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Leases/leasing contracts

-Kelly Box and Packaging Corp. leased 76,548 square feet of industrial space at 3035 N. Shadeland Ave. The tenant was represented by Bart Book of Cassidy Turley. The landlord, Vomela Specialty Co., was represented by Todd Vannatta and Bennett Williams of Cassidy Turley.

-Lanter Delivery Systems Inc. leased 14,548 square feet of industrial space at 8435 Georgetown Road. The landlord, Biynah Industrial Partners LLC, was represented by Michael Weishaar and Todd Vannatta of Cassidy Turley. The tenant represented itself.

-American Industrial Services LLP leased 8,175 square feet of industrial space at 612 Blanchard St., Shelbyville. The tenant was represented by Adam Browning of Evergreen Investment Corp. The landlord, 222 Group LLC, was represented by Todd Vannatta of Cassidy Turley.

-Associated Material Handling leased 6,352 square feet at 4444 Decatur Blvd. The landlord, CP Ventures LP, was represented by Brian Dell and Ryan Kelly of Summit Realty Group. The tenant represented itself.
                  
-PLS of Indiana LLC leased 4,840 square feet at 50 South Park Blvd., Greenwood. The tenant was represented by Keith Turnbill of RE/MAX Select Realtors. The landlord, South Park Group LLC., was represented by Brian Dell of Summit Realty Group.

-Casey’s Custom Café leased 3,346 square feet of retail space in Fortune Park at 4030 Vincennes Road. The tenant was represented by Cindy Hoskinson of Lee & Associates. The landlord, CP Vincennes LLC, was represented by Tom Ott of Coastal Partners LLC.

-Dr. Bethany Geyman DDS Inc. leased 3,200 square feet at 4450 Weston Pointe Drive, Suite 100. The tenant was represented by Matt Jackson of Jackson IG. The landlord, Sena Realty WP LLC, represented itself.

-CSC Covansys Corp. renewed its lease for 3,080 square feet at 1499 Windhorst Way, Greenwood. The tenant was represented by Jimmy Clark of Jones Lang LaSalle. The landlord, South Park Group LLC, was represented by Brian Dell of Summit Realty Group.

-Extra Space Management Inc. leased 2,034 square feet of office space in Polk Place, 435 E. Main St., Greenwood. The tenant was represented by Cathy Richards of Lee & Associates. The landlord, Randy Faulkner & Associates Inc., was represented by Bruce Richardson of My Agent.
            
-Aspect Supportability Consultants Ltd. leased 1,942 square feet of office space at Delaware Crossing II, 10100 Lantern Road, Fishers. The landlord, Genesis Development Group LLC, was represented by Kevin Dick and Paul Dick of Colliers International. The tenant represented itself.

-Yats leased 1,754 square feet at Rockville Station, 9259 E. U.S. 36, Avon. The tenant was represented by Kyle Hughes of Veritas Realty. The landlord, Rockville Station LLC, was represented by Keith Fried of Sitehawk Retail Real Estate.

-Which Wich Superior Sandwiches leased 1,600 square feet of retail space in Fishers Marketplace Shopping Center, 13180 Market Square Drive, Fishers. The tenant was represented by Bart Jackson and Scot Courtney of Lee & Associates. The landlord, Fishers Market Square Drive LLC, was represented by Ryan Menard of Thompson Thrift.

-Prolific Cuts leased 1,200 square feet of retail space in Gable Village Shoppes, 9719 E. U.S. 36, Avon. The tenant and landlord, Rockville LLC, were represented by Cindy Hoskinson of Lee & Associates.

-Indiana Shingle Recycling LLC leased 5.96 acres at 3800 S Harding St. The landlord, L&S Kopetsky Realty LLC, was represented by Brian Dell of Summit Realty Group. The tenant represented itself.

Sales/acquisitions

-Transformation Fitness and Wellness LLC bought a 7,503-square-foot industrial property at 1222 N. Pennsylvania St. The buyer was represented by Mike Semler of Cassidy Turley. The seller, Hargitt Construction, was represented by Walter Freihofer of Freihofer Commercial Real Estate.

-Thomas and Andrea Peters bought 19,75 acres at County Road 875 and Zionsville Road, Zionsville. The buyer was represented by Bo Leffel of Cassidy Turley. The seller, State Bank of Lizton, was represented by Abbe Hohmann of Site Strategies Advisory LLC.

-Goodwill Industries of Central Indiana bought  2.75 acres at 6705 S. State Road 334, Zionsville. The buyer was represented by Bill French of Cassidy Turley. The seller, Duke Realty Corp., was represented by Jacque Haynes and John Byrne of Cassidy Turley.

Lilly’s path to redemption: Turn new drugs into sales

This year will be ugly for Eli Lilly and Co., after the recent loss of two blockbusters, but it also gives Lilly an opportunity it hasn’t really had for nearly a decade: grow sales and profit by launching new drugs.

Indy political, business leader Beurt SerVaas dies at 94

SerVaas was elected to the City-County Council in 1962 and served for more than 40 years, including 27 as council president. He was one of the architects of Unigov, the consolidated city-county government plan credited with revitalizing Indianapolis.

People

Community Health Network named Ron Thieme, the former CEO of AIT Laboratories, its chief knowledge and information officer. Thieme, who served on Community’s board of directors, succeeded AIT founder Michael Evans as CEO of the medical lab business in 2012 but was then replaced by Evans later that year. Thieme holds bachelor’s, master’s and doctoral degrees from Purdue University.

Dr. David Crabb has been named the new chief of internal medicine at Eskenazi Health, replacing Dr. William Tierney, who remains CEO of the Indianapolis-based Regenstrief Institute Inc. Crabb, an internist and gastroenterologist, has been on the Indiana University School of Medicine faculty since 1983. He holds a bachelor’s degree from Purdue University and a medical degree from the IU medical school.

Community Physician Network named Dr. David Kiley senior specialty care medical director. Kiley, an OBGYN, also serves as vice president of clinical performance for Community’s north region. He holds a medical degree from the IU School of Medicine.

Company news

Ronald Reed, the owner of an Indianapolis-based medical equipment business Benchmark Mobility Corp., has been indicted for bilking $442,688 from Medicare and for Medicaid fraud. Benchmark sold powered wheelchairs, scooters, lift chairs and hospital beds to patients and then billed  Indiana Medicaid and federal Medicare programs for reimbursement. The indictment, announced Jan. 29 by U.S. Attorney Joe Hogsett, alleges that Reed, 46, submitted medical claims to Medicare and Medicaid for used medical equipment he purchased online, while claiming it was new. According to a statement from Hogsett’s office, Reed often purchased the used equipment on websites such as eBay and Craigslist. He then allegedly instructed Benchmark employees to change serial numbers and take other actions to hide the fraud. Reed also has been charged with 13 counts of aggravated identity theft for allegedly using a Medicaid recipients' identification without permission as part of the scheme.

Revenue and profit rose 13 percent in the fourth quarter at Dow AgroSciences LLC, buoyed by strong sales of crop-protection products. The Indianapolis-based manufacturer of agricultural products, a unit of Michigan-based Dow Chemical Co., reported profit of $177 million on revenue of $1.8 billion. Revenue from Dow’s crop-protection products grew 11 percent, driven by higher sales of herbicides in North America and Latin America.

WellPoint Inc. profit fell sharply in the fourth quarter but met analysts’ projections, the company announced Jan. 29. The Indianapolis-based health insurer earned $148.2 million, or 49 cents per share, down 68 percent from the same period in 2012. A big part of the decline was the $164.5 million after-tax charge WellPoint recorded from the sale of its 1-800-Contacts subsidiary to a private equity firm. Excluding investment results and other one-time charges, WellPoint would have seen profit drop 17 percent from a year earlier, to $261 million, or 87 cents per share. Wall Street analysts expected 87 cents per share, according to a survey by Thomson Reuters. For 2013, WellPoint profit fell 6 percent, to $2.49 billion. Revenue grew nearly 16 percent, to $70.2 billion, as the company enjoyed a full year of contributions from Amerigroup Corp., the Medicaid managed care subsidiary it acquired near the end of 2012.

Indiana plans $75M push to demolish abandoned homes

Lt. Gov. Sue Ellspermann announced the initiative Monday at the Statehouse. She said knocking down blighted and abandoned homes will help maintain property values and cut down on crime.

Longtime Simon Property CFO stepping down

Stephen Sterrett joined the predecessor to Simon Property Group Inc. in 1989, before the retailing giant went public in 1993 and eventually became the world’s largest mall developer.