Simon amends plan for CEO’s controversial $154M bonus
Simon Property Group has tied CEO David Simon’s $154 million retention bonus to the financial performance of the company, but plaintiffs in a related legal action are not satisfied.
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Leases/leasing contracts
-Newegg leased 412,808 square feet at WorldConnect@Ameriplex, Building 1, 6161 Decatur Blvd. The tenant was represented by Mark Writt and Scott Belfer of CBRE. The landlord, Industrial Developments International, was represented by Andrew Morris, Jeremy Woods and Andrea Hopper of Summit Realty Group and Doug Armbruster and Jeremy Kraus of IDI.
-Eagle Adjusting Services Inc. leased 12,588 square feet of industrial space at 14701 Cumberland Road, Noblesville. The tenant was represented by John Crisp of Cassidy Turley. The landlord, Taylored Systems, represented itself.
-R.S. Hughes leased 8,940 square feet of industrial space at 5058-5148 W. 79th St. The tenant was represented by Ken Boyd of Jackson & Cooksey. The landlord, Iron Point Titan Asset Management LLC, was represented by Bryan Poynter of Cassidy Turley.
-National Programming Service LLC leased 8,577 square feet at 7320 E. 86th St. The tenant was represented by Yumi Goodman of Colliers International. The landlord, East 86th Street Partners LLC, represented itself.
-Trophy Technologies LLC leased 8,568 square feet of industrial space at 8857 Bash St. The landlord, Westminster Funds, was represented by Todd Vannatta of Cassidy Turley. The tenant represented itself.
-Anixter Inc. leased 6,000 square feet of industrial space at 6911-7061 Corporate Circle. The tenant was represented by Jeffrey Harris of NAI Meridian Real Estate Services. The landlord, GI Partners, was represented by Russ Van Til and Bryan Poynter of Cassidy Turley.
-Scotlynn USA Division Inc. leased 4,813 square feet of office space at 8335 Keystone Crossing. The tenant was represented by Spero Pulos of Lee & Associates. The landlord, Sourwine Real Estate Services, was represented by Andrew Martin and Bennett Williams of Cassidy Turley.
-Rio Grande Fresh Mexican Grill leased 4,800 square feet of retail space at Hague Road Center, 20805 Hague Road, Noblesville. The landlord, Harshman & Hays Three LLC, was represented by Larry W. Harshman of Harshman Property Services LLC. The tenant represented itself.
-In Site Art Consulting Group Inc. leased 3,163 square feet of office space at 6330 E. 75th St. The tenant was represented by Matt Jackson of Jackson Investment Group. The landlord, Henderson Global Investors North America Inc., was represented by Bennett Williams and Todd Vannatta of Cassidy Turley.
-Skywave Technology Partners leased 3,000 square feet at 4000 Georgetown Road Shopping Center. The tenant was represented by Sharon Thompson of KW Commercial and Keller Williams Indy Metro North. The landlord, Stanford Property Management LLC, represented itself.
-Znachko Associates Inc. leased 2,500 square feet of office space at 5875 Castle Creek Parkway. The tenant was represented Mike Napariu of REI Real Estate Services. The landlord, LSREF2 OREO, was represented by Matt Langfeldt of Summitt Realty Group.
-Elite Management Services LLC leased 2,446 square feet in the Stock Yards Bank Building, 136 E. Market St. The landlord, Crown Stock Yards LLC, was represented by Larry W. Harshman of Harshman Property Services LLC. The tenant represented itself.
-Gilday & Associates PC leased 2,223 square feet at One Indiana Square. The tenant was represented by Yumi Goodman of Colliers International. The landlord, One Indiana Square Associates LLC, was represented by Ralph Balber of Newmark Knight Frank Halakar.
-Arch Eyebrows leased 1,200 square feet at Speedway Plaza, 6137 Crawfordsville Road. The landlord, Plaza at Speedway LLC, was represented by Scott Gray and Michael Cranfill of Sitehawk Retail Real Estate. The tenant represented itself.
-Health Spot leased 1,141 square feet at 9778 E. 116th St., Fishers. The tenant was represented by Kyle Hughes of Veritas Realty LLC. The landlord, Sunbeam Development Corp., was represented by Mark Perlstein of Sitehawk Retail Real Estate.
-OPYS Physician Services LLC leased 875 square feet in the Barrister Building, 155 E. Market St. The landlord, Crown Barrister LLC, was represented by Larry W. Harshman of Harshman Property Services LLC. The tenant represented itself.
Sales/acquisitions
-Seabury Charter LLC bought 1.859 acres at 2295 N. Illinois St. The buyer was represented by R.J. Rudolph and Yumi Goodman of Colliers International. The seller, MMW Corp., was represented by Ross Reller of Colliers International.
-M&D Noblesville LLC bought 2.01 acres of retail land at 16080 Prosperity Drive, Noblesville. The buyer was represented by Tom Osborne of Colliers International. The seller, Marsh Supermarkets Inc., was represented by Jeff Merritt of Colliers International.
-C-K Real Estate Investments bought a third of an acre in the Bridgewater Corporate Park at 4661 Lisborn Drive, Carmel. The site will house a 4,000-square-foot office building for the Crossen Kooi law firm. The buyer was represented by Pat Chandler of ReMax at Keystone Crossing. The seller, John McKenzie, represented himself.
-Insight Consulting bought a 15,395-square-foot building at 7830 Johnson Road. The buyer was represented by Jacqueline Haynes of Cassidy Turley. The seller, QAI, was represented by Matt Langfeldt and Rich Forslund of Summit Realty Group.
Camp Atterbury expansion continues despite cuts
Some $75 million in construction projects are on pace for completion this year at the Indiana National Guard's Camp Atterbury even as it shifts away from preparing thousands of soldiers a year for combat assignments.
Colts sell out playoff game, avoid TV blackout
Meijer Inc. purchased 1,200 remaining tickets to the game against the Kansas City Chiefs and plans to donate them to local military families, helping the Colts reach the sellout.
‘Ban the box’ proposal heads for Indianapolis council
Indianapolis 'ban the box' initiative would affect hiring practices for the city, its vendors and economic development partners.
Westfield residents help set vision for neighborhood retail
It’s been a decade since neighbors lost a hard-fought battle to keep retail development away from the northeast corner of Spring Mill Road and 161st Street. Now they’re working with Westfield planners to create a vision for the area that will guide future growth.
Circle Centre nears deals for Burger Palace, Yard House, LA Fitness
Three prominent restaurant chains, including one developed by Bobby Flay, and a health club franchise are eying the vacant space formerly occupied by Nordstrom in Circle Centre.
Kim: ‘David and Goliath’ offers lessons for business, life
At some point, you’re likely to face a competitor with vastly superior size, strength and resources. You’re the underdog, but if you’re willing to wage an unconventional battle, outwork your opponent and don’t fear social disapproval, victory can be yours.
RACE: Updating Indianapolis’ plan: vision, reality and the future
The city has an opportunity to replace its weak comprehensive plan with a robust strategy.
Chicago-based breakfast restaurant coming to CityWay
Yolk has signed a lease to occupy 4,410 square feet in the downtown mixed-use development at Delaware and South streets, and is expected to open in the summer.
Hicks: North Korea is epitome of an economic system
The U.S. economy is not a system; it is a series of markets that by their very nature cannot be organized. The People’s Republic of Korea is the contemporary bastion of economic systems; North Korea is the most centrally planned state of modern times.
FEIGENBAUM: Pence’s ‘road map’ puts Legislature in driver’s seat
Each Hoosier governor brings his own style to his legislative agenda and relationship with the Indiana General Assembly.
End punitive business personal property tax
Gov. Pence is right when he says “The time has come to phase out the business personal property tax” to “spur new investment and growth.”
MERRITT: Reconsider nuclear energy
Renewable or reliable? That is the unavoidable choice when debating energy policy. For Indiana, you can have one, but not the other.
RUSTHOVEN: Jacobs was a true public servant
The death of former congressman Andrew Jacobs Jr. is a sad year-end note for all who knew him during and after his decades of service.
DINING: Ember attempts Cultural Trail culinary spark
Former chain pizza place transforms into neighborhood eat/drinkery. First in a month of theme-free restaurant reviews.
MAURER: Catching up before moving ahead
A look back at some of the topics and people I wrote about in 2013.