Indy not ready for another big hotel, experts say
Speculation is deemed premature despite rising occupancy rates.
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Penn Arts owner buys historic apartment building
The Piccadilly, at 16th and Pennsylvania streets, will undergo a historically sensitive renovation of its 58 units.
Commuter lines expand with Carmel, Fishers shuttles
The Central Indiana Regional Transportation Authority has announced fares for a new reverse-commute shuttle-bus service from park-and-ride lots in Carmel and Fishers. The service begins Monday.
Apartment developer snags historic Piccadilly Place
A group led by developer Christopher Piazza has acquired the Piccadilly Apartments at 28 E. 16th St. and is planning a renovation of the 1928 building.
DIRECTORY: Residential Design Companies
Arteffects Inc. — Architectural Interiors 4420 N. Meridian St., 46208 (317) 927-0000 Professional interior designers: 2 Other professionals: 1 Services: cost-effective design that enables a desired lifestyle or business operation to occur in inspiring, purposeful ways Head(s) of local operations: Wayne Olander, president and design director Owner(s): Wayne Olander Headquarters city: Indianapolis Year established locally: […]
ESPN pleased with Pan Am Plaza broadcast decision
The sports network originally considered broadcasting from Monument Circle, but chose the plaza because the location has Lucas Oil Stadium as an ideal backdrop.
Walgreen marks retailers’ push into health care
Health care reform is projected to cover 30 million more people with health insurance—and overwhelm the nation’s doctors. That’s why retailers like Walgreen and Wal-Mart are moving into the space in a big way.
Fisher’s IndyCar team building headquarters in Speedway
Sarah Fisher Hartman Racing plans to build a $2.7 million facility on Speedway’s new Main Street to house her race team. Construction on the 37,000-square-foot shop could start in February and be finished in September.
Leasing/leasing contracts
-David A. Noyes & Co. leased 38,880 square feet at One West in Parkwood West, 250 W. 96th St. The tenant was represented by Bill Ehret of Summit Realty Group. The landlord, Duke Realty, represented itself.
-Universal Recycling Technologies leased 25,600 square feet in Park 100 Building 59, 8002-42 Woodland Drive. The tenant was represented by Bill Drinkall of NAI Harding Dahm. The landlord, Duke Realty, was represented by Duke’s Glenn Davis.
-Quick Ship Brands leased 19,181 square feet in Park Fletcher Building 39, 2910 Fortune Circle West. The tenant was represented by Chris Black of CBRE. The landlord, Duke Realty, was represented by Duke’s Glenn Davis.-Cascade Asset Management leased 15,672 square feet in the Mitchell Building at AmeriPlex, 5125 Decatur Blvd. The tenant was represented by Kelly Williams of Cassidy Turley. The building owner, Holladay Properties, was represented by Matt Dickerson of Jones Lang LaSalle and Dan Phair of Holladay Properties.
-Goodwill Industries of Central Inc. leased 15,075 square feet at Geist Pavilion, 11501 Geist Pavilion Drive, Fishers. The tenant was represented by Bill French of Cassidy Turley. The landlord, 116th & Olio LLC, was represented by Jeff Wright of Kite Realty Group.
-Exodus leased 12,000 square feet of space at Circle City Industrial Complex, 1125 Brookside Ave. The landlord, National Bank of Indianapolis, was represented by Ashley Bussell, Ralph Balber and Conrad Jacobs of Newmark Knight Frank Halakar. The tenant represented itself.
-IDI Composites International leased 9,750 square feet of space at 3477 E. Conner St., Noblesville. The tenant was represented by Walter Freihofer of Freihofer Inc. The landlord, Kahlo III LLC, was represented by Bob Lindgren of Lee & Associates.
-Boom Bozz Pizza & Tap House leased 5,554 square feet at Cool Creek Commons, 2454 E. 146th St., Carmel. The landlord, Westfield One LLC, was represented by Andrew Hasbrook of Kite Realty Group. The tenant represented itself.
-Dynamique Auto Dealer Services Inc. leased 3,547 square feet at Fidelity Plaza Tower II,11350 N. Meridian St., Carmel. The tenant was represented by Brooke Augustin of Alliance Commercial Real Estate. The landlord, HUB Properties GA LLC, was represented by Matt Waggoner and Tom Hadley of Summit Realty Group.-Dibella’s Subs leased 3,200 square feet at Traders Point II, 5640 W. 86th St. The tenant was represented by Kyle Hughes of Veritas Realty. The landlord, Kite West 86th Street II LLC, was represented by Andrew Hasbrook of Kite Realty Group.
-Hycore Biomedical Inc. subleased 3,109 square feet in Keystone Office Park, 3021 E. 98th St. The sublessee was represented by Tim Hull of CB Richard Ellis. The sublessor, St. Jude Healthcare, was represented by Brooke Augustin of Alliance Commercial Real Estate.
-The Web Guys leased 3,073 square feet of office space at SePRO Tower, 11550 N Meridian St., Carmel. The landlord, SePRO Corp., was represented by Bill Ehret and Alex Cantu of Summit Realty Group. The tenant represented itself.
-Apezza Pizza has expanded its lease to 2,420 square feet at Fall Creek Harbour Shoppes, 10150 Brooks School Road, Fishers. The landlord, FCH Associates LLC, was represented by Cindy Hoskinson and Herb Feldmann of Lee & Associates. The tenant represented itself.
-FCStone, LLC leased 2,300 square feet at 1155 Parkway Drive, Zionsville. The tenant was represented by Leslie Bonacker of CresaPartners. The landlord, Southpark Investments LLC, was represented by Tammy Kelly of RE/MAX Ability Plus Commercial Division.
-TeaBuds Brewing Co. leased 975 square feet of retail space in Old Town on The Monon, 111 W. Main St., Carmel. The landlord, Barrett & Stokley, was represented by Bart Jackson of Lee & Associates. The tenant represented itself.
Jack in the Box revives local expansion push
The burger chain has applied for zoning approval to build a restaurant near 16th and Meridian streets, just south of CVS drugstore. It would be one of 10 stores it plans to open here.
TRAVEL: Heading south of the border again and again
Katrina and I have made more trips (10) to Mexico and traveled to more cities and towns there (35) than we have to any other foreign country in the last 12 years.
GM site ripe for manufacturing or a judicial center
The Urban Land Institute panel’s plan for the General Motors plant site ignores some realities in favor of presenting a relatively predictable New Urbanism redevelopment plan.
EARLY: Don’t underestimate our National Guard
The Indiana Guard Ranger Company served intact in the Vietnam War and earned more medals in 1969 than any U.S. Army company in a one-year period.
Leases/leasing contracts
-Hibachi Grill leased 11,200 square feet at Greenwood Place at U.S. 31 and Shelby Street. The tenant was represented by Jodi Milto of Midland Atlantic. The landlord, The Broadbent Co., was represented by Jeff Roberts of Broadbent.
-Living Word Fellowship Inc. leased 10,350 square feet of office space at KeithLynn Business Complex, 8641 E 30th St. The tenant and landlord, KeithLynn Properties, were represented by Tammy Kelly of Re/Max Ability Plus Commercial.
-Hope Source leased 6,993 square feet at 7745 E. 86th St. The tenant was represented by Matt Jackson of Ambrose Property Group. The landlord, East 88th Street Partnership LLC, was represented by John Demaree and Matt Waggoner of Summit Realty Group.
-WorkOne leased 6,002 square feet of retail space at Plainfield Village, 160 Plainfield Village Drive, Plainfield. The tenant was represented by Shannon Hicks of CB Richard Ellis. The landlord, The Broadbent Co., was represented by Jeff Roberts of Broadbent.
-Sutliff Construction leased 5,200 square feet of industrial space at 1440 Sunday Drive. The tenant and landlord, Schoolcraft LLC, were represented by Mike Medlock and Rick Jones of Lee & Associates.
-M&I Bank renewed its lease for 3,500 square feet at North Willow Mall, 2260 W 86th St. The landlord, Township 86th Development Co. LP, was represented by Keith Fried of Sitehawk Retail Real Estate. The tenant represented itself.
-Massage Envy leased 3,200 square feet of retail space at Fishers Corner, 11680 Commercial Drive, Fishers. The tenant was represented by Tracey Holtzman of Midland Atlantic. The landlord, Sena Properties, was represented by Jacque Haynes of Cassidy Turley.
-SalonCentric leased 2,800 square feet of retail space at Washington Corner, 9912-9994 E. Washington St. The tenant was represented by Larry Davis of Sitehawk Retail Real Estate. The landlord, The Broadbent Co., was represented by Jeff Roberts of Broadbent.
-Hearthstone Coffee House leased 2,800 square feet of retail space at Fishers Town Commons, 8211 and 8235 E. 116th St., Fishers. The tenant was represented by Bob Roby of Prudential. The landlord, The Broadbent Co., was represented by Brian Broadbent.
-Brookshire Management, Inc., dba Carefree WorldTravel, leased 2,482 square feet of office space at 8650 Commerce Park Place. The tenant was represented by Chris Carmen and Nick Carmen of Carmen Commercial Real Estate. The landlord, Dhillon Commerce Park LLC, was represented by Darrin Boyd and Dave Moore of Cassidy Turley.
-King Laundry leased 1,842 square feet at Greenwood Shoppes, U.S. 31 and Fry Road, Greenwood. The landlord, The Broadbent Co., was represented by Jeff Roberts of Broadbent. The tenant represented itself.
-J&K Tire leased 1,800 square feet of retail space at 3806 S. Madison Ave. The landlord, Armtrust LLC IV, was represented by Ron Mannon of Lee & Associates. The tenant represented itself.
-Happy Dragon Asian Carry Out leased 1,635 square feet of retail space at Fishers Corner, 11670 Commercial Drive, Fishers. The landlord, Sena Properties, was represented by Jacque Haynes of Cassidy Turley. The tenant represented itself.
-Amy’s PJs leased 1,400 square feet of retail space at Clearwater Shoppes, 3809-3981 E. 82nd St. The landlord, The Broadbent Co., was represented by John Beuoy of Broadbent. The tenant represented itself.
-Pounds and Inches Away leased 1,200 square feet of retail space at Castleton Shoppes, 6024-6066 E. 82nd St. The landlord, The Broadbent Co., was represented by John Beuoy of Broadbent. The tenant represented itself.
-Law Office of Mark A. Reder leased 1,021 square feet of office space at 870 Virginia Ave. The landlord, the Leone Family Living Trust, was represented by Sandra Jarvis of IndySQUARED Commercial Real Estate. The tenant represented itself.
Sales/acquisitions
-DP Holdings LLC bought a 214,414-square-foot building at 401 Enterprise Blvd., Lebanon. The price wasn’t disclosed. The seller, MI Windows and Doors Inc., was represented by Patrick B. Lindley of Cassidy Turley and Jay Archer of Duke Realty. The buyer represented itself.
-3202 South East Street LLC bought an 8,000-square-foot retail center at 3202 S. East St. The price wasn’t disclosed. The buyer was represented by Ross Reller of Colliers International. The seller, Kin Properties, was represented by Stephen Daum of Summit Realty Group.
-Diversity Lawncare Inc. bought a 3,400-square-foot industrial building with a 24,800-square-foot lot at 4602 E. 16th St. The price wasn’t disclosed. The buyer was represented by Barrett Real Estate. The seller, Fifth Third Bank, was represented by Harvey Levin and Andrew Schrage of Coldwell Banker Commercial Realty Services.
Indy taco-truck business rolling into other cities
West Coast Tacos, which led a mobile culinary trend in Indianapolis last summer, plans to expand into Carmel and Fishers, as well as Bloomington and West Lafayette, in the next few months.
IHOP adding several restaurants
The chain is trying to regain a foothold in central Indiana with two locations under construction and at least three more in the works.
City kicking in $5M toward reuse plan for Bush Stadium
City officials are sharing new details of a plan to redevelop Bush Stadium into more than 250 apartment units, while preserving the stadium's façade.
IHOP adding new restaurants
The IHOP restaurant chain is trying to regain a foothold in central Indiana with two new locations under construction and at least three more in the works.