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SW Indiana leaders say area must seize I-69 prospects

The opening of the Interstate 69 extension's first section in southwestern Indiana next week presents economic opportunities that some business and government leaders say the area must seize.

Truck-parts supplier expanding in Plainfield, adding 82 jobs

Troy, Mich.-based Meritor Inc., a global supplier of commercial truck parts, said it will consolidate North American remanufacturing operations by moving production from Ontario, Canada, to its facility in Hendricks County.

IU: Growth of Indiana’s labor force slowing rapidly

The Indiana Business Research Center attributes the predicted slowdown during the next 30 years to an increasing number of baby boomers entering retirement and a cresting of the decades-long rise in female labor force participation.

Hostess plant closings so far spare Indy, Columbus

The maker of Wonder bread and Twinkies said it is permanently closing plants in Cincinnati, Seattle and St. Louis. The company has about 875 workers in Indiana, about half of them members of the striking bakers' union.

Construction

-JMB Contractors is completing a 1,817-square-foot office build-out for Manpower Inc. at 7216 N. Keystone Ave., Suite D. -JMB Contractors is completing a 2,836-square-foot office build-out for Artemis Medical Group at 14555 Hazel Dell Parkway, Carmel.

Residential

The average rate for 30-year mortgages was unchanged at 3.57 percent in the week ended Nov. 7, according to Bankrate.com. The rate for 15-year mortgages fell from 2.89 percent to 2.88 percent.

Leases/leasing contracts

-Kittle's Home Furnishings Center Inc. leased 33,032 square feet of retail space at 7565 U.S. 31 South. The tenant was represented by Mark Perlstein of Sitehawk Retail Real Estate. The landlord, Nationwide, was represented by Bill French of Cassidy Turley.   

-Earth Fare leased 25,000 square feet at Rangeline Crossing, formally known as The Centre, 116th Street and Rangeline Road, Carmel. The tenant was represented by Danielle Harris of Hourglass Development. The landlord, KRG Centre LLC, was represented by Jeff Wright of Kite Realty Group.

-Northern Indiana Public Service Co. leased 12,439 square feet at 150 W. Market St. The tenant was represented by Matt Waggoner and Bill Ehret of Summit Realty Group. The landlord, National Education Association, was represented by Matt Langfeldt and Rich Forslund of Summit Realty Group.

-RecordsPro/Shred Monkey Document Shredding Imaging & Storage Co. leased 12,000 square feet at 6300 Brookville Road, Bldg. A. The landlord, Kostoff Properties, was represented by Joe Kostoff. The tenant represented itself.

-Peoples Bank leased 7,100 square feet at 550 Congressional Blvd., Carmel. The landlord, Trigild, was represented by Matt Langfeldt and Rich Forslund of Summit Realty Group. The tenant represented itself.
 
-Old National Bank leased a 5,600-square-foot outlot at Rangeline Crossing, formally known as The Centre, 116th Street and Rangeline Road, Carmel. The landlord, KRG Centre LLC, was represented by Mark Jenkins of Kite Realty Group. The tenant represented itself.

-Drakes restaurant leased 5,428 square feet at Clearwater Crossing, 3716-3960 E. 82nd St. The tenant was represented by Rob Warstler of Colliers International. The landlord, Broadbent Co., was represented by John Beuoy of Broadbent.

-Lawrence Baking Co. leased 4,641 square feet of retail space at Esquire Plaza, 8143 Pendleton Pike. The landlord was represented by Jeff Roberts of Sandor Development. The tenant represented itself.

-Panera Bread leased 4,019 square feet at Rangeline Crossing, formally known as The Centre, 116th Street and Rangeline Road, Carmel. The tenant was represented by Connie Niessink of Niessink Commercial Real Estate Inc. The landlord, KRG Centre LLC, was represented by Jeff Wright of Kite Realty Group.

-Golden Mon Mart leased 2,893 square feet at Castleton Place, 5836-5896 E. 82nd. St. The landlord, Broadbent Co., was represented by Jim Mosher of Broadbent. The tenant represented itself.
 
-Pink Slipper Dance Studio renewed its lease for 2,275 square feet and added an additional 1,250 square feet at Harbourtown Center, 15-17 Harbourtown Center, Noblesville. The landlord, Harbourtown Center LLC, was represented by Bill Ernst of Charter Commercial Realty Group. The tenant represented itself.

-Yogo Land Premier Yogurts leased 1,300 square feet at 98 A N. 10th St., Noblesville. The landlord, 98 N 10th LLC, was represented by Bill Ernst of Charter Commercial Realty Group. The tenant represented itself.

-Cookies by Design leased 1,291 square feet at Glendale Town Center, 6101 N. Keystone Ave. The landlord, Glendale Centre LLC, was represented by Andrew Hasbrook of Kite Realty Group. The tenant represented itself.

-Tips ‘n Toes nail salon leased 1,195 square feet at Glendale Town Center, 6101 N. Keystone Ave. The landlord, Glendale Centre LLC, was represented by Andrew Hasbrook of Kite Realty Group. The tenant represented itself.

-Himalaya Kabob Korner leased 1,500 square feet at Castleton Shoppes, 6024-6066 E. 82nd St. The landlord, Broadbent Co., was represented by Jim Mosher of Broadbent. The tenant represented itself.

-Vitty's Alterations leased 1,000 square feet at Lafayette Shoppes, 3840-3882 Lafayette Road. The landlord, Broadbent Co., was represented by Jim Mosher of Broadbent. The tenant represented itself.

Sales/acquisitions

-Jordan Fishers LLC bought a 9,800-square-foot office building at 11087 Village Square Lane, Fishers. The seller, Tom English Real Estate, was represented by Keith Dedrick of Corporate Commercial Group. The buyer represented itself.

-India Garden Restaurant bought a 20,000-square-foot office/retail building at 207-211 Delaware St. The seller, 201 N Delaware LLC, was represented by Matt Langfeldt and Rich Forslund of Summit Realty Group. The buyer represented itself.

-Meridian Design Associates Limited bought four acres of land at Anson in Zionsville. The buyer was represented by Rob Schick and Rory Underwood of Revel & Underwood Inc. The seller, Duke Realty Corp., was represented by Bo Leffel and Dan Meador of Cassidy Turley.

One Mass Ave project starts; another one is in limbo

Insight Development has begun building an $11.5 million, 61-unit apartment project at Massachusetts Avenue and East and North streets. But  the fate of the second phase is up in the air because its financing had been tied to a project Insight and Flaherty & Collins Properties had hoped to develop across Mass Ave at the site of the Indianapolis Fire Department headquarters.

Allison Transmission workers may strike this week

Members of United Auto Workers Local 933, which represents roughly 1,500 hourly workers, could declare a strike if negotiators do not reach an agreement with Allison Transmission by a Wednesday deadline.

Teacher killed in explosion honored

About a hundred people held candles and stood together outside Southwest Elementary School in Greenwood on Sunday night to remember a second-grade teacher killed in an explosion. Jennifer Longworth and her husband, John Dion Longworth, died when their home in the Richmond Hill neighborhood blew up Saturday. Many of Longworth's colleagues and students attended the vigil. The school had a two-hour delay Monday morning and is making grief counselors available for students and faculty.

Memorial set for “Big” John Gillis

A memorial service for local radio icon “Big” John Gillis is scheduled for Saturday. Gillis, 65, who died at his Broad Ripple home Friday night, was well-known as the traffic reporter for WIBC for nearly three decades before retiring in 2007. Visitation is set for noon at Flanner & Buchanan Funeral Home followed by a service at 2 p.m. A family spokesman said Gillis had recently developed breathing problems.

Company news

Indianapolis-based Indigo Biosystems Inc., a scientific software provider, plans to add 63 jobs by 2015 as part of a $1.4 million expansion. The company, headquartered at 20 E. 91st St. in Woodland Corporate Park IV, now has about 30 employees and is hiring engineers, mathematicians, scientists and project managers. Using advanced algorithms, Indigo’s cloud-based software enables analytical laboratories to automate diagnostic tests performed on millions of patient samples every year. The company was founded in 2004 by Dr. Randall K. Julian Jr. as a project of the Lilly Ventures arm of drugmaker Eli Lilly and Co. Indigo became an independent company in 2008.

Health officials developing a statewide trauma system say Indiana needs more than the eight trauma centers it currently has, according to the Associated Press. The State Department of Health trauma prevention experts say only 58 percent of Indiana residents live within 45 minutes of one of Indiana's eight trauma centers certified by the American College of Surgeons. Three are in Indianapolis—at Wishard Memorial Hospital, Indiana University Health's Methodist Hospital and St. Vincent Indianapolis Hospital. There are also two each in Fort Wayne and Evansville and one in South Bend. Traumatic injuries are the top killer of Hoosiers under age 45, and injuries hospitalize more than 32,000 people each year. About 3,700 injuries resulted in death in 2009, the most recent data available.

The Indianapolis-based Regenstrief Institute has signed a five-year agreement with New Jersey-based drugmaker Merck & Co. Inc. to explore new methods for studying diseases and interventions for chronic conditions such as diabetes, cardiovascular disease and osteoporosis. Financial details of the collaboration were not disclosed. “With Merck’s depth of expertise and its global reach, we hope to develop and test new approaches to care, and advance successful models of health care broadly,” said Dr. Jon Duke, Regenstrief’s innovations officer. The two organizations think their work can improve drug development and the safety of medicines, as well as advance the personalization of medical treatments.

People

Dr. Zeba Madni, a psychiatrist, has joined Wishard Health Services. She received her medical degree in India and completed her residency in general psychiatry at Indiana University.

Dr. George Sheng, a vascular surgeon, has joined the CorVasc surgical practice, which is part of the St. Vincent Medical Group in Indianapolis. Sheng earned his bachelor’s degree in biology from Trinity University. He received his medical degree from Vanderbilt University School of Medicine in Nashville, Tenn.

Adam Horst, director the Office of Management and Budget under outgoing Gov. Mitch Daniels, will become vice president and controller at Indiana University Health. Horst will work under IU Health CFO Ryan Kitchell, who also was Horst’s boss for time in the Daniels administration. Horst holds a master’s degree in political science from Massachusetts Institute of Technology and a bachelor’s degree in government and psychology from Dartmouth College.

Hostess mulling Indiana plant closures after walkout

A Hostess spokesman said the company is debating whether it will close its Indiana plants after workers went on strike on Friday. Hostess employs about 875 workers in Indiana, including 288 in Indianapolis.