Tourism has big impact in Hamilton County
Visitors spent an estimated $375 million in Hamilton County last year, according to local results released Wednesday in connection with a broader report on the economic impact of tourism in Indiana
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MISO takes control of Entergy system, extends grid to Gulf
The Carmel-based power grid operator is expanding its footprint from Manitoba and the U.S. Midwest to the Louisiana coast.
Bill to target abandoned-home epidemic in Indiana
Sen. Jim Merritt, R-Indianapolis, wants to shorten the amount of time vacant homes sit idle.
City Center expansion plans could cost $100M
Developer Pedcor Cos. unveiled conceptual designs for six more buildings at Carmel City Center that could cost as much as $100 million to build over the next four to five years.
Simon plans for spinoff get warm reception from Wall Street
After recently stalling on the stock market, shares of Simon Property Group perked up in trading Friday after the massive local firm announced plans to spin off nearly 100 retail centers into a new firm. Analysts approved of the move.
Indy-based Simon spinoff will include 13 Indiana centers
The locally based retail giant confirmed Friday morning that its new spinoff will be headquartered in Indianapolis. Several of Simon’s properties in the area will be among the new portfolio, including Clay Terrace in Carmel.
Roundup: Blow-dry bar, burger bar, Hot Mama
A new salon concept is blowing into Carmel next week. Dubbed do-tique, the dedicated blow-dry bar will offer shampoos and styling. Plus: A pop-up shop adds to its Twelve Days, and The Pint Room’s plans.
Leases/leasing contracts
-StreetLinks LLC leased 25,171 square feet at 451 E. Market St. The tenant was represented by Yumi Goodman and Sam Smith of Colliers International and Jeff Mulder of Holly Duran Real Estate Partners. The landlord, MS Operations Center Partners LLC, was represented by Mark Vollbrecht of Zeller Realty Group.
-Accelerated Inc. leased 16,824 square feet of industrial space in AmeriPlex at 5777 Decatur Blvd. The tenant was represented by Stan Elser of Lee & Associates. The landlord, McCarran Logistics Partners LP, was represented by Matt Dickerson of Jones Lang LaSalle.
-L.D. Lee Construction LLC leased 6,300 square feet of industrial space at 2205 National Ave. The tenant and landlord, Donald Kosten, were represented by Mike Medlock of Lee & Associates.
-CID Capital II Inc. leased 4,000 square feet of office space at 201 W. 103rd St., Carmel. The tenant was represented by Michael R. Semler of Cassidy Turley. The landlord, Virtu Meridian Associates LLC, was represented by Adam Broderick of Jones Lang LaSalle.
-Lewis & Wilkins LLP leased 3,867 square feet at 410 S. College Ave., Suite 100. The tenant was represented by Bryan Augustin of Alliance Commercial Group. The landlord, Von Deylen Family LLC, was represented by Sandra Jarvis of Indy Squared Commercial Properties.
-AM Facility Services Inc. leased 3,632 square feet at 6886 Hillsdale Court. The tenant, AM Facility Services Inc., was represented by Cam Kucic of Summit Realty Group. The landlord, Hillsdale Property Owner LLC, was represented by Brian Buschuk of Jones Lange LaSalle.
-Children’s Bureau Inc. leased 3,546 square feet at 1503 N. Mitthoeffer Road, Suite 100. The tenant was represented by Brooke Sipe of Alliance Commercial Group. The landlord, Mitthoeffer Associates, was represented by Brad King of RE/MAX Commercial.
-ST Logic leased 3,040 square feet at 9449 Priority Point Way, West Drive, Suite 110. The tenant was represented by Bryan Augustin of Alliance Commercial Group. The landlord, PP Indianapolis IV Project Corp., was represented by Tim Hull and Rick Trimpe of CRBE.
-Associated Reporting leased 2,435 square feet of office space at 251 E. Ohio St. The tenant was represented by Spud Dick and John Crisp of Cassidy Turley. The landlord, Hertz Investment Group LLC, was represented by Crystal Houston of CBRE.
-Cajun & Creole leased 2,366 square feet at North Willow Mall, 2274 W. 86th St. The tenant was represented by Hamada Ibrahim of RP Lux Co. The landlord, Township 86 Development Co., was represented by Keith Fried of Sitehawk Retail Real Estate.
-T-Mobile leased 2,298 square feet at Speedway Plaza, 6137 Crawfordsville Road. The landlord, Plaza at Speedway LLC, was represented by Scott Gray and Michael Cranfill of Sitehawk Retail Real Estate. The tenant represented itself.
-Michele’s Boutique renewed its lease for 2,000 square feet of retail space at 540 630 W. Northfield Drive, Brownsburg. The landlord, ATC Realty One LLC, was represented by Jacque Haynes of Cassidy Turley. The tenant represented itself.
-Cochran Agencies LLC leased 1,903 square feet of office space at 1980 E. 116th St., Carmel. The landlord, Clarkland Properties, was represented by Darrin Boyd and Dave Moore of Cassidy Turley. The tenant represented itself.
-Tubes Inc. leased 1,018 square feet of office space at 6535 E. 82nd St. The landlord, NorthStar Realty Finance Corp., was represented by Dave Moore and Darrin Boyd of Cassidy Turley. The tenant represented itself.-Peace & Harmony Hair Salon leased 810 square feet at Meridian Meadows, 3029 Meridian Meadows, Greenwood. The Landlord, TCP Greenwood LLC, was represented by Keith Fried of Sitehawk Retail Real Estate. The tenant represented itself.
Sales/acquisitions
-Equity Wealth Realty bought the 43,825-square-foot 4000 Georgetown Road Shopping Center. The seller, 4000 Georgetown Realty Co. LLP, was represented by Sharon Thompson of KW Commercial and Keller Williams Indy Metro North. The buyer represented itself.
-OB by Design LLC bought one acre of land at 11630 N Michigan Road, Carmel. The buyer and seller, Fifth Third Bank, were represented by Sharon Thompson of KW Commercial and Keller Williams Indy Metro North.
Carmel-born Yowza!! app acquired by Arizona company
Yowza!!, a coupon phone app co-founded by a Carmel software developer, will be acquired by Arizona mobile commerce company Spindle Inc.
Unintentional entrepreneur parlayed consumer-electronics savvy into PR firm
Arland Communications, run by former Thomson Consumer Electronics spokesman Dave Arland, is the only area firm focused entirely on the $200 billion-plus annual consumer electronics market.
Pressure on legislature to address abandoned homes
Banks are pushing for reform to the state’s process for home foreclosures.
Hoosiers don’t want marriage amendment
As the debate over House Joint Resolution 6 continues, I wonder if some of the major proponents of this discriminatory bill, such as Micah Clark, Eric Miller and Curt Smith, realize that they are being outnumbered.
Security firm’s job-creation plans draw state incentives
Allegion PLC’s plans to add employees at its North American headquarters in Carmel could earn the global security firm as much as $2 million in tax credits from the Indiana Economic Development Corp.
Roundup: Coffee shop expanding downtown, new restaurant in Fletcher Place
Hubbard & Cravens plans to open in two downtown locations, restaurant Ember Urban Eatery takes space in the Villaggio, and a family entertainment center expands to Greenwood.
Local restaurant owners settle case of pizzeria plagiarism
Napolese pizzeria and Crust Pizzeria Napoletana have quietly reached an agreement outside of court. Napolese owner Martha Hoover filed an intellectual property lawsuit against Crust owner Mohey Osman in October.
Meridian corridor office complex sells for close to $43 million
The buyer, Equus Capital Partners, has made a habit of purchasing large-scale, Class A office properties on the north side of the city.
Leases/leasing contracts
-General Nutrition Centers leased 342,840 square feet in AllPoints at Anson 7A, 4055 S. County Road 500 East, Whitestown. The tenant was represented by Jim Medbery of Binswanger. The landlord, a partnership of Duke Realty and Browning Investments, was represented by Mark Hosfeld and Jay Archer of Duke and Mark Susemichel and John Cohoat of Browning.
-Poly Tainer Inc. leased 66,282 square feet of industrial space at 999 Gerdt Court, Greenwood. The tenant was represented by Fritz Kauffman of Cassidy Turley. The landlord, Greenwood Gerdt Enterprises LLC, was represented by Jon Jessup of Summit Realty Group.
-Office Furniture Warehouse Inc. leased 16,000 square feet of industrial space at 5925-6021 W. 71st St. The tenant was represented by Bryan Augustin of Alliance Commercial Group. The landlord, GI Partners, was represented by Bryan Poynter and Russ Van Til of Cassidy Turley.
-Metal Man LLC leased 5,756 square feet of industrial space at 3250 N. Post Road. The tenant was represented by Stan Elser of Lee & Associates. The landlord, Iron Point Titan Asset Management LLC, was represented by Bryan Poynter of Cassidy Turley.
-Clothes Mentor leased 4,800 square feet of retail space at 11670-11680 Commercial Drive, Fishers. The landlord, Sena Realty FC LLC, was represented by Jacque Haynes of Cassidy Turley. The tenant represented itself.
-Vision Works leased 3,946 square feet of retail space at 9893 N. Michigan Road, Carmel. The tenant was represented by Patrick Boyle of Midland Atlantic Properties. The landlord, CASTO, was represented by John Byrne and Jacque Haynes of Cassidy Turley.
-Massage Envy leased 3,283 square feet at 6280 College Ave. The tenant was represented by Tracey Holtzman of Midland Atlantic Properties. The landlord, 6280 LLC, was represented by Bart Jackson and Scot Courtney of Lee & Associates.
-Americrawl Inc. leased 2,700 square feet at 5855 Kopetsky Drive. The landlord, Gateway South LLC No. 1, was represented by Brian Dell of Summit Realty Group. The tenant represented itself.
-Vitamin Shoppe leased 2,666 square feet at Stony Creek Marketplace, 17143 Mercantile Blvd., Noblesville. The tenant was represented by Mark Perlstein of Sitehawk Retail Real Estate. The landlord, RPAI, was represented by Larry Davis, Tom English and John Baker of Sitehawk Retail Real Estate.
-H&R Block leased 2,400 square feet at Brownsburg Square Shopping Center, 967 N. Green St., Brownsburg. The landlord, Brownsburg Management Group, was represented by Jeff Hubley of Midland Atlantic Properties. The tenant represented itself.
-Walmart signed a four-month lease for 2,100 square feet at Prairie Lakes Shopping Center, 14350 Mundy Drive, Noblesville. The landlord, Prairie Lakes Development LLC, was represented by Tracey Holtzman of Midland Atlantic Properties. The tenant represented itself.
-Graeter’s Ice Cream leased 2,100 square feet at 5560 N. Illinois St. The tenant was represented by Steve Delaney of Sitehawk Retail Real Estate. The landlord, 56th Street Investments LLC, represented itself.-Just Install LLC leased 2,069 square feet at 4444 Decatur Blvd. The landlord, CP Ventures LP, was represented by Brian Dell and Ryan Kelly of Summit Realty Group. The tenant represented itself.
-Certified Lawn Care leased 1,500 square feet of industrial space at 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.
-Planetary Brewing Co. leased an additional 1,500 square feet of industrial space at 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.
-The Wright Cut, doing business as Great Clips, leased 1,260 square feet at Tasha’s Plaza, 9155 E. 56th St. The landlord, R. Danesh LLC, was represented by Patrick Boyle of Midland Atlantic Properties. The tenant represented itself.
-Plopper & Partners LLP leased 1,222 square feet of office space at 301 E. Carmel Drive, Carmel. The tenant was represented by Lawrance Morrissey of Corporate Commercial Group. The landlord, Carmel-301 LLC, was represented by Kevin Dick and Paul Dick of Colliers International.Sales/acquisitions
-St. Louis -based SMFG LLC bought a 48-unit garden-style apartment complex at 221 E. Main St., Carmel. The seller, Sundance Investment Properties, was represented by Amy Burmeister and Adam Ehret of Summit Realty Group. The buyer represented itself.
-Culver’s bought 1.2 acres at Olio Road and State Road 238, Fishers. The buyer was represented by Allison Hawley of Cassidy Turley. The seller, Olio 238 Partners LLC, was represented by Steve Delaney and Keith Fried of Sitehawk Retail Real Estate.