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Indiana Design Center lines up tenants
The $25 million project, which is the cornerstone of Carmel’s Arts & Design District, has signed 11 interior design-related tenants
and a restaurant.
Feltman takes over
In 2007, Nathan Feltman became Indiana's secretary of commerce, replacing his mentor, IBJ Media Corp. co-owner Michael
Maurer. It was a smooth transition.
Construction
Boyle Construction Management Inc. has been awarded the general construction contract for the build-out of an 8,000-square-foot office for Kaplan College at 9000 Keystone Crossing. The project, by Packard Design, is scheduled to be completed in June.
Housing
On a seasonally adjusted basis, the pace of mortgage loan activity decreased 11 percent for the week ended April 2, according to the Mortgage Bankers Association. The rate for 30-year mortgages increased to 5.31 percent from 5.04 percent the previous week. The rate for 15-year mortgages increased to 4.54 percent from 4.34 percent.
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.
Correction
Shelter Mutual Insurance represented itself in a lease renewal at Prestwick Junction, 5530 E. U.S. Highway 36, Avon. Hokanson Cos. was incorrectly listed as the tenant representative in last week’s Real Estate Weekly.
Sales/acquisitions
Hamilton Center Inc. purchased a 10,000-square-foot office/retail building at 1801 N. Shadeland Ave. The price wasn’t disclosed. The buyer was represented by Ryan Kelly and Jeff Merritt of Summit Realty Group. Bryan Miller of Cassidy Turley represented the seller, William P. Sohn, trustee.
Report: Simon may drop General Growth bid
Shares in General Growth Properties Inc., the second-biggest U.S. mall owner, fell as much as 6.7 percent Monday morning after
a newsletter report that Simon Property Group Inc. may abandon a takeover bid for its smaller rival.
Purdue secures $15M to expand cancer research building
Stimulus dollars from the National Institutes of Health expected to spark 30 to 40 new research jobs by 2013.
Trouble in life-sciences paradise
Bloomington is struggling to keep its edge, a report says. And Bill Cook isn’t happy about it.
Hilbert in-law’s insurance fraud trial set for October
As IBJ reported last year, Houston-based American General Life Insurance Company is attempting to invalidate a $15
million policy it issued in January 2006 insuring the life of Germaine “Suzy” Tomlinson—Conseco Inc. co-founder
Stephen Hilbert’s mother-in-law—who died Sept. 28, 2008, at age 74.
Man found dead after reporting threat
Indianapolis police are trying to piece together what led to a shooting that killed a 66-year-old man Sunday night near 25th
and North LaSalle streets on the east side. Police were called to the same home Friday night and the man told police that
several men threatened him with guns. Police don't have a motive or a suspect.
Lebanon police capture 3 burglary suspects
Lebanon police arrested three men Sunday morning after they led officers on a chase through Boone County. Derrick Hermann,
Joshua Zachary, and Daniel Wynne all face several charges, including burglary. Police said the three broke into Cox Jewelry
on North Lebanon Street. Police said they recovered the stolen jewelry.
Vigil held for teens killed in Carmel crash
Students, parents and family members held a candlelight vigil in Carmel Sunday night to mourn two teens killed during a police
chase. Police say they were trying to pull over a speeding vehicle Friday night when the driver took off and eventually lost
control. The car snapped a utility pole in half near the 14000 block of River Road and 126th Street and caught fire. The 15-year-old
driver escaped, but emergency responders couldn't get Jordan Moss, 15, and Jordan Poirier, 15, out in time. Grief counselors
have been providing services at Carmel High School, where the students were freshman. Fox59 will have more at 4 p.m.
Ivy Tech gets $4.7M energy grant to retrain 1,500 workers
Federal money will help create programs at community college and Purdue University to offer skills in smart-grid technologies.
New Indy 500 qualifications rules sign of series’ situation
New Indianapolis 500 qualifications rules aim to create more pole day drama. The move could restore May back to part of its
former glory. Or it could be a sign of doom and gloom.
Reasons to be praised: local actor earns raves in D.C.
Familiar face found on theater review page of Washington paper.
Reasons to be praised: local actor earns raves in D.C.
Familiar face found on theater review page of Washington paper.