Masco closing local printing division; 67 to lose jobs
Masco Support Services, which operates from a 125,000-square-foot warehouse at 300 S. Carroll Road on the city’s far-east side, will begin phasing out operations on April 8.
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n/Frame investing $2 million in disaster-recovery center
Carmel-based company is building the 15,000-square-foot facility at its headquarters to consolidate operations. The new center should be ready by May.
Leases/leasing contracts
-Performance Bicycle Shop leased 11,500 square feet at Greenwood Shopping Center, U.S. 31 and County Line Road, Greenwood. The tenant was represented by Mark Perlstein of Sitehawk Retail Real Estate. The landlord, Kimco North Trust, was represented by Larry Davis and Tom English of Sitehawk Retail Real Estate.
-Health Systems International renewed its lease for 7,979 square feet at Castle Creek VI. The tenant was represented by Mark McDermott of CB Richard Ellis. The landlord, Friedman Real Estate Group as receiver, was represented by Matt Langfeldt and Rich Forslund of Summit Realty Group.
-CVS Pharmacy leased 6,787 square feet at 175 N. Illinois St.. The tenant was represented by Ron Foster of Echelon Realty Advisors. The landlord, MT Acquisitions LLC, was represented by Dave Moore, Darrin Boyd and Allison Tiefel of Cassidy Turley.
-C-2 Supply leased 6,000 square feet of space at Circle City Industrial Complex, 1125 Brookside Ave. The landlord, National Bank of Indianapolis, was represented by Conrad Jacobs and Ralph Balber of Newmark Knight Frank Halakar. The tenant represented itself.
-St. Vincent Hospital Physician Network renewed its lease for 5,702 square feet at 11530 Allisonville Road. The tenant was represented by Bruce Gordon of Duke Realty. The landlord, Bendrew Development LLC, was represented by Matt Langfeldt and Rich Forslund of Summit Realty Group.
-J. Allan Hall & Associates leased 5,250 square feet of office space at Circle Tower, 55 Monument Circle. The landlord, FT Circle Tower LLC, was represented by Bennett Williams and Pete Anderson of Cassidy Turley. The tenant represented self.
-ETI leased 3,963 square feet of office space at 8500 Keystone Crossing. The tenant was represented by Brooke Augustin and Drew Augustin of Alliance Commercial Real Estate. The landlord, PWA Keystone Crossing, LP, was represented by Andrew Martin, Bennett Williams and Michael Semler of Cassidy Turley.
-The Travel Agent Inc. leased 3,439 square feet at Lakeside Corporate Center, 630 West Carmel Drive, Carmel. The tenant was represented by Thomas M. Osborne and Matt Moore of Colliers International. The landlord, ATAPCO Carmel Inc., was represented by John Vandenbark of CB Richard Ellis.
-Indiana Farm Bureau Insurance leased 3,200 square feet at Avon Commons, 10427 E. U.S. Highway 36, Avon. The tenant was represented by Larry Harshman of Harshman Property Services LLC. The landlord, Aviana Co. 3 LLC, was represented by Larry Davis and Tom English of Sitehawk Retail Real Estate.
-Meridian Radiology leased 3,123 square feet at Meridian Professional Building, 3266 N. Meridian St. The tenant was represented by Mike Cole and Steve Wolkoff of Dury Investment Group. The landlord, PBB III LLC, was represented by Brad King and Ron Bell of Colliers International.
-Aqua Indiana leased 2,720 square feet at Castle Creek V. The tenant was represented by Matt Waggoner of Summit Realty Group. The landlord, Friedman Real Estate Group as receiver, was represented by Matt Langfeldt and Rich Forslund of Summit Realty Group.
-Indiana Bond Bank leased 2,445 square feet at 10 W. Market St. The tenant was represented by John Crisp of Cassidy Turley. The landlord, MT Acquisitions LLC, was represented by Dave Moore, Darrin Boyd and Andy Martin of Cassidy Turley.
Lou Harry’s A&E template
While it hasn't yet earned the national attention of the recently opened, Frank Gehry-designed New World Symphony campus and concert hall in Florida, Carmel's Palladium has garnered some national attention. Among those chiming in: Bloomberg led its report with the fact that Center for the Performing Arts Artistic Director Michael Feinstein was moving Fred Astaire's […]
LOU’S VIEWS: Palladium premieres
I’m not ready to use the word “perfect” but, in my lifetime, I honestly don’t expect to hear chamber music in a better-sounding venue than I did Jan. 30.
2011 Forty Under 40: John Merriweather
John Merriweather went from the Army at 18—he earned a Commendation Medal in Desert Storm—to a small company in Carmel where he learned all facets of the business, from warehousing to quality control to sales. Now 38, he runs his own firm.
2011 Forty Under 40: Aaron D. Johnson
Aaron Johnson’s handiwork is all over one of the biggest local deals of 2010—Citizen Energy Group’s nearly $2 billion acquisition of Indianapolis’ water and wastewater systems. The 39-year-old served as lead negotiator and architect of the purchase.
2011 Forty Under 40: Cynthia Bowen
Since launching the Planning and Urban Design Group at RW Armstrong in 2007, 38-year-old Cynthia Bowen and her team have gone from projects designing local subdivisions to planning an entire city in Libya.
For-profit colleges make costly loans, report says
Companies including ITT Educational Services Inc., DeVry Inc and Career Education Corp. are making loans with “high costs” and “predatory terms,” the group said.
Marcadia may fetch up to $537 million in sale
The December sale of Carmel-based Marcadia Biotech to Roche garnered at least $287 million—and as much as $537 million—for the company’s owners and could lead the Marcadia management team to launch a firm using one of Marcadia’s experimental diabetes medicines.
State braces for second wave of ice, snow
Indiana residents are facing an icy trek to work as the second wave of a winter storm that brought freezing rain, snow and sleet overnight approaches the state.
Candy Dynamics expands Nuclear Sludge recall
Carmel-based Candy Dynamics has expanded a voluntary recall of its Toxic Waste brand Nuclear Sludge products because they may contain too much lead.
Review: Chamber music at the Palladium
The first concert in the Palladium’s concert season fulfills expectations.
English-language bill advancing despite questions
An Indiana proposal to require that state documents be issued only in English is raising philosophical and practical questions from lawmakers trying to navigate the tricky territory of immigration politics.
Westfield sports complex scores deal with youth baseball group
City officials hope landing the Lids Indiana Bulls as a tenant at the planned Grand Park Sports Campus will help drive thousands of visitors to the 300-acre site—and nearby businesses.
King Systems’ two top execs exit company
An executive at the Noblesville firm’s parent company said the departures of CEO Don Dumoulin and Chief Financial Officer Yun Kim were the result of a “mutual agreement.” A search is under way for replacements to lead one of the area’s largest medical device manufacturers.
Mini Thin marketer slapped with suit
A Carmel man whose Mini Thin dietary supplement was sold through convenience stores nationwide before the government banned its active ingredient now faces allegations of bankruptcy fraud.
DINING: Delicious deli ideal for pre- or post-show nosh
In 2002, the 86th Street staple relocated to Carmel. Now, that move could pay off as Shapiro’s becomes the unofficial cafeteria for the new Center for the Performing Arts.
TRAVEL: Perfectly Franks–Namesake meeting in Big Apple
In 2002, I received an e-mail from a gentleman in New York City named Frank Basile who said he attended Indiana University in the mid-1980s and was often asked if he was my son.