Ryland purchases 504 local lots from home builder
California-based Ryland Group Inc., the Indianapolis area’s third-largest home builder, said it bought the Indianapolis-area lots from Westport Homes.
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Articles
Basile assures progress on arts center
The Center for the Performing Arts Interim CEO Frank Basile said it's making financial progress but will continue to need support from the city of Carmel. Mayor James Brainard is asking the city council to put $1.62 million in the Support for the Arts Fund, which last fall was allotted $265,000. The funding increase would […]
Leases/leasing contracts
-Stanley Security Solutions leased an additional 26,191 square feet of office space at One Concourse at Crosspoint, 9998 Crosspoint Boulevard. The tenant was represented by Nick Arterburn of CBRE. The landlord, Edgeworth Laskey Properties LLC, represented itself.
-Draper Manufacturing leased 8,000 square feet of industrial space at 4008 W. 10th St. The landlord, Speedway Industrial Park, was represented by Bill Byram of Cassidy Turley. The tenant represented itself.
-Real Fitness Indy LLC leased 6,390 square feet at Northview Mall, 1706 E. 86th St. The tenant was represented by Molly Welch and Ralph Balber of Newmark Knight Frank Halakar. The landlord, Northview Properties, represented itself.
-Matt the Miller’s leased 5,334 square feet of retail space in Carmel City Center 100 City Center Drive, Carmel. The tenant was represented by Robyn Smart of Lee & Associates and Mary Bresnahan of CBRE. The landlord, Carmel City Center LLC, was represented by Melissa Averitt of Pedcor.
-Perfect Smiles Dental Care leased 3,105 square feet at 7440 Shadeland Ave. The tenant was represented by Matt Jackson of Ambrose Property Group. The landlord, 7440 Shadeland LLC, was represented by Tom Frank of Summit Realty Group.
-The Little Nail Shop leased 2,975 square feet at Meridian North, at 96th and Meridian streets. The tenant and landlord, Landmark Properties Inc., represented themselves.
-Axum Ethiopian Restaurant leased 2,340 square feet at 11210 Fall Creek Parkway. The tenant and landlord, Fall Creek Shoppes LLC, were represented by Matt Jackson of Ambrose Property Group.
-Keller’s Jewelers leased 2,300 square feet of retail space at Fortune Plaza, 9655 E. US Highway 36, Avon. The landlord, Fortune Enterprise B LLC, was represented by Greg Smith of Colliers International. The tenant represented itself.
-Jet’s Pizza leased 1,950 square feet of retail space at Fishers Corner Shoppes II, 11785 Commercial Drive, Fishers. The tenant was represented by Greg Smith of Colliers International. The landlord, FC Realty Forty LLC, was represented by George Dury of Dury Investment Group.
-Penn Station East Coast Subs renewed its lease for 1,800 square feet of retail space at George Thomas Plaza, 1004 N. Shadeland Ave. The tenant and landlord, Ladywood Apartments LLC, were represented by Cindy Hoskinson and Herb Feldmann of Lee & Associates.
-Mr. Dan’s Restaurant leased 1,800 square feet of retail space in Lynhurst Shoppes Shopping Center, 5309 W. 10th St. The landlord, LOR Corp., was represented by Brett Burch of Valenti Real Estate Services. The tenant represented itself.
-Corporate Shirts Direct Inc. 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.
-State Farm Insurance leased 1,300 square feet at Sycamore Springs Office Park, 4545 Statesman Drive, Suite D. The landlord, MSE Realty LLC, was represented by Ralph Balber and Ashley Bussell of Newmark Knight Frank Halakar. The tenant represented itself.
-Noble Roman's leased 1,263 square feet of retail space at Zionsville Station, 78 Brendon Way, Zionsville. The landlord, KLC Realty LLC, was represented by Greg Smith and Joe Tarpey of Colliers International. The tenant represented itself.
-GM Sportswear leased 700 square feet of office space at 5455 W. 86th St. The landlord, Polaris Commercial Investments, was represented by Dan Baldini of Polaris Real Estate. The tenant represented itself.
Veteran hospital exec Odle to retire from IU Health
Sam Odle, one of Indianapolis’ most prominent black business leaders, will be replaced on an interim basis by Jim Terwilliger while the hospital system conducts a national search for his successor.
Largest Indiana public companies mostly fared well in 2011
Performance varied widely as industries ebbed, flowed.
Construction
-Halakar Construction has completed a 9,053-square-foot office build-out for Gallagher Health Benefits at Fidelity Keystone Tower, 650 E. Carmel Drive, Carmel.
-Halakar Construction has completed a 9,000-square-foot office build-out for Exodus Refugee Immigration at the Circle City Industrial Complex, 1125 Brookside Ave.
-Halakar Construction has completed a 1,500-square-foot office build-out for Perio Indy at Sycamore Springs Office Park, 4715-4755 Statesmen Drive.
Sales/acquisitions
-NDF III Raceway Commons LLC bought Raceway Commons, a 32,748-square-foot shopping center at 55 S. Raceway Road. The price was not disclosed. The seller, First Financial Bank, was represented by Kevin Broderick and Matt Gray of CBRE. The buyer represented itself.
-Kirby Real Estate bought Pennwood One and Two, a 78,000-square-foot, two-building office complex at 11405-11495 N. Pennsylvania St., Carmel. The price was not disclosed. The buyer was represented by Keith Dedrick of Corporate Commercial Group. The seller, Zeller Realty Group, was represented by Rebecca Wells of Cassidy Turley.
-Spectrum Janitorial Supply Corp. bought a 64,000-square-foot industrial building at 5629-5739 Professional Circle. The price was not disclosed. The buyer was represented by Tony Hupp of Summit Realty Group. The seller, Massie Holdings LLC, was represented by Fritz Kauffman of Cassidy Turley.
People
Hall, Render, Killian, Heath & Lyman PC named attorney John Williams as the head of its new federal legislative and regulatory advisory advocacy practice. The Indianapolis-based health law firm also named two of-counsel attorneys to the practice: Andrew Woods and Andrew Coats, both of whom are also part of the Washington, D.C.-based consulting firm Liberty Partners Group. Williams holds degrees from Embry-Riddle Aeronautical University and George Mason University School of Law. Woods completed his undergraduate studies at North Carolina State University and earned his law degree at University of North Carolina School of Law. Coats, the son of U.S. Sen. Dan Coats, holds a bachelor’s degree from James Madison University and a law degree from Indiana University.
Dr. Keith Knuth has joined the faculty of the Indiana University School of Medicine Department of Ophthalmology at the Eugene and Marilyn Glick Eye Institute. He will see patients at the Glick Eye Institute’s Spring Mill and Mooresville locations. Knuth earned a bachelor’s degree from Purdue University and completed his medical degree at the IU School of Medicine. He also holds an MBA degree from Butler University.
Tony Origer, a chiropractic physician, is now seeing patients two days a week at the Carmel office of Methodist Sports Medicine / The Orthopedic Specialists. Origer is continuing to manage his practice, Performance Chiropractic & Sports Rehabilitation, in Greenwood. Origer did his chiropractic training at Palmer College of Chiropractic in Davenport, Iowa. He has done work for the Indianapolis Indians, as well as the athletic teams at the University of Indianapolis and Franklin College.
LOU’S VIEWS: Myth-busting the Indy arts scene
The food at Beef & Boards is pretty good, all Vonnegut movie adaptations are not awful, and Jennie DeVoe doesn't play at every local festival.
Spec office building near Keystone to be first since 2008
A local developer plans to break ground this month on a three-story office building near Keystone at the Crossing that would be the market’s first speculative office development in four years.
BENNER: Crooked Stick may be too small for today’s pro golfers
Even a visionary like Pete Dye couldn’t see a half-century into the future.
Keystone revamps Broad Ripple garage after zoning defeat
The developer of a $15 million parking garage and retail project in Broad Ripple has overhauled its plans to comply with flood-plain rules and expects to start construction this month.
Orthopedic startups attracting big money
The Warsaw area is well-known as the home of gigantic orthopedic implant companies and their suppliers. But now a handful of startups have been able to raise nearly $25 million in equity investments despite the recession—putting a bit more fuel into a fairly stagnant entrepreneurial sector.
nFrame plans multi-million-dollar expansion of data center
Carmel-based nFrame plans a multimillion-dollar expansion of its high-tech data center near Pennsylvania and 116th Streets, the company disclosed Wednesday.
Construction
-Capitol Construction has completed a 4,500-square-foot office build-out for Batesville Interactive at 9265 Counselors Row.
-Capitol Construction has completed a 4,500-square-foot office build-out for Centerfield Capitol at 10 W Market St.
-Halakar Construction has completed 4,979-square-foot office build-out for eImagine at Waterplace Park, 8925-9011 N. Meridian St.
-Halakar Construction has completed a 1,486-square-foot office build-out for United Way at Fidelity Keystone Tower, 650 E. Carmel Drive, Carmel.-Halakar Construction has completed a 2,261-square-foot office build-out for Lawson Elser at Fidelity Keystone Tower, 650 E. Carmel Drive, Carmel.
Leases/leasing contracts
-Carrier Corp. renewed its lease for 436,343 square feet of distribution space at 710 South Girls School Road. The tenant was represented by Randy Rome of Cushman & Wakefield, and Andrew Morris, Jeremy Woods and Andrea Hopper of Summit Realty Group. The landlord, Transpacific Development Co., represented itself.
-Venture Logistics leased 299,000 square feet at 7901 W. 21st St. The tenant was represented by John Demaree of Summit Realty Group. The landlord, First Industrial, represented itself.
-O'Baby Enterprises Inc., dba Ace Hardware, leased 10,266 square feet at Noblesville Square Shopping Center, Westview Road and River Avenue, Noblesville. The tenant was represented by Nicholas Wright of Newbridge Commercial Real Estate Inc. The landlord, Riverview Hospital, was represented by Tom Kenley of Ayer’s Realty.
-SearchSoft Solutions Inc. leased 4,958 square feet of office space at 47 S. Meridian St. The tenant was represented by Mike Semler of Cassidy Turley. The landlord, Bodner Opera House LLC, was represented by Alex Cantu of Summit Realty Group.
-Anacore Inc. leased 3,655 square feet of office space at 11711 N. College Ave., Carmel. The tenant was represented by Kim Hartman, Tom Osborne, and R.J. Rudolph of Colliers International. The landlord, CFS at North College Receivership Estate, was represented by David Ciechanowicz and Jim Logan of Colliers International.
-Tulip Foot Spa leased 2,750 square feet at Yates Center, 1930 E. Stop 13 Road. The tenant was represented by Jun Liu of Carpenter Realty. The landlord, Yates Real Estate LLC, was represented by Keith Fried of Sitehawk Retail Real Estate.
-Tri-State Coatings leased 2,600 square feet of flex space at Hague Business Center, 7745 E. 89th St. The tenant was represented by Mike Napariu of REI Real Estate Services LLC. The landlord, HBC Co., was represented by John Corey of Levi Investment Realty.-Xiik LLC leased 2,240 square feet of office space at 107 S. Pennsylvania St. The tenant was represented by Andrew Martin and Bennett Williams of Cassidy Turley. The landlord, CIB Building Facilities Corp., was represented by Mike Semler of Cassidy Turley.
-Drs. Smith, Herman, Cebulko, Russell, Cofresi and Stone leased 2,181 square feet of office space at 3077 E. 98th St. The tenant was represented by Ralph Balber of Newmark Knight Frank Halakar. The landlord, Brookfield Real Estate Opportunity Group, was represented by Dave Moore and Darrin Boyd of Cassidy Turley.
-Laser & Light Surgery Center Inc. renewed its lease for 1,714 square feet at Indiana American Office Park, Building 2, 533 E. County Line Road, Greenwood. The landlord, I – A Building 2 LLC, was represented by Jeff Merritt and Tim Norton of Summit Realty Group. The tenant represented itself.
-Farmer Lumpe + McClelland leased 1,515 square feet of office space at 3091 E. 98th St. The tenant was represented by Spud Dick of Cassidy Turley. The landlord, Brookfield Real Estate Opportunity Group, was represented by Dave Moore and Darrin Boyd of Cassidy Turley.
-Uzelac & Associates Inc. leased 1,500 square feet at Chapel Hill Professional Complex, 650-652 N. Girls School Road. The landlord, JMMS LLC, was represented by Jeff Merritt of Summit Realty Group. The tenant represented itself.
-Indiana Spray Foam LLC leased 1,260 square feet at 9815 Mayflower Park Drive, Carmel. The landlord, ICS II LLC, was represented by Jeff Merritt of Summit Realty Group. The tenant represented itself.
Sales/acquisitions
11711 N. College LLC bought a 74,395-square-foot office building at 11711 N. College Ave., Carmel. The price wasn’t disclosed. The seller, CFS at North College Receivership Estate, was represented by Kim Hartman, Tom Osborne and R.J. Rudolph of Colliers International. The buyer represented itself.
CBHS Inc. bought a 13,396-square-foot building at 5368 Professional Circle. The price wasn’t disclosed. The seller, UFCW Local 700, was represented by Matt Jackson of Ambrose Property Group. The buyer represented itself.