard Ellis. The landlord, BPG Properties Ltd., was represented by John R. Robinson and Abby L. Cooper of Jones Lang LaSalle.
-American Society of Clinical Pathology leased 3,179 square feet at 8900 Keystone Crossing. The landlord, BPG Properties Ltd., was represented by John R. Robinson and Abby L. Cooper of Jones Lang LaSalle. The tenant represented itself.
-Rimkus Consulting Group Inc. leased 3,021 square feet of office space at One College Park. The tenant was represented by Scott H. Lindenberg of Echelon Realty Advisors. The landlord, Zeller Management Co., represented itself.
-Patton & Associates leased 2,666 square feet at 9000 Keystone Crossing. The tenant was represented by Rob Chrisman of Bridge Real Estate Advisors Inc. The landlord, BPG Properties Ltd., was represented by John R. Robinson and Abby L. Cooper of Jones Lang LaSalle.
-Subway has entered a build-to-lease deal with Holladay Properties Inc., which will build a 2,100-square-foot free-standing restaurant on nine-tenths of an acre at 8240 Belfast Drive at the entrance to AmeriPlex Business Park. The landlord, Holladay, was represented by Ryan Zickler of Zickler Associates. The tenant represented itself.
-SC Hoskins and Co. leased 2,045 square feet at Franklin Professional Center, State Road144 and Westview Drive, Franklin. Both the tenant and landlord, Landmark Properties Inc., represented themselves.
-Pilates Indy Inc. leased 1,400 square feet at Greenwood Springs, 8028 S Emerson Ave. The landlord, Regency Realty Group Inc., was represented by Keith Fried of Sitehawk Retail Real Estate. The tenant represented itself.-Employment Plus Inc. leased 1,250 square feet of retail space in South Greenwood Shoppes, 6001 N. U.S. 31, Whiteland. The tenant and the landlord, HRCP Inc., were represented by Cathy Richards of Lee & Associates.
-Definitive Auto Sales LLC leased 1,250 square feet of retail space in South Greenwood Shoppes, 6001 N. U.S. 31, Whiteland. The tenant and the landlord, HRCP Inc., were represented by Cathy Richards of Lee & Associates.
-Hello Indiana LLC leased 800 square feet of retail space at 3119 W. 30th St. The tenant and the landlord, DEWERCS One LLC, were represented by Cindy Hoskinson and Herb Feldmann of Lee & Associates.
-Service Master @ Your Service LLC leased 662 square feet of office space at 5455 W. 86th St. The landlord, Polaris Commercial investments LLC, was represented by Scott H. Lindenberg of Echelon Realty Advisors. The tenant represented itself.
-Lewis Legal Services leased 663 square feet of office space at 5455 W. 86th St. The landlord, Polaris Commercial Investments LLC, was represented by Scott H. Lindenberg of Echelon Realty Advisors. The tenant represented itself.
Children’s choir founder taps protege
Indianapolis Children’s Choir founder Henry Leck has named Josh Pedde as the first assistant artistic director in the 25-year history of the not-for-profit organization.
St. Francis Hospital project targets Greenwood’s growth
The $20 million facility would attempt to capture some of the 32-percent growth in population Greenwood experienced from 2000 to 2009.
Fountain Square turning to first-of-kind tax to fund improvements
A Fountain Square group led by neighborhood business owners hopes to create an “economic improvement district” for the up-and-coming neighborhood, where additional tax revenue could be used for everything from litter cleanup and marketing to capital improvements.
Simon Property offers to settle dispute over widow’s stake
Simon Property Group Inc. has offered to settle a lawsuit with Bren Simon by cashing out 6.5 million partnership units her late husband Melvin held in the giant shopping mall developer.
Exports fueling Indiana business growth
Firms are taking matters into their own hands to open trade relationships overseas, developing export policies they hope will benefit themselves and their communities.
St. Francis covets Greenwood’s growth
It doesn’t take a genius to figure out why St. Francis Hospital & Health Centers is going to build a new ER and medical office complex near Greenwood: The area has been growing over the past decade 10 times faster than the city of Indianapolis.
CNO Financial looking to refinance bank loans
The Carmel-based life and health insurer says it has started discussions with a group of lenders about refinancing $652.1 million in debt.
Leasing/leasing contracts
-The Indiana Department of Revenue renewed its lease for 50,200 square feet of industrial space at 5252 Decatur Blvd. The landlord, ProLogis, was represented by Luke Wessel of Cassidy Turley. The tenant represented itself.
-Davis Wholesale Supply Co. renewed its lease for 25,600 square feet of industrial space at 5845 W. 82nd St. in Park 100. The tenant was represented by Patrick Lindley of Cassidy Turley. The landlord, ProLogis, was represented by Andrea Hopper of ProLogis.
-D’Amore, a division of Thomas Caterers of Distinction, subleased 15,231 square feet on the 48th floor of Chase Tower, 1 E. Ohio St. The tenant was represented by Debbie Shumate of Alliance Commercial Real Estate. The landlord, JP Morgan Chase, was represented by Nick Arterburn of CB Richard Ellis.
-Sigma-Tau Pharmasource Inc. leased 13,750 square feet at 6815 Guion Road. The tenant and landlord, TCA 6815, were represented by J.D. Graves of CB Richard Ellis.
-The Indiana Private Industry Council leased 12,335 square feet at Parkstone III, 9002 Purdue Road. The tenant was represented by Tim O’Brien and David Ponader of Colliers International. The landlord, Parkstone Office Center LLC, was represented by Nick Svarczkopf and Dan Richardson of CB Richard Ellis.
-Product Development Corp. subleased 12,000 square feet at 5201 Park Emerson Drive, Suite N. The subtenant and sublandord, Wheel Pros LLC, were represented by J.D. Graves of CB Richard Ellis.-EMP Technology LLC leased 8,120 square feet at 15309 Stony Creek Way, Noblesville. The tenant was represented by Fritz Kauffman of Cassidy Turley. The landlord, Gulf Shores LLC, was represented by Chris Black of CB Richard Ellis.
-ZHU LAN sushi and prime rib buffet leased a freestanding 7,062-square-foot building at Merchants Point, 2293 E. 116th St., Carmel. The tenant was represented by Jun Liu of Carpenter Real Estate. The landlord, Darden Restaurants, was represented by Steve Delaney and Keith Fried of Sitehawk Retail Real Estate.
-Happy Hour Foot Spa leased 1,665 square feet at Willow Lake Shopping Center, 2658 Lake Circle Drive. The landlord, USRP Willow East LLC, was represented by Keith Fried of Sitehawk Retail Real Estate. The tenant represented itself.
-Jet’s Pizza leased 1,651 square feet at Willow Lake Shopping Center, 2658 Lake Circle Drive. The tenant was represented by Kurt Meyer of Baseline Commercial Real Estate. The landlord, USRP Willow East LLC, was represented by Keith Fried of Sitehawk Retail Real Estate.
-Rice Cooker leased 1,640 square feet at Willow Lake Shopping Center, 2658 Lake Circle Drive. The landlord, USRP Willow East LLC, was represented by Keith Fried of Sitehawk Retail Real Estate. The tenant represented itself.