Developer launches $19M apartment project in Carmel
Locally based J.C. Hart Co. has broken ground on a $19 million apartment community at the northeast corner of 116th Street and College Avenue in the Carmel Performing Arts District.
Locally based J.C. Hart Co. has broken ground on a $19 million apartment community at the northeast corner of 116th Street and College Avenue in the Carmel Performing Arts District.
-Capitol Construction Services has completed a 1,876-square-foot build-out for Dr. Ralph Waldo at 11350 N. Meridian St., Carmel.
-Kort Builders has started construction of an interior addition for the Indiana Youth Institute at 603 E. Washington St., Suite 800.
-OHL, a third-party logistics provider, leased 405,492 square feet at 281 Airtech Parkway, Plainfield. The tenant was represented by Steve Schwegman, Jake Sturman and Brian Seitz of Jones Lang LaSalle and Randy Wolcott, Doug McDowell and Jess Andrews of ProVenture. Jones Lang LaSalle also represented the landlord/owner, Prologis.
-Monkey Joe’s leased 17,522 square feet at Southport Commons, 4650 Southport Road. The tenant was represented by Tom and Connie Niessink of Niessink Commercial. The landlord, Southport Commons, was represented by Tom English and Larry Davis of Sitehawk Retail Real Estate.
-Premier HealthTel, a subsidiary of SeKayi Holdings, leased 8,472 square feet of office space at 4030 Vincennes Road. The tenant and landlord, Coastal Partners, were represented by Tom Hadley and Matt Waggoner of Summit Realty Group.
-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.
-SynCare LLC, a subsidiary of SeKayi Holdings, leased 4,947 square feet of office space at 4030 Vincennes Road. The tenant and landlord, Coastal Partners, were represented by Tom Hadley and Matt Waggoner of Summit Realty Group.
-Harland Financial leased 4,821 square feet of office space at 12800 N. Meridian St., Carmel. The tenant was represented by Matt Waggoner and Jon Jessup of Summit Realty Group. The landlord, Duke Realty Corp., represented itself.
-Alfred Angelo Bridal leased 3,817 square feet at Castleton Square Mall, 6020 E 82nd St. The tenant was represented by Larry Davis and Tom English of Sitehawk Retail Real Estate and TedGarrity of CresaPartners. The landlord, Simon Property Group, was represented by Jamie Christman of Simon.
-Bright Now! Dental leased 3,410 square feet at Avon Commons, 10439 U.S. Highway 36, Avon. The tenant was represented by Daniel Clark of Goodman Real Estate Services Group LLC. The landlord, Avon Commons Shopping Center, was represented by Larry Davis and Tom English of Sitehawk Retail Real Estate.
-American Academy of Osteopathy leased 3,378 square feet of office space at 3500 DePauw Blvd. The tenant was represented by Matt Waggoner of Summit Realty Group. The landlord, Sterling American Properties, was represented by Dave Moore, Darrin Boyd and Bennett Williams of Cassidy Turley.
-SalonCentric leased 2,800 square feet at Washington Corner, 9966 E. Washington St. The tenant was represented by Larry Davis of Sitehawk Retail Real Estate and Jim Foran of Atlantic Real Estate Services. The landlord, Washington Corner LP, was represented by Jeff Roberts of The Broadbent Co.
-Bicycle Exchange leased 1,400 square feet of retail space in Winthrop Commons, 5345 N. Winthrop Ave. The landlord, North Winthrop Commons, was represented by Ron Mannon and Scott Herider of Lee & Associates. The tenant represented itself.
A Hamilton County jury sided with Joseph Radcliff in his lengthy legal battle with the insurer following a 2006 hailstorm that caused severe damage in central Indiana. State Farm accused Radcliff of fraud.
Along with players’ salaries and contract terms, revenue sharing among the NBA’s 30 team owners is becoming the wild-card issue that could blow the lid off contract negotiations.
Fishers-based Forum Credit Union was on the upswing from a sizable loss in 2008 when a slew of challenges hit late last year. Now Forum is rebuilding its earnings—and looking for a new leader to steer the company.
In a monthly feature that runs in the first issue of the month, through October, IBJ is identifying influential players in eight different industry categories. This month, our list draws from among the city’s finest legal minds in education, public-sector law, the judicial system and the broad swath of attorneys practicing solo and in firms of all sizes.
Carolyn Mosby brings a wealth of experience to the Indiana Minority Supplier Development Council, which she hopes to lead to the next level of success.
Fire crews battled a large blaze in Westfield early Wednesday morning that heavily damaged the Logo USA Corp. clothing business and warehouse near U.S. 31 and State Road 32. Flames were seen shooting from the roof of the building when crews arrived. Firefighters from Westfield, Carmel and Noblesville contained the blaze in about 20 minutes. No injuries were reported. The cause of the fire was not immediately known. The company does embroidery work and printing at the facility.
Capitol Construction Services Inc. has completed an 11,150-square-foot build-out for Oak Street Funding at 11350 N. Meridian St., Carmel.
-Planet Fitness leased 15,763 square feet of retail space in Emerson Plaza, 5247 Thompson Road. The tenant was represented by Bart Jackson and Scot Courtney of Lee & Associates. The landlord, Horizon Sun/WB LLC, was represented by Jeff James of Lamar Cos.
-TIC International Corp. leased 15,391 square feet at 11590 N. Meridian St., Carmel. The landlord, Fidelity Office Building II LP, was represented by Mike Napariu of REI Real Estate Services LLC. The tenant represented itself.
-Apria Healthcare Inc. leased 9,652 square feet of office space at 11711 N. College Ave., Carmel. The tenant was represented by Jim Bowers of Corporate Realty Associates. The landlord, CFS at North College LLC, was represented by Darrin Boyd and Dave Moore of Cassidy Turley.
-Track Technology Systems Inc. leased 4,000 square feet at 6784 Hawthorn Park Drive. The tenant was represented by Fritz Kauffman of Cassidy Turley. The landlord, Hawthorn Park LLC, represented itself.
-Advantage Fluid Systems LLC leased 2,700 square feet at 8170 Zionsville Road in Park 100. The tenant was represented by Fritz Kauffman of Cassidy Turley. The landlord, ProLogis, was represented by Jason Speckman of Summit Realty Group.
-Statewide Title Company Inc. leased 2,109 square feet of office space at 6525 E. 82nd St. The tenant was represented by John Crisp of Cassidy Turley. The landlord, NRFC Castleton Park Holdings LLC, was represented by Dave Moore and Darrin Boyd of Cassidy Turley.
-Restorative Specialty Group Inc. leased 2,100 square feet of office space at 9860 Westpoint Drive. The landlord, Crosspoint Partners VII LLC, was represented by Darrin Boyd and Dave Moore of Cassidy Turley. The tenant represented itself.
-Boogie Burger leased 1,986 square feet at 1904 Broad Ripple Ave. The tenant was represented by Catherine Esselman of Penn Real Estate Inc. The landlord, Marcus Burnell, was represented by Thomas Cortese III of Acorn Group Inc.
-Thien Phu Viatnamese Cuisine leased 1,458 square feet of retail space in the Fortune Plaza Shopping Center, 9655 U.S. Highway 36, Avon. The landlord, Fortune Plaza B LLC, was represented by Greg Smith of Colliers International. The tenant represented itself.
-Silver Moon Salon leased 1,400 square feet at Greenwood Springs, 1279 Emerson Avenue, Suite A-2, Greenwood. The tenant was represented by Shannon Hicks of CB Richard Ellis. The landlord, Regency Realty Group Inc., was represented by Keith Fried of Sitehawk Retail Real Estate.
-Indianapolis TV Sales leased 1,366 square feet of retail space in the Eagle Creek Shopping Center, 3804 N. High School Road. The landlord, Eagle Creek Shopping Center LLC, was represented by Greg Smith and Kevin Piper of Colliers International. The tenant represented itself.
A federal judge blocked parts of Indiana's new immigration law, saying the law was the latest failed effort of states to deal with a primarily federal issue.
Mike and Sally Kerr can see directly to the past as they walk around their Southern plantation-style residence built completely around the walls of Woodland Country Club’s original club house.
The North of South mixed-use project in downtown Indianapolis is just the latest development for Brad Chambers, who started out in the landscaping business.
Several notable departures including Flower Factory and Frankey’s lead off the latest retail real estate roundup.
A proposal for a roughly $100 million mix of retail, office and apartments along Springmill Road south of 116th Street was OK’d Monday night by the Carmel City Council after numerous concessions.
-PPG Aerospace renewed its lease for 35,346 square feet of industrial space in Corporate Center North II, 6022 Corporate Way. The tenant was represented by Stan Elser and Jim Karozos of Lee & Associates. The landlord, CalEast Industrial Investors, was represented by Bryan Poynter of Cassidy Turley.
-Harvest Bible Chapel of North Indianapolis leased 11,500 square feet of office space at 9675 E. 148th St., Noblesville. The tenant was represented by Paul Dick and Kevin Dick of Colliers International. The landlord, Brittany Properties LLC, was represented by Brad Williams and John Demaree of Summit Realty Group.
-Dollar Tree leased 9,100 square feet at Stones Crossing Shopping Center, 2800 S. State Road 135, Greenwood. The tenant was represented by Dawn Lyon of Sitelink Commercial Realty. The landlord, TKC Properties LLC, was represented by Wayne O’Hara of Sitehawk Retail Real Estate.
-Center for Diagnostic Imaging-CDI Radiology leased 7,149 square feet at Indiana American Office Park-Building 3, 521 E. County Line Road, Greenwood. The tenant was represented by Tim Norton of Summit Realty Group. The landlord, Indiana-American Associates LLC, was represented by Jeff Merritt of Summit Realty Group.
-Tesco leased 6,300 square feet at Park 100-Building 105, 5720-80 W. 71st St. The tenant was represented by J.D. Graves of CB Richard Ellis. The landlord, Blue Real Estate, was represented by Alex Cantu and Jason Speckman of Summit Realty Group.
-Rheem Sales Company Inc. leased 5,494 square feet in Crosspoint One, 9855 Crosspoint Blvd., Fishers. The tenant was represented by Tom Ferguson of Premier Commercial Real Estate Services. The landlord, LIT Industrial Limited Partnership, was represented by Fritz Kauffman and Bryan Poynter of Cassidy Turley.
-Kiddieville Daycare Ministries leased 5,100 square feet at 4444 W. 10th St. in Speedway Industrial Park. The landlord, Speedway Industrial Park LP, was represented by Bill Bryam of Cassidy Turley. The tenant represented itself.
-BP Canada Energy Marketing Corp. renewed its 3,566-square-foot lease at Meridian Parke North, 373 Meridian Parke Lane, Greenwood. The tenant was represented by Graham Summers of Jones Lang LaSalle. The landlord, AAAG LLC, was represented by Tim Norton and Jeff Merritt of Summit Realty Group.
-Advanced Physical Therapy leased 2,857 square feet of medical office space at 1642 S. Olive Branch Park Lane, Greenwood. The tenant was represented by John Crisp of Cassidy Turley. The landlord, KLC Realty LLC, was represented by Greg Smith and Joe Tarpey of Colliers International.
-University Lending Group LLC leased 2,350 square feet of office space at 11988 Fishers Crossing, Fishers. The landlord, RB Partners, was represented by Paul Dick and Kevin Dick of Colliers International. The tenant represented itself.
-Silver Creek Management LLC leased 1,500 square feet of medical office space in the Decatur Depot retail center at 5021 Kentucky Ave. The tenant was represented by Ryan Conrad of Colliers International. The landlord, KLC Realty LLC, was represented by Greg Smith and Joe Tarpey of Colliers International.
-Apollo North America Inc. leased 1,203 square feet of office space in Carmel Office Court, 301 E. Carmel Drive, Carmel. The landlord, Finsilver Friedman Management Corp., was represented by Paul Dick and Kevin Dick of Colliers International. The tenant represented itself.
Say what? “Excessive hospitality” while promoting its drug Byetta got Eli Lilly and Co. dinged by the U.K.-based Prescription Medicines Code of Practice Authority, a self-regulatory group. And what exactly counts as “excessive”? Seven pints of beer, two gins, two whiskies, seven whisky liqueurs and three large glasses of red wine—oh, and a taxi fare afterward, according to a summary of the case posted by the practice authority. The booze was purchased at an Indian restaurant for three Lilly sales reps and two diabetes nursing specialists. The occasion was the endocrinologist speaking about off-label uses of Byetta. The practice authority asked Lilly to look into the complaints of an ex-employee, but Lilly said there was no case to answer. The authority determined otherwise, which is why it gave Lilly its public flogging.
Indiana University Health has pulled a prominent practice of cancer physicians into its fold. Central Indiana Cancer Centers sold its five facilities to IU Health and transferred its 150 employees to the Indianapolis-based hospital system. The 16 physicians in the practice will remain independent, but they have signed a service agreement with IU Health. Financial terms of the deal, which closed June 1, were not disclosed. But it is a big win for IU Health, as Central Indiana Cancer Centers has a well-established presence in Carmel, Fishers, Greenfield, Greenwood and the east side of Indianapolis. Cancer services are key financially for hospitals because of the growing prevalence of the disease, and also because cancer patients often need surgery. IU Health now has more than 60 medical oncologists, not counting any of its radiation oncologists or cancer surgeons. Central Indiana Cancer Centers, established near Community Hospital-East in 1976, also had discussions with the three other major hospital systems in Indianapolis: Community, St. Vincent Health and Franciscan St. Francis Health. A partnership with a hospital became essential for Central Indiana Cancer Centers as hospitals have spent the past three years gobbling up physicians of all stripes—both primary care doctors and specialists. IU Health Physicians now employs more than 500 doctors and Community Health Network has more than 550.
City officials on Thursday unveiled a long-term plan to redevelop an industrial stretch northwest of downtown with the goal of attracting hundreds of residents and dozens of high-tech companies to the area. The ambitious urban renewal effort, dubbed the 16 Downtown Technology District, builds from a strategy discussed over more than a decade to turn the corridor between IUPUI and 16th Street into a life-sciences research hub. The idea is to create a trendy urban district where residents can live within blocks of work. The project could require $15 million to $20 million in public investment and hundreds of millions of dollars in private investment. It is expected to take 10-20 years to complete. Officials said a final agreement is near for the redevelopment of the historic Bush Stadium site, which is wedged between 16th Street and the White River near Harding Street. The city is contributing about $5 million to the $23 million project, including tax dollars generated in the area and more that will be transferred from the consolidated downtown tax-increment financing district. Developer John Watson said he also is seeking a federal loan to help finance part of the project. Indianapolis also will invest another $3 million in public money to renovate Indiana Avenue from roughly 10th Street to 16th Street with new landscaping, walking paths, bike lanes and other streetscape elements designed to brand the area. That funding will come from initial proceeds from the sale of the city’s water and sewer utilities to Citizens Energy Group.
A receiver will take control of assets held by Samex Capital CEO Keenan R. Hauke, a prominent Fishers money manager accused by state officials of violating securities laws.