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ExactTarget option gains approach $300M

June 6, 2013

xactTarget Inc.’s sale will swell the value of employee stock options to nearly $300 million—a windfall local tech experts expect will launch a wave of entrepreneurship over the next several years.

LOU’S VIEWS: In with the old as Conner Prairie adds to its offerings

June 6, 2013

At the living history museum, new activities are mixed with old favorites—including the grand game of Rounders

Construction

June 6, 2013

-Charles C Brandt Construction has completed a 15,000-square-foot demolition and renovation for Northern Indiana Public Service Co. at 150 W. Ohio St.

-Mattingly Construction was awarded and has begun construction of a 2,000-square-foot build-out for Dr. Pavel Svilenov and Promise Road Dental, 12574 Promise Creek Lane, Fishers.

-Charles C Brandt Construction has completed a 5,000-square-foot demolition and renovation for the CHUBB Group on the 26th floor of the One America Building at Ohio and Illinois streets.

People

June 6, 2013

Michael Cook has joined the local office of CBRE Group Inc. as a senior vice president with an emphasis on corporate services and advisory of multi-market industrial and manufacturing clients.

Former TV news king WRTV seeking comeback under new owner

June 6, 2013

WRTV-TV Channel 6 is making big changes, many tailored to capturing viewers through digital outlets, in an effort to stage a comeback after a two-decade slide.

Residential

June 6, 2013

The average rate for 30-year mortgages rose from 3.99 percent to 4.1 percent for the week ended June 5, according to Bankrate.com. The rate for 15-year mortgages rose from 3.21 percent to 3.28 percent.

Crew making quick progress on Citizens Energy sewage tunnel

June 6, 2013

The Deep Rock Tunnel is the largest public-works project in the city’s history, and Citizens customers are already paying for the first phase, which cost $444 million.

Leases/leasing contracts

June 6, 2013

-Spectra Premium Industries leased 250,000 square feet at Axcess 70, 3052 N. Distribution Way, Greenfield. The tenant was represented by Andrew Morris, Tony Hupp and Andrea Hopper of Summit Realty Group. The landlord, Browning Investments, was represented by Mark Writt of CBRE.

-SKH Paper Company leased 42,500 square feet of industrial space at 2363 E Perry Road, Plainfield. The tenant was represented by Sean McHale of Colliers International. The owner, CLPF-Plainfield Park 3 LP, was represented by Bryan Poynter of Cassidy Turley.

-Ruth’s Chris leased 10,257 square feet at Ironworks at Keystone, 2727 E. 86th St. The tenant was represented by Larry Davis and Tom English of Sitehawk Retail Real Estate. The landlord, Ironworks Indianapolis LLC, was represented by Mark Perlstein of Sitehawk Retail Real Estate.  

-Gordon Trucking Inc. leased 10,116 square feet of industrial space and 4 acres of land at 3805 S. Harding St. The tenant was represented by Jim Karozos of Lee & Associates. The landlord, L & S Kopetsky Realty LLC, was represented by Brian Dell of Summit Realty Group.

-Med Express Urgent Care leased 4,824 square feet at Centre East, 10863 E. Washington St. The tenant was represented by Harley Carroll of Petroplus Lane and Larry Davis of Sitehawk Retail Real Estate. The landlord, Centre East LLC, was represented by Dean Almas of Sitehawk Retail Real Estate.  

-Med Express Urgent Care leased 4,794 square feet at Southport Shops, 7225 U.S. Route 31 South. The tenant was represented by Harley Carroll of Petroplus Lane and Larry Davis of Sitehawk Retail Real Estate. The Landlord, Southport Shops, was represented by Dean Almas of Sitehawk Retail Real Estate.

-Popeye’s Louisiana Kitchen leased a 4,200-square-foot building at 635 Carmel Drive, Carmel. The tenant was represented Steve Delaney and Larry Davis of Sitehawk Retail Real Estate. The landlord, NRW Corp., was represented by Todd Camesasca of Kosene & Kosene.  

-Meridian Pain Group P.C. leased 2,913 square feet at 9292 N. Meridian St., Suite 110. The tenant was represented by Drew Augustin of Alliance Commercial. The landlord, Fairhill Realty LLC, was represented by Matthew Broderick of Acorn Group Inc.

-Dentistry on 116th leased 2,880 square feet at 116th Street Centre, 33 E. 116th St., Fishers. The landlord, TCP Guilford LLC, was represented by Keith Fried of Sitehawk Retail Real Estate. The tenant represented itself.

-South of Chicago Pizza leased 2,519 square feet at the Bonn Building, 13578 E. 131st St., Fishers. The landlord, Bonn Building Partners LLC, was represented by Steve Delaney and Keith Fried of Sitehawk Retail Real Estate. The tenant represented itself.

-The Shipping Store & More renewed its lease for 1,765 square feet at Northbrook Shopping Center, 1427 W. 86th St. The tenant was represented by Pat Chesebrough of Century 21 Scheetz.  The landlord, 86th & Ditch Realty LP, was represented by Keith Fried of Sitehawk Retail Real Estate.

-Shangri-La Foot Spa leased 1,600 square feet at Avon Station, 8100 E. U.S. 36, Avon.  The landlord, Avon Station Inc., was represented by Michael Cranfill of Sitehawk Retail Real Estate. The tenant represented itself.

-Little Caesars leased 1,600 square feet of retail space at 2181 N. Meridian St.  The tenant was represented by Ron Mannon of Lee & Associates. The landlord, SRT Property Holdings LLC, was represented by Pat Boyle of Midland Atlantic.

Sales/acquisitions

June 6, 2013

Express Motor Vehicle Administration bought an 18,940-square-foot building at 3960 Southeastern Ave. The buyer was represented by Marty Murphy. The sellers, Edward and Linda Calvert, were represented by Cam Kucic of Summit Realty Group.

Fishers, Noblesville put cuffs on charities to recoup tax revenue

June 6, 2013

Two growing Hamilton County communities looking to build their commercial tax base are taking steps to ensure land targeted for development doesn’t end up in the hands of organizations that don’t pay taxes.

Local entrepreneur Dragoo takes helm of national group

June 6, 2013

Already one of the most influential women entrepreneurs in the country, Billie Dragoo will work herself even deeper into professional networking in July as she takes a new role as board chairwoman for the National Association of Women Business Owners. She hopes the connections she’s made over 18 years in business for herself will benefit the group’s members.

Cummins looking to build downtown Indy offices

June 6, 2013

Cummins Inc. wants to expand its downtown Indianapolis presence and is searching for land to construct an office building that would double the space the Fortune 500 company occupies in the city, several local office brokers said.

Kim: How studying goalkeeping can improve your investing

June 6, 2013

Soccer in the United States has exploded in popularity among fans and participants. With the Indiana University men’s team winning its eighth national title last December and the Indy Eleven professional team getting ready to compete next April, soccer is only going to get bigger here. Unlike regular-season games, tournament games can’t end in a […]

Hicks: Attractive places help Indiana grow faster

June 6, 2013

I am often asked to explain why more and better local amenities matter to job creation. It is a simple concept, really. Families make choices about where to live based upon a variety of factors, including playgrounds, safe and attractive neighborhoods, and recreational activities. They will sacrifice to obtain these things, commute long distances and even forgo higher wages.

People in the news – June 10, 2013

June 6, 2013

People listings are free.

Riley CDC names successor to retiring executive director

June 6, 2013

Eric Strickland’s appointment was effective June 1. He brings more than 18 years of engineering, real estate development and economic development experience to the organization.

Faegre opening Silicon Valley office

June 6, 2013

Faegre Baker Daniels LLP, which has a major Indianapolis presence, is opening an office on the West Coast.

IDI seeking input for strategy

June 6, 2013

Velocity, the downtown strategic planning project launched by Indianapolis Downtown Inc., is holding a series of neighborhood roundtable meetings in June to gather input about the future of downtown and surrounding neighborhoods.

Upstate bank headed for Fishers

June 6, 2013

A Warsaw-based bank will build in Fishers its second Indianapolis-area office.

Indiana county pushes ahead with fertilizer plant

June 6, 2013

The Pakistan-based developers of a fertilizer plant have won a southwestern Indiana county's initial approval for the project, weeks after the state pulled its support.

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