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Retail lineup taking shape for CityWay project

CityWay has landed a fine dining restaurant, a mixology bar, a Qdoba and a frozen yogurt shop as developer Buckingham Cos. turns its attention to the retail portion of the $155 million mixed-use project.

Gregg, Pence tap women for gubernatorial tickets

Republican candidate Mike Pence toured the state Monday with his choice for lieutenant governor: state Rep. Sue Ellspermann. Democratic candidate John Gregg, meanwhile, is set to announce that longtime Senate Minority Leader Vi Simpson will join his ticket.

Construction

-Kort Builders has completed a 5,040-square-foot restaurant space for Tin Roof at 36 S. Pennsylvania St.

-Kort Builders has completed a 2,526-square-foot retail space for Massage Envy at 6815 S. Emerson Ave., Southport.

-Kort Builders has completed a 4,400-square-foot retail space for Play It Again Sports at 2332 E. 116th St., Carmel.

People

Glenn B. Davis has been promoted to president and managing director of the Indiana Region of Colliers International.

Residential

The average rate for 30-year mortgages fell from 4.02 percent to 3.97 percent in the week ended May 16, according to Bankrate.com. The rate for 15-year mortgages was unchanged at 3.2 percent.

Leases/leasing contracts

-Ingersoll Rand leased 78,200 square feet of industrial space at 2363-2383 Perry Road. The landlord, Clarion Partners, was represented by Fritz Kauffman and Bryan Poynter of Cassidy Turley. The tenant represented itself.

-Western Waterproofing Co. Inc. renewed its lease for 10,000 square feet of industrial space at 4143 Kingman Drive. The landlord, Carl Weedman Family Trust and Frank T. Kilby Trust, was represented by Bill Byram of Cassidy Turley. The tenant represented itself.

-Custom Med leased 8,000 square feet of industrial space in Corporate Center North, 6005 W. 71st St. The tenant was represented by Scott Herider and Ron Mannon of Lee & Associates. The landlord, CALEAST Industrial Investors LLC, was represented by Kyle Powell and Bryan Poynter of Cassidy Turley.

-Cerulean Restaurant leased 6,165 square feet of retail space in City Way, 339 S. Delaware St. The tenant was represented by Robyn Smart of Lee & Associates.  The landlord, NOS Hotel Partners LLC, was represented by Natasha Evans of Buckingham Cos.

-Indy Complete Fitness LLC (dba CrossFit Nap Town) leased 5,600 square feet of retail space at 609 N. Delaware St. The landlord, McKee Realty Corp., was represented by Bill French of Cassidy Turley. The tenant represented itself.

-Progressive Homecare Services Inc. leased 5,400 square feet of industrial space at 8930 Bash St. The landlord, Westminster Northeast LLC, was represented by Todd Vannatta and Bryan Miller of Cassidy Turley. The tenant represented itself.

-Perkins Restaurant renewed its lease for 4,800 square feet of retail space at 5320 E. 82nd St. The landlord, American National Insurance Co., was represented by Bill French of Cassidy Turley. The tenant represented itself.
    
-Morningstar Church leased 3,600 square feet of retail space at 2915 S. Meridian St. The tenant was represented by Cindy Hoskinson of Lee & Associates. The landlord, D&E Enterprises Inc., was represented by Cindy Hoskinson and Herb Feldmann of Lee & Associates.
 
-Tieline Technology LLC leased 2,270 square feet of office space at 7202 E. 87th St. The landlord, Westminster Northeast LLC, was represented by Todd Vannatta and Bryan Miller of Cassidy Turley. The tenant represented itself.

-Andy Tools renewed its lease for 2,265 square feet of industrial space in Park Castlewood, 8445 Castlewood Drive. The tenant and landlord, KHK LLC, were represented by Spero Pulos of Lee & Associates.

-DBR Enterprises Inc. leased 1,805 square feet of industrial space in Greenwood Oaks Business Centre, 500 S. Polk St., Greenwood. The tenant and landlord, Greenwood Oaks Investments LLC, were represented by Cathy Richards of Lee & Associates.

-MSDU Corp. leased 1,200 square feet of retail space at 1600 E. Michigan Road, Shelbyville. The landlord, Cassidy Turley, as court-appointed receiver, was represented by Jacque Haynes of Cassidy Turley. The tenant represented itself.

Sales/acquisitions

-IVC Food Services Plainfield, dba Dunkin’ Donuts, bought a 3,000-square-foot building at 2120 Stafford Road, Plainfield. The price was not disclosed. The buyer was represented by Nicholas Wright of Newbridge Commercial Real Estate. The seller, Carol Alexander, represented herself.

-Mustard Seed Cos. Inc., dba Mustard Seed Landscapes & Garden Center, bought approximately 3 acres with improvements at 77 Metsker Lane, Noblesville. The price wasn’t disclosed. The buyer was represented by Nicholas Wright of Newbridge Commercial Real Estate. The seller, Mark Fineberg, represented himself.

Q&A

Since its acquisition last year by Florida-based AssuredPartners Inc., the Indiana operations of Neace Lukens has been looking more aggressively to acquire smaller benefits brokers. In the past month, Neace Lukens has announced deals to buy Benefit Concepts, a six-person benefits consultancy in Indianapolis, and Matrix Benefits and Consulting Group, a one-person benefits shop in Fort Wayne. Eric Chelovitz, managing director of Neace Lukens’ 34-person Indianapolis office, said he expects more consolidation in the industry.

Company news

Indianapolis moved up two places on the American Fitness Index, but still ranks a lowly 43rd out of 50 large metros. The Index, released Monday by Indianapolis-based American College of Sports Medicine, gave each metro area a score based on their citizens’ preventive health behaviors, levels of chronic disease, access to health care and community resources, as well as policies that support physical activity. The Minneapolis area topped the list for the second year with a score of 76.4, followed by Washington, D.C., Boston and San Francisco. Indianapolis earned just half the points Minneapolis did. It ranked ahead of two of its Midwestern peers—Louisville and Detroit ranked 48 and 49, respectively—but behind most others. Running far ahead of Indianapolis were Pittsburgh (15th), Cincinnati (20th), Nashville (27th), Chicago (28th), Kansas City (29th), Milwaukee (30th), St. Louis (32nd) and Columbus, Ohio (40th). The analysis behind the index is supported by a grant from the Indianapolis-based WellPoint Foundation.

Biological research has been revolutionized over the past decade as large-scale machines have increasingly been replaced by tiny “lab on a chip” devices. Now West Lafayette-based Microfluidic Innovations LLC has developed and manufactured a system to help researchers program their own “lab on a chip” devices for experiments without turning to custom devices. Microfluidic Innovations' system, which was developed by researchers at Purdue University and Indiana University, allow researchers to vary the volumes and ratio of the fluids they mix, incubation and automatic fluid rotation. The chips have so far been used to detect glucose levels, sort particles and study enzyme and other chemical reactions. The small company received a $125,000 grant from the National Institutes of Health to fund its development work.

While sales of Eli Lilly and Co.’s blood thinner Effient have grown recently, so have the looming challenges for the drug. On May 17, the blockbuster Plavix lost its U.S. patent protection, meaning Effient now competes against cheaper generic versions of the drug, made by Bristol-Myers Squibb Co. Then on Monday, staff at the U.S. Food and Drug Administration recommended approval for another competitor, Xarelto, made by New Jersey-based Johnson & Johnson and Germany-based Bayer AG. A further competitor in the suddenly crowded blood thinner space is Brilinta, made by London-based AstraZeneca plc. None of the newer blood thinners are expected to match the $7.09 billion Plavix sold in 2011, reported Bloomberg News, citing Leerink Swann & Co. analyst Seamus Fernandez. He estimates Effient sales will peak in 2017 at $865 million, an increase from $303 million last year. Brilinta may reach $1.77 billion by then.
 

Woman escapes west-side fire

A woman escaped a fire early Monday morning in the 2200 block of Lafayette Road. Indianapolis firefighters were dispatched shortly after 2 a.m. to JR Auto Sales. The occupant of an upstairs apartment, 40-year-old Jodi Vitz, called emergency dispatchers, saying thick smoke and fire filled her apartment. She was not injured. The fire, which is under investigation, started in the basement.
 

Indianapolis man shot to death

A man was shot to death early Sunday morning in the 4900 block of West 34th Street. Terrell Jones, 41, of Indianapolis died at the scene about 4:30 a.m. Two male suspects, described as teenagers, were seen running westbound from the scene of the crime.
 

Pot, alcohol likely factors in fatal crash

Detectives continue to investigate why a car with five teenagers crashed into a tree Saturday morning in Brownsburg, killing an 18-year-old passenger. Police said marijuana, alcohol and speeding may have played a role in the single-car crash in the 6900 block of County Road 550E. Brownsburg High School student Nathan Gentry was killed in the crash. Passenger Shawn Bloomquist, 18, was hospitalized in critical condition. Driver Chris Hubbard, 17, and passenger Taylor LaMonte, 16, were seriously injured.
 

People

Community Physician Network added two pulmonologists at the Community South Hospital medical offices. Dr. Sultan Niazi and Dr. Faheem Abbasi provide care for patients with sleep, lung and respiratory-tract issues. Their practice is based at Community Hospital South. Niazi did his medical training at Rawalpindi Medical School in Pakistan. Abbasi earned his medical degree from Aga Khan University in Pakistan.

Dr. Larissa Dimitrov, an internist, has joined St. Francis Medical Group Geriatric Medicine. She was an attending physician at Advanced Healthcare Associates of Indianapolis and earned her medical degree at the Medical University of Sofia in Bulgaria.
 

IU Health will refund $280,000 to Medicare

Indiana University Health will refund the federal Medicare program $280,000 after an audit of almost 200 claims made by its downtown hospitals found nearly 18 percent of them had been billed improperly.

Federal court to hear Steak n Shake franchisee appeal

The case involves an Illinois franchisee of Steak n Shake that successfully sued the company over its mandatory menu and pricing policies. The company’s appeal is set to be heard Wednesday by a federal appeals court in Chicago.