Construction
Capitol Construction Services Inc. has completed a 29,000-square-foot office build-out for Liberty Mutual at 11611 N. Meridian St., Carmel.
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Leases/leasing contracts
-Formosa Seafood Buffet leased 15,000 square feet at Castleton Plaza, 6300 E. 82nd St. The tenant was represented by Ben Li of Mid-America Realty Inc. The landlord, The Broadbent Co., was represented by Brian Broadbent.
-Paul Davis Restoration leased 9,519 square feet at 9715 Kincaid Drive, Fishers. The tenant was represented by Cam Kucic and Tony Hupp of Summit Realty Group. The landlord, Meritex Enterprises, was represented by Brian Buschuk and Brian Seitz of Jones Lang LaSalle.
-H.J. Spier Co. Inc. leased 8,784 square feet of office space at Four Woodfield, 8250 Woodfield Crossing Blvd. The tenant was represented by Tom Osborne of Colliers International. The landlord, Federal Home Loan Bank of Indianapolis, was represented by Rick Trimpe and Tim Hull of CB Richard Ellis.
-Legacy Ventures Inc. leased 5,400 square feet of industrial flex space at 5705 W.85th St. The tenant was represented by Rob Christman of Bridge Real Estate Advisors Inc. The landlord, BRE/US Industrial Properties LLC, was represented by Jason Speckman of Summit Realty Group.
-Pekin Insurance leased 3,558 square feet of office space at 2611 Waterfront Parkway. The tenant was represented by Richard King III of Hokanson Cos. The landlord, New Boston Jacaranda LP, was represented by Gus Sevastianos and Brian Fitzgerald of Citimark Management Co. Inc.
-Key Sheet Metal leased 3,252 square feet at Garfield Industrial, 2248 N Emerson Ave., Suite C. The landlord, Painter Bay Trust, was represented by David Ciechanowicz of Colliers International. The tenant represented itself.
-Moe’s Southwest Grill leased 2,479 square feet of retail space at Rockville Station, 9263 E. Highway 36, Avon. The tenant was represented by Rob Warstler of Colliers International. The landlord, Rockville Station LLC, was represented by Keith Fried of Sitehawk Retail Real Estate.
-Circle Center Auto Rebuilders leased 2,002 square feet at Garfield Industrial, 4847 E. 23rd St. The landlord, Painter Bay Trust, was represented by David Ciechanowicz of Colliers International. The tenant represented itself.-Huddles Sweet Shop & Boutique leased 1,821 square feet at Sophia Square, 110 W. Main St., Carmel. The tenant was represented by Steve Delaney of Sitehawk Retail Real Estate. The landlord, Carmel Lofts LLC, was represented by Ersal Ozdemir of Keystone Construction Group.
-Communications Workers of America leased 1,721 square feet of office space at 2780 Waterfront Parkway. The landlord, New Boston Jacaranda LP, was represented by Gus Sevastianos and Brian Fitzgerald of Citimark Management Co. Inc. The tenant represented itself.
-All Day Towing leased 1,500 square feet at Garfield Industrial Park, 2251 N Dequincy St., Suite E. The landlord, Painter Bay Trust, was represented by David Ciechanowicz of Colliers International. The tenant represented itself.
-Yogi Frozen Yogurt leased 1,200 square feet of retail space at Sunblest Shoppes, 11803 Allisonville Road, Fishers. The tenant was represented by Kevin Piper of Colliers International. The landlord, G& J LLP, was represented by Greg Smith and Rob Warstler of Colliers International.
-Verizon Wireless leased 1,200 square feet of retail space at Riverstation Shopping Center, 780 Westfield Road, Noblesville. The tenant was represented by Greg Smith of Colliers International. The landlord, Riverstation LLP, was represented by Rob Warstler of Colliers International.
-DB Services leased 1,032 square feet of office space at 8604 Allisonville Road. The tenant was represented by Bryan Miller of Cassidy Turley. The landlord, Castle Creek Office LLC, was represented by Gus Sevastianos and Brian Fitzgerald of Citimark Management Co. Inc.Prospects bright for Borders replacements
Brokers expect strong demand from other retailers, in part because the failed bookstore chain carefully chose its real estate, opting for locations near concentrations of affluent and educated consumers.
STYRING: Be grateful for the Wabash & Erie debacle
The Wabash & Erie Canal Co. is responsible for how the Indiana constitution restricts what our governments can do with government debt.
Tech consultant Allegient plans expansion, 42 jobs
Carmel-based IT consultant Allegient LLC plans to grow its central Indiana operations, adding as many as 42 jobs over the next five years.
A few restaurants close as other eateries, retailers plan growth
Among the casualties is the downtown restaurant Hue and Carmel’s The Glass Chimney. El Rodeo, Eggshell Bistro and Hotcakes Emporium are among those opening locations in the area.
ITT Educational continues enrollment, profit slide
In the second quarter, the Carmel-based operator of for-profit colleges saw enrollment drop 19.9 percent and profit sink 17.7 percent. But the company posted strong earnings per share by continuing to buy back shares.
BONIFIELD: Bad laws now costing taxpayers in court
The focus of this session should have been on improving the economy and creating jobs. Instead, money, time and energy were wasted on red herrings.
A tasty roundup: El Rodeo, Vino Villa, Hotcakes, Subacos
Read about several new places to eat and shop in this week’s edition of the restaurant and retail roundup.
Construction
-Capitol Construction Services has completed a 3,170-square-foot office build-out for D.A.D.S. at 11350 N. Meridian St., Carmel.
-Capitol Construction Services has completed a 12,128-square-foot office build-out for The Yellow Pages at 9200 Keystone Crossing.
Leases/leasing contracts
-Chispas leased 19,260 square feet at Lafayette Shoppes, West 38th Street and Lafayette Road. The tenant was represented by Frank Swiss of The Swiss Group. The landlord, The Broadbent Co., represented itself.
-Affordable Furniture leased 6,895 square feet of retail space at Greenwood Shoppes, U.S. 31 and Fry Road, Greenwood. The tenant was represented by Tracey Holtzman of Midland Atlantic. The landlord, The Broadbent Co., represented itself.
-Webster Veterinary Supply leased 5,400 square feet of industrial space at 2462 S. West St. The tenant was represented by Jim Teskey of Cresa Partners. The landlord, Carter Truck Lines Inc., was represented by Bill Brennan of Lee & Associates.
-Nature’s Pharm leased 4,348 square feet of retail space at Castleton Place, 5836-5896 E. 82nd St. The landlord, The Broadbent Co., was represented by John Beuoy of Broadbent. The tenant represented itself.
-Ideal Image leased 3,200 square feet of retail space at Fashion Mall Commons, 8487 Union Chapel Road. The tenant was represented by Chris Wiley and Rob Warstler of Colliers International. The landlord, The Broadbent Co., was represented by John Beuoy of Broadbent.
-Protection One Alarm Monitoring leased 3,032 square feet of office space at 65 Airport Parkway, Suite 120. The tenant was represented by Jim Shook and Jon Hardy of Coldwell Banker Commercial Realty Services. The landlord, TDH Investments, was represented by Darrell Pike of Precedent Realty.
-Amicus Financial leased 2,711 square feet of office space at 8440 Woodfield Crossing Blvd. Cassidy Turley, acting as court-appointed receiver, was represented by Darrin Boyd and Dave Moore of Cassidy Turley. The tenant represented itself.
-Transformations Pilates Studio leased 2,228 square feet at Clearwater Crossing, 3800-3900 E. 82nd St. The tenant was represented by Brad King of Colliers International. The landlord, The Broadbent Co., was represented by John Beuoy of Broadbent.
-Ambassador Strategies leased 2,207 square feet of office space at 8606 Allisonville Road. The landlord, Castle Creek Office LLC, was represented by Gus Sevastianos and Brian Fitzgerald of Citimark Management Co. Inc. The tenant represented itself.
-Star Leasing leased 1,933 square feet at 11590 N. Meridian St., Carmel. The landlord, Fidelity Office Building II, L.P., was represented by Mike Napariu of REI Real Estate Services LLC. The tenant represented itself.
-Technology Interiors leased 1,600 square feet of retail space at Fall Creek Harbour, 10130 Brooks School Road, Fishers. The tenant and landlord, FCH Associates Inc., were represented by Cindy Hoskinson and Herb Feldmann of Lee & Associates.
-Foxy’s Hair Studio leased 1,546 square feet of retail space at Plainfield Village, 160 Plainfield Village Drive, Plainfield. The landlord, The Broadbent Co., was represented by Jeff Roberts of Broadbent. The tenant represented itself.
-The French Seam leased 1,400 square feet of retail space at Clearwater Shoppes, 3800-3900 E. 82nd St. The tenant was represented by George Crawford of Meridian Real Estate. The landlord, The Broadbent Co., was represented by John Beuoy of Broadbent.
-Kucic & Associates Realty leased 1,225 square feet of retail space in Fall Creek Harbour, 10142 Brooks School Road, Fishers. The tenant was represented by Jeff Kucic of Kucic & Associates Realty. The landlord, FCH Associates Inc., was represented by Cindy Hoskinson and Herb Feldmann of Lee & Associates.
Jillian’s set to vacate ground floor of downtown building
An unidentified restaurant and bar is set to sign a lease by Sept. 1 to assume the Meridian Street space Jillian’s has agreed to relinquish as part of a lease dispute with its landlord. The entertainment complex will continue to operate on the second and third floors.
Chefs become teachers as appetite grows for fresh, homemade meals
Locally and nationwide, interest in live cooking classes taught by chefs has grown. Many such classes have abandoned a traditional in-kitchen experience, opting instead for “destination” demonstrations featuring local ingredients.
Developer tries ‘pocket’ neighborhood in Carmel
A veteran local homebuilder is tearing up the suburban residential playbook with a new project in Carmel that offers tightly spaced bungalows clustered around grassy courtyards.
DINING: Same menu, new venue for downtown Bazbeaux
It was foolish, I suppose, to walk into Bazbeaux’s new Mass Ave location expecting anything culinarily different from what was served across the street at its former downtown site.
Massage franchise expanding Indiana presence
Scottsdale, Ariz.-based Massage Envy plans to open nine new locations in Indiana in the next year. Five of those should be in the Indianapolis area.
Event merges forces of old, new venture-capital groups
The third annual Innovation Showcase is getting a boost from a partnership between the Venture Club of Indiana and tech social group Verge.
People
-The Epps-Elson Team—Cathy Epps, Kevin Elson and Jeff Cloyd—has joined RE/MAX Ability Plus, Carmel.
–Kevin Elson has been named managing broker for RE/MAX Ability Plus, Carmel.