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Articles
Time running out for suburban bus service
Transportation planners are scrambling to find federal funds to help pay for the popular commuter routes from downtown
Indianapolis to Fishers and Carmel.Local racing-fuel supplier expands territory to 26 states
National Biofuels Distribution LLC, a subsidiary of Carmel-based Telamon Corp., signs two distribution contracts to expand
its distribution reach. The company began marketing its ethanol-based racing fuel, Ignite, about a year ago.Ward, Vargas take top All-Star Agent spots
IBJ has compiled its All-Star Agents lists annually since 1997. Agents are ranked by their sales volume over a two-year
period.Construction
-Kort Builders has completed a 1,300-square-foot retail space for Fuzziwig’s Candy Factory at 13971 Town Center Blvd. in Hamilton Town Center.
-Kort Builders has completed a 2,000-square-foot retail space for Sally Beauty at 2007 E. Greyhound Pass, Carmel.
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Leasing/leasing contracts
-Keebler renewed its lease for 45,917 square feet at 7735 Winton Drive in Park 100. The tenant was represented by Andrew Morris, Jeremy Woods, Matt McGrady and Jon Shuel of Summit Realty Group. The landlord, Duke Realty, represented itself.
-Knowledge Services leased 16,209 square feet at Castle Creek IV, 5875 N. Castle Creek Parkway. The tenant was represented by Tim Norton and Cameron Kucic of Sumhttps://admin.ibj.com/admin/article/workflow/claim?articleId=21856#mit Realty Group. The landlord, Blue Real Estate, was represented by Matt Langfeldt and Rich Forslund of NAI Olympia Partners.
-Gaylor Inc. leased 13,263 square feet at Castle Creek V, 5750 N. Castle Creek Parkway. The tenant was represented by Aasif Bade and Pat Chittenden of Ambrose Property Group. The landlord, Blue Real Estate, was represented by Matt Langfeldt and Rich Forslund of NAI Olympia Partners.
-Ji-Eun Music Academy leased 6,960 square feet of office space at 10029 E. 126th St., Fishers. The tenant was represented by Shelley Meisenhelder of Coregroup Corporate Real Estate Advisors. The landlord, Eiker Investments II LLC, was represented by Bennett M. Williams and John A. Crisp of Cassidy Turley.
-InSphere Insurance Solutions Inc. leased 4,502 square feet of office space at 3500 DePauw Blvd. The tenant was represented by Bill Ehret of Summit Realty Group. The landlord, CP Pyramid Associates LP, was represented by David A. Moore and Darrin L. Boyd of Cassidy Turley.
-The Trade Connection leased 3,400 square feet of showroom space at the Indiana Design Center, 200 S. Rangeline Road, Carmel. The landlord, Pedcor, and tenant represented themselves.
-Lather Hair leased 3,200 square feet at 7844 E. 96th St. in the North by Northeast Shopping Center, Fishers. The tenant was represented by Debra Browder of Browder Realty. The landlord, NNE Associates LLC, was represented by Robyn Smart and Shannon Hicks of CB Richard Ellis.
-dPict Imaging Inc. leased 3,156 square feet at 7400 Shadeland Station in the Shadeland Station Office Park. The tenant was represented by Andrew Follman of Meridian Real Estate Services. The landlord, LA/Shadeland Station, was represented by Crystal Houston and Dan Richardson of CB Richard Ellis
-Aegis Worldwide leased 2,452 square feet at 11550 N. Meridian St., Suite 250, in SePro Tower. The tenant was represented by Scott H. Lindenberg of Echelon Realty Advisors. The landlord, SePro Corp., was represented by Bill Ehret and Rebecca Baer of Summit Realty Group.
-TCG Indianapolis renewed its lease for 2,368 square feet at 9325 Delegates Row in the Precedent Office Park. The tenant was represented by Kurt Kittner of Jones Lang LaSalle. The landlord, HDG Mansur, was represented by Tim Hull and Rick Trimpe of CB Richard Ellis.-General Physics Corp. leased 2,353 square feet of office space at 550 Congressional Blvd., Carmel. The landlord, 550 Congressional Blvd. LLC, was represented by David A. Moore, Darrin L. Boyd and Mary Beth Kohart of Cassidy Turley. The tenant represented itself.
-ScheduleMyHair.com LLC leased 2,100 square feet at Fall Creek Harbour, 10142 Brooks School Road, Fishers. The tenant was represented by Paul Dick of Colliers International. The landlord, FCH Associates LLC, was represented by Cindy Hoskinson and Herb Feldmann of Grubb & Ellis Harding Dahm & Co.
-Art of Living Foundation leased 1,600 square feet at 6801 Lake Plaza Drive in the Lake Plaza Office Park. The landlord, Lake Plaza LLC, was represented by Debbie Shumate of Alliance Commercial Real Estate. The tenant represented itself.
-Therapeutic Spa leased 1,200 square feet at 6801 Lake Plaza Drive in the Lake Plaza Office Park. The landlord, Lake Plaza LLC, was represented by Debbie Shumate of Alliance Commercial Real Estate. The tenant represented itself.
-Reliable Personal Care Services leased 804 square feet at 6801 Lake Plaza Drive in the Lake Plaza Office Park. The landlord, Lake Plaza LLC, was represented by Debbie Shumate of Alliance Commercial Real Estate. The tenant represented itself.
-Allstate/Bell Insurance leased 803 square feet at 6801 Lake Plaza Drive in the Lake Plaza Office Park. The landlord, Lake Plaza LLC, was represented by Debbie Shumate of Alliance Commercial Real Estate. The tenant represented itself.
Sales/acquisitions
-E.J. Welch Co. bought an 11,581-square-foot industrial building at 6230 Corporate Drive. The price wasn’t disclosed. The buyer was represented by Stan Elser and Jim Karozos of Grubb & Ellis Harding Dahm & Co. The seller, Best Flooring Real Estate Holdings LLC, was represented by Mike Alboher of Alboher Development Co. Inc.
-Norman L. and Associates LLC bought a 3,753-square-foot office building at 31 S. Rangeline Road, Carmel. The price wasn’t disclosed. The buyer was represented by Darrin L. Boyd of Cassidy Turley. The seller, Yancey Marketing, was represented by Darrin L. Boyd and David A. Moore of Cassidy Turley.
Closings roundup: Menards, Urban Element, Spa Chakra
Several restaurant and retail closings to report, including a big-box hardware store, a local restaurant chain and an upscale
spa.Indiana, Indy stage small employment gains
Indiana’s unemployment rate increased by a sliver, to 10.2 percent, in July despite increases in jobs in many industries.
Strategy key as arts groups launch simultaneous campaigns
A wave of fundraising pitches is about to wash over Indianapolis arts supporters. Five organizations either have announced
or are working toward the launch of major campaigns.Popular toning shoes give big boost to The Finish Line
Despite controversy over whether they live up to their hype, so-called toning shoes—a category created from thin air
just a few years ago—are flying off store shelves nationwide and are on pace to ring up almost $1 billion in revenue
this year.Lending overhaul could be trouble for ITT
New student-lending rules proposed by the Obama administration could wipe out as much as two-thirds of profits at Carmel-based
ITT Educational Services Inc., some analysts believe.MAURER: If it feels right, take the leap
To create a disciplined investment philosophy, I evolved “The Ten Essential Principles of Entrepreneurship You Didn’t
Learn in School”—at least I didn’t learn them in school. Over the course of 10 columns, I will feature each
of these essential principles. This is the fourth installment.Urban schools gather momentum in Indianapolis area
Resurgent Marion County districts are showing up affluent districts in improving student performance.
Teen in fatal Carmel chase avoids jail
Spencer Beasley, 15, who led police on a chase last April that killed two of his friends, was sentenced to one year of probation
and 100 hours of community service Tuesday by a Carmel juvenile court judge. The teen pleaded guilty to two counts of resisting
law enforcement with a vehicle, causing death. Jordan Moss and Jordan Piorier died in the fiery crash at 146th Street and
River Road last April after Beasley fled from police in Carmel. Beasley won’t be allowed a driver’s license until he’s 18.Cancer drug developer Endocyte files for IPO
The company, headquartered at Purdue Research Park, said the number of shares to be offered and their price range have yet
to be determined.Q&A
Dr. Kevin Macadaeg, vice president of the Indiana Spine Group, talked about his physician
group's decision to build a 60,000-square-foot medical office and "bioskills" lab in Carmel next year, as well
as the group's commitment to grow independently in the face of pressures from hospital acquisitions and health reform.Construction
-Kort Builders has completed a 1,300-square-foot retail space for Fuzziwig’s Candy Factory at 13971 Town Center Blvd. in Hamilton Town Center.
-Kort Builders has completed a 2,000-square-foot retail space for Sally Beauty on Greyhound Pass in Carmel.