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Festivities draw record crowds downtown

Super Bowl Village’s opening weekend met local organizers’ expectations—and then some—drawing more than 205,000 visitors from Friday through Sunday.

Gallagher sees more broker mergers coming

The Carmel office of Arthur J. Gallagher & Co. just made its sixth acquisition in five years, and it expects looming changes to tax and health laws to produce even more chances to snap up benefits brokers this year.

Construction

-Capitol Construction completed a 17,300-square-foot retail build-out for Monkey Joe’s at 46500 Southport Road.

-Capitol Construction completed a 15,250-square-foot office build-out for Indiana Legal Services at 151 N. Delaware St.

Residential

The average rate for 30-year mortgages rose from 4.18 percent to 4.25 percent for the week ended Jan. 25, according to Bankrate.com. The rate for 15-year mortgages rose from 3.39 percent to 3.45 percent.

Leases/leasing contracts

-Smart Warehousing leased 190,440 square feet of industrial space at 909 Whitaker Road, Plainfield. The tenant was represented by Mike Lubbers of Summit Realty Group. The landlord, Prologis Leasing-Indianapolis, was represented by Luke Wessel of Cassidy Turley.

-The Crane Bay LLC leased 18,750 square feet of industrial space at 551 W. Merrill St. The tenant was represented by George Charbonneau of Cassidy Turley. The landlord, Home Stove Realty Inc., was represented by Jack Pence and George Charbonneau of Cassidy Turley.

-Eaton Electrical Inc. extended its lease for 5,613 square feet of industrial space at 8431 Georgetown Road. The landlord, Biynah Industrial Partners LLC, was represented by Todd Vannatta and Michael Weishaar of Cassidy Turley. The tenant represented itself.

-Foremost Farms USA extended its lease for 4,635 square feet of industrial space at 8904 Bash St. The landlord, Westminster Funds, was represented by Todd Vannatta and Bryan Miller of Cassidy Turley. The tenant represented itself.

-Montana Beauty leased 3,600 square feet of industrial space at Park 100, 8525 Zionsville Road.  The tenant was represented by Rick Suja of Colliers International.  The owner, BRE/US Industrial Properties LLC, was represented by ProLogis.

-Cherry Top IT Systems, Inc. leased 2,850 square feet at 2461 Directors Row in Park Fletcher Business Center. The tenant was represented by Bart Book of Cassidy Turley. The landlord, American National Insurance Co., was represented by Don Wahle of Harshman Property Services.
 
-Advance America renewed its lease for 2,500 square feet of retail space in College Park Plaza, 3451 W. 86th St. The landlord was represented by Sandor Development. The tenant represented itself.

-Concept Technologies Inc. renewed its lease for 2,400 square feet at 2445 Directors Row in Park Fletcher Business Center. The landlord, American National Insurance Co., was represented by Don Wahle of Harshman Property Services. The tenant represented itself.

-Reader Copies leased 1,600 square feet of retail space in River Ridge Plaza, 1610 S. Scatterfield Road, Anderson. The landlord was represented by Jeff Roberts of Sandor Development. The tenant represented itself.

-Acceptance Insurance renewed its lease for 1,263 square feet of retail space in Esquire Plaza, 8239 Pendleton Pike. The landlord was represented by Sandor Development. The tenant represented itself.

-TC Financial leased 1,230 square feet of retail space at 69th & Michigan, 7035 N. Michigan Road. The landlord was represented by Drew Kelly of Sandor Development. The tenant represented itself.

-Nail Ikon renewed its lease for 900 square feet of retail space in Norgate Plaza, 7225-C N. Keystone Ave. The landlord was represented by Sandor Development. The tenant represented itself.

-Eastside Wireless leased 900 square feet of retail space at 21st & Mitthoeffer Center, 9846 E. 21st St. The tenant was represented by Scott Herider of Lee & Associates. The landlord, Indy Management Group, was represented by Cindy Hoskinson and Herb Feldmann of Lee & Associates.

-Dee’s Tasty Wings & Things leased 900 square feet of retail space at 21st & Mitthoeffer Center, 9846 E. 21st St. The tenant and landlord, Indy Management Group, were represented by Cindy Hoskinson and Herb Feldmann of Lee & Associates.

-Great Lakes Gabriel Project leased 684 square feet of office space at 5455 W 86th St. The landlord, Polaris Commercial Investments, was represented by Dan Baldini of Polaris Real Estate. The tenant represented itself.

-FNO Service Professionals Inc. leased 468 square feet of office space at 5455 W 86th St. The landlord, Polaris Commercial Investments, was represented by Dan Baldini of Polaris Real Estate. The tenant represented itself.

Sales/acquisitions

-Forrest D. Lucas bought a 36,090-square-foot industrial property at 480 Southpoint Circle, Brownsburg. The price wasn’t disclosed. The seller, Ranch Savi LLC, was represented by Luke Wessel of Cassidy Turley. The buyer represented himself.  

-ATS River Road Investment LLC bought a 47,388-square-foot industrial property at 16565 River Ave., Noblesville. The price wasn’t disclosed. The buyer was represented by Keith Dedrick of Corporate Commercial Group. The seller, Fishers Services Company LLC, was represented by Bart Book of Cassidy Turley.

-Lauth Property Group bought a 180,000-square-foot office building at 111 Congressional Boulevard, Carmel. The price wasn’t disclosed. The seller, Nationwide Investments, was represented by Dave Moore, Darrin Boyd and Rebecca Wells of Cassidy Turley. The buyer represented itself.

Circle Centre again suing Bella Vita over unpaid rent

Landlord Circle Centre Mall LLC is suing the restaurant over $77,275.24 in unpaid rent, according to court documents. Circle Centre also sued Bella Vita in June 2010 over $96,523.23 in overdue rent.

Indy battens down hatches for Super Bowl security

From pickpockets and prostitutes to dirty bombs and exploding manhole covers, authorities are bracing for whatever threat the first Super Bowl in downtown Indianapolis might bring.

Lilly’s ex-partner wins FDA approval for diabetes drug

Amylin Pharmaceuticals Inc. and Alkermes Plc have gained U.S. clearance for Bydureon, a once-weekly diabetes shot. Eli Lilly and Co. co-developed the drug, but ended its partnership with Amylin last year.

Political stakes are high as White goes on trial

After more than a year of legal wrangling, White's fate now rests with the jurors who will be selected starting Monday in Noblesville. Their task: to determine whether the state's top election official is guilty of voter fraud, perjury and theft.

Indiana moving slowly on lake phosphorus rules

A state effort to address phosphorous pollution that has fouled Indiana's waterways is moving forward slowly, but environmental groups' hopes for help from lawmakers is likely to be dashed this year.

After 70 years, right-to-work impact still unclear

The battle over the right-to-work issue may be reaching a conclusion in Indiana as the state prepares to become the first to adopt the law in more than a decade, but the argument over exactly what the measure means for a state’s economy is likely to rage on.

UPDATE: Legislators send sex-trafficking law to Daniels

State legislators gave their final approval Friday to a bill toughening Indiana’s penalties for sex trafficking, sending it to Gov. Mitch Daniels for him to sign into law ahead of next weekend’s Super Bowl in Indianapolis.