Citizens deal is working
Recently, Citizens Energy Group received regulatory approval to raise rates [April 23 IBJ] to continue updating the community’s aging water and wastewater systems.
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Construction
-Capitol Construction has completed a 9,000-square-foot office build-out for Sun Life at 301 Pennsylvania Parkway.
-Mattingly Construction has completed a 19,500-square-foot build-out for Parabellum Gun Range at 8217 Kingston Ave., Avon.
Leases/leasing contracts
-Hellman Worldwide Logistics renewed its lease for 96,336 square feet at Park 100 Building 99, 5075 W. 74th St. The tenant was represented by David Creiner of Jackson Cooksey and Chris Black of CBRE. The landlord, Pinchal & Co., was represented by Jake Sturman and Chip Barnes of JLL.
-Keronite Inc. renewed its lease for 13,600 square feet of industrial space at 2121 Southtech Drive, Greenwood. The tenant was represented by Michael Weishaar of Cassidy Turley. The landlord, Liberty Property Trust, was represented by Brian Buschuk and Jake Sturman of JLL.
-Indiana Soccer Association Inc. leased 4,774 square feet of office space at 9333 N. Meridian St. The tenant and landlord, Landmark Properties Inc., represented themselves in the transaction.
-Nimble Jacks leased 3,801 square feet of office space at 47 S. Pennsylvania St. The tenant was represented by Bennett Williams and Andrew Martin of Cassidy Turley. The landlord, Pillar Majestic LLC, was represented by Ashley Bussell and Ralph Balber of Newmark Knight Frank Halakar.
-Advanced Engineering Consultants-Indiana LLC leased 2,541 square feet of office space at 8606 Allisonville Road. The tenant was represented by Kevin Dick of Colliers International. The landlord, Castle Creek Office LLC, was represented by Brian Fitzgerald of Citimark.
-The Huntington National Bank NA leased 2,430 square feet of retail space in Providence at Old Meridian at 12505 Old Meridian, Carmel. The tenant was represented by Scot Courtney and Bart Jackson of Lee & Associates. The landlord, Providence HUD LLC, was represented by Gary Perel of Newmark Knight Frank Halakar.
-Rocker Sign & Graphics leased 1,500 square feet of office space in Greenwood Oaks Business Centre, 500 S. Polk St., Greenwood. The tenant and landlord, Greenwood Oaks Investments LLC, were represented by Teresa Clements of Lee & Associates.
-VIP Wireless leased 900 square feet of retail space at 2918 W. 16th St. The tenant and landlord, Indy Management Group Inc., were represented by Cindy Hoskinson and Herb Feldmann of Lee & Associates.
KEY: End the end-runs around public business
Technology that makes a vast amount of public records available with a few keystrokes can also make monitoring government actions more difficult for Hoosiers.
Sales/acquisitions
-Trinity Episcopal Church bought the 24,808-square-foot Atkinson Building at 3231 N. Meridian St. The buyer was represented by Jon Owens of Cassidy Turley. The seller, Meridian Associates LLP, was represented by Matt Langfeldt, Rich Forslund, Amy Burmeister and Adam Ehret of Cushman & Wakefield/ Summit.
-National Retail Hardware Association bought the 31,138-square-foot Empire Square building at 136 N. Delaware St. The seller, DMS Property Group LLC, was represented by Matt Langfeldt and Rich Forslund of Cushman & Wakefield/Summit. The buyer represented itself.
RUSTHOVEN: The union vote proved toothless
Two races on my 2014 watch list were challenges to GOP state representatives Bob Behning of Indianapolis and Jerry Torr of Carmel. The issues differed, but each race showed continued erosion of union political power.
USA Track & Field clears big hurdle with NBC deal
USA Track & Field is on the cusp of signing a multiyear deal with NBC, fulfilling its longtime wish of pulling all its programming onto one network while strengthening its finances.
Correction
The Huntington National Bank leased 2,478 square feet of retail space in Sophia Square, 110 W. Main St., Carmel. The tenant and landlord, Carmel Lofts LLC (an entity related to Keystone Realty Group), were represented by Scot Courtney and Bart Jackson of Lee & Associates. The relationship between Carmel Lofts and Keystone was misstated last week.
EDITORIAL: Fadness agenda should advance
Fishers voters made their second forward-thinking choice in as many years on May 6 when they picked Town Manager Scott Fadness in the primary election to run as the Republican nominee for mayor.
Indy’s most profitable hospitals, revisited
On the eve of Obamacare, almost no central Indiana hospitals were having trouble making money. Hip replacements, heart surgery and Hamilton County were the biggest drivers of profits.
LOU’S VIEWS: Children’s Museum brings 2,200-year-old statues to Indy
Terra Cotta Warriors make rare U.S. appearance. Chinese treasures were commissioned by the first emperor of China.
LOPRESTI: Indiana—that northern school that plays good baseball
IU beats the odds by creating a baseball power in Bloomington.
Senators to sausage—Mickey’s Camp has it all
Spaces fill up fast in the annual men’s and women’s camps that send money to favorite charities.
PROXY CORNER: Zimmer Holdings Inc.
Warsaw-based Zimmer Holdings Inc. owns subsidiaries that design, develop and manufacture orthopedic devices, spinal and trauma devices, biologics, dental implants and related surgical products.
Zoo expecting huge boost from $26M orangutan center
The Simon Skjodt International Orangutan Center opens at the Indianapolis Zoo May 24 (members get a look beginning May 21). And it’s hard to imagine a bigger zoological box-office draw than an octet of expressive, engaged, personality-overflowing primates
Feds probe whether HDG Mansur took millions from client
HDG Mansur has divulged in court documents that it’s the target of a federal criminal probe for allegedly skimming millions of dollars from a client.
Up-and-comer molds city’s justice center deal
David Rosenberg, 28, leads Mayor Greg Ballard’s effort to build a new jail and criminal courts for Marion County, which could cost as much as $400 million, all with no new revenue.
Not-for-profit focused on exercise adopts novel funding model
When Tom Hanley couldn’t get large charitable foundations to support a wellness program he developed for central Indiana youth, he switched gears and adopted a fee-for-service model underwritten largely by sponsorships.
With heat on company, ITT’s CEO Modany swings back
But in an interview with IBJ, ITT Educational Services CEO Kevin Modany asserted that for-profit colleges are a good deal, that they produce better results than community colleges, and that they are critical for the state and nation to close the skills gap among workers.
Cricket-association turmoil imperils local event
Turmoil within the USA Cricket Association could jeopardize the organization’s national championship set for Indianapolis’ new World Sports Park in August, though local officials remain confident the event will happen.