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Articles
St. Francis Hospital project targets Greenwood’s growth
The $20 million facility would attempt to capture some of the 32-percent growth in population Greenwood experienced from 2000 to 2009.
Fountain Square turning to first-of-kind tax to fund improvements
A Fountain Square group led by neighborhood business owners hopes to create an “economic improvement district” for the up-and-coming neighborhood, where additional tax revenue could be used for everything from litter cleanup and marketing to capital improvements.
Simon Property offers to settle dispute over widow’s stake
Simon Property Group Inc. has offered to settle a lawsuit with Bren Simon by cashing out 6.5 million partnership units her late husband Melvin held in the giant shopping mall developer.
Exports fueling Indiana business growth
Firms are taking matters into their own hands to open trade relationships overseas, developing export policies they hope will benefit themselves and their communities.
St. Francis covets Greenwood’s growth
It doesn’t take a genius to figure out why St. Francis Hospital & Health Centers is going to build a new ER and medical office complex near Greenwood: The area has been growing over the past decade 10 times faster than the city of Indianapolis.
CNO Financial looking to refinance bank loans
The Carmel-based life and health insurer says it has started discussions with a group of lenders about refinancing $652.1 million in debt.
Leasing/leasing contracts
-The Indiana Department of Revenue renewed its lease for 50,200 square feet of industrial space at 5252 Decatur Blvd. The landlord, ProLogis, was represented by Luke Wessel of Cassidy Turley. The tenant represented itself.
-Davis Wholesale Supply Co. renewed its lease for 25,600 square feet of industrial space at 5845 W. 82nd St. in Park 100. The tenant was represented by Patrick Lindley of Cassidy Turley. The landlord, ProLogis, was represented by Andrea Hopper of ProLogis.
-D’Amore, a division of Thomas Caterers of Distinction, subleased 15,231 square feet on the 48th floor of Chase Tower, 1 E. Ohio St. The tenant was represented by Debbie Shumate of Alliance Commercial Real Estate. The landlord, JP Morgan Chase, was represented by Nick Arterburn of CB Richard Ellis.
-Sigma-Tau Pharmasource Inc. leased 13,750 square feet at 6815 Guion Road. The tenant and landlord, TCA 6815, were represented by J.D. Graves of CB Richard Ellis.
-The Indiana Private Industry Council leased 12,335 square feet at Parkstone III, 9002 Purdue Road. The tenant was represented by Tim O’Brien and David Ponader of Colliers International. The landlord, Parkstone Office Center LLC, was represented by Nick Svarczkopf and Dan Richardson of CB Richard Ellis.
-Product Development Corp. subleased 12,000 square feet at 5201 Park Emerson Drive, Suite N. The subtenant and sublandord, Wheel Pros LLC, were represented by J.D. Graves of CB Richard Ellis.-EMP Technology LLC leased 8,120 square feet at 15309 Stony Creek Way, Noblesville. The tenant was represented by Fritz Kauffman of Cassidy Turley. The landlord, Gulf Shores LLC, was represented by Chris Black of CB Richard Ellis.
-ZHU LAN sushi and prime rib buffet leased a freestanding 7,062-square-foot building at Merchants Point, 2293 E. 116th St., Carmel. The tenant was represented by Jun Liu of Carpenter Real Estate. The landlord, Darden Restaurants, was represented by Steve Delaney and Keith Fried of Sitehawk Retail Real Estate.
-Happy Hour Foot Spa leased 1,665 square feet at Willow Lake Shopping Center, 2658 Lake Circle Drive. The landlord, USRP Willow East LLC, was represented by Keith Fried of Sitehawk Retail Real Estate. The tenant represented itself.
-Jet’s Pizza leased 1,651 square feet at Willow Lake Shopping Center, 2658 Lake Circle Drive. The tenant was represented by Kurt Meyer of Baseline Commercial Real Estate. The landlord, USRP Willow East LLC, was represented by Keith Fried of Sitehawk Retail Real Estate.
-Rice Cooker leased 1,640 square feet at Willow Lake Shopping Center, 2658 Lake Circle Drive. The landlord, USRP Willow East LLC, was represented by Keith Fried of Sitehawk Retail Real Estate. The tenant represented itself.
Construction
-Kort Builders has completed a 25,000-square-foot space for the Indiana Baseball Academy at 9760 Mayflower Park Drive, Carmel.
-Kort Builders has completed a 1,300-square-foot restaurant space for The Bakery at Geist at 8150 Oaklandon Road.
-Shamrock Builders-Commercial has started construction of a 3,000-square-foot office build-out for Morical's Castle Mortgage Corp. at 11501 Cumberland Drive, Fishers.
Palladium draws staff from Indy arts organizations, venues
Indianapolis Symphony, Clowes Hall are among those that have experienced defections.
Indiana medical students opt for specialties, not family practice
Interest in primary care has fallen off markedly due partly to relatively low pay.
Leases/leasing contracts
-Henry Schein leased 243,200 square feet of industrial space at 5645 W. 82nd St. in Park 100. The tenant was represented by Patrick Lindley of Cassidy Turley. The landlord, ProLogis, was represented by Luke Wessel of Cassidy Turley.
-nFrame leased 52,824 square feet at 701 Congressional Blvd., Carmel. The tenant was represented by Sam Smith and Yumi Prater of Colliers International. The landlord, Technology Center Associates LP, was represented by Mike Napariu of REI Real Estate Services.
-Culture Lighting Co. Inc. renewed its lease for 7,200 square feet at 5329 W. 86th St. The landlord, Forester Properties, was represented by Kyle Powell and Bryan Poynter of Cassidy Turley. The tenant represented itself.
-McAlister’s Deli leased 6,400 square feet at Allyne Park, 1011 N. State Road 135, Greenwood. The tenant was represented by Bill Talbott of The Talbott Group. The landlord, Allyne Park Dynasty, was represented by Liz Yoho of Providence Development.
-MCPC Indianapolis LLC leased 5,711 square feet in the Carmel Technology Center, Building 2, 12336 Hancock St., Carmel. The tenant was represented by Brian Buschuk of Jones Lang LaSalle. The landlord, ATAPCO Carmel Inc., was represented by John Vandenbark and Dan Richardson of CB Richard Ellis.
-Indianapolis Osteopathic Hospital Inc. leased 4,244 square feet at 3750 Guion Road. The tenant was represented by Brian Meeks and Jon Owens of Cassidy Turley. The landlord, Hoosier Motor Mutual Insurance, was represented by Nick Svarczkopf and John Vandenbark of CB Richard Ellis.
-MS Consultants leased 3,627 square feet at 8900 Keystone Crossing. The tenant was represented by Nick Svarczkopf and Dan Richardson of CB Richard Ellis. The landlord, Keystone Investors LLC, was represented by Abby Cooper and John Robinson of Jones Lang LaSalle.
-Freight Masters leased 3,192 square feet at 2629 Waterfront Parkway, East Drive. The landlord, New Boston Jacaranda LP, was represented by Gus Sevastianos and Brian Fitzgerald of Citimark Management Co. Inc. The tenant represented itself.
-Safe Sitters leased 2,281 square feet at 8604 Allisonville Road. The tenant was represented by MaryBeth Kohart of Cassidy Turley. The landlord, Castle Creek Office LLC., was represented by Gus Sevastianos and Brian Fitzgerald of Citimark Management Co. Inc.
-Utili-Comm South Inc. renewed its lease for 1,550 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 Cathy Richards of Lee & Associates.
-Meridian Group leased 976 square feet at 8604 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.
Hamilton County foundation president leaving
Legacy Fund President Brad Little is stepping down to take a similar job in Iowa. In three years, the foundation serving Hamilton County has grown from $25 million to $40 million in assets.
Man gets 40-year sentence for lawmaker attack
A man found guilty but mentally ill for an attack on Indiana state Rep. Ed. DeLaney was sentenced to 40 years in prison Thursday.
Turkey Hill chain targets Indianapolis
A convenience-store chain called Turkey Hill Minit Markets is expanding into central Indiana. The chain opened its first Indianapolis store in October and plans to add at least five more by the end of 2011.
Running store chain changes name, opens new shop
The Running Co., now BlueMile, expands into Louisville, looks to add more stores in and outside Indiana