High-end David & Mary Salon Spa has closed its Clay Terrace location after months of grappling with road construction, frigid weather and the loss of several key employees. Plus: Macaroni Grill leaves Carmel.
In an interview with IBJ, Kite Realty Group Trust CEO John Kite discusses the $1.2 billion acquisition of Illinois-based Inland Diversified Real Estate Trust, potential redevelopment of Pan Am Plaza and its hopes to keep a branch of the Indianapolis-Marion County Public Library at Glendale Town Center.
Chicagoland favorite Aurelio’s Pizza is extending its reach into central Indiana, with plans for a restaurant in Fishers. Plus: ice cream, sushi, and more Dottie Couture.
In its second quarter, the Indianapolis-based manufacturer of transmissions and propulsion systems rode accelerating sales for rugged-duty, student transport, and hydraulic fracturing equipment.
-Lysse Partners LLC leased 32,826 square feet of industrial space at 8460 Bearing Drive. The tenant was represented by Ralph Balber of Newmark Knight Frank Halakar. The landlord, Biynah Industrial Partners LLC, was represented by Michael Weishaar and Todd Vannatta of Cassidy Turley.
-Bastian Solutions leased 17,242 square feet Georgetown Building 1, 7950 Georgetown Road. The tenant was represented by Mark Writt of CBRE. The landlord, Duke Realty, was represented by Jay Archer of Duke.
-Security Vault Works Inc. leased 16,000 square feet of industrial space in Park West, 980 Western Drive. The tenant was represented by Stan Elser of Lee & Associates. The landlord, B&D Development Co. LLC, represented itself.
-Save-A-Lot Food Stores leased 15,600 square feet at 1223 S. High School Road. The tenant was represented by Larry Davis of Sitehawk Retail Real Estate. The landlord, West Washington Street Partners LLC, was represented by Brent Benge of Paradigm Real Estate Investments.
-Pet Supplies Plus leased 7,011 square feet at Indian Creek Commons, 10625 Pendleton Pike. The tenant was represented by Mark Perlstein of Sitehawk Retail Real Estate. The landlord, Viking Partners Indiana Creek LLC, was represented by Seth Biggerstaff of Veritas Realty.
-Cleaning Solutions leased 4,430 square feet of industrial space at 5603 W. Raymond St. Both the tenant and the landlord, Iron Point Titan Asset Management LLC, were represented by Bryan Poynter of Cassidy Turley.
-Western Governors University renewed its lease for 3,841 square feet of office space at 10 W. Market St. The tenant was represented by John Crisp and Spud Dick of Cassidy Turley. The landlord, MT Acquisitions LLC, was represented by Bennett Williams and Andrew Martin of Cassidy Turley.
-Integration Partners Corp. leased 3,299 square feet of industrial space at 9855 Crosspoint Blvd. The landlord, Clarion Partners, was represented by Fritz Kauffman and Bryan Poynter of Cassidy Turley. The tenant represented itself.
-Milestone Contractors LP leased 3,281 square feet of industrial space at 3250 N. Post Road. Both the tenant and the landlord, Iron Point Titan Asset Management LLC, were represented by Bryan Poynter of Cassidy Turley.
-Quartermaster Facility Supplies LLC leased 2,400 square feet of industrial space at 5603 W. Raymond St. Both the tenant and the landlord, Iron Point Titan Asset Management LLC, were represented by Bryan Poynter of Cassidy Turley.
-Matthews International Corp. leased 2,097 square feet of office space at 8606 N. Allisonville Road. The tenant was represented by Spud Dick of Cassidy Turley. The landlord, Citimark Inc., was represented by Brian Fitzgerald of Citimark.
-Any Lab Test Now leased 1,600 square feet of retail space at 1642 S. Olive Branch Parke Lane, Greenwood. The landlord, KLC Realty LLC, was represented by Greg Smith of Colliers International. The tenant represented itself.
-Holladay Construction Group LLC partnered with Holladay Properties on a 600-foot warehouse work-area expansion and office upgrade for Batesville at 5770 Decatur Blvd.
-Capitol Construction has completed a 3,600-square-foot office build-out for Advanced Pain Management at 10412 N. Allisonville Road, Fishers.
-Capitol Construction has completed a 3,700-square-foot office build-out for Fairway Mortgage at 10194 Crosspoint Blvd.
-Capitol Construction has completed a 7,000-square-foot production facility for Ambre Blends at 7825 E. 89th St.
A Minneapolis developer wants to build two high-end hotels in the same 15-story building on a surface parking lot downtown across from Bankers Life Fieldhouse.
-Byrd Enterprises Inc. leased 37,378 square feet at Carmel Market Place, 502 E. Carmel Drive, Carmel. The tenant was represented by Bruce Richardson of Dieterl/Richardson. The landlord, Buckingham Fountains LLC, was represented by Gary Perel of Newmark Knight Frank Halakar and Tiffany Oliver of Buckingham Cos.
-HHGregg leased 25,078 square feet of retail space in Washington Place Shopping Center, 10255 E. Washington St. The tenant was represented by Jack Esselman of J.F. Esselman Commercial. The landlord, PEBB Indianapolis LLC, was represented by Jamison Downs, Seth Biggerstaff and Paul Rogozinski of Veritas Realty.
-AIMCO leased 14,342 square feet at 4670 Haven Point Blvd. The tenant was represented by Brian Askins of Cushman & Wakefield/Summit. The landlord, Performance Services Inc., was represented by Ron Foster of Reliant Partners.
-Harvest Church leased 8,640 square feet at 6107 Airport Blvd. The tenant was represented by Brian Askins of Cushman & Wakefield/Summit. The landlord, The Peterson Co. LLC, was represented by Matt Langfeldt and Rich Forslund of Cushman & Wakefield/Summit.
-Corizon LLC leased 6,724 square feet of office space at 9245 N. Meridian St. The tenant was represented by Brook Sipe of Alliance Real Estate. The landlord, Echo Associates LLC, was represented by Ashley Bussell and Ralph Balber of Newmark Knight Frank Halakar.
-Madame Royale Nail Salon & Spa leased 2,800 square feet of retail space in Pine Creek Shoppes, 8790 E. 96th St., Fishers. The landlord, Pine Creek on 96th Street LLC, was represented by Seth Biggerstaff and Kyle Hughes of Veritas Realty. The tenant represented itself.
-Gutwein Law leased 2,504 square feet of office space at Station Place, 200 S. Meridian St. The tenant was represented by Ashley Bussell and Ralph Balber of Newmark Knight Frank Halakar. The landlord, Station Place, was represented by Zane Brown of CBRE.
-Louie’s Wine Dive Indianapolis LLC leased 2,500 square feet of retail space in the Massala Building, 345 Massachusettes Ave. The tenant was represented by Allison Hawley of Niessink Commercial Real estate Inc. The landlord, Massala Properties Inc., was represented by Ralph Balber and Ashley Bussell of Newmark Knight Frank Halakar.
-Jimmy Johns leased 1,760 square feet of retail space in Shelbyville Crossing, 2400 Marketplace Blvd, Suite C, Shelbyville. The tenant was represented by Drew Warner of Eclipse Realty. The landlord, Shelbyville Retail LLC, was represented by Jamison Downs and Kyle Hughes of Veritas Realty.
-A Nail Salon leased 1,608 square feet at Lebanon Crossing, 1370 S. Lebanon St., Lebanon. The landlord, Lebanon 39 LLC, was represented by Keith Fried of Sitehawk Retail Real Estate. The tenant represented itself.
-Infinity Chiropractor leased 1,600 square feet of retail space in Pine Creek Shoppes, 8966 E. 96th St., Fishers. The tenant was represented by Seth Biggerstaff of Veritas Realty. The landlord, Pine Creek Shoppes on 96th Street LLC, was represented by Paul Rogozinski of Veritas Realty.
-Raw Juice leased 1,200 square feet at Clearwater Springs Shopping Center, 5025 E 82nd St. The landlord, PK Clearwater Springs LLC, was represented by Keith Fried of Sitehawk Retail Real Estate. The tenant represented itself.
The Capital Improvement Board of Managers of Marion County voted Monday to give the Indiana Sports Corp. $500,000 a year for the next 10 years to create a reserve fund for maintenance on the IU Natatorium at IUPUI.
The Illinois Street Food Emporium, a north-side staple for decades, has a new owner, while the owner of the Sahm’s chain dishes on his plans for the Snooty Fox building.
-Holladay Construction Group LLC. partnered with Holladay Properties to convert a 17,000-square-foot warehouse into an office/warehouse suite for Accelerated Inc. at 5777 Decatur Blvd.
-Capitol Construction has completed a 16,000-square-foot expansion for Allied Solutions at 1320 City Center Drive, Carmel.
-Capitol Construction has completed a 3,400-square-foot office build-out for Body One Physical Therapy at 10412 Allisonville Road, Fishers.
-Capitol Construction has completed a 2,500-square-foot office expansion for PR Mortgage at 11555 N. Meridian St, Carmel.
-Aim Solutions leased 25,600 square feet at 7941-7997 Allison Ave. The tenant was represented by Brian Dell of Cushman & Wakefield/Summit. The landlord, ProLogis, was represented by Jason Speckman of Cushman & Wakefield/Summit.
-Artisanz Fabrication & Machine Co. leased an additional 13,200 square feet of industrial space at 2198 Reeves Road, Plainfield. The landlord, Damon and Patricia Jones, was represented by Patrick Lindley and Grant Lindley of Cassidy Turley. The tenant represented itself.
-Exact Target leased 5,957 square feet of retail space at 433 N. Capitol Ave. The tenant was represented by Jenna Barnett of Newmark Knight Frank Halakar. The landlord, OneAmerica Financial Partners, was represented by Jacque Haynes and Don Williams of Cassidy Turley.
-Dottie Couture Shipping leased 5,311 square feet at 1729 S. U.S. 31, Greenwood. The tenant was represented by Kyle Powell of NAI Meridian. The landlord, 1729 South US 31 LLC, was represented by Brian Dell of Cushman & Wakefield/Summit.
-Sipes Asphalt Solutions leased 4,800 square feet of industrial space at 1316 N. Capitol Ave. The landlord, LLR Realty LLC, was represented by Brian Dell of Cushman & Wakefield/Summit. The tenant represented itself.
-Three Chefs Corp. dba Dickey's BBQ leased 2,358 square feet of retail space at Fortune Plaza, 9655 E. U.S. 36, Avon. The tenant was represented by Bill Marsh of Colliers International. The landlord, Fortune Plaza Enterprise B LLC, was represented by Greg Smith of Colliers International.
-Creative Touch Interiors Inc. leased 2,347 square feet of industrial space at 9855 Crosspoint Blvd. The tenant was represented by Mark Writt of CBRE. The landlord, Clarion Partners, was represented by Fritz Kauffman and Bryan Poynter of Cassidy Turley.
-Dr. Bryant Ponchot leased 1,686 square feet of retail space at 8802 S. Madison Ave. The landlord, Conrad Morris & Associates LLC, was represented by Greg Smith and Nate Smith of Colliers International. The tenant represented itself.
-Hammel Insurance Agency leased 1,600 square feet of retail space at 12656 E. 116th St., Fishers. The tenant was represented by Keith Dedrick of Corporate Commercial Group. The landlord, Brooks School Plaza LLC, was represented by Greg Smith of Colliers International.
-Jimmy John’s leased 1,535 square feet of retail space at 9893 N. Michigan Road, Carmel. The landlord, CASTO, was represented by Jacque Haynes of Cassidy Turley. The tenant represented itself.
-Staff America Inc. leased 1,446 square feet of office space at 8465 Keystone Crossing. The tenant was represented by Kimberly Estes Hartman and Tom Osborne of Colliers International. The landlord, 8465 Associates LLC, was represented by Bill Montrie of Corporate Park Development Inc.
-Sweeties GT LLC leased 1,320 square feet of retail space at 2101 E. 62nd St. The tenant was represented by Ron Mannon of Lee & Associates. The landlord, McKee Realty Corp., was represented by Bill French of Cassidy Turley.
-Hair Passion leased 756 square feet of retail space at 8802 S. Madison Ave. The landlord, Conrad Morris & Associates LLC, was represented by Greg Smith and Nate Smith of Colliers International. The tenant represented itself.
Hamilton County Commissioners wrapped up the local-government leg of their State Road 37 road show Tuesday, asking Noblesville Common Council to consider a resolution endorsing a Keystone Parkway-like overhaul intended to ease congestion.
-The District Tap leased 15,062 square feet at 3720 E. 82nd St. The tenant was represented by Michael Cranfill of Sitehawk Retail Real Estate. The landlord, White River Investments LP, was represented by John Beuoy of The Broadbent Co.
-Hoosier Cancer Research Network Inc. leased 7,884 square feet of office space at 500 N. Meridian St. The tenant was represented by Spud Dick and John Crisp of Cassidy Turley. The landlord, Ambrose Property Group, was represented by John Vandenbark of CBRE.
-Sitehawk Retail Real Estate leased 6,173 square feet of office space at 8500 Keystone Crossing. The landlord, PWA Keystone Crossing LP, was represented by Andrew Martin and Bennett Williams of Cassidy Turley. The tenant represented itself.
-Wings Etc. leased 4,748 square feet of retail space at Greenfield Station,1925 Melody Lane, Greenfield. The tenant was represented by Dean Almas of Sitehawk Retail Real Estate. The landlord, LOR Corp., was represented by Jacque Haynes of Cassidy Turley.
-Auto-Chlor System renewed its lease for 3,600 square feet of industrial space at 5333-5367 W. 86th St. The landlord, Iron Point Titan Asset Management LLC, was represented by Bryan Poynter of Cassidy Turley. The tenant represented itself.
-Little Caesar’s Pizza leased 3,500 square feet of retail space at 3400 S. East St. The tenant was represented by Seth Biggerstaff of Veritas Realty. The landlord, James Crewes, was represented by Hugh Kennerk of Sperry Van Ness/Sycamore Commercial.
-Companion Care Co. leased 2,520 square feet at 51 S. Park Blvd, Greenwood. The tenant was represented by Thomas Cortese III of CREstacom Real Estate Solutions. The landlord, South Park Group LLC, was represented by Brian Dell of Cushman & Wakefield/Summit.
-Shackelford Graphics Inc. renewed its lease for 2,500 square feet at 5640 S. Meridian St. The landlord, South Meridian Park LLC, was represented by Brian Dell of Cushman & Wakefield/Summit. The tenant represented itself.
-Vanguard of Evansville Inc. leased 2,400 square feet of industrial space at 5603 W. Raymond St. The landlord, Iron Point Titan Asset Management LLC, was represented by Bryan Poynter of Cassidy Turley. The tenant represented itself.
-Optical Technologies Inc. renewed its lease for 2,224 square feet at 62 South Park Blvd., Greenwood. The tenant was represented by Pam Smith of Realty World. The landlord, South Park Group LLC, was represented by Brian Dell of Cushman & Wakefield/Summit.
-Lombardo Homes of Indiana LLC leased 2,160 square feet of retail space at Fall Creek Harbour, 10106 Brooks School Road, Fishers. The tenant and landlord, FCH Associates LLC, were represented by Cindy Hoskinson of Lee & Associates.
-A Greek Restaurant leased 2,000 square feet at Avon Crossing, 7900 E. U.S. 36, Avon. The landlord, Cranfill Development Corp., was represented by Michael Cranfill of Sitehawk Retail Real Estate. The tenant represented itself.
-The Autoglass Professionals Inc. leased 1,800 square feet of industrial space at Greenwood Oaks Business Centre, 500 S. Polk St., Greenwood. The tenant and landlord, Greenwood Oaks Investments LLC, were represented by Teresa Clements of Lee & Associates.
-Newkirk Realty PC leased 1,121 square feet at 8606 Allisonville Road. The tenant was represented by Brian Dell of Cushman & Wakefield/Summit. The landlord, Castle Creek Office LLC, was represented by Brian Fitzgerald of Citimark Management Co.
Marian University, St. Vincent Health and four amateur sports groups have entered into formal discussions that could result in major developments at the northwest-side campus, the university announced Tuesday.
-Popeyes Louisiana Kitchen bought a 0.85-acre outlot at 4920 W. 38th St. The buyer was represented by Steve Delaney and Larry Davis of Sitehawk Retail Real Estate. The seller, GE Capital, was represented by Allison Hawley of Niessink Commercial Real Estate
-AFC Enterprises dba Popeyes Louisiana Kitchen bought the former Big Red Towing at 3821 N. Keystone Ave. The buyer was represented by Steve Delaney and Larry Davis of Sitehawk Retail Real Estate. The seller, Joe Long, represented himself.
-MSM Real Estate Holdings LLC dba Methodist Sports Medicine bought the 38,000-square-foot 1401 Office Park at 1401, 1405 and 1411 W. County Line Road, Greenwood. The buyer was represented by Itamar Cohen of Prudential Commercial Group. The seller, First Financial Bank, was represented by Steve Beals and Richard King III of Lee & Associates.
-Hockett Real Estate LP bought 32 acres at 6551 and 6591 S. Indianapolis Road, Whitestown. The seller, C and W Inc., was represented by Tom Osborne and Ross Reller of Colliers International. The buyer represented itself.
-San Antonio-based USAA Real Estate Co. bought Lake Pointe Center III and Lake Pointe Center IV office buildings at 8470 and 8520 Allison Pointe Blvd. The seller of the 170,000-square-foot complex, Sun Life Assurance Co. of Canada, was represented by Rebecca Wells, Jim Postweiler and John Robinson of JLL. The buyer represented itself.
-JLL has been hired by USAA Real Estate Co. as leasing manager for Lake Pointe Center III and Lake Pointe Center IV at 8470 and 8520 Allison Pointe Blvd. JLL's Kevin Gillihan and Eric Pryor will handle leasing at the 170,000-square-foot office complex.
-Emporium LLC leased 40,980 square feet at River Ridge Plaza, 2100 Scatterfield Road, Anderson. The tenant was represented by Tracey Holtzman of Midland Atlantic Properties. The landlord, Sandor, was represented by Jeff Roberts of Sandor.
-CDI renewed its lease for 12,106 square feet at 11900 N. Meridian St. The tenant was represented by Tim Norton of Cushman & Wakefield/Summit. The landlord, Cornerstone Companies Inc., represented itself.
-Circle City Martial Arts & Fitness leased 6,591 square feet at 6107 Airport Blvd., Building 106, Mount Comfort. The tenant was represented by Joe Lonnemann of NAI Meridian Real Estate LLC. The landlord, The Peterson Property Group LLC, was represented by Matt Langfeldt, Rich Forslund and Jason Speckman of Cushman & Wakefield/Summit.
-AFC Enterprises d/b/a Popeyes Louisiana Kitchen leased a 5,480-square-foot building at 6161 E. 82nd St. The tenant was represented by Steve Delaney and Larry Davis of Sitehawk Retail Real Estate. The landlord, Huffer Holdings LLC and SunTrust Bank, was represented by Jeff Hubley and Patrick Boyle of Midland Atlantic Properties.
-McGilvery’s Tap House leased 4,260 square feet at Greenbrook Shoppes, 8249 U.S. 31 South. The tenant was represented by John Schick of Schick Properties. The landlord, Williams Realty Nine LLC, was represented by Larry Davis and John Baker of Sitehawk Retail Real Estate.
-American Mattress leased 3,313 square feet at Fishers Marketplace, 131st Street and State Road 37, Fishers. The tenant was represented by David Lucas of Julius M. Feinblum Real Estate Inc. The landlord, Thompson Thrift Development, was represented by Ryan Menard of Thompson Thrift.
-TKO Taekwondo leased 2,560 square feet at Greenbriar Shopping Center, 1315 W. 86th St. The landlord, Prime Property Investors Fund VIII, was represented by Keith Fried of Sitehawk Retail Real Estate. The tenant represented itself.
-The Urban Chalkboard leased 2,529 square feet at The Carmel Marketplace, 452 E. Carmel Drive, Carmel. The tenant was represented by Tracey Holtzman of Midland Atlantic Properties. The landlord, Buckingham Fountains LLC, was represented by Gary Perel of Newmark Knight Frank Halakar.
-9 Dragons Distribution leased 2,400 square feet at Centre East Shopping Center, 10537 E. Washington St. The landlord, Centre East LLC, was represented by Dean Almas of Sitehawk Retail Real Estate. The tenant represented itself.
-State Farm leased 1,600 square feet at 6335 Intech Commons Drive. The landlord, Inland American Management LLC, was represented by Jeff Hubley of Midland Atlantic Properties. The tenant represented itself.
-Menchies Frozen Yogurt leased 1,600 square feet at 2683 E. Main St., Suite 108, Plainfield. The tenant was represented by Jeff Hubley of Midland Atlantic Properties. The landlord, Plainfield Commons II LLC, was represented by Liz Yoho of Providence Development LLC.
-Total Home Design Center leased 1,600 square feet at Meridian Meadows, 3003 Meridian Meadows Road, Greenwood. The landlord, TCP Meridian Meadows LLC, was represented by Keith Fried of Sitehawk Retail Real Estate. The tenant represented itself.
-Dottie Couture leased 1,340 square feet at The Depot at Nickelplate, 8594 E. 116th St., Fishers. The tenant was represented by Allison Hawley of Niessink Commercial Real Estate. The landlord, Fishers Owners LLC, was represented by Steve Delaney and Keith Fried of Sitehawk Retail Real Estate.
Chicago-based Cortland Capital Market Services, which has $40 billion in assets under administration, has begun hiring for a variety of financial positions. The Indiana Economic Development Corp. has agreed to provide Cortland up to $1.8 million in tax credits.
A lawsuit filed by two paper companies and an Indianapolis resident seeks to invalidate a city agreement with Covanta to build a $45 million recycling center.
