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Articles
Second-home sales rebounding with broader market
Buyers coming into the market range from retirees to wealthy executives and even modest earners.
Neal Brown out, Late Harvest chef in at Nora development
Ryan Nelson, chef/owner of Late Harvest Kitchen, plans to open a barbecue restaurant at PK Partners’ Nora Shops West project after Neal Brown of Pizzology backed out of his deal.
A&E priorities for June 20-26
Stuck for something to do this weekend? Start with one of Indy’s most popular festivals and consider a concert among the critters.
INDOT to close U.S. 31 ramp to Keystone
The Indiana Department of Transportation and its contractors will close a heavily trafficked exit ramp this weekend in Hamilton County. The southbound ramp connecting U.S. 31 to Keystone Parkway in Carmel will close at 9 p.m. Friday and reopen by 6 a.m. Monday. INDOT said sections of concrete pavement did not meet its quality standards and they need to be replaced. The contractor, Walsh Construction, is receiving $35 million for its work on the U.S. 31 transformation in Hamilton County.
Governments helped fuel nursing-facility developer’s rise
Carmel-based Mainstreet Property Group has built 13 nursing homes in Indiana and Illinois since 2008. Six of the dozen Indiana properties benefited from municipal-backed credit or tax breaks, and a seventh received a reduced-impact fee. Mainstreet also received $345,000 in state economic incentives.
Leases/leasing contracts
-National Government Services leased 45,021 square feet of office space across two locations, 6335-45 Castleway Court and 8034 Castleway Court. The tenant was represented by Allen Trowbridge of Cresa. The landlord, NorthStar Realty Finance Corp., was represented by Dave Moore and Darrin Boyd of Cassidy Turley.
-Valley Tire Co. leased 21,116 square feet of industrial space at 4401 Stout Field, South Drive. The tenant was represented by Sean McHale of Colliers International. The landlord, Stout Field LLC, in care of The Crawford Troup, represented itself.
-Frank & Kraft leased 6,019 square feet of office space at 135 N. Pennsylvania St. The tenant was represented by Steve Beals and Rich King of Lee & Associates. The landlord, True North Management Group, was represented by Jon Owens and Russell Van Til of Cassidy Turley.
-Leaders Moving leased 5,200 square feet of industrial space at 9900 Westpoint Drive. The tenant was represented by Dustin Looper of Colliers International. The landlord, LIT Industrial LP, was represented by Bryan Poynter and Fritz Kaufman of Cassidy Turley.
-7E Fit Spa of Zionsville Inc. leased 3,507 square feet at 4545 Northwestern Drive, Zionsville. The tenant was represented by Scott Baldwin of Baldwin Cos. The landlord, Leah and Ruben LLC, was represented by Ashley Bussell of Newmark Knight Frank Halakar.
-Marian Financial Partners Inc. leased 3,250 square feet of office space in Oldefield Commons, 698 Oldefield Commons Drive, Greenwood. The tenant was represented by Cathy Richards of Lee & Associates. The landlord, B&W Holdings LLC, was represented by Keith Turnbill of ReMax Select.
-Transitions Dental leased 3,154 square feet at Lebanon Crossing, 1375 S. Lebanon St., Lebanon. The landlord, Lebanon 39 LLC, was represented by Keith Fried of Sitehawk Retail Real Estate. The tenant represented itself.
-Monumental Life Insurance Co. leased 2,390 square feet of office space at 3500 Depauw Blvd. The tenant was represented by Allen Schwender of SA Commercial. The landlord, Sterling American Property Inc., was represented by Dave Moore, Darrin Boyd and Bennett Williams of Cassidy Turley.
-MyNetWire LLC leased 2,288 square feet at Crosspoint Corner 8, 9757 Westpoint Drive. The tenant was represented by Scott Baldwin of Baldwin Cos. The landlord, Shamrock Builders, was represented by Darrin Boyd of Cassidy Turley.
-Traffic Signal Co. leased 2,122 square feet of space at 7202 E. 87th St. The tenant was represented by Patrick Lindley of Cassidy Turley. The landlord, Westminster Funds, was represented by Todd Vannatta of Cassidy Turley.
-7E Fit Spa of Fishers-Noblesville leased 2,000 square feet at 16095 Prosperity Drive, Noblesville. The tenant and landlord, Yeager Properties Inc., were represented by Scott Baldwin of Baldwin Cos.
-All Sports Couture leased 2,000 square feet of industrial space at 9760 Mayflower Park Drive, Carmel. The tenant was represented by Jeff Merritt of Colliers International. The landlord, GlennCo Realty, was represented by Dustin Looper of Colliers International.
-Jimmy John’s Gourmet Sandwiches leased 1,800 square feet of retail space in Georgetown Shoppes, 5620 Georgetown Road. The tenant was represented by Drew Warner of Eclipse Real Estate. The landlord, LOR Corp., was represented by Brett Burch and Jeff Daniel of Valenti Real Estate Services Inc.
-Imburgia Orthodontics LLC leased 1,600 square feet of office space in Stafford Crossing Shopping Center, 2230 Stafford Road, Suite 157, Plainfield. The tenant was represented by Bill Scott of DTZ, a UGL company. The landlord, LOR Corp., was represented by Brett Burch of Valenti Real Estate Services Inc.
-Holland & Holland LLC leased 1,225 square feet of office space at Lake Pointe IV, 8520 Allison Pointe Blvd. The tenant was represented by Kevin Dick and Paul Dick of Colliers International. The landlord, Sun Life Assurance Co. of Canada, was represented by Stephen Adams and Riley Faulk of Hokanson Cos. Inc.
-Obsession Nail Salon leased 1,200 square feet of retail space in Shoppes of Brownsburg, 56th Street and Northfield Drive, Brownsburg. The landlord, Shoppes of Brownsburg, was represented by Brett Burch of Valenti Real Estate Services Inc. The tenant represented itself.
-Anthony Paganelli leased 1,043 square feet of office space at 10401 N. Meridian St. The landlord, Cassidy Turley acting as court-appointed receiver, was represented by Darrin Boyd and Dave Moore of Cassidy Turley. The tenant represented itself.ITT Educational branches into charter schools
The for-profit educator won approval last month to start a charter school for 11th- and 12th-graders inside one of its ITT Technical Institutes in Indianapolis.
Most of Indiana’s largest public companies enjoyed strong 2012
Angie’s List turned a profit for the first time in nearly two decades.
Crunching the numbers: Hamilton County homebuilding activity leads region
Builders filed 817 single-family permits in Hamilton County during the first five months of the year. Which community had the most activity? Plus: Boone County stats.
Caponi to step down as St. Vincent system CEO
After overseeing 15 years of massive growth via mergers, Vince Caponi will become an executive of St. Vincent Health’s parent organization.
Two major downtown office buildings set for sheriff’s sale
Two prominent downtown office buildings, the Landmark Center at 1099 N. Meridian St. and the historic Century Building at 36 S. Pennsylvania St., are among properties listed for a July 17 sheriff's sale.
You-review-It Monday: Big festival weekend
PrideFest and Carmel Art & Design District Gallery Walk were just two of the popular events over the weekend. What did you get to?
WTHR lures new chief exec from another Indy station
The owner of WTHR-TV Channel 13 has reached into its broadcasting backyard to poach a new president and general manager for the station, hiring Larry Delia from WXIN-TV Fox59.
Defendant in trial over Palladium defects tries to halt repairs
Attorneys for the Michigan contractor being sued over construction defects at Carmel’s Palladium concert hall have asked a Hamilton County court to stop repair work immediately to preserve evidence in the case.
Locally produced laundry additive taking on skin cancer
In a nondescript manufacturing plant on Indianapolis’ east side, a manufacturer is producing one of the most unique weapons in the war on skin cancer. Called SunGuard, the laundry additive is being called by some dermatologists a potential life saver.
ExactTarget option gains approach $300M
xactTarget Inc.’s sale will swell the value of employee stock options to nearly $300 million—a windfall local tech experts expect will launch a wave of entrepreneurship over the next several years.
Leases/leasing contracts
-Spectra Premium Industries leased 250,000 square feet at Axcess 70, 3052 N. Distribution Way, Greenfield. The tenant was represented by Andrew Morris, Tony Hupp and Andrea Hopper of Summit Realty Group. The landlord, Browning Investments, was represented by Mark Writt of CBRE.
-SKH Paper Company leased 42,500 square feet of industrial space at 2363 E Perry Road, Plainfield. The tenant was represented by Sean McHale of Colliers International. The owner, CLPF-Plainfield Park 3 LP, was represented by Bryan Poynter of Cassidy Turley.
-Ruth’s Chris leased 10,257 square feet at Ironworks at Keystone, 2727 E. 86th St. The tenant was represented by Larry Davis and Tom English of Sitehawk Retail Real Estate. The landlord, Ironworks Indianapolis LLC, was represented by Mark Perlstein of Sitehawk Retail Real Estate.
-Gordon Trucking Inc. leased 10,116 square feet of industrial space and 4 acres of land at 3805 S. Harding St. The tenant was represented by Jim Karozos of Lee & Associates. The landlord, L & S Kopetsky Realty LLC, was represented by Brian Dell of Summit Realty Group.
-Med Express Urgent Care leased 4,824 square feet at Centre East, 10863 E. Washington St. The tenant was represented by Harley Carroll of Petroplus Lane and Larry Davis of Sitehawk Retail Real Estate. The landlord, Centre East LLC, was represented by Dean Almas of Sitehawk Retail Real Estate.
-Med Express Urgent Care leased 4,794 square feet at Southport Shops, 7225 U.S. Route 31 South. The tenant was represented by Harley Carroll of Petroplus Lane and Larry Davis of Sitehawk Retail Real Estate. The Landlord, Southport Shops, was represented by Dean Almas of Sitehawk Retail Real Estate.
-Popeye’s Louisiana Kitchen leased a 4,200-square-foot building at 635 Carmel Drive, Carmel. The tenant was represented Steve Delaney and Larry Davis of Sitehawk Retail Real Estate. The landlord, NRW Corp., was represented by Todd Camesasca of Kosene & Kosene.
-Meridian Pain Group P.C. leased 2,913 square feet at 9292 N. Meridian St., Suite 110. The tenant was represented by Drew Augustin of Alliance Commercial. The landlord, Fairhill Realty LLC, was represented by Matthew Broderick of Acorn Group Inc.
-Dentistry on 116th leased 2,880 square feet at 116th Street Centre, 33 E. 116th St., Fishers. The landlord, TCP Guilford LLC, was represented by Keith Fried of Sitehawk Retail Real Estate. The tenant represented itself.
-South of Chicago Pizza leased 2,519 square feet at the Bonn Building, 13578 E. 131st St., Fishers. The landlord, Bonn Building Partners LLC, was represented by Steve Delaney and Keith Fried of Sitehawk Retail Real Estate. The tenant represented itself.
-The Shipping Store & More renewed its lease for 1,765 square feet at Northbrook Shopping Center, 1427 W. 86th St. The tenant was represented by Pat Chesebrough of Century 21 Scheetz. The landlord, 86th & Ditch Realty LP, was represented by Keith Fried of Sitehawk Retail Real Estate.
-Shangri-La Foot Spa leased 1,600 square feet at Avon Station, 8100 E. U.S. 36, Avon. The landlord, Avon Station Inc., was represented by Michael Cranfill of Sitehawk Retail Real Estate. The tenant represented itself.
-Little Caesars leased 1,600 square feet of retail space at 2181 N. Meridian St. The tenant was represented by Ron Mannon of Lee & Associates. The landlord, SRT Property Holdings LLC, was represented by Pat Boyle of Midland Atlantic.
Fishers, Noblesville put cuffs on charities to recoup tax revenue
Two growing Hamilton County communities looking to build their commercial tax base are taking steps to ensure land targeted for development doesn’t end up in the hands of organizations that don’t pay taxes.