Nancy Irsay puts party pavilion, home on market for $3.7M
Dozens of small charities have used the pavilion in south Carmel to host events, paying far below market rates.
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Leases/leasing contracts
Xerox Commercial Solutions LLC renewed its lease for 45,166 square feet at 2710 Enterprise Drive, Anderson. The tenant was represented by Denice Michel and Kevin Gillihan of Jones Lang LaSalle. The landlord, First Realty LLC, was represented by Paul Nicholson of First Realty.
Dial America leased 24,010 square feet at 4030 Vincennes Road. The tenant was represented by Denice Michel and Kevin Gillihan of Jones Lang LaSalle. The landlord, CP Vincennes LLC, was represented by Matt Waggoner of Summit Realty Group.
GAI Consultants Inc. leased 7,620 square feet of office space at 6420 Castleton West Drive. The tenant was represented by Adam Broderick of Jones Lang LaSalle. The landlord, NorthStar Realty Finance Corp., was represented by Dave Moore and Darrin Boyd of Cassidy Turley.
Gentiva Health Services leased an additional 5,203 square feet at 8606 Allisonville Road. The tenant was represented by Graham Summers of Jones Lang LaSalle. The landlord, Castle Creek Office LLC, was represented by Brian Fitzgerald of Citimark.
rue21 Inc. leased 4,712 square feet of retail space at 1950 2000 E. Greyhound Pass, Carmel. The tenant was represented by Bill French of Cassidy Turley. The landlord, Simon Property Group Inc., represented itself.
Allegient LLC leased 3,904 square feet at 201 W. 103rd Street, Carmel. The tenant was represented by Mike Napariu of REI Real Estate Services. The landlord, Virtu Meridian Associates, was represented by Adam Broderick of Jones Lang LaSalle.
Uniontape Inc. leased 3,079 square feet of industrial space in Stony Creek Business Park, 15260 Herriman Blvd., Noblesville. The tenant and landlord, Herriman & Keeler, were represented by Herb Feldmann of Lee & Associates.
Just Wingin' It leased 2,920 square feet of retail space at 1675 W. Smith Valley Road, Greenwood. The landlord, Cassidy Turley acting as court-appointed receiver, was represented by Bill French of Cassidy Turley. The tenant represented itself.
Global Smiles LLP leased 2,620 square feet of retail space in McFarland Marketplace, 8028 S. Emerson Ave. The tenant was represented by Matt Jackson of Ambrose Property Group. The landlord, MLMT 2005-LCI Greensburg Crossing LLC, was represented by Cathy Richards, Cindy Hoskinson and Herb Feldmann of Lee & Associates.
Solar America Solutions LLC leased 2,500 square feet at 9239 Castlegate Drive. The tenant was represented by Andrew Clifford of 7D Commercial Real Estate. The landlord, Castlegate II Partners LLC., was represented by Tom Frank of Summit Realty Group.
Lunar Construction leased 1,690 square feet of industrial space in Stony Creek Business Park, 15266 Herriman Blvd., Noblesville. The tenant and landlord, Herriman & Keeler, were represented by Herb Feldmann of Lee & Associates.
Jen Daisy Boutique leased 1,400 square feet at Greenwood Springs Shopping Center, 1279 Emerson Ave., Greenwood. The landlord, Regency Centers, was represented by Keith Fried of Sitehawk Retail Real Estate. The tenant represented itself.KAJ LLC leased 1,200 square feet of retail space in Greenbriar Shopping Center, 1321 W. 86th St. The landlord, Prime Property Investors Fund VIII LP, was represented by Bart Jackson of Lee & Associates. The tenant represented itself.
Truck insurer’s new jobs to boast gold-plated pay
The 133 full-time jobs the truck and auto insurer plans to add over the next five years will pay around $60 an hour, or nearly $125,000 a year.
nFrame data center to get new identity
The change to the Expedient moniker is not expected to affect the center's 40 employees and 300 customers.
Co-founder’s death alters Naked Monkey’s growth plan
The recession and then the death of a founder put the Carmel waxing spa on a new trajectory. Now co-owner Brenda Schultz is mulling expansion plans.
Defer to Urbanski on seating decision
I strongly support Maestro Urbanski’s decision not to have people seated in the Stage Terrace behind the orchestra [April 22 editorial].
BENNER: Tweeting my way through modern-day Pacers-Knicks series
An old sports reporter takes a stab at covering a game using social media.
Merchants, Citizens Bank to merge
Shareholders in Carmel-based Merchants will receive stock that was valued at $98.3 million before the announcement of the deal caused a huge spike.
Carmel developer plans rooms with a view
Construction is expected to begin this summer on a $6 million development at Carmel’s City Center that includes luxury apartments overlooking the Monon Trail.
Review finds no conflict in state’s deal with Mainstreet
Gov. Mike Pence asked the Indiana Economic Development Corp. in early April to review its decision to grant $345,000 in performance-based economic incentives to Mainstreet Property Group LLC, a company started by a top Republican lawmaker and his son.
Outback, Olive Garden slated for Michigan Road
The Carmel City Council on Monday agreed to pave the way—literally—for commercial development planned for the west side of Michigan Road south of 106th Street.
Leases/leasing contracts
-Heartland Food Products Group leased 309,600 square feet of industrial space at 4925 W. 86th St. The tenant was represented by Fritz Kauffman and Don Treibic of Cassidy Turley. The landlord, Duke Realty, represented itself.
-Central Indiana Education Service Center leased 13,245 square feet of office space at 6026 6036 Lakeside Blvd. The tenant was represented by Yumi Prater of Colliers International. The landlord, GI Partners, was represented by Bryan Poynter and Russell Van Til of Cassidy Turley.
-The Men’s Wearhouse leased 6,553 square feet at Clay Terrace, 146th Street and U.S. 31, Carmel. The tenant was represented by Mark Perlstein of Sitehawk Retail Real Estate. The landlord, Clay Terrace Partners LLC, was represented by Pat O’Hara of Simon Property Group.
-Pet Supplies Plus leased 6,400 square feet at Fishers Crossing, 7230 Fishers Crossing Drive, Fishers. The tenant was represented by Mark Perlstein of Sitehawk Retail Real Estate and John Liprando of Sullivan Hayes. The landlord, Viking Partners Fishers LLC, was represented by Kyle Hughes and Jamison Downs of Veritas Realty LLC.
-Jockamo Irvington LLC renewed its lease for 5,468 square feet of retail space at 5614-5646 E. Washington St. The landlord, Irv LLC, was represented by John Byrne of Cassidy Turley. The tenant represented itself.-Indiana Association of 7th Day Adventists Inc. leased 2,773 square feet of office space at 7301 Georgetown Road. The tenant was represented by Nathan Smith of Colliers International. The landlord, GCP Investment LLC in care of Mann Properties Management, was represented by Craig Cleveland of Mann Properties.
-Preventive Care Medical LLC leased 2,750 square feet of office space at 7430 N. Shadeland Ave. The landlord, SNAG LLC, was represented by Paul Dick and Kevin Dick of Colliers International. The tenant represented itself.
-Stonegate Mortgage Corp. leased an additional 1,776 square feet at 1499 Windhorst Way, Greenwood. The tenant was represented by Nick Svarczkopf and John Vandenbark of CBRE. The landlord, South Park Group LLC, was represented by Brian Dell of Summit Realty Group.
-Thomas Mascari leased 1,600 square feet of retail space at 3001 Meridian Meadows, Greenwood. The landlord, Bayview Loan Servicing LLC, was represented by Jacque Haynes of Cassidy Turley. The tenant represented itself.
-H&R Block leased 1,400 square feet of retail space at 8958 8974 E. 96th St., Fishers. The landlord, C III Asset Management, was represented by Jacque Haynes of Cassidy Turley. The tenant represented itself.
-Great Clips leased 1,200 square feet of retail space at 1600 E. Michigan Road, Shelbyville. The landlord, C III Asset Management, was represented by Jacque Haynes of Cassidy Turley. The tenant represented itself.
-LCS Avon LLC leased 880 square feet of office space at 6845 E. U.S. Highway 36, Avon. The landlord, Westridge Office Park II LLC Receivership Estate, was represented by Nathan Smith of Colliers International. The tenant represented itself.
The ‘burbs: culinary wasteland or undiscovered territory?
Local food writer’s “Taste of Indy” feature got me thinking about destination dining in the northern suburbs. What would make your list?
Company news
Diagnotes Inc., an Indianapolis-based health IT company, announced today that it has closed on $1 million in funding from life sciences and early-stage growth company investors. The investment group was led by Indiana University’s Innovate Indiana Fund and includes BioCrossroads’ Indiana Seed Fund II, Stepstone Angels and other investors. The funding will help Diagnotes commercialize its communication system for on-call health care providers. The Diagnotes system allows providers and patients to connect with on-call doctors and nurses while delivering key patient information from the electronic health record to the point of care.
Endocyte Inc. recorded $14.5 million in revenue during the first quarter and a loss of $3.9 million, or 11 cents per share. The West Lafayette-based drug development firm is still working with European regulators to win approval to launch its first drug, vintafolide. The drug, targeted for drug-resistant ovarian cancer, would be commercialized with New Jersey-based Merck & Co. Inc. Merck’s payment last year of $120 million is Endocyte’s sole source of revenue. The company’s cash pile declined during the first quarter from $201.4 million to $185.9 million. Endocyte officials reaffirmed their predictions that the company will have cash and cash equivalents between $145 million and $160 million at the end of 2013.
Franciscan St. Francis Health has partnered with WhatNext.com, a Carmel-based online support network that matches up cancer patients according to their diagnosis, stage and age. More than 10,000 Americans have registered to use WhatNext.com, including 400 patients in Indiana. “People are trying to make sense of a whole universe of new and staggering volume of medical information at the same time they are trying to figure out what’s next and to stay emotionally strong,” said David Wasilewski, who launched WhatNext.com in September 2011. “Our site helps patients benefit from those who have been there.”
Assets of attorney in fraud case have gone missing, feds say
After being charged with defrauding clients, Indianapolis attorney William Conour was ordered not to dispose of his personal property. But much of it is now missing, including art, furniture, sports memorabilia and bottles of expensive champagne, according to court filings.
New seed fund aims to make Indiana a hotbed for digital health startups
Infuse Accelerator hopes to make early-stage investments in 12 to 15 companies a year.
Six arrested in prostitution bust
Police seized $250,000 and arrested six people Wednesday in a prostitution sting involving two suburban massage parlors. Lu Wang, 50, of Fishers, was charged with promoting prostitution after police raided Dove Spa in Carmel and Beijing Spa in Zionsville. Five women also were charged with prostitution-related offenses. Authorities said Wang was the ringleader of the group.
Investment gains mask slowdown for insurer
The bull market boosted first-quarter profit at Baldwin & Lyons Inc. to a record high, even though the property and casualty insurer’s core business lost ground.
Milhaus set to launch $26M downtown apartment project
Milhaus Development is set to begin construction this summer on a $26 million apartment project on College Avenue that will include 236 units. The first ones should be available next spring.