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Transportation, warehousing catch tailwind

Indiana’s transportation and warehousing industry employs more people now than before the recession, and observers think its growth will continue to outpace the nation’s.

Leases/leasing contracts

-Katz Sapper & Miller renewed its lease for 75,064 square feet in Eight Parkwood, 800 E. 96th St. The tenant was represented by John Crisp of Cassidy Turley. The landlord, Duke Realty, was represented by Duke's Traci Kapsalis.   

Firebelly Technologies, doing business as Element Three, leased 16,521 square feet of office space at 3500 Depauw Blvd. The tenant was represented by Darrell Pike of Pike Real Estate Services LLC. The landlord, Sterling American Property Inc., was represented by Dave Moore, Bennett Williams and Darrin Boyd of Cassidy Turley.

-Quadel Consulting leased 9,297 square feet of office space at 10 W. Market St. The tenant was represented by Graham Summers of Jones Lang LaSalle. The landlord, HDG Mansur, was represented by Andrew Martin and Bennett Williams of Cassidy Turley.

-Axia Technology Partners LLC leased 6,446 square feet of office space at 151 N. Delaware St. The tenant was represented by Darrin Boyd and Dave Moore of Cassidy Turley. The landlord, Hertz Investment Group, was represented by Rick Trimpe of CBRE.

-Petersen Engineering Inc. leased 6,150 square feet of office space at 8902 Vincennes Circle in Fortune Park. The tenant was represented by Steve Beals and Richard R. King III of Lee & Associates. The landlord, Fortune Park 14 Partners LLC, was represented by Tom Frank of Summit Realty Group.

-Homestead Financial leased 4,955 square feet of office space at 8500 Keystone Crossing. The tenant was represented by Spud Dick and John Crisp of Cassidy Turley. The landlord, Ash Brokerage Corp., was represented by Nick Svarczkopf of CBRE.

-Sen. Joe Donnelly leased 3,995 square feet of office space at 10 W. Market St. The tenant was represented by Gordon Hendry of CBRE. The landlord, HDG Mansur, was represented by Andrew Martin and Bennett Williams of Cassidy Turley.

-Deeper Life Bible Church leased 3,200 square feet of retail space in Lafayette Place, 3635 Commercial Drive. The landlord, Sandor Development, was represented by Drew Kelly of Sandor. The tenant represented itself.

-Future Keys Inc. leased 2,094 square feet of office space at 3905 Vincennes Road. The tenant was represented by John Crisp and Spud Dick of Cassidy Turley. The landlord, Halakar Property Management acting as court-appointed receiver, was represented by Matt Kiger of Newmark Knight Frank Halakar.

-World Finance Co. leased 1,900 square feet of retail space in Honey Creek Plaza, 3835-37 Moller Road. The tenant was represented by Seth Biggerstaff of Veritas Realty. The landlord, Sandor Development, was represented by Drew Kelly of Sandor.

-$1.99 Cleaners leased 1,841 square feet of retail space in Norgate Plaza, 7235 N. Keystone Ave. The landlord, Sandor Development, was represented by Jeff Roberts of Sandor. The tenant represented itself.

-Hat Kings leased 1,600 square feet in Lafayette Place, 3740 Commercial Drive. The landlord, Sandor Development, was represented by Drew Kelly of Sandor. The tenant represented itself.

-Ministerios Torre Fuerte leased 1,600 square feet in Lafayette Place, 3643 Commercial Drive. The landlord, Sandor Development, was represented by Drew Kelly of Sandor. The tenant represented itself.

-Kumon Math and Reading Center leased 1,400 square feet of retail space in Old Town Shoppes, 1260 W. 86th St. The tenant was represented by Creighton Shook of Coldwell Banker Commercial. The landlord, Sandor Development, was represented by Drew Kelly of Sandor.

IndyCar to run road race at Speedway in May

The unusual move will mark the open-wheel series’ first race on the hallowed track’s winding interior course. And it’s the highest-profile break from tradition yet in the tenure of new Hulman & Co. CEO Mark Miles.

Noblesville company taking on industry giants with healthier snacks

The Darlington snack company for 30 years peddled sweet treats to large institutional users—think schools, hospitals and nursing homes. But growing concerns over America’s obesity epidemic have the small Noblesville company hanging its hopes on healthier fare: all-natural, whole-grain-rich snacks.

Stonegate Mortgage IPO a test of housing recovery

Stonegate Mortgage—potentially the first company in Indianapolis to go public since ExactTarget in 2012—plans to entice investors with a nationwide expansion, a diversified income stream, and the prospect that federal reforms will benefit such loan aggregators.

Amtrak upgrades would boost ridership, cost millions

Improvements to Amtrak’s Hoosier State service between Indianapolis and Chicago would boost ridership and revenue, but there’s no scenario under which the line would pay for itself, a study says.

Body found in north-side pond

Indianapolis police are investigating the death of a man whose body was found Thursday morning in a pond in the Carlyle Court Apartments complex near East 96th Street and North College Avenue. Police say a maintenance worker found the body.
 

Man in custody after standoff

Members of the Indianapolis Special Weapons and Tactics team took a 41-year-old man into custody at about 2:30 Thursday morning after he barricaded himself in his mother’s downtown apartment for more than six hours. The mother, who lives on the 19th floor of Barton Tower in the 500 block of Massachusetts Avenue, told authorities her son, who has emotional issues, came for a visit but refused to leave. She called police after he fired a handgun out of her patio window.  Officers used tear gas and flash grenades to flush the man from the apartment.
 

Bradway services draw hundreds

Hundreds of police from around the state arrived downtown Thursday morning to attend the funeral and procession for fallen Indianapolis officer Rod Bradway. Bradway, a five-year veteran of the force and father of two, was killed Friday morning at Eagle Pointe Apartments as he stormed a second-floor apartment where he heard a woman screaming. He will be buried in the Heroes of Public Safety section of Crown Hill Cemetery on Thursday afternoon.

 

Billionaire Indiana native launches company with Indy group’s help

Billionaire and Indiana native Todd Wagner has launched his latest enterprise with help from a group of Indianapolis entrepreneurs. The company, Chideo, will move out of beta testing and formally launch in early 2014. The business legally incorporated in March 2012 in Indianapolis, where he created the website with partners at Developer Town, a design […]

Ball State president rewarded with pay raise

Jo Ann Gora is getting a 3.5-percent pay hike months after her salary drew attention when deferred compensation and incentives pushed it to nearly $1 million.

Will new Ron Howard movie help or hurt IndyCar?

While the movie titled Rush, which opens Friday, puts the spotlight on open-wheel racing, its focus is on Formula One, not IndyCar. And if it implies that F1 is superior to IndyCar, that could dent the U.S.-based series' image.

Lilly shares dip after cancer treatment misses goal

Eli Lilly said a potential breast cancer treatment missed its main goal in a late-stage study. However, the drugmaker will seek approval to use the treatment in stomach cancer patients after ramucirumab performed better in a separate study.

Sides speak out in hearing over so-called ag-gag bill

The debate before the Economic Development Study Committee comes five months after House Speaker Brian Bosma killed a bill that would have made it a crime to secretly shoot photos or video on private property with the goal of harming a business.