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Articles
Barber shop thrives on retro appeal
Brownsburg’s Everyday Joe’s Barber Shop offers personal touch and a retro look.
Construction
-Capitol Construction Services Inc., Fishers, has started a 5,254-square-foot tenant build-out for Encore-Sotheby’s
International Realty at 9510 N. Meridian St. The project is scheduled to be completed Jan. 8.-D.B. Klain Builders
LLC, Carmel, recently completed tenant interior renovations of 5,253-square-feet of office space at 4005 Vincennes Road. The
space is occupied by Pillow Express Logistics.-D.B. Klain Builders LLC, Carmel, recently completed tenant build
out of a1,750-square-foot office space located at 1007 3rd Ave., SW, Carmel. The space is occupied by Comm Works.SPECIAL REPORT: Financial travails dog ‘mystery man’ at helm of Premier Properties
An IBJ review of hundreds of pages of public records shows Christopher P. White and his Premier
Properties USA Inc. are facing major financial and legal challenges. The most glaring signs of trouble: Contractors have filed
more than $3.5 million in liens against Premier’s retail properties in Plainfield; the state of Indiana is trying to
recover $375,000 in sales taxes on White’s airplane; and the contractor who renovated his Lake Clearwater mansion
is suing him to recover more than $600,000 in unpaid bills.Fledgling technology park is development bright spot
WestGate@Crane Technology Park is adding office buildings for defense contractors next to the secretive Naval Surface Warfare
Center at Crane.Home-construction starts, permits plunge unexpectedly
The Commerce Department said Wednesday that construction of new homes and apartments fell 10.6 percent in October, to the
lowest level since April.Civic Theatre confirms plans to relocate to Carmel
Indianapolis Civic Theatre will move from the campus of Marian University to the Regional Performing Arts Center under construction
in Carmel. The theater and Carmel Redevelopment Commission released a joint statement Tuesday announcing a long-term deal
that calls for the Civic to pay $10 million to be the center’s primary occupant.Construction
-Hagerman Inc. has been named general contractor and MD Architects PC is the designer of a $1 million expansion and renovation of Bangs Laboratories, 9025 Technology Drive, Fishers. The project, which will add 7,500 square feet, is to begin this month and be completed by April.
-Alt Construction has started work on a 3,000-square-foot tenant build-out for Optimal Wellness at 4545 Northwestern Drive, Fishers. The project is scheduled to be completed by the end of this month.
-Alt Construction is finishing a 2,210-square-foot tenant build-out for Dr. Adam W. Brazus at 8433 Harcourt Road.
City program benefits veteran-owned businesses
The city’s Veteran Business Enterprise program aims to increase the representation of veteran-owned businesses on city projects—an
effort that has generated $217,000 in contracts for such firms so far.Traffic down at new Indianapolis airport terminal
The new terminal at Indianapolis International Airport has seen a 10-percent decline in passengers during its first year.
Allen Plaza developer bullish on downtown, eager for next project
J. Greg Allen sees the $14 million Allen Plaza renovation as a message to city leaders that he intends to leave
a lasting mark on downtown.Suburban counties building outer loop to avoid Indianapolis
Counties wanting to speed traffic among suburbs are building highways to avoid having to travel into Indianapolis. The result,
a 100-mile outer loop beyond Interstate 465, won’t be completed for years, and it won’t be built to consistent standards,
but it might help ease congestion.Construction
-TMG Construction Management Inc., Noblesville, will begin construction next week of a new town hall for the town of Trafalgar.
The project, which includes a 1,000-square-foot expansion and 3,400-square-foot renovation of existing space, is scheduled
to be complete by the end of January.-TMG Construction Management Inc. has completed a 1,500-square-foot renovation
for Indy Laser Hair Removal at 55 S. Raceway Road.Leasing/leasing contracts
-Equicor Real Estate Development and Investment hired Jones Lange LaSalle as leasing agent for Waterplace Park, a 113,000-square-foot, four-building complex at 8925 N. Meridian St., and for the 74,000-square-foot Fidelity Keystone Office Tower and Fidelity Keystone Office Park. John Robinson and Adam Broderick of Jones Lange LaSalle are brokers for the properties.
-Software Engineering Professionals leased 28,000 square feet in the James Building, which is under construction in Carmel City Center. The tenant was represented by Jenna Barnett of Halakar Real Estate. The owner of the building, REI Real Estate, was represented by John Robinson and Adam Broderick of Jones Lange LaSalle.
-Schiele Enterprises Inc. leased 21,000 square feet of industrial space at 2402 Shadeland Ave. The tenant was represented by Kevin B. Kempf of Colliers Turley Martin Tucker. The landlord, Shadeland Business Park LLC, represented itself.
-CornerStone Flooring leased 12,800 square feet of industrial space at 8068 Woodland Drive in Park 100. The tenant was represented by Kevin B. Kempf of Colliers Turley Martin Tucker. The landlord, Duke Realty, represented itself.
-Decatur Vein Clinic leased 2,250 square feet at 33 E. County Line Road, Greenwood. The tenant was represented by David Black of Grubb & Ellis Harding Dahm & Co. The landlord, County Line Commons LLC, was represented by Rebecca Baer of Summit Realty Group.
-Dr. Matthew Wittrig, DDS, leased 2,363 square feet at 33 E. County Line Road, Greenwood. The tenant was represented by Jim Marron of UGL Equis. The landlord, County Line Commons LLC, was represented by Rebecca Baer of Summit Realty Group.
-Triumvirate Enterprises leased 2,460 square feet at 5777 Park Plaza Court in Park Plaza Business Park. The tenant was represented by Kurt Meyer of Baseline Commercial. The owner, First Industrial Realty Trust, was represented by Mary Sullivan of First Industrial and Nikhil Gunale of CB Richard Ellis.
-Peter Municipal Consultants PC leased 1,250 square feet at South Greenwood Shoppes, 6001 N. U.S. 31, Whiteland. Cathy Richards of Grubb & Ellis Harding Dahm & Co. represented the landlord, HRCP Inc. John Vance of Keller Williams represented the tenant.
-Sweeties GT leased 2,523 square feet at Broad Ripple Station, 1081 Broad Ripple Ave. Ron Mannon of Grubb & Ellis Harding Dahm & Co. represented the tenant. The landlord, LOR Corp., was represented by Suzanne Gammon of LOR.
-LJ Stone Co. leased 806 square feet at Lake Plaza 6801 Lake Plaza Drive. Debbie Shumate of Grubb & Ellis Harding Dahm & Co. represented the landlord, Lake Plaza LLC and LeBarron Investments. The tenant was represented by Brian Dell of Summit Realty Group.
Properties in play along Market Street
Four properties for sale along a two-block stretch of East Market Street downtown are likely to offer the first signs of what’s
in store for an area real estate brokers think will get a boost from the recent removal of the Market Street interstate ramp.Greenwood seeks $75M in stimulus funds to speed road plans, lure interchange
The Johnson County community hopes an economic stimulus grant for transportation will hasten its plans to build an east-west
thoroughfare and set the stage for a new Interstate 65 interchange.RCI to become Wyndham Exchange; says Carmel jobs are safe
Despite a swooning economy that has hammered the time-share condominium industry over the last 18 months, Resort Condominiums
International continues to outperform its market. That’s not to say there hasn’t been some pain at
the company formerly headquartered in Carmel.Doctors balk at Senate attempt to cut waste
Some Indianapolis-area doctors fear a bill in the U.S. Senate would botch the way costs for tests and procedures are calculated, and ultimately
lead to a reimbursement system that works worse than the existing system.