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Articles

Unfinished River North commands top rents, boosts Keystone office market

August 2, 2016

Still under construction, PK Partners’ 102,000-square-foot office building near The Fashion Mall is already entirely pre-leased. Its performance further juices the area’s in-demand office sector.

UPDATE: Abercrombie & Fitch closes most Indiana stores as sales drag

January 26, 2016

Struggling retailer Abercrombie & Fitch has closed four of its five stores in Indiana, including Indianapolis locations at Circle Centre and the Fashion Mall at Keystone.

Openings: B Spot Burger, Repeal, Scotty’s latest creation

July 16, 2015

Ironworks at Keystone will boast a new-to-Indy burger joint this month, as a tea shop pours into the nearby Fashion Mall. In Fletcher Place, the new restaurant Repeal harkens back to 1933.

Another clothing retailer files for bankruptcy

February 5, 2015

Cache Inc., which has a store in the Fashion Mall at Keystone, has filed for Chapter 11 protection and might liquidate its inventory. Simon Property Group is the retailer’s largest creditor.

UPDATE: Tax break sought on $11M Keystone Crossing building

December 1, 2014

The office building is part of a planned 15-acre development near the Fashion Mall that includes offices, apartments, a hotel and retail space. The Gene B. Glick Co. is a possible tenant.

Leases/leasing contracts

August 18, 2014

-La-Z Boy Furniture leased 20,040 square feet at Clearwater Crossing, 3736-3958 E. 82nd St. The landlord, The Broadbent Co., was represented by Joe Kenney of Broadbent. The tenant represented itself.

-TwinMed LLC leased 11,470 square feet of office space at 6625 Network Way. The tenant was represented by Yumi Goodman of Colliers International. The landlord, Network Way Properties LLC, was represented by Kevin Gillihan of JLL.

-Wings Etc. leased 4,748 square feet 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.

-Integrated Health Solutions Inc. leased 2,454 square feet at 6330 E. 75th St. The tenant was represented by Matt Jackson of Jackson IG LLC. The landlord, Metro Centre Office Park LLC, was represented by Bennett Williams and Todd Vannatta of Cassidy Turley.

-Quality Applied Systems Inc. leased 2,419 square feet at 6330 E. 75th St. The tenant was represented by Matt Jackson of Jackson IG LLC. The landlord, Metro Centre Office Park LLC, was represented by Bennett Williams and Todd Vannatta of Cassidy Turley.

-Hamilton County Pediatric Dentistry LLC leased 2,169 square feet at 13450 N. Meridian St., Carmel. The tenant was represented by Matt Jackson of Jackson IG LLC. The landlord, LHRET Ascension SV LLC, was represented by Lillebridge Healthcare Services Inc.

-Steven J. Shear DDS leased 2,078 square feet at 9002 N. Meridian St. The tenant was represented by Matt Jackson of Jackson IG LLC. The landlord, PHT Lakeview LLC, was represented by Travis Tucker of Duke Realty.

-Style Encore leased 3,260 square feet at Greenwood Place, 7759-7921 U.S. 31 South. The landlord, The Broadbent Co., was represented by Joe Kenney of Broadbent. The tenant represented itself.

-Premier Pharmacy leased 1,625 square feet at Fishers Town Center, 8395 E. 116th St., Fishers. The landlord, The Broadbent Co., was represented by Brian Broadbent. The tenant represented itself.

-Ooh LaLa Nail Spa leased 1,600 square feet at Fashion Mall Commons, 8487 Union Chapel Road. The landlord, The Broadbent Co., was represented by John Beuoy of Broadbent. The tenant represented itself.

-R&A Fashions leased 1,200 square feet at Lafayette Shoppes, 3840-3882 Lafayette Road. The landlord, The Broadbent Co., was represented by Jim Mosher of Broadbent. The tenant represented itself.

Construction

September 16, 2013

-TMG Construction Management Inc. has begun construction of an 861-square-foot Chipotle Mexican Grill in the Fashion Mall at Keystone at the Crossing.

-Capitol Construction has completed a 1,750-square-foot retail build-out for Starbucks at 13844 Olivia Way, Fishers.

-Capitol Construction has completed a 925-square-foot retail build-out for Dottie Couture at 8555 River Road.

Roundup: True Religion, Shoppers World, TaTa

March 6, 2013

Another top fashion name is joining The Fashion Mall at Keystone, a giant discount retailer is expanding its local footprint, and a few new pizza restaurants are planned for the area.

Leases/leasing contracts

October 1, 2012

-Connecticut Electric Inc. leased 33,500 square feet of industrial space at 1819 W 38th St., Anderson. The tenant and landlord, Duo Co., were represented by Thomas Willey of Willey Commercial Real Estate.

-Mini Blessings Childcare Ministry leased 12,000 square feet at Emerson Way Shopping Center, 5410 Emerson Way. The tenant was represented by Joe Lonneman of Ambrose Property Group. The landlord, Emerson Way LLC, was represented by Tracey Holtzman of Midland Atlantic Properties.

-Half Price Books leased 8,800 square feet at Clearwater Village, 4611-4737 E. 82nd St.  The tenant was represented by Dawn Lyon of Site Link Commercial Realty. The landlord, Broadbent Co., was represented by John Beuoy of Broadbent.

-Horizon Bank leased 7,040 square feet of office space at 117 E. Washington Street, Indianapolis. The tenant was represented by John Crisp of Cassidy Turley. The landlord, The Broadbent Co., was represented by Josh Broadbent.

-Prime Lending leased 6,216 square feet of office space at 50 E. 91st St. The tenant was represented by Bennett Williams of Cassidy Turley. The landlord, Sourwine Real Estate Services, was represented by Andrew Martin of Cassidy Turley.

-Transition Resources Corp. leased 3,800 square feet of office space at 600 Corporation Drive, Pendleton. The tenant and landlord, Tower Pendleton LLC, were represented by Thomas Willey of Willey Commercial  Real Estate.

-Accelerated Health Systems LLC leased 3,545 square feet at Raceway Crossing, 10934-10976 E. U.S. 36, Avon.  The tenant was represented by Jonathan Sharp at HSA Commercial Real Estate.  The landlord, Broadbent Co., was represented by Brian Broadbent.

-ATI Physical Therapy leased 3,305 square feet of retail space at 433 N. Capitol Ave. The tenant was represented by John Crisp of Cassidy Turley. The landlord, American United Life Insurance Co., was represented by Jacque Haynes and Don Williams of Cassidy Turley.

-Detour American Grille Express leased 3,200 square feet at Fashion Mall Commons, 8487 Union Chapel Road. The tenant was represented by Rob Warstler at Colliers International. The landlord, Broadbent Co., was represented by John Beuoy of Broadbent.

-Bi Qin Shao leased 3,154 square feet at Pyramid Place Shoppes, 3502  W. 86th St. The tenant was represented by Jeff Hubley of Midland Atlantic Properties. The landlord, Centre Properties, was represented by Dean Almas of Sitehawk Retail Real Estate.

-Snap MyLife Indianapolis leased 2,917 square feet of office space at 8335 Allison Pointe Trail. The tenant was represented by David Black of Cresa Partners. The landlord, TIC Properties Management LLC, was represented by Bryan Miller of Cassidy Turley.

-Get Real Sports Sales leased 2,695 square feet of office space at 550 Congressional Blvd., Carmel. The tenant was represented by John Crisp of Cassidy Turley. The landlord, Trigild, was represented by Rich Forslund of Summit Realty Group.

-Fugi Foot Spa leased 2,400 square feet at Greenwood Place, 7551-7747 S. Shelby St. The tenant was represented by Itamar Cohen of Indiana Realty Group.  The landlord, Broadbent Co., was represented by Josh Broadbent.

-MOD Salon leased 2,334 square feet at Clearwater Shoppes, 3809-3981 E. 82nd St. The landlord, Broadbent Co., was represented by John Beuoy of Broadbent. The tenant represented itself.

-Boost Mobile leased 1,737 square feet at Georgetown Plaza, 4825-4959 W. 38th St. The landlord, Broadbent Co., was represented by Brian Broadbent. The tenant represented itself.

-Pyone Cho Asia Market leased 1,600 square feet of retail space in Greenbriar Shopping Center, 1321 W. 86th St. The landlord, Prime Property Investors Fund VIII LP, was represented by Bart Jackson of Lee & Associates. The tenant represented itself.

-Frame and Save leased 1,400 square feet at Castleton Point, 5305-5499 E. 82nd St. The landlord, Broadbent Co., was represented by John Beuoy of Broadbent. The tenant represented itself.

-Whisper Hearing Center leased 1,368 square feet of office space in Smith Valley Professional Center, 1700 W. Smith Valley Road, Greenwood.  The tenant was represented by Stephen Adams and Riley Faulk of Hokanson Cos. The landlord, Smith Valley Investment LLC, was represented by Cathy Richards of Lee & Associates and Keith Turnbill of RE/MAX Select.

-Holy Family Books & Gifts leased 1,280 square feet at Carmel Walk Shopping Center, 1327 S. Rangeline Road, Carmel. The landlord, The Fineberg Group LLC, was represented by Patrick Boyle of Midland Atlantic Properties. The tenant represented itself.

Check out new rendering of the $20M Ironworks project

June 6, 2012

A Wisconsin developer has scaled up its plans for the southwest corner of East 86th Street and Keystone Avenue across from The Fashion Mall at Keystone.

Developer ups retail ambitions for 86th-and-Keystone site

May 31, 2012

A Wisconsin developer has beefed up plans for the southwest corner of East 86th Street and Keystone Avenue across from The Fashion Mall at Keystone.

Leases/leasing contracts

May 25, 2012

-Echo Engineering & Production leased 29,200 square feet of industrial space at 5406-5456 W. 78th St. The tenant was represented by Fritz Kauffman of Cassidy Turley. The landlord, Kensington Realty Advisors, was represented by Jay Archer of Duke Realty Corp.

-Brickhouse, a Zumba/workout facility, leased 15,000 square feet at 4407 Lafayette Road. The tenant was represented by Jacque Haynes of Cassidy Turley. The owners, Woodrow J. and Betty Lane, were represented by Wayne O’Hara of Sitehawk Retail Real Estate.

-Domestic Linen Supply Co. Inc. leased 8,156 square feet of industrial space at 8802 Bash St. The tenant was represented by J.D. Graves of CB Richard Ellis. The landlord, Westminster Northeast LLC, was represented by Todd Vannatta and Bryan Miller of Cassidy Turley.

-Indiana Oral and Maxillofacial Surgery Associates leased 6,002 square feet of office space at 8140 Knue Road. The landlord, NorthStar Realty Finance Corp., was represented by Dave Moore and Darrin Boyd of Cassidy Turley. The tenant represented itself.  

-Northeast Oral and Maxillofacial Surgery renewed its lease for 5,100 square feet at 9860 Westpoint Drive. The tenant was represented by Mike Napariu of REI Real Estate Services LLC. The landlord, Crosspoint Partners LLC, represented itself.  

-Greater Indianapolis Literacy League leased 2,620 square feet at 911 Massachusetts Ave. The tenant was represented by Cam Kucic and Jeff Merritt of Summit Realty Group. The landlord, Fennmass LLC, was represented by Katie Sobotowski of Summit Realty Group.

-Accelerated Health Systems leased 2,500 square feet at Brandywine Plaza, 1563 N. State St., Greenfield. The tenant was represented by Jonathan Sharp of HSA Commercial Real Estate. The landlord, SR 9 Development LP, was represented by Larry Davis and John Baker of Sitehawk Retail Real Estate.

-Indy ProCare Physical Therapy leased 2,000 square feet of medical office space at Greenbrooke II, 747 E County Line Road, Suite A, Greenwood. The tenant was represented by Milton McGinty of The Facilities Group. The landlord, GWA Wheatcraft LLC, was represented by John Cunningham of Allen Commercial Group, an affiliate of GWA Wheatcraft.

-Hot Mama, a women’s fashion boutique, leased 1,882 square feet at the Fashion Mall, 8702 Keystone Crossing. The tenant was represented by Steve Delaney of Sitehawk Retail Real Estate. The landlord, SDG Fashion Mall Limited Partnership, was represented by John Steen of Simon Property Group.

-Guardsmark renewed its lease for 1,750 square feet of office space in Auburn Woods Park, 9640 Commerce Drive No. 421, Carmel. The landlord was represented by Sandor Development.  The tenant represented itself.

-Deeper Life Bible Church leased 1,200 square feet of retail space at 6999 North Michigan Road, Unit B. The landlord was represented by Drew Kelly of Sandor Development. The tenant represented itself.

-Lavish Nail Design leased 662 square feet of retail space at Esquire Plaza, 8213 Pendleton Pike. The landlord was represented by Jeff Roberts of Sandor Development. The tenant represented itself.

Construction

September 2, 2011

-Duke Realty has been hired to complete a 14,017-square-foot expansion of Delco Foods’ corporate headquarters and distribution facility at 4850 W. 78th St. in Park 100.

-DB Klain Construction has completed a 1,400-square-foot retail build out for Amy’s PJs in Clearwater Village, 3961 E. 82nd St.  

-Capitol Construction Services has completed an 808-square-foot build-out for The Art of Shaving in the Fashion Mall, 8702 Keystone Crossing.

Officer arrested on alcohol charge

August 19, 2011

An Indianapolis police officer was arrested Thursday for operating a vehicle while intoxicated. Witnesses say Kyle Fleck’s police car struck another parked car at the Keystone Crossing Fashion Mall about 7:30 p.m. A test showed he had a blood alcohol content of .07 percent about three hours after the accident, just below the legal limit of .08 percent. Fleck has been with the department since February 2010 and was not on duty at the time of the accident.
 

Leases/leasing contracts

July 15, 2011

-Chispas leased 19,260 square feet at Lafayette Shoppes, West 38th Street and Lafayette Road. The tenant was represented by Frank Swiss of The Swiss Group. The landlord, The Broadbent Co., represented itself.

-Affordable Furniture leased 6,895 square feet of retail space at Greenwood Shoppes, U.S. 31 and Fry Road, Greenwood. The tenant was represented by Tracey Holtzman of Midland Atlantic. The landlord, The Broadbent Co., represented itself.

-Webster Veterinary Supply leased 5,400 square feet of industrial space at 2462 S. West St. The tenant was represented by Jim Teskey of Cresa Partners. The landlord, Carter Truck Lines Inc., was represented by Bill Brennan of Lee & Associates.

-Nature’s Pharm leased 4,348 square feet of retail space at Castleton Place, 5836-5896 E. 82nd St. The landlord, The Broadbent Co., was represented by John Beuoy of Broadbent. The tenant represented itself.

-Ideal Image leased 3,200 square feet of retail space at Fashion Mall Commons, 8487 Union Chapel Road. The tenant was represented by Chris Wiley and Rob Warstler of Colliers International. The landlord, The Broadbent Co., was represented by John Beuoy of Broadbent.

-Protection One Alarm Monitoring leased 3,032 square feet of office space at 65 Airport Parkway, Suite 120. The tenant was represented by Jim Shook and Jon Hardy of Coldwell Banker Commercial Realty Services. The landlord, TDH Investments, was represented by Darrell Pike of Precedent Realty.

-Amicus Financial leased 2,711 square feet of office space at 8440 Woodfield Crossing Blvd. Cassidy Turley, acting as court-appointed receiver, was represented by Darrin Boyd and Dave Moore of Cassidy Turley. The tenant represented itself.

-Transformations Pilates Studio leased 2,228 square feet at Clearwater Crossing, 3800-3900 E. 82nd St. The tenant was represented by Brad King of Colliers International. The landlord, The Broadbent Co., was represented by John Beuoy of Broadbent.

-Ambassador Strategies leased 2,207 square feet of office space at 8606 Allisonville Road. The landlord, Castle Creek Office LLC, was represented by Gus Sevastianos and Brian Fitzgerald of Citimark Management Co. Inc. The tenant represented itself.

-Star Leasing leased 1,933 square feet at 11590 N. Meridian St., Carmel. The landlord, Fidelity Office Building II, L.P., was represented by Mike Napariu of REI Real Estate Services LLC.  The tenant represented itself.

-Technology Interiors leased 1,600 square feet of retail space at Fall Creek Harbour, 10130 Brooks School Road, Fishers. The tenant and landlord, FCH Associates Inc., were represented by Cindy Hoskinson and Herb Feldmann of Lee & Associates.

-Foxy’s Hair Studio leased 1,546 square feet of retail space at Plainfield Village, 160 Plainfield Village Drive, Plainfield. The landlord, The Broadbent Co., was represented by Jeff Roberts of Broadbent. The tenant represented itself.

-The French Seam leased 1,400 square feet of retail space at Clearwater Shoppes, 3800-3900 E. 82nd St. The tenant was represented by George Crawford of Meridian Real Estate. The landlord, The Broadbent Co., was represented by John Beuoy of Broadbent.

-Kucic & Associates Realty leased 1,225 square feet of retail space in Fall Creek Harbour, 10142 Brooks School Road, Fishers. The tenant was represented by Jeff Kucic of Kucic & Associates Realty. The landlord, FCH Associates Inc., was represented by Cindy Hoskinson and Herb Feldmann of Lee & Associates.

Multiple tenants likely needed to plug Nordstrom hole

June 2, 2011

Nordstrom occupies a staggering 210,000 square feet spread across three floors—60 percent more space than the Seattle-based chain occupies at the Fashion Mall at Keystone and likely more than any single retailer would be willing to lease.

Retail, eateries planned for Keystone office area

May 12, 2011

A local developer’s $12 million project is transforming a four-story office building and five acres of surface parking lots adjacent to The Fashion Mall at Keystone into a new retail and restaurant destination.

Roundup: LoveSac, St. Elmo, Jets Pizza, Hokkaido Buffet

April 12, 2011

A new retailer at The Fashion Mall, a couple of new chain restaurants and a major renovation for St. Elmo Steak House lead the latest retail roundup.

Borders closing another local bookstore

March 18, 2011

The Ann Arbor, Mich.-based bookstore chain, which filed for Chapter 11 bankruptcy reorganization last month, announced yesterday it would close the Border’s store in the Shops at River Crossing near the Fashion Mall.

Leases/leasing contracts

March 14, 2011

-Farmers Insurance leased 26,840 square feet of office space at Lake Pointe Center 5 at Allison Pointe, 82nd Street and Allisonville Road. The tenant was represented by Brian Askins of UGL Equis.  The landlord, Edgeworth Laskey Properties LLC, was represented by Adam Broderick of Jones Lang LaSalle.

-Planet Fitness leased 17,456 square feet of retail space at Plainfield Crossing, U.S. 40 and Shady Lane, Plainfield. The tenant was represented by Scot Courtney and Bart Jackson of Lee & Associates. The landlord, Schottenstein Property Group, was represented by Drew Warner of Eclipse Real Estate.
 
-USA Funds leased 14,970 square feet of office space at One Concourse at Crosspoint, 9998 Crosspoint Blvd.  The tenant was represented by Sam Smith of Colliers International.  The landlord, Edgeworth Laskey Properties LLC, represented itself.

-MetLife Bank leased 14,042 square feet of office space at One Concourse at Crosspoint, 9998 Crosspoint Blvd.  The tenant was represented by Dan O’Neil of Jones Lang LaSalle.  The landlord, Edgeworth Laskey Properties LLC, represented itself.

-Jason’s Deli leased 4,900 square feet at Hamilton Crossing Centre, 12405 N. Meridian St., Carmel. The tenant was represented by Phil Drake and Robert Matias with Equity Inc. The landlord, KRG Hamilton Crossing LLC, was represented by Blake Beaver of Kite Realty Group.
    
-Threlkeld & Associates leased 4,500 square feet at 50 S. Meridian St. The tenant was represented by Yumi Prater and Tim O’Brien of Colliers International. The landlord, 50 South Meridian Associates LLC, was represented by Bill Montrie of Corporate Park Development Inc.

-Associated Brokerage Companies Inc. leased 3,541 square feet at Intrametco Centre, 14297 Bergen Blvd., Suite 150, Noblesville. The tenant was represented by Scott Lindenberg of Echelon Realty Advisors. The landlord, The Intrametco Building LLC, was represented by Paul Dick and Kevin Dick of Colliers International.

-Leslie’s Swimming Pool Supplies leased 3,486 square feet of retail space in Westlake Shoppes, 835 Beachway Drive. The tenant was represented by Bill French of Cassidy Turley.  The landlord, StanCorp Mortgage Investors LLC, was represented by Jim Karozos and Ron Mannon of Lee & Associates.

-Metamorphoo Inc. leased 1,534 square feet at Lake Plaza Office Park, 6801 Lake Plaza Drive. The landlord, Lake Plaza LLC, was represented by Debbie Shumate Johnson of Alliance Commercial Real Estate. The tenant represented itself.

-Hairspray extended by three years its lease for 1,407 square feet at Fashion Mall Commons, 8487 Union Chapel Road. The landlord, The Broadbent Co., was represented by Broadbent’s John Beuoy. The tenant represented itself.
 
-Rose Nails extended by five years its lease for 1,400 square feet of space at Washington Corner, 9900 E. Washington St. The landlord, The Broadbent Co., was represented by Broadbent’s Jeff Roberts. The tenant represented itself.

-Liberty Tax Service extended by three years its lease for 1,400 square feet at Washington Shoppes, 10009-10089 E. Washington St. The landlord, The Broadbent Co., was represented by Broadbent’s Jeff Roberts. The tenant represented itself.

-Reena’s Threading Eyebrows leased 1,200 square feet of space at Castleton Shoppes, 6024-6066 E. 82nd St. The landlord, The Broadbent Co., was represented by Broadbent’s John Beuoy. The tenant represented itself.

-Sigman Cleaners leased 900 square feet at North Willow Commons, 1410-1518 W. 86th St. The landlord, The Broadbent Co., was represented by Broadbent’s Ray Bunes. The tenant represented itself.

-Lizabeth Fitzgerald and Marlene Sharpe leased 840 square feet at Lake Plaza Office Park, 6801 Lake Plaza Drive. The landlord, Lake Plaza LLC, was represented by Debbie Shumate Johnson of Alliance Commercial Real Estate. The tenant represented itself.

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