An extended retail roundup
Restaurants and retailers are making moves in Indianapolis, Avon, Carmel and Shelbyville.
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Articles
Simon biding its time after failed bid for rival
Analysts predict Simon Property Group Inc. will pay off debt and wait patiently for its next opportunity after withdrawing
separate offers to either acquire General Growth Properties or finance its exit from bankruptcy. A New York judge had endorsed
a rival plan that allows General Growth to stay independent.Leasing/leasing contracts
-Case New Holland renewed its lease on an 842,000-square-foot distribution center at 400 S. Enterprise Drive and a 250,000-square-foot assembly facility at 420 S. Enterprise Drive in the Lebanon Business Park. The tenant was represented by Rick Suja of Summit Realty Group and Chris Porter of Cushman & Wakefield. The landlord, Duke Realty, represented itself.
-Bishop Steering Technology Inc. renewed its 28,000-square-foot lease at 8802 Bash St. in the Northeast Business Center. The tenant was represented by Steve Beals of Grubb & Ellis Harding Dahm & Co. The landlord, Westminster Northeast LLC, was represented by Todd Vannatta of Cassidy Turley.
-Little Miracles Inc. leased 5,330 square feet at 5615 W. 22nd St. Don Ballard of Grubb & Ellis Harding Dahm & Co. represented the landlord, Community Bank of Raymore, and the tenant.
-Indiana Family Health Council Inc. leased 4,000 square feet at Jackson Square, 233 McCrea St. The tenant was represented by George Crawford of Meridian Real Estate. The landlord, One Jackson Square Associates, was represented by Ralph Balber and Ashley Bussell of Halakar Real Estate.
-Karia LLC, doing business as Hot Cakes Emporium, leased 3,805 square feet at Greenbriar Shopping Center, 8555 Ditch Road. Nick Smyrnis of Grubb & Ellis Harding Dahm & Co. represented the landlord, Prime Property Investors, and the tenant.
-Sling Shot SEO leased 3,157 square feet at 8900 Keystone Crossing. The tenant was represented by Bennett Williams of Cassidy Turley. The landlord, Philadelphia-based BPG Properties Ltd., was represented by John R. Robinson and Abby L. Cooper of Jones Lang LaSalle.
-EPSI Masking Co. leased 2,700 square feet at 8102-2176 Zionsville Road in Park 100. The tenant was represented by Ryan Kelly of Summit Realty Group. The landlord, ProLogis, was represented by Brett Spitzer of NAI Olympia Partners.
-Reliable Water Services LLC leased 2,600 square feet at Hague Business Center, 7747 E. 89th St. The tenant was represented by Don Ballard and Stan Elser of Grubb & Ellis Harding Dahm & Co. The landlord, HBC Co. LLC/Levi Investment Realty, represented itself in the transaction.
-Gigi’s Cupcakes leased 1,401 square feet at Fashion Mall Commons, 8487 Union Chapel Road. The tenant was represented by Tom English and Larry Davis of Sitehawk Retail Real Estate. The landlord, Fashion Mall Commons I LP, was represented by John Bueoy of The Broadbent Co.General Growth still backing Brookfield despite new Simon bid
General Growth Properties Inc. rejected Simon Property Group Inc.’s “best and final” offer.
Simon Property makes ‘final’ General Growth offer
Simon Property says its latest offer is worth $6.5 billion, or $20 a share, for General Growth. It had last offered $18.25
a share.MARCUS: Use creativity to lure crowds to cities
The experience of the Vera Bradley Outlet Sale proved again that American businesses can be successful if they offer products
consumers want.General Growth hearing delayed as Simon makes new bid
General Growth said the hearing before U.S. Bankruptcy Judge Allan Gropper has been moved from Wednesday to Friday.
Simon Property steps up fight for General Growth
The latest proposal is the Indianapolis-based company’s third attempt to buy or gain a piece of the No. 2 mall owner.
General Growth backs new Brookfield plan over Simon offer, source says
General Growth Properties Inc. plans to back a revised bankruptcy exit plan proposed by Brookfield Asset Management Inc. over
a competing offer by Simon Property Group Inc.Blackstone may join General Growth plan, Simon says
Simon Property Group and Blackstone Group LP are in “ongoing discussions” for an investment in General Growth after the mall
operator turned down a $10 billion takeover bid from Simon in February, CEO David Simon said.General Growth hearing delayed to weigh bids
General Growth Properties Inc., the second-biggest U.S. mall owner, said a bankruptcy court hearing on its auction process
will be delayed five days to give the company time to consider competing bids, including one from Indianapolis-based Simon
Property Group.Simon adds $1.1B to General Growth proposal
Simon Property Group Inc. added four backers to its proposal to help rival mall owner General Growth Properties Inc. emerge
from bankruptcy, increasing the plan’s total investment by $1.1 billion.Simon’s General Growth plan ‘crazy,’ fund manager says
Bid to invest in General Growth Properties would give Simon too much control over its biggest competitor, said
fund manager Bruce Berkowitz, who’s backing a rival plan.General Growth seeks better offer than Simon’s
General Growth Properties Inc. is seeking a higher price, fewer stock warrants or both from Brookfield Asset Management Inc.
after its bankruptcy exit plan was matched by Simon Property Group Inc.MAURER: Local diva enlightens opera
Angela Brown has a voice that reaches extraordinary heights from roots that are set deep in Hoosier soil. She is a diva with a heart as big and as soft as her magnificent voice.
Leasing/leasing contracts
-The Vineyard Community Church renewed its lease for 20,800 square feet at Two Metroplex, 8383 Craig St. The landlord, Two Metro LLC, and tenant were represented by Ted McClure of McClure Commercial and Industrial Real Estate.
-Los Compadres Supermarket leased 18,000 square feet at Castleton Village, 82nd and Craig streets. The landlord, The Broadbent Co., was represented by Broadbent’s Jeff Roberts. The tenant represented itself.
-The Consultants Consortium Inc. leased 8,074 square feet of office space at Landmark Center, 1099 N. Meridian St. The tenant was represented by Brooke Augustin of NAI Olympia Partners. The landlord, Landmark Ventures LLC, was represented by John Vandenbark of CB Richard Ellis.
-CDC Logistics Inc. leased 6,906 square feet at 4625 W. 86th St. The tenant was represented by Joe Lonnemann and Matt Jackson of Halakar Real Estate. The landlord, North by Northwest AB Biynah LLC, was represented by Michael Weishaar and Todd Vannatta of Cassidy Turley.
-Upscale Resale Gallery leased 3,545 square feet at Raceway Crossing, Rockville and Raceway roads, Avon. The tenant was represented by Jodi Milto of NAI Olympia Partners. The landlord, The Broadbent Co., was represented by Broadbent’s Brian Broadbent.
-Wild Ginger leased 3,200 square feet at Fishers Town Commons, 116th Street and Fishers Pointe Boulevard, Fishers. The tenant was represented by Wayne O’Hara of Sitehawk Retail Real Estate. The landlord, The Broadbent Co., was represented by Broadbent’s Brian Broadbent.
-River of Life Church leased 2,040 square feet at Castleton Marketplace, 8421 Castleton Corner Drive. The landlord, Castleton Square Marketplace LLC, and tenant were represented by Jeff Hubley of Midland Atlantic.
-Donato’s leased 2,000 square feet at 2205 E. Conner St., Noblesville. The landlord, SEG Realty LLC, and tenant were represented by Jeff Hubley of Midland Atlantic.
-Parthenon leased 2,000 square feet at North Willow Commons, 86th Street and Ditch Road. The tenant was represented by Hamada Ibrahim of Urban Space Commercial Properties. The landlord, The Broadbent Co., was represented by Broadbent’s Ray Bunes.
-Marco’s Pizza leased 1,721 square feet at Geist Landing, 11689 Olio Road, Fishers. The tenant was represented by Steve Delaney of Sitehawk Retail Real Estate. The landlord, Geist Landing of Fishers LLC, was represented by Carrie Thrift of Thompson Thrift.
-FileWave USA Inc. leased 1,626 square feet of office space at 10735 Sky Prairie St., Fishers. The landlord, BBQ I LLC, was represented by Darrin L. Boyd and David A. Moore of Cassidy Turley. The tenant represented itself.
-Game Preserve leased 1,600 square feet at Fashion Mall Commons, 86th Street and Union Chapel Road. The tenant was represented by Robyn Smart of CB Richard Ellis. The landlord, The Broadbent Co., was represented by Broadbent’s John Beuoy.
-Fat Atom, an Internet marketing firm, leased 1,600 square of office space at 12 W. Main St., Carmel. The tenant was represented by Graham Summers of Jones Lang LaSalle. The landlord, Breakfast Club LLC, was represented by Tom McHaffie.
-Attorney Gregg S. Gordon leased 1,460 square feet of office space at Fall Creek Harbour Shoppes, 10142 Brooks School Road, Fishers. The landlord, McKinley Inc., and tenant were represented by Cindy Hoskinson and Herb Feldmann of Grubb & Ellis Harding Dahm & Co.
-Beacon Psychology Services LLC leased 1,350 square feet at 11495 N. Pennsylvania St., Carmel. The tenant was represented by Joe Lonnemann and Matt Jackson of Halakar Real Estate. The landlord, Zeller Management Corp., was represented by Zeller’s Tristan Glover.
-American Family Insurance leased 1,334 square feet of office space at Fall Creek Harbour Shoppes, 10142 Brooks School Road, Fishers. The landlord, McKinley Inc., and tenant were represented by Cindy Hoskinson and Herb Feldmann of Grubb & Ellis Harding Dahm & Co.
-Marsha’s Specialty Desserts & Tierney’s Catering leased 600 square feet at 10834 E. U.S. Highway 36, Avon. The tenant was represented by David Simons of Velocity Real Estate. The landlord, R&M Capitol, was represented by Chris Hake and Tony Orlando of Thompson Thrift.
ALTOM: Going green here may not be going green there
The idea behind the green office is to have a slightly smaller damaging
effect on the environment in general. That sounds great, but I never forget that you can’t make ripples in only one part of a pond.General Growth’s bankruptcy plan makes room for Simon
The provision would give General Growth time to explore a takeover bid from Simon Property Group Inc., whose $10 billion offer
was turned down by its rival in February. Simon is preparing a new bid, according to a person with knowledge of that plan.IBJ honored for Simon and Durham stories, Web site
IBJ received three national journalism awards at the Society of American Business Editors and Writers’ annual conference March
20 in Phoenix.IBJ wins national journalism awards
IBJ received three national journalism awards at the Society of American Business Editors and Writers’ annual
conference on March 20 in Phoenix.