Flea market to take over south-side bowling alley
City Flea Market has filed plans to take 15,000
square feet in the former Sport Bowl, a south-side institution for 67 years that closed in May 2008.
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Indianapolis office vacancy rates still rising
Vacancy rates in the downtown and Keystone at the Crossing markets climbed in the past six months, according to
Meridian
Real Estate’s latest report, but the market shows signs of stabilizing.New rendering unveiled for Penn Arts redevelopment
Check out a brand new rendering of the redevelopment of the Penn Arts building.
Farmers Bank opening two branches in Hamilton County
Frankfort-based bank plans to open locations in Fishers and Noblesville as part of its plan to expand its presence in Hamilton
County.Indy restaurant roundup: Ripple Inn, Sinking Ship, Longhorn Steakhouse
New restaurants including The Ripple Inn, The Sinking Ship and Longhorn Steakhouse are planned for the Indianapolis area.
Plans for $32M development near Herron-Morton Place neighborhood move forward
A $32 million plan to replace a troubled low-income housing project at 16th Street and Park Avenue cleared a final hurdle
Wednesday at
a hearing of the Metropolitan Development Commission. Check out renderings.Property shuffle aims to connect police, fire services with neighborhoods
The city plans to open police-and-fire hubs in two former IPS schools, retrofit
an Eastgate mall department store into an Emergency Operations Center, and build at least two fire stations.Leases/leasing contracts
-Maintenance Supply leased 49,977 square feet at Gateway Park Building II, 851 S. Columbia Road, Plainfield. The tenant was represented by Kevin Kempf of Cassidy Turley and Bill Littleton of Colliers International. The owners of the building, HSA Commercial and Coastal Partners LLC, were represented by Terry Busch, Nikhil Gunale and John Hanley of CB Richard Ellis.
-Holdsworth North America Inc. leased 14,373 square feet at 2840 Fortune Circle East, Suites D, E and F in a renewal that included a 4,898-square-foot expansion. The tenant was represented by Ryan Kelly and Steve Schaub of Summit Realty Group. The landlord, Blue Real Estate, was represented by Brian Buschuk and Jake Sturman of Jones Lang LaSalle.
-Indiana Bank & Trust leased 12,163 square feet of office space at Pan American Plaza, 201 S. Capitol Ave. The tenant was represented by John Crisp of Cassidy Turley. The landlord, Pan Am SCE I LLC, was represented by Bennett M. Williams and Pete Anderson of Cassidy Turley.
-Develop Indy subleased 9,500 square feet in the Chase Tower. The tenant was represented by Jon Owens and Brian Meeks of Cassidy Turley. The sublandlord, J. Walter Thompson USA, was represented by Dan Richardson and John Vandenbark of CB Richard Ellis.
-Tabor Law Firm LLP leased 5,939 square feet at Three River Crossing, 3610 River Crossing Parkway. The tenant was represented by Jon Owens of Cassidy Turley. The landlord, River Crossing Three LLC, was represented by John Vandenbark and Dan Richardson of CB Richard Ellis.
-Bedel Financial Consulting leased 5,720 square feet at One River Crossing. The tenant was represented by Darrell Pike of Pike Real Estate Services. The landlord, Franklin Street Properties, was represented by Dan Richardson and John Vandenbark of CB Richard Ellis.
-The Greater Greenwood Chamber of Commerce leased 2,305 square feet in Greenwood Commerce Center, 65 Airport Parkway, Greenwood. The tenant was represented by Cathy Richards of Grubb & Ellis Harding Dahm & Co. The landlord, TDH Investments LLP, was represented by Darrell Pike of Pike Real Estate Services LLC.
-Hoosier Broadcasting Corp. leased 2,250 square feet at 3500 DePauw Blvd. The tenant was represented by Matt Waggoner of Summit Realty Group. The landlord, CP Pyramid Associates LP, was represented by David A. Moore, Darrin L. Boyd and Bennett Williams of Cassidy Turley.
-The Law Offices of Diamond Z. Hirschauer leased 1,662 square feet at Market Square Center, 151 N. Delaware St. The landlord, Hertz Indianapolis One LLC, was represented by Crystal Houston and Dan Richardson of CB Richard Ellis. The tenant represented itself.
-RCS Holdings LLC leased 1,012 square feet in SePro Tower, 11550 N. Meridian St.. The landlord, SePro Corp., was represented by Bill Ehret and Rebecca Baer of Summit Realty Group. The tenant represented itself.
-The former Donatos Pizza location at 7126 East 116th St., Fishers, assigned its ground lease to The Farmers Bank. Donatos was represented by Jeff Hubley of Midland Atlantic. Farmers Bank was represented by Michael House of Peacock Properties.
-DWC Restoration Co. leased 750 square feet in the Oaks Business Centre, 500 S. Polk St., Greenwood. The tenant and landlord, Greenwood Oaks Investments LLC, were represented by Cathy Richards of Grubb & Ellis Harding Dahm & Co.
Penn Arts developer buys another historic Indy apartment building
A prolific developer of urban apartments has acquired another building near downtown and plans to turn it into an affordable
artists' community.Reverie Estate buys another downtown Indianapolis apartment building
The prolific developer of urban apartments plans to turn the building into an affordable artists’ community.
Downtown Clarian project expected to create 1,200 jobs
Neurosciences center and administrative building would employ workers with annual salaries ranging from $27,000 for clerical staff to as high as $104,000 for management.
Kite lands new tenants for Fishers shopping center
Kite Realty Group Trust has landed Goodwill, Dollar Tree and Mexico City Grill for a renovation of its Fishers Station shopping center at the northeast corner of 116th Street and Allisonville Road in Fishers.
New outlook for a decrepit city neighborhood
Just a few minutes northeast of vibrant Monument Circle lurks the most notorious graveyard of Indianapolis’ industrial heyday—at least 70 of the city’s 500 brownfields. Now planners and developers aspire to revitalize the most contaminated neighborhood in Indianapolis into a success story.
Fishers shopping center lands new tenants
Kite Realty Group Trust has landed Goodwill, Dollar Tree and Mexico City Grill for a renovation of its Fishers Station shopping center.
Clarian expanding neurosurgery unit, aiming for national draw
Methodist Hospital is spending $27 million to renovate its neurosurgery suites as the centerpiece of a big expansion its owner, Clarian Health, hopes will create nearly 1,200 jobs over the next decade and vault Methodist into the top 10 neurosurgery sites in the nation.
Burned restaurant ready to reopen
A popular restaurant on the east side of Indianapolis that burned in January is set to reopen Sunday. Texas Roadhouse, 16th Street and Shadeland Avenue, was rebuilt from the ground up. It took firefighters, battling cold weather and frozen hydrants, more than two hours to get the fire under control.
Fishers becomes draw for seniors projects
One skilled-care facility is about to open and another will break ground this month.
Warsaw bank jumps into Hamilton County fray
Lake City Bank dipped its toe in the Indianapolis market in 2006 with a loan-production office and now has bigger ambitions.
Hoosier Lottery moving to Meridian Street building
The lottery will move in January to the Buick, a 60,000-square-foot building at 13th and Meridian streets owned by principals of Shiel Sexton Construction.
Developer of senior housing buys big tract near Zionsville
Baptist Homes of Indiana Inc. closed Sept. 17 on 159 acres that encircle the Golf Club of Indiana.