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Leases/leasing contracts
-Gateway Classic Cars leased 43,438 square feet of industrial space at 4400 W. 96th St., Carmel. The tenant was represented by Brian Seitz of Jones Lang LaSalle. The landlord, IP9 Carmel Office Investors LLC, was represented by Jake Sturman and Abby Zito of Jones Lang LaSalle.
-The RoomPlace leased 33,797 square feet at Greenwood Place, 7551-7747 S. Shelby St. The tenant was represented by Bill Mass of Mass Realty LLC. The landlord, Broadbent Cos., was represented by Broadbent's Joe Kenney.
-Parker Hannifin Corp. leased 25,595 square feet of industrial space at 7998 Centerpoint Drive. The tenant was represented by Chris Alexander of DTZ. The landlord, Clarion Partners, was represented by Fritz Kauffman and Bryan Poynter of Cassidy Turley.
-Safety Management Group of Indiana Inc. leased 6,560 square feet of office space at 8335 Keystone Crossing. The tenant was represented by Matthew Waggoner of Summit Realty Group. The landlord, Sourwine Real Estate Services, was represented by Andrew Martin and Bennett Williams of Cassidy Turley.-Cash America leased 6,500 square feet of retail space at 7098 N. Michigan Road. The tenant was represented by John Byrne of Cassidy Turley. The landlord, Brixmor GA Apollo IV Sub LLC, represented itself.
-Check$mart leased 4,836 square feet of retail space in George Thomas Plaza, 1058 N. Shadeland Ave. The tenant and landlord, Ladywood Apartments LLC, were represented by Cindy Hoskinson of Lee & Associates.-21st Amendment Liquors leased 4,800 square feet of retail space at Geist Crossing Shopping Center, 9747 Fall Creek Road. The landlord, Glendale Partners of Geist Crossing II LLC, was represented by Kyle Hughes and Paul Rogozinski of Veritas Realty. The tenant represented itself.
-Keter Environmental Services Inc. leased 3,634 square feet at 37 South Park Blvd., Greenwood. The tenant was represented by Pete Alveal of Premier Commercial Real Estate Services. The landlord, South Park Group LLC, was represented by Brian Dell of Summit Realty Group.
-Hazel Dell Animal Hospital leased 3,400 square feet of retail space at 13190 Hazel Dell Parkway, Carmel. The tenant was represented by Andrew Martin and Bennett Williams of Cassidy Turley. The landlord, TDHC LLC, was represented by Tim Hull of CBRE.-ABC Hi-Def Communications leased 2,700 square feet at 5935 Kopetsky Drive. The landlord, Gateway South LLC No. 1, was represented by Brian Dell of Summit Realty Group. The tenant represented itself.
-Arkley Bio Tek Inc. leased 2,414 square feet at 4444 Decatur Blvd. The tenant was represented by Steve Beals and Richard King III of Lee & Associates. The landlord, CP Ventures LP, was represented by Brian Dell and Ryan Kelly of Summit Realty Group.
-Calumet Civil Contractors leased 1,700 square feet at 5640 S. Meridian St. The landlord, South Meridian Park LLC, was represented by Brian Dell of Summit Realty Group. The tenant represented itself.
-Biz Express leased 1,600 square feet of retail space at Fishers Crossing Shopping Center, 7268-N Fishers Crossing Drive, Fishers. The tenant was represented by Rob Lukemeyer of Baseline Commercial. The landlord, Viking Partners Fishers LLC, was represented by Seth Biggerstaff, Jamison Downs and Kyle Hughes of Veritas Realty.
-Ace Cash Express Inc. leased 1,500 square feet of retail space in Washington @Post Shopping Center, 8975 E. Washington St., Suite 101. The tenant was represented by Allison Hawley of Niessink Commercial Real Estate. The landlord, LOR Corp., was represented by Brett Burch of Valenti Real Estate Services.
-Great Clips leased 1,280 square feet of retail space at 6705 S. State Road 334, Zionsville. The tenant was represented by Tom Niessink of Niessink Commercial Real Estate. The landlord, Duke Realty Corp., was represented by Jacque Haynes and John Byrne of Cassidy Turley.
-Merle Norman leased 1,205 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.
-Geist Center for Allergy, Asthma & Immunology renewed its lease for 1,200 square feet of retail space at 8150 Oaklandon Road. The landlord, Cassidy Turley acting as court-appointed receiver, was represented by Jacque Haynes of Cassidy Turley. The tenant represented itself.-Greenleaf Apothecary leased 840 square feet of retail space at Fall Creek Harbour, 10154 Brooks School Road, Fishers. The tenant was represented by Nathan Smith of Colliers International. The landlord, FCH Associates LLC, was represented by Cindy Hoskinson of Lee & Associates.
-ADI Consulting Group leased 333 square feet of retail space at Fall Creek Harbour, 10142 Brooks School Road, Fishers. The tenant and landlord, FCH Associates LLC, were represented by Cindy Hoskinson of Lee & Associates.
Sales/acquisitions
-Popeyes Louisiana Kitchen bought 1.02 acres of land at 2260 E. Main St., Plainfield. The buyer was represented by Kyle Hughes of Veritas Realty. The seller, Ralph & Nancy Daum II LLC, was represented by Steve Daum of Summit Realty Group.
-Agromed Inc. bought an 1,800-square-foot office condo in Regency Centre, 8202 Clearvista Parkway. The buyer was represented by Steve Beals and Richard R. King III of Lee & Associates. The sellers, John and Nancy Porter, were represented by Kurt Meyer of Baseline Commercial.-Custom Interior Dynamics bought a 17,786-square-foot industrial building at 3314-3320 Prospect St. The seller, Klaisler Manufacturing Corp., was represented by Fritz Kauffman and Don Treibic of Cassidy Turley. The buyer represented itself.
-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.
SUV exhaust hospitalizes six
Six people were taken to a hospital after carbon monoxide from a running SUV in a lower-level garage filled their Carmel apartment building late Wednesday night. Firefighters reported finding carbon monoxide in all seven units of the Legacy Towns and Flats building. Near-fatal levels of the gas were found in some apartments. Seven other residents were evacuated but didn’t require hospitalization.
Councilor: $100M deal hanging on Fishers tax hike
A private company is weighing a $100 million investment in Fishers, Town Council member Scott Faultless said Monday, but the project depends on adopting a 1-percent food-and-beverage tax that’s still the subject of heated debate.
New $754M Indy hospital offers sun-filled design
From the spiraling wooden sculpture suspended from the ceiling in the main concourse to the vegetable garden on the roof, the brand-new Eskenazi Hospital keeps you wondering what you will see around the next corner.
Ex-FBI agent sentenced
A former FBI explosives expert was sentenced on Thursday to roughly 3-1/2 years in prison for possessing and disclosing secret information, including intelligence he gave to The Associated Press for a story about a U.S. operation in Yemen. Donald Sachtleben, 55, of Carmel, pleaded guilty to one count of disclosing and one count of possessing classified information. Sachtleben also was sentenced to an additional eight years in prison in an unrelated child pornography case.
CityWay project takes top Monumental Award honor
The Indy Chamber presents the awards that honor significant achievements in architecture and design. Buckingham Cos.’ CityWay also won in the Public Art category.
First Internet up-shifts in commercial lending
First Internet Bank raised eyebrows this month when it filed a $25 million secondary stock offering said to be for organic growth and “other general corporate purposes.”
Growing central Indiana suburbs mull class status
When Fishers becomes Hamilton County’s newest city in 2015, it also will be the first of Indianapolis’ northern suburbs to achieve “second-class” status. Others—including suburban standouts Carmel and Noblesville—qualify for an upgrade because of their growth but have not made the leap. Yet.
Future murky for Carmel’s 2-story development rule
City leaders are embroiled in a debate over the future of Range Line Road, through the heart of Carmel’s redeveloped downtown. Special density zoning rules are intended to create a consistent look and keep residents from bearing the brunt of the city’s significant infrastructure investment. The question is whether it’s working.
Leases/leasing contracts
-Transpacific Development Co. has hired Michael Weishaar and Luke Wessel of Cassidy Turley to lease a new, 450,000-square-foot warehouse/distribution property at 2450 Stanley Road, Plainfield.
-Fresh Thyme Farmers Market leased 30,000 square feet of retail space at Greenwood Shopping Center, 8750 U.S. 31. The tenant was represented by Jamison Downs and Kyle Hughes of Veritas Realty. The landlord, Greenwood Anchor Redevelopment LLC, was represented by Tom English and Larry Davis of Sitehawk Retail Real Estate.
-Fishers Soccer Club Inc. leased 19,200 square feet of industrial space at 9900 Westpoint Drive. The tenant was represented by Kyle Powell of Ambrose Property Group. The landlord, Clarion Partners, was represented by Fritz Kauffman and Bryan Poynter of Cassidy Turley.
-CVS leased 9,180 square feet of retail space at 135 N. Pennsylvania St. The tenant was represented by Ron Foster of Echelon Realty Advisors. The landlord, True North Management Group, was represented by Jon Owens and Russ Van Til of Cassidy Turley.
-Medxcell leased 6,979 square feet of office space at 7102 7196 Lakeview Parkway. The tenant was represented by Michael Semler of Cassidy Turley. The landlord, Duke Realty Corp., was represented by Duke's Traci Kapsalis.
-Stacked Pickle leased 3,515 square feet in River's Edge, 4705 E. 96th St. The tenant was represented by Brian Epstein of UrbanSpace. The landlord, Broadbent Cos., was represented by Broadbent's John Beuoy.
-Cycle Gear leased 3,100 square feet at Castleton Shoppes, 6024-6066 E. 82nd St. The tenant was represented by Mark Perlstein or Sitehawk Retail Real Estate. The landlord, Broadbent Cos., was represented by Broadbent's Jim Mosher.
-The Sandpiper Restaurant & Pub renewed its lease for 3,100 square feet at Harbourtown Center on Morse Reservoir, Noblesville. The landlord, Harbourtown Center LLC, was represented by J.W. Ernst of Charter Commercial Realty Group LLC. The tenant represented itself.
-Reforming Indy Pilates Studio leased 2,500 square feet of retail space at Fall Creek Harbour, 11250 Brooks School Road, Fishers. The tenant was represented by Brent Benge of Paradigm Real Estate Investments. The landlord, FCH Associates LLC, was represented by Cindy Hoskinson of Lee & Associates.
-Do-Tique leased 1,854 square feet of retail space in Sophia Square, 110 W. Main St., Carmel. The tenant was represented by Jason Challand of Echelon Realty. The landlord, Carmel Lofts LLC, was represented by Scot Courtney and Bart Jackson of Lee & Associates.
-Exercise Specialties leased 1,452 square feet of retail space in Sophia Square located, 110 W. Main St., Carmel. The tenant was represented by Gary Perel of Newmark Knight Frank Halakar. The landlord, Carmel Lofts LLC, was represented by Scot Courtney and Bart Jackson of Lee & Associates.
-Pietro’s Pizza leased 1,200 square feet of retail space in Nora Shoppes, 1113 E. 86th St. The tenant was represented by Ron Mannon of Lee & Associates. The landlord, LOR Corp., was represented by LOR's Suzanne Storer.
-Alexander The Vape leased 992 square feet at Castleton Plaza, 8238-8284 Center Run Drive. The landlord, Broadbent Cos., was represented by Broadbent's Josh Broadbent. The tenant represented itself.
-Bolden Dry Cleaners renewed its lease for 950 square feet at Harbourtown Center on Morse Reservoir, Noblesville. The landlord, Harbourtown Center LLC, was represented by J.W. Ernst of Charter Commercial Realty Group LLC. The tenant represented itself.Ex-employer accused new CIRTA chief of stealing trade secrets
Jeffrey D. Jackson, a 25-year transportation veteran named Thursday to head the Central Indiana Regional Transportation Authority, was sued by Durango, Colo.-based American Heritage Railways in May.
CIRTA hires industry veteran as new director
The Central Indiana Regional Transportation Authority has hired a native Hoosier as executive director, replacing outgoing leader Ehren Bingaman, CIRTA announced Wednesday.
Hearing draws lively debate on Fishers food-drink tax
The Fishers Chamber of Commerce and some individual business owners are on opposite sides of a debate over imposing a 1-percent food-and-beverage tax to help fund economic development efforts in the town.
Menard’s fight with Hilberts to surface in trial with Trump
A skirmish in the ongoing legal war between hardware store magnate John Menard and former business partner Stephen Hilbert will arise in open court on Tuesday, as a trial begins between one of Menard's companies and former model Melania Trump.
Company News
Shares of Endocyte Inc. came roaring back after the company’s executives finally convinced investors there’s a real possibility of getting European approval in the next two months for its first drug. Shares of West Lafayette-based Endocyte soared by nearly 41 percent from its close on Tuesday, just before the company issued its pipeline update, until the end of the week, when the shares closed at $11.64 apiece. Endocyte executives said they expect European regulators to render a decision on its ovarian cancer drug, vintafolide, in December or January. The European regulators have requested an oral presentation by Endocyte, which is usually a sign of some controvery, Wall Street analysts noted. If Endocyte gets the green light, it would start working with its partner, New Jersey-based Merck & Co. Inc., to sell vintalofide next year. Endocyte is also seeking approval for a companion imaging agent. Combined, analysts expect the two products could bring Endoycte as much as $200 million in revenue by 2018.
Two former Eli Lilly and Co. scientists accused of stealing the drugmaker’s trade secrets and passing them to a Chinese company have been released to a halfway house by a federal judge in Indianapolis. The judge, William Lawrence, also acknowledged that the men’s attorneys had “poked sufficient holes” in the case brought by U.S. Attorney Joe Hogsett against the men by suggesting that Guoqing Cao and Shuyu “Dan” Li, only passed on information that Lilly had already put into the public domain. Cao and Li, both of whom live in Carmel, were arrested in October for allegedly emailing sensitive information about nine of Lilly’s experimental drug programs to an employee of Jiangsu Hengrui Medicine Co. Ltd., which is based in China. An executive of Indianapolis-based Lilly estimated during a court hearing that the trade secrets were worth at least $55 million.
Paragon Medical Inc., a Pierceton, Ind.,-based supplier to orthopedic implant companies, has agreed to be acquired by Chicago-based private equity firm Beecken Petty O'Keefe & Co. Financial terms of the transaction, which is expected to close in December, were not disclosed. The company has 950 employees, according to its website.
Testosterone replacement drugs, including one made by Eli Lilly and Co., raised the risk of heart, attack, stroke or death by 29 percent, according to a study of 8,700 men released last week. According to Bloomberg News, the study is the first of a class of drugs, which includes Lilly’s Axiron, as well as AbbVie Inc.’s Androgel. Indianapolis-based Lilly is expected to achieve $168 million in sales this year from Axiron. Androgel could achieve $1.1 billion in sales, according to figures compiled by Bloomberg. An earlier study of testosterone supplements used in elderly males, funded by the U.S. National Institute on Aging and run at Boston Medical Center, was stopped in 2009 because an audit found it caused more heart attacks and high blood pressure. Teresa Shewman, a Lilly spokeswoman, said the company is aware of cardiovascular events in men taking testosterone therapies. “Lilly works with the scientific community and regulatory bodies to further understand and communicate the risks and benefits of testosterone replacement therapy,” Shewman said. “As a company responsible for developing medicines, Lilly is committed to providing advertising that is truthful, accurate and balanced.”
Development starts long before dirt starts moving
The growth of Carmel’s Meridian Street office corridor wasn’t a happy accident. It was city planning. Last month’s Hamilton County Leadership Academy session provided an up-close look at planning and development in the fast-growing suburbs.
New U.S. 31 bypass around Kokomo nears opening
The opening of the new 13-mile stretch around Kokomo's east side will be a key step in the state's project to upgrade the most-congested sections of U.S. 31 between Indianapolis and South Bend.