After six hard years, the locally based Q&A service has positive earnings and expects revenue to more than double this year. Founder and entrepreneur Scott Jones reveals how the firm turned the corner.
Restaurant roundup highlights: Daytime chain First Watch is headed downtown; Ohio favorite Matt the Miller’s Tavern is expanding to Carmel; and local owners are preparing to debut a new cigar and cocktail bar in Broad Ripple.
-T2 Systems leased 17,801 square feet at 8900 Keystone Crossing. The tenant was represented by Chris Carmen of Carmen Realty Group. The landlord, Philadelphia-based BPG Properties Ltd., was represented by John R. Robinson and Abby L. Cooper of Jones Lang LaSalle.
-Sabic Polymer Shapes LLC leased 14,400 square feet of industrial at 1350 Brookville Way. The landlord, Drilling World, was represented by Dustin Looper of Colliers International. The tenant represented itself.
-Outbound Technologies leased 8,269 square feet of industrial space at 7320 E. 86th St. The tenant was represented by Michael Semler of Cassidy Turley. The landlord, East 86th Street Partners, was represented by Drew Augustin of Alliance Commercial Real Estate.
-Yarling & Robinson leased 5,353 square feet of office space at 151 N. Delaware St. The tenant was represented by Michael Semler of Cassidy Turley. The landlord, Hertz Indianapolis One LLC, was represented by Crystal Houston of CBRE.
-McCormick Advertising Co. leased 3,092 square feet of office space at Delaware Crossing I, 10150 Lantern Road, Suite 260, Fishers. The tenant was represented by Josh McNair of RE/MAX Legends Group. The landlord, Genesis Development Group LLC, was represented by Paul Dick and Kevin Dick of Colliers International.
-Pediatric Nursing Specialists/MCH Services renewed its lease for 2,442 square feet of office space at 3500 Depauw Blvd. The landlord, Sterling American Property Inc, was represented by David Moore, Darrin Boyd and Bennett Williams of Cassidy Turley. The tenant represented itself.
-The Dodson Group Inc. leased 2,400 square feet of industrial space at 1322-1438 Sadlier Circle. East Drive. The tenant was represented by Michael Semler of Cassidy Turley. The landlord, First Industrial Realty Trust, was represented by Mary Sullivan of First Industrial Realty Trust.
-Four Quadrant Wealth Advisors Inc. leased 2,136 square feet of office space at Cornerstone Commons, 912 S. Rangeline Road, Carmel. The landlord, B&D Carmel Properties LLC, was represented by Paul Dick and Kevin Dick of Colliers International. The tenant represented itself.
-Cain Brothers & Co. LLC renewed its lease for 2,106 square feet of office space at 3500 Depauw Blvd. The landlord, Sterling American Property Inc., was represented by David Moore, Darrin Boyd and Bennett Williams of Cassidy Turley. The tenant represented itself.
-Capital Blueprints Inc. leased 1,942 square feet of office space at Delaware Crossing II, 10100 Lantern Road, Suite 125, Fishers. The landlord, Genesis Development Group LLC, was represented by Paul Dick and Kevin Dick of Colliers International. The tenant represented itself.
-HEG Network leased 1,763 square feet of office space at 10385-10439 Commerce Drive, Carmel. The landlord, Coastal Partners LLC, was represented by Bennett Williams of Cassidy Turley. The tenant represented itself.
-Carole A. Maguire & Kelly A. Ernsperger renewed a lease for 1,238 square feet of office space at 6515 E. 82nd St. The landlord, NorthStar Realty Finance Corp., was represented by David Moore and Darrin Boyd of Cassidy Turley. The tenants represented themselves.
-Automated Payroll Services LLC leased 1,161 square feet of office space at 12315 Hancock St., Carmel. The tenant was represented by Drew Pattyn of Northern Commercial. The landlord, Carriger Properties LLC, was represented by Bryan Miller of Cassidy Turley.
Founder Martha Hoover expects to open two new restaurants by the end of the year and as many as six more by 2020, including eateries outside central Indiana.
Employers say extended service could bring acces to job prospects in Marion County
The Central Indiana Regional Transportation Authority has announced fares for a new reverse-commute shuttle-bus service from park-and-ride lots in Carmel and Fishers. The service begins Monday.
enVista LLC, which provides enterprise and supply chain consulting services, plans to add nearly 100 workers by 2016 as part of a $1.2 million expansion at its Carmel headquarters on North Meridian Street.
Houses in communities that are easy to navigate on foot command a higher price-per-square-foot.
The spectacular flameouts of some startup firms underscores the risk of relying on infusions of federal money to keep a business viable.
Carmel Mayor Jim Brainard might relinquish his political trump card in an effort to refinance some of the $240 million in debt that’s weighing on the city’s tax-increment finance districts.
Danny O’Malia, longtime leader of his family’s Indianapolis-based grocery store business, now offers his customer-service-driven advice through his own consulting firm.
Changes made five years ago in state property-tax laws have strangled the school district in wealthy Zionsville, while schools in neighboring blue-collar Lebanon are in solid financial shape.
Indiana High School Athletic Association Commissioner Bobby Cox and state Sen. Mike Delph have announced an 11-stop statewide tour to discuss Indiana's class basketball system.
What did the founder of Cafe Patachou learn from Butler's Brad Stevens? Why not try franchises? Martha Hoover responds in Part II of her IBJ interview.
Businessman Donald Hamilton faces one count of health care fraud, five counts of false statements in a health care matter and two counts of money laundering. He faces a maximum sentence of 55 years if convicted on all counts.
Indianapolis-based Strand Diagnostics LLC will receive up to $30 million in investment capital over the next three years from Los Angeles-based NantWorks LLC, a seed-stage investment firm, the companies announced last week. Strand Diagnostics makes the Know Error system, which uses bar coding and DNA matching to make sure biopsy samples are matched to the correct patients when submitted to its labs for testing. The investment capital will help it scale up its operations and sales efforts, the company said in a news release. NantWorks is the same company that announced in January it would sink $85.5 million into a former Pfizer Inc. plant in Terre Haute to produce injectable drugs for use in cancer patients and in critical care situations. NantWorks predicted the plant would employ 234 people by 2016. Strand Diagnostics, which operates a testing lab south of Indianapolis International Airport, launched Know Error in 2009. The company has 58 employees, with 48 of them in Indiana.
The Federal Trade Commission gave the OK to the marriage of Express Scripts Inc. and Medco Health Solutions Inc., two pharmacy benefit managers that combined employ 800 people in the Indianapolis area. The $29 billion deal, according to Bloomberg News, would create the nation’s biggest manager of prescription-drug benefits for corporate and government clients. But it is unclear how the merger will affect staffing at St. Louis-based Express Scripts' facility near Indianapolis International Airport and Medco’s distribution center near Whitestown. A combined Express-Medco would handle 34 percent of prescriptions in the U.S. this year, according to Adam Fein, president of Pembroke Consulting Inc. in Philadelphia, who is a consultant for Express Scripts. However, that share will shrink to 29 percent next year because Minnesota-based UnitedHealth Group Inc. switched from Medco to its own pharmacy benefits unit, OptumRx.
Federal authorities charged a Carmel man on Friday with using his Indianapolis business to defraud the Indiana Medicaid program of more than $1 million. Donald Hamilton, 49, allegedly used his company, Hamilton Medical Inc., to generate false invoices showing that compression stockings for another of his companies, Indianapolis-based Compression Etc., cost almost three times what he paid for them. Hamilton sent invoices to the Indiana Medicaid program for reimbursement for an amount much higher than allowed by law, according to charges announced by Joseph Hogsett, U.S. attorney for the Southern District of Indiana. He said the investigation was a collaborative effort among the Department of Health and Human Services, Federal Bureau of Investigation, the Internal Revenue Service’s criminal investigations unit and the Indiana Attorney General’s Medicaid fraud control unit.
Roche Diagnostics Corp. plans to eliminate about 80 information technology jobs at its Indianapolis-area campus over the next two years. The first round of reductions is to be completed by June 30. The IT workers are actually part of Roche Group’s global pharmaceutical informatics unit, but live in the Indianapolis area, said Roche spokeswoman Julie Bower. Roche employs about 3,000 people at its Indianapolis and Fishers facilities. The company’s worldwide headquarters are in Basel, Switzerland.
Warsaw-based orthopedic implant maker Biomet Inc. agreed to pay $22.7 million to settle allegations that it bribed government-employed doctors in Argentina, Brazil and China for more than eight years to win business with hospitals. The Justice Department and the Securities and Exchange Commission announced the settlements March 26. Biomet will pay a $17.3 million criminal penalty but won't be prosecuted by the Justice Department if it institutes strict internal controls to prevent bribery and hires an expert to monitor its compliance for 18 months. Biomet, which operates in about 90 countries, also agreed to pay $5.4 million in restitution to resolve the SEC's civil charges. Biomet is the third medical device company—in addition to New Jersey-based Johnson & Johnson and U.K.-based Smith & Nephew plc—to pay a criminal penalty and sign a deferred-prosecution agreement in the government's investigation into bribery by medical device makers of doctors employed by governments overseas.
-Jacobson Warehouse Co. renewed its lease and expanded into 333,566 square feet of industrial space at 600 S. Perry Road, Plainfield. The tenant was represented by Joe Lauinger of Mohr Partners. The landlord, Westminster Plainfield LLC, was represented by Luke Wessel of Cassidy Turley.
-Rolls-Royce Corp. leased 81,500 square feet at 5345 Decatur Blvd., formerly known as the National Building, in Ameriplex Industrial Park. The tenant was represented by Michael D. Cook, David R. Byard and Chris Alexander of UGL Services. The landlord, Sacramento-based North Market Center LP, was represented by Michael Weishaar of Cassidy Turley.
-Paintman Auto Body LLC leased 8,680 square feet of industrial space at 4000 W. 10th St. The tenant was represented by Rob Christman of Colliers International. The landlord, Speedway Industrial Park LP, was represented by Bill Byram of Cassidy Turley.
-Shoe Show renewed its lease for 4,975 square feet of retail space in Esquire Plaza, 8101-E Pendleton Pike. The landlord was represented by Sandor Development. The tenant represented itself.
-Tienda Morelos renewed its lease for 4,000 square feet of retail space in Honey Creek Plaza, 5324 W. 38th St. The landlord was represented by Sandor Development. The tenant represented itself.
-Dots renewed its lease for 3,600 square feet of retail space in College Park Plaza, 3475 W. 86th St. The landlord was represented by Sandor Development. The tenant represented itself.
-Youniforms leased 3,500 square feet at Madison on the Mall, 1211 N. Madison Ave., Suite J, Greenwood. The landlord, Murnel Property LLC, was represented by Tracey Holtzman of Midland Atlantic Properties. The tenant represented itself.
-Bi Quin Shao restaurant leased 3,145 square feet at Pyramid Shops, 3502 W. 86th St. The tenant was represented by Jeff Hubley of Midland Atlantic Properties. The landlord, Centre Properties, was represented by Dean Almas of Sitehawk Retail Real Estate.
-Mi Casita Mexican Restaurant leased the freestanding 2,268-square-foot building at 5410 W. 34th St. The tenant was represented by Kelli Membreno of Libertad Real Estate. The landlord, Conrad Properties LLC, was represented by Tracey Holtzman of Midland Atlantic Properties.
-Great Clips renewed its lease for 2,000 square feet of retail space in Norgate Plaza, 7225-A N. Keystone Ave. The landlord was represented by Sandor Development. The tenant represented itself.
-Innovative Financial Partners LLC leased 1,900 square feet at 6350 Shadeland Ave. The tenant was represented by Darrel Pike of Pike Real Estate Services. The landlord, Shadeland Forest Realty Co. LLC, was represented by Joe Lonnemann of Ambrose Property Group.
-Koko Fit Club leased 1,800 square feet at Prairie Lakes Shopping Center, 14350 Mundy Drive, Noblesville. The landlord, Prairie Lake Development LLC, was represented by Tracey Holtzman of Midland Atlantic Properties. The tenant represented itself.
-Moorehead Communications renewed its lease for 1,600 square feet at Emerson Commons Shoppes II, 6815 S. Emerson Ave. The landlord, Emerson Commons II, was represented by John Baker of Sitehawk Retail Real Estate. The tenant represented itself.
-Health Mart Pharmacy leased 1,440 square feet at Hunter’s Quest, 102 E. Carmel Drive, Carmel. The tenant was represented by Jodi Milto of Midland Atlantic Properties. The landlord, The Fineberg Group, was represented by Patrick Boyle of Midland Atlantic Properties.
Healthcare Trust of America now handles property management and leasing for 29 buildings formerly managed by Hokanson Cos.
MyJibe co-founder Mike Langellier is among a new generation of tech entrepreneurs in the Indianapolis area that benefits from a host of support their predecessors never enjoyed.
