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Construction

-Capitol Construction has completed a 4,500-square-foot retail build-out for Maurices at 6020 E. 82nd St.

-Capitol Construction has completed a 3,000-square-foot office remodel for Proscan at 9780 Lantern Road, Fishers.

Home-sale agreements continue disappointing trend

Pending home sales in the nine-county area slid 22.8 percent in February compared with the year-ago period. That was only a slight improvement from the 31-percent fall recorded in January.

Residential

The average rate for 30-year mortgages from from 4.45 percent to 4.5 percent in the week ended March 13, according to Bankrate.com. The rate for 15-year mortgages rose from 3.46 percent to 3.51 percent. 

Leases/leasing contracts

-Fresh Thyme Farmers Market leased 28,675 square feet of retail space in Racquet Square Shopping Center, 4225 E. 82nd St. The tenant was represented by Kyle Hughes and Jamison Downs of Veritas Realty. The Landlord, 4225 LLC, represented itself.

-Fresh Thyme Farmers Market leased 27,450 square feet of retail space at 2342 W. 86th St. The tenant was represented by Jamison Downs and Kyle Hughes of Veritas Realty. The landlord, Diversified Land Acquisitions LLC, was represented by Joe Downs of Lauth Group Inc.

-Expressenz Dance Studio LLC leased 8,783 square feet of space in College North Park Business Center, 9519-9595 Valparaiso Court. The tenant was represented by Derek Menerey and Ashley Bussell of Newmark Knight Frank Halakar. The landlord, John Levinsohn and College Park North LLC, was represented by John Corey of Levi Investment Realty Inc.

-Midwest Dollar leased 7,296 square feet at 6002 E. 38th St. The landlord, Gaines Land Group LLC, was represented by Keith Kleinmaier of Retail Realty. The tenant represented itself.
 
-Indy Tire leased 6,500 square feet at Castleton Plaza, 6314-6398 E. 82nd St. The landlord, The Broadbent Co., was represented by Broadbent's John Beuoy. The tenant represented itself.

-Geneva Hair Studio leased 4,350 square feet at 5541 E. Washington St. The landlord, 5535 E. Washington Associates, was represented by Keith Kleinmaier of Retail Realty. The tenant represented itself.

-Stacked Pickle leased 4,000 square feet of retail space at 7108 McFarland Blvd.  The tenant was represented by Brian Epstein of Urban Space Commercial Properties. The landlord, Ambrose Southport McFarland LLC, was represented by Bart Jackson of Lee & Associates.

-Popeyes Louisiana Kitchen Inc. leased 2,808 square feet of retail space in the Meridian Parke Shopping Center, 270 N. State Road 135, Greenwood. The tenant was represented by Kyle Hughes of Veritas Realty. The landlord, Meridian Parke Co. LLC, was represented by Kellams Enterprises Inc.

-The Cellular Connection, a Verizon Wireless Premium Retailer, leased 2,222 square feet of retail space in Allisonville Road Plaza, 11722 Allisonville Road, Suite 101, Fishers. The tenant was represented by Jamison Downs of Veritas Realty. The landlord, Freeland Realty LLC, represented itself.  
 
-9 Round Kickboxing leased 1,547 square feet at The Shoppes at 141st Street, 14005-14099 Mundy Drive, Fishers. The tenant was represented by Tom Schrump of Franchise Realty Exchange. The landlord, The Broadbent Co., was represented by Brian Broadbent.

Sales/acquisitions

-French Associates #1 LLC bought an 11,001-square-foot industrial property at 922 N. Capitol Ave. The seller, Capitol Clutch, was represented by Ray Simons of Cassidy Turley. The buyer represented itself.

-WLBK Industrial Properties bought a nine-building portfolio totaling 439,194 square feet of industrial space in Park 100 Business Park bordered by West 71st Street, West 86th Street and Interstate 465. The seller, Duke Realty Corp., was represented by J. Jeffrey Castell of Cassidy Turley. The buyer represented itself.

-Union Streams LLC bought three parcels of retail land totaling 2.58 acres at 284-310 S. State Road 135, Greenwood. The buyer was represented by David Ellis of Fenway Real Estate Services and Jim Abel of Lee & Associates. The sellers, Menard Inc. and Dannemiller Enterprises, represented themselves.

Correction

AutoZone bought 1.03 acres at 4437 Clark Drive. The buyer was represented by Lisa Rosetti of Evolution Group LLC. The seller, Flag Properties, was represented by Jeff Hubley and Patrick Boyle of Midland Atlantic Properties. The buyer's representative was incorrect in last week's Real Estate Weekly.

Indiana Limestone wins court approval for auction

The owner of Indiana Limestone Co. has received court approval to hold an April sale to see whether there are any better offers for virtually all its assets than the $26 million bid by lender Indiana Commercial Finance LLC.

Circumstances stifle Tex-Mex chain’s hiring plans

Restaurant vet Russell Burns wanted to interview three candidates for every job he’s filling at the new Chuy’s in Hamilton Town Center. But less than three weeks before training begins, he’s had just 100 applicants for 140-150 positions. About half made the cut.

Technology Power Breakfast transcript

Indianapolis Business Journal gathered tech leaders for a Technology Power Breakfast panel discussion March 14. The panel talked about topics ranging from ExactTarget to mentors to raising capital.

Financial emergency sparks cuts in Connersville

The city’s clerk-treasurer estimates the city's general fund will have less than $15,000 in the bank as of May 1, yet its monthly payroll and claims typically exceed $700,000.

Biomet plans $40.5 million upgrade, 150 jobs

Biomet’s project calls for building renovations and adding 3-D printing and optical scanning technology. The Warsaw-based company would also upgrade an incubation center for surgeons interested in introducing a new product, technology or technique.

Lawsuits challenge Indiana’s gay marriage ban

Ken Falk, chief legal counsel for the ACLU of Indiana, said he expects the growing number of federal lawsuits will be consolidated into a single challenge against the state's marriage law.