St. Louis furniture retailer plans expansion into Indy
Weekends Only Furniture Outlet, which has five stores in the St. Louis area, plans to make its first expansion outside of its home market by opening a 92,000-square-foot store in Castleton.
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Articles
Mayor promotes city controller to chief of staff
City-County Controller Jason Dudich will succeed Ryan Vaughn, who is leaving the mayor’s office to become president of the Indiana Sports Corp.
Feds’ ruling could spur electricity rate cuts
In an Oct. 16 decision affecting Indiana and 14 other states, the Federal Energy Regulatory Commission said the utilities must negotiate with six customer groups that brought a complaint last year.
New Pacers president climbed ladder by mastering the details
Dependability—in a wide range of roles with the team—spurred Pacers Sports & Entertainment President Jim Morris earlier this year to recommend to owner Herb Simon that Fuson become his successor. On Sept. 30, Simon made it official, naming Rick Fuson president.
Irvington shuffle: bakery moving, restaurant opening
Roll With It Bakery is moving to the Coal Factory redevelopment, allowing the Chef Dan’s food truck folks to bring their mobile menu of “southern comfort” food to a permanent location.
Leases/leasing contracts
-Aldi grocery store leased 18,825 square feet at Greyhound Plaza, 146 N. Meridian St, Carmel. The tenant was represented by Jim Abel of Lee & Associates. The landlord, The Broadbent Co., was represented by John Beuoy of Broadbent.
-Delivra Inc. leased 9,016 square feet of office space at 8415 Allison Pointe Blvd. The tenant was represented by Kevin Dick and Paul Dick of Colliers International. The landlord, E-L Allison Pointe IV LLP, was represented by Adam Broderick of JLL.
-Gary L. Bacon DDS PC leased 5,964 square feet of office space at 9650-9670 E. Washington St. The tenant was represented by Spud Dick and John Crisp of Cassidy Turley. The landlord, HTA-Medical Portfolio 3 LLC, was represented by Julia Schnepper of Healthcare Management of America Inc.
-Planned Investment Co. Inc. renewed its lease for 3,200 square feet at Precedent Office Park, 9265 Counselors Row. The tenant was represented by Andrew Follman of NAI Meridian. The landlord, Precedent Co-Investor LLC, was represented by Tammy Recker and John Robinson of JLL.
-Gimbal Financial leased 2,228 square feet of office space at 10100 Lantern Road, Fishers. The tenant was represented by Darrin Boyd and Dave Moore of Cassidy Turley. The landlord, Genesis Development Group LLC, was represented by Paul Dick of Colliers International.
-Master Installers Inc. leased 1,500 square feet of industrial space in Greenwood Oaks Business Centre, 500 S. Polk St., Greenwood. The tenant and landlord, Greenwood Oaks Investments LLC, were represented by Teresa Harwood of Lee & Associates.
-Classic Kitchen & Granite renewed its lease for 1,170 square feet at 705 S. Rangeline Road, Carmel. The landlord, Mohawk Investments LLC, was represented by Ryan Smith of Lauth. The tenant represented itself.
-OSpa leased 940 square feet of retail space at 715 S. Rangeline Road, Carmel. The landlord, Mohawk Investments LLC, was represented by Ryan Smith of Lauth. The tenant represented itself.
-Allstate Insurance renewed its lease for 814 square feet at 725 S. Rangeline Road, Carmel. The landlord, Mohawk Investments LLC, was represented by Ryan Smith of Lauth. The tenant represented itself.Sports Corp., Speedway make way for new leadership
The change of guard at Indiana Sports Corp. will take place in late October, giving Ryan Vaughn time to finish out negotiations for the city’s 2015 budget, currently under review by the City-County Council.
Melangton leaving Sports Corp. for IMS
Allison Melangton plans to step down as Indiana Sports Corp. president and will become senior vice president of events with Hulman & Co., parent of the Indianapolis Motor Speedway. Ryan Vaughn, chief of staff to Indianapolis Mayor Greg Ballard, will succeed Melangton.
Paper companies sue over Indianapolis recycling deal
A lawsuit filed by two paper companies and an Indianapolis resident seeks to invalidate a city agreement with Covanta to build a $45 million recycling center.
Financial services firm to hire up to 153 in Castleton
Chicago-based Cortland Capital Market Services, which has $40 billion in assets under administration, has begun hiring for a variety of financial positions. The Indiana Economic Development Corp. has agreed to provide Cortland up to $1.8 million in tax credits.
Leases/leasing contracts
-JLL has been hired by USAA Real Estate Co. as leasing manager for Lake Pointe Center III and Lake Pointe Center IV at 8470 and 8520 Allison Pointe Blvd. JLL's Kevin Gillihan and Eric Pryor will handle leasing at the 170,000-square-foot office complex.
-Emporium LLC leased 40,980 square feet at River Ridge Plaza, 2100 Scatterfield Road, Anderson. The tenant was represented by Tracey Holtzman of Midland Atlantic Properties. The landlord, Sandor, was represented by Jeff Roberts of Sandor.
-CDI renewed its lease for 12,106 square feet at 11900 N. Meridian St. The tenant was represented by Tim Norton of Cushman & Wakefield/Summit. The landlord, Cornerstone Companies Inc., represented itself.
-Circle City Martial Arts & Fitness leased 6,591 square feet at 6107 Airport Blvd., Building 106, Mount Comfort. The tenant was represented by Joe Lonnemann of NAI Meridian Real Estate LLC. The landlord, The Peterson Property Group LLC, was represented by Matt Langfeldt, Rich Forslund and Jason Speckman of Cushman & Wakefield/Summit.
-AFC Enterprises d/b/a Popeyes Louisiana Kitchen leased a 5,480-square-foot building at 6161 E. 82nd St. The tenant was represented by Steve Delaney and Larry Davis of Sitehawk Retail Real Estate. The landlord, Huffer Holdings LLC and SunTrust Bank, was represented by Jeff Hubley and Patrick Boyle of Midland Atlantic Properties.
-McGilvery’s Tap House leased 4,260 square feet at Greenbrook Shoppes, 8249 U.S. 31 South. The tenant was represented by John Schick of Schick Properties. The landlord, Williams Realty Nine LLC, was represented by Larry Davis and John Baker of Sitehawk Retail Real Estate.
-American Mattress leased 3,313 square feet at Fishers Marketplace, 131st Street and State Road 37, Fishers. The tenant was represented by David Lucas of Julius M. Feinblum Real Estate Inc. The landlord, Thompson Thrift Development, was represented by Ryan Menard of Thompson Thrift.
-TKO Taekwondo leased 2,560 square feet at Greenbriar Shopping Center, 1315 W. 86th St. The landlord, Prime Property Investors Fund VIII, was represented by Keith Fried of Sitehawk Retail Real Estate. The tenant represented itself.
-The Urban Chalkboard leased 2,529 square feet at The Carmel Marketplace, 452 E. Carmel Drive, Carmel. The tenant was represented by Tracey Holtzman of Midland Atlantic Properties. The landlord, Buckingham Fountains LLC, was represented by Gary Perel of Newmark Knight Frank Halakar.
-9 Dragons Distribution leased 2,400 square feet at Centre East Shopping Center, 10537 E. Washington St. The landlord, Centre East LLC, was represented by Dean Almas of Sitehawk Retail Real Estate. The tenant represented itself.
-State Farm leased 1,600 square feet at 6335 Intech Commons Drive. The landlord, Inland American Management LLC, was represented by Jeff Hubley of Midland Atlantic Properties. The tenant represented itself.
-Menchies Frozen Yogurt leased 1,600 square feet at 2683 E. Main St., Suite 108, Plainfield. The tenant was represented by Jeff Hubley of Midland Atlantic Properties. The landlord, Plainfield Commons II LLC, was represented by Liz Yoho of Providence Development LLC.
-Total Home Design Center leased 1,600 square feet at Meridian Meadows, 3003 Meridian Meadows Road, Greenwood. The landlord, TCP Meridian Meadows LLC, was represented by Keith Fried of Sitehawk Retail Real Estate. The tenant represented itself.
-Dottie Couture leased 1,340 square feet at The Depot at Nickelplate, 8594 E. 116th St., Fishers. The tenant was represented by Allison Hawley of Niessink Commercial Real Estate. The landlord, Fishers Owners LLC, was represented by Steve Delaney and Keith Fried of Sitehawk Retail Real Estate.
Sales/acquisitions
-Popeyes Louisiana Kitchen bought a 0.85-acre outlot at 4920 W. 38th St. The buyer was represented by Steve Delaney and Larry Davis of Sitehawk Retail Real Estate. The seller, GE Capital, was represented by Allison Hawley of Niessink Commercial Real Estate
-AFC Enterprises dba Popeyes Louisiana Kitchen bought the former Big Red Towing at 3821 N. Keystone Ave. The buyer was represented by Steve Delaney and Larry Davis of Sitehawk Retail Real Estate. The seller, Joe Long, represented himself.
-MSM Real Estate Holdings LLC dba Methodist Sports Medicine bought the 38,000-square-foot 1401 Office Park at 1401, 1405 and 1411 W. County Line Road, Greenwood. The buyer was represented by Itamar Cohen of Prudential Commercial Group. The seller, First Financial Bank, was represented by Steve Beals and Richard King III of Lee & Associates.
-Hockett Real Estate LP bought 32 acres at 6551 and 6591 S. Indianapolis Road, Whitestown. The seller, C and W Inc., was represented by Tom Osborne and Ross Reller of Colliers International. The buyer represented itself.
-San Antonio-based USAA Real Estate Co. bought Lake Pointe Center III and Lake Pointe Center IV office buildings at 8470 and 8520 Allison Pointe Blvd. The seller of the 170,000-square-foot complex, Sun Life Assurance Co. of Canada, was represented by Rebecca Wells, Jim Postweiler and John Robinson of JLL. The buyer represented itself.
St. Vincent considers $14M sports performance facility at Marian
Marian University, St. Vincent Health and four amateur sports groups have entered into formal discussions that could result in major developments at the northwest-side campus, the university announced Tuesday.
Leases/leasing contracts
-The District Tap leased 15,062 square feet at 3720 E. 82nd St. The tenant was represented by Michael Cranfill of Sitehawk Retail Real Estate. The landlord, White River Investments LP, was represented by John Beuoy of The Broadbent Co.
-Hoosier Cancer Research Network Inc. leased 7,884 square feet of office space at 500 N. Meridian St. The tenant was represented by Spud Dick and John Crisp of Cassidy Turley. The landlord, Ambrose Property Group, was represented by John Vandenbark of CBRE.
-Sitehawk Retail Real Estate leased 6,173 square feet of office space at 8500 Keystone Crossing. The landlord, PWA Keystone Crossing LP, was represented by Andrew Martin and Bennett Williams of Cassidy Turley. The tenant represented itself.
-Wings Etc. leased 4,748 square feet of retail space at Greenfield Station,1925 Melody Lane, Greenfield. The tenant was represented by Dean Almas of Sitehawk Retail Real Estate. The landlord, LOR Corp., was represented by Jacque Haynes of Cassidy Turley.
-Auto-Chlor System renewed its lease for 3,600 square feet of industrial space at 5333-5367 W. 86th St. The landlord, Iron Point Titan Asset Management LLC, was represented by Bryan Poynter of Cassidy Turley. The tenant represented itself.
-Little Caesar’s Pizza leased 3,500 square feet of retail space at 3400 S. East St. The tenant was represented by Seth Biggerstaff of Veritas Realty. The landlord, James Crewes, was represented by Hugh Kennerk of Sperry Van Ness/Sycamore Commercial.
-Companion Care Co. leased 2,520 square feet at 51 S. Park Blvd, Greenwood. The tenant was represented by Thomas Cortese III of CREstacom Real Estate Solutions. The landlord, South Park Group LLC, was represented by Brian Dell of Cushman & Wakefield/Summit.-Shackelford Graphics Inc. renewed its lease for 2,500 square feet at 5640 S. Meridian St. The landlord, South Meridian Park LLC, was represented by Brian Dell of Cushman & Wakefield/Summit. The tenant represented itself.
-Vanguard of Evansville Inc. leased 2,400 square feet of industrial space at 5603 W. Raymond St. The landlord, Iron Point Titan Asset Management LLC, was represented by Bryan Poynter of Cassidy Turley. The tenant represented itself.
-Optical Technologies Inc. renewed its lease for 2,224 square feet at 62 South Park Blvd., Greenwood. The tenant was represented by Pam Smith of Realty World. The landlord, South Park Group LLC, was represented by Brian Dell of Cushman & Wakefield/Summit.
-Lombardo Homes of Indiana LLC leased 2,160 square feet of retail space at Fall Creek Harbour, 10106 Brooks School Road, Fishers. The tenant and landlord, FCH Associates LLC, were represented by Cindy Hoskinson of Lee & Associates.-A Greek Restaurant leased 2,000 square feet at Avon Crossing, 7900 E. U.S. 36, Avon. The landlord, Cranfill Development Corp., was represented by Michael Cranfill of Sitehawk Retail Real Estate. The tenant represented itself.
-The Autoglass Professionals Inc. leased 1,800 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 Teresa Clements of Lee & Associates.
-Newkirk Realty PC leased 1,121 square feet at 8606 Allisonville Road. The tenant was represented by Brian Dell of Cushman & Wakefield/Summit. The landlord, Castle Creek Office LLC, was represented by Brian Fitzgerald of Citimark Management Co.
Noblesville signals support of State Road 37 overhaul
Hamilton County Commissioners wrapped up the local-government leg of their State Road 37 road show Tuesday, asking Noblesville Common Council to consider a resolution endorsing a Keystone Parkway-like overhaul intended to ease congestion.
Leases/leasing contracts
-Aim Solutions leased 25,600 square feet at 7941-7997 Allison Ave. The tenant was represented by Brian Dell of Cushman & Wakefield/Summit. The landlord, ProLogis, was represented by Jason Speckman of Cushman & Wakefield/Summit.
-Artisanz Fabrication & Machine Co. leased an additional 13,200 square feet of industrial space at 2198 Reeves Road, Plainfield. The landlord, Damon and Patricia Jones, was represented by Patrick Lindley and Grant Lindley of Cassidy Turley. The tenant represented itself.
-Exact Target leased 5,957 square feet of retail space at 433 N. Capitol Ave. The tenant was represented by Jenna Barnett of Newmark Knight Frank Halakar. The landlord, OneAmerica Financial Partners, was represented by Jacque Haynes and Don Williams of Cassidy Turley.
-Dottie Couture Shipping leased 5,311 square feet at 1729 S. U.S. 31, Greenwood. The tenant was represented by Kyle Powell of NAI Meridian. The landlord, 1729 South US 31 LLC, was represented by Brian Dell of Cushman & Wakefield/Summit.
-Sipes Asphalt Solutions leased 4,800 square feet of industrial space at 1316 N. Capitol Ave. The landlord, LLR Realty LLC, was represented by Brian Dell of Cushman & Wakefield/Summit. The tenant represented itself.
-Three Chefs Corp. dba Dickey's BBQ leased 2,358 square feet of retail space at Fortune Plaza, 9655 E. U.S. 36, Avon. The tenant was represented by Bill Marsh of Colliers International. The landlord, Fortune Plaza Enterprise B LLC, was represented by Greg Smith of Colliers International.-Creative Touch Interiors Inc. leased 2,347 square feet of industrial space at 9855 Crosspoint Blvd. The tenant was represented by Mark Writt of CBRE. The landlord, Clarion Partners, was represented by Fritz Kauffman and Bryan Poynter of Cassidy Turley.
-Dr. Bryant Ponchot leased 1,686 square feet of retail space at 8802 S. Madison Ave. The landlord, Conrad Morris & Associates LLC, was represented by Greg Smith and Nate Smith of Colliers International. The tenant represented itself.
-Hammel Insurance Agency leased 1,600 square feet of retail space at 12656 E. 116th St., Fishers. The tenant was represented by Keith Dedrick of Corporate Commercial Group. The landlord, Brooks School Plaza LLC, was represented by Greg Smith of Colliers International.
-Jimmy John’s leased 1,535 square feet of retail space at 9893 N. Michigan Road, Carmel. The landlord, CASTO, was represented by Jacque Haynes of Cassidy Turley. The tenant represented itself.
-Staff America Inc. leased 1,446 square feet of office space at 8465 Keystone Crossing. The tenant was represented by Kimberly Estes Hartman and Tom Osborne of Colliers International. The landlord, 8465 Associates LLC, was represented by Bill Montrie of Corporate Park Development Inc.-Sweeties GT LLC leased 1,320 square feet of retail space at 2101 E. 62nd St. The tenant was represented by Ron Mannon of Lee & Associates. The landlord, McKee Realty Corp., was represented by Bill French of Cassidy Turley.
-Hair Passion leased 756 square feet of retail space at 8802 S. Madison Ave. The landlord, Conrad Morris & Associates LLC, was represented by Greg Smith and Nate Smith of Colliers International. The tenant represented itself.
Construction
-Holladay Construction Group LLC. partnered with Holladay Properties to convert a 17,000-square-foot warehouse into an office/warehouse suite for Accelerated Inc. at 5777 Decatur Blvd.
-Capitol Construction has completed a 16,000-square-foot expansion for Allied Solutions at 1320 City Center Drive, Carmel.
-Capitol Construction has completed a 3,400-square-foot office build-out for Body One Physical Therapy at 10412 Allisonville Road, Fishers.
-Capitol Construction has completed a 2,500-square-foot office expansion for PR Mortgage at 11555 N. Meridian St, Carmel.