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Sales/acquisitions
-Term Security Corp. bought the Arrowwoods and Inverness apartment communities, totaling 373 units, at 7135 Warrior Trail and 5890 Sebring Drive. The seller, Blue Valley Apartments, was represented by Tikijian Associates. The buyer represented itself.
-Chin United Apostolic Church bought two buildings totaling 19,000 square feet on 5.6 acres at 420 Lifegate Way, Beech Grove. The buyer was represented by Phil Hawkins of Indiana Real Estate Group LLC. The seller, Lifegate Ministries, was represented by Bud Green and Julia Berberich of Re/Max Centerstone Commercial Division.
-Phamily Real Estate Group LLC bought an 18,096-square-foot building at 695 Pro Med Lane, Carmel. The buyer and seller, TLR-VI LLC, were represented by Sharon Thompson of KW Commercial Indiana/Keller Williams Indianapolis Metro North.
-Horizon CPA Property Group LLC bought a 10,121-square-foot office building at 9745 Randall Drive. The buyer was represented by Pete Anderson of BI Realty Services. The seller, VCA Animal Hospitals, was represented by Paul Dick and Kevin Dick of Colliers International.
-Reagan Crossing LLC bought 12 acres of land at Ronald Reagan Parkway and Plainfield Road, Plainfield. The buyer was represented by Bud Green and Julia Berberich of Re/Max Centerstone. The seller, Six Points Road Developers LLC, was represented by Jason Speckman and Andrew Morris of Summit Realty.
-Eden Court Capital bought approximately 4.5 acres of land at 2600 E. Main St., Plainfield. The buyer was represented by Tom English and Ryan Conrad of English Commercial Real Estate. The sellers, Trent Electric and SBR Properties LLC, were represented by Bud Green and Julia Berberich of Re/Max Centerstone.
Leases/leasing contracts
-RoomPlace leased 34,000 square feet at 8401 N. Michigan Road. The landlord, Gama Properties LLC, was represented by Keith Fried of Sitehawk Retail Real Estate. The tenant was represented by Fred Feinblum of Julius M. Feinblum Real Estate Inc.
-Jane Pauley Community Health Center Inc. leased 7,763 square feet of office space at 5317 E. 16th St. The tenant was represented by Dan Laser of Re/Max Centerstone. The landlord, Con Med Ten, was represented by Bob Lindgren of Lee & Associates.
-American Mattress renewed its lease for 6,400 square feet of office space at 7565 US 31 South. The landlord, Nationwide Insurance, was represented by Bill French of Cassidy Turley. The tenant represented itself.
-Stonegate Mortgage Corp. leased 3,750 square feet of retail space in Raceway Commons, 55 S. Raceway Road. The tenant was represented by Nicholas Svarckopf of CBRE. The landlord, Raceway Commons Baceline LLC, was represented by Scot Courtney and Bart Jackson of Lee & Associates.
-BSN Sports Inc. leased 3,673 square feet of industrial space at 6828 Hillsdale Court. The tenant was represented by Patrick Lindley and Grant Lindley of Cassidy Turley. The landlord, Hillsdale Property Co. LLC, was represented by Kevin Gillihan of Jones Lang LaSalle.
-5i Solutions Inc. leased 3,316 square feet of office space in Carson Square, 3205 E. Thompson Road. The tenant and landlord, Bluebird Ventures LLC, were represented by Cathy Richards of Lee & Associates.
-Simply Skin leased 3,093 square feet of office space at 9769-9879 E. 116th St., Fishers. The landlord, Shamrock Builders, was represented by Darrin Boyd and Dave Moore of Cassidy Turley. The tenant represented itself.-Sun Spot Tanning leased 2,400 square feet at Brownsburg Square Shopping Center, 959 N. Green St., Brownsburg. The tenant and landlord, Brownsburg Management Group LTD, were represented by Jeff Hubley of Midland Atlantic Properties.
-H&R Block leased 2,400 square feet in Brownsburg Square Shopping Center, 967 N. Green St. Brownsburg. The tenant and landlord, Brownsburg Management Group LTD, were represented by Jeff Hubley of Midland Atlantic Properties.
-Fit Now Enterprises LLC leased 2,250 square feet in Fishers Trade Flex Center at 14060 Britton Park, Fishers. The tenant was represented by Tracey Holtzman of Midland Atlantic Properties. The landlord, Mann Properties, was represented by Debbie Mann.
-Orange Leaf Frozen Yogurt leased 1,807 square feet at 11722 Allisonville Road, Fishers. The tenant was represented by Tracey Holtzman of Midland Atlantic Properties. The landlord, Freeland Realty LLC, represented itself.
-Chrome Fitness leased 1,800 square feet at 116th Street Centre, 890 E 116th St., Carmel. The tenant was represented by Jess Lawhead of Sperry Van Ness. The landlord, TCP Guilford LLC, was represented by Keith Fried of Sitehawk Retail Real Estate.
-Avon Health Associates LLC leased 1,600 square feet at 9245 N. Meridian St. The tenant was represented by Ralph Balber of Newmark Knight Frank Halakar. The landlord, Echo Associates, was represented by Ashley Bussell of Newmark Knight Frank Halakar.
-Caplinger’s Fresh Catch fish market leased 1,600 square feet at Shadeland Place Shopping Center, 7460 N. Shadeland Ave. The tenant was represented by Tracey Holtzman of Midland Atlantic Properties. The landlord, MAP Shadeland LLC, was represented by Jeff Hubley of Midland Atlantic Properties.
Construction
-Capitol Construction has completed a 15,000-square-foot office build-out for Theta Chi at 850 E. Carmel Drive, Carmel.
-Capitol Construction has completed a 4,300-square-foot office build-out for Phone Pro at 11350 N. Meridian St., Carmel.
Former Simon exec sentenced in mail fraud scheme
Carmel resident Mark Palombaro received a sentence of 18 months in a federal prison for perpetrating a construction kickback scheme in Pennsylvania that prosecutors say netted him $766,000.
Auto auctioneer invests big in tech as sales go online
KAR Auction Services Inc. expects to spend as much as $125 million on technology this year as its focus continues to shift to the Web and apps.
Mass transit bill headed to conference committee
The Indiana House passed legislation to authorize new taxes for an expanded bus system but the bill is headed to a conference committee where lawmakers will try to find a compromise on the issue.
Stonegate plans to add 400 workers in expansion
The mortgage company plans to invest $6.2 million in new office space in Carmel, at the North Haven office park, helping it double its work force by 2017.
Bill adds oversight to redevelopment commissions
The Indiana House approved a Senate bill that adds transparency to redevelopment commissions and forces decades-old tax-increment financing districts to expire.
ITT delays financial statements amid student-loan probe
Carmel-based ITT Educational Inc. said it’s unable to file its 2013 annual report because of a federal investigation into its accounting practices.
J.D. Byrider adds franchises in seven states
J.D. Byrider, the largest used-car franchisor in the nation, continued its national growth spurt by opening stores in seven different states between mid-December and Monday, the Carmel-based company announced Tuesday.
Brokers trying to reverse vacancy in downtown Indy offices
The vacancy rate for Class A space approached 20 percent in 2011 for the first time in at least 15 years and kept trending upward, settling at 21.4 percent at the end of last year.
Mass-transit supporters hopeful for compromise
Supporters of competing plans to expand mass transit in central Indiana say they’ve got differences to work out before the General Assembly wraps up March 14 but they’re confident they can find resolution.
Roundup: Restaurant revival, women’s resale, Combine Cafe and more
Classically trained Chef Keith Brooks is cooking up plans for the former Eddie’s Corner Café space in downtown Noblesville. Plus: a new resale shop in Fishers, tying on the feed bag at Reynolds, Brazilian at HTC and the latest on Chuy’s.
No-holds-barred tactics lifted developer Ozdemir
Ersal Ozdemir, who heads the development and construction firm Keystone Group, has charmed elected officials for years with big ideas—and hundreds of thousands of dollars in political contributions.
Changes to U.S. 31 cause worry in Carmel
A large section of Meridian Street in Carmel will be transformed to a limited-access highway by the end of this year.
Feds’ ITT lawsuit built on reports from mystery shoppers
The shoppers, who were hired by the Carmel-based operator of for-profit colleges, generated the bulk of the material cited in the Consumer Financial Protection Bureau’s complaint.
Hamilton County considering solar energy for public buildings
Hamilton County might soon join the growing ranks of large utility users looking to hedge against rising prices by producing some of their own power.