Avon gives senior-living facility tax abatement
Leo Brown LLC’s 20-acre, $36 million senior-living community is expected to create 132 jobs with an average salary of $37,000
when it is completed in 2011.
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Articles
Ballard bets big on $16 million software project
Concluding a year-long evaluation and public bidding process, mayor chooses Oracle’s PeopleSoft to replace local government’s
1970s-era financial IT system and New York-based Zanett Inc. to lead the implementation.IT consulting firm plans to create 230 jobs
Miller Consulting Group will move its headquarters from Indianapolis to Noblesville and add the jobs by the end of 2013,
the company said Wednesday morning.Notes: Palladium lineup and more
News from the Center for the Performing Arts…and some of its soon-to-be resident companies.
eTapestry co-founder headed for Baltimore
Longtime local IT entrepreneur Jay Love accepts job as CEO of software-maker Social Solutions, a loss for the Indianapolis
high-tech and not-for-profit communities.IRS rules might solve not-for-profit mystery
New filing requirement promises real numbers, but compliance is weak.
MORRIS: An introduction and invitation from the publisher
I am grateful and humbled for the opportunity to serve as the sixth publisher in IBJ’s
history, succeeding Chris Katterjohn, who was publisher the past 20 years.Leasing/leasing contracts
-Furniture Biz leased 15,700 square feet at Cherry Tree Plaza, 9701 E. Washington St. The tenant and landlord, Winkal Holdings, were represented by John Schick of The Broadbent Co.
-Tuesday Morning leased 15,108 square feet at Merchants Square, 2160 East 116th Street, Carmel. The tenant was represented by Wayne O’Hara of Sitehawk Retail Real Estate. The landlord, Merchants 450 LLC, was represented by Jacque Haynes and Del Demao of Cassidy Turley.
-Goodin Abernathy & Miller LLP leased 7,965 square feet at 8900 Keystone Crossing. The tenant was represented by John Corey of Levi Investment Realty Inc. The landlord, Philadelphia-based BPG Properties Ltd., was represented by John R. Robinson and Abby L. Cooper of Jones Lang LaSalle.
-Progressive Casualty Insurance Co. leased 6,480 square feet at 4642 Northwestern Drive, Zionsville. The landlord, SMB LLC, was represented by Brett Spitzer and Jason Speckman of NAI Olympia Partners. The tenant represented itself.
-Intecare Inc renewed and expanded its 3,959-square-foot lease 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.
-Nelnet Inc. subleased 3,800 square feet at 10500 Kincaid Drive, Fishers. The tenant was represented by Brooke Augustin and Bryan Augustin of NAI Olympia Partners. The lessor, Samex Capital Partners LLC and Samex Capital Advisors LLC, represented themselves.
-Philo Urban Metals Technology Corp. leased 3,600 square feet at 5709 W. 85th St. in Park 100. The tenant was represented by Raymond Modglin of The Modglin Group. The landlord, ProLogis, was represented by Brett Spitzer and Jason Speckman of NAI Olympia Partners.
-Long’s Mattress World leased 3,000 square feet at Castleton Point, 82nd Street and Allisonville Road. The tenant was represented by Chris Carmen of Centre Properties. The landlord, The Broadbent Co., was represented by Broadbent’s John Beuoy.
-Global Partners Ltd. leased 2,475 square feet at 8200 Haverstick Road. The landlord, Shepard & Poorman Investments LLP, was represented by Gus Sevastianos and Brian Fitzgerald of Citimark Management Co. Inc. The tenant represented itself.
-Intec & Company Inc. renewed its 1,874-square-foot lease at 2611 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.
-Rapid Logistics leased 1,232 square feet at 2611 Waterfront Parkway, East Drive. The tenant was represented by Tom Frank of Summit Realty Group. The landlord, New Boston Jacaranda LP, was represented by Gus Sevastianos and Brian Fitzgerald of Citimark Management Co. Inc.Anti-development property owner gives homestead to local land trust
A 16-acre wood nestled against the White River and surrounded by the Keystone at the Crossing shopping center will become
a public nature preserve.Private companies struggle to raise funds once reaching critical mass
Several Indiana companies are in a position, or soon will be, to launch an initial public offering. But don’t expect a wave
of new Indiana public companies. In the recession, with both revenue and profits down, companies may choose to wait until
they have better numbers to report.In-car spy device could drive sales
Carmel-based CarCheckup LLC has created a cell-phone-size device that plugs into a car’s “OBD II” diagnostic port to track
a plethora of data, such as speed ranges, graphs of RPM, and numbers on how hard the car accelerated and braked. The company
is marketing the device to parents of teen drivers, among others.Performance Services guarantees City-County Building energy savings
The firm was a pioneer in the energy savings niche more than a decade before green became cool or was perceived to be a viable
market.Seven years of work expected for central Indiana highway
Work is to start next year on upgrading the highway through Carmel and Westfield to interstate standards in phases through
2017.Downtown merchants sponsor new farmer’s market
Goldman Jewelry, J.P. Parker Flowers and Shapiro’s Deli plan a Tuesday evening farmer’s market on the south side of downtown
Indianapolis beginning June 1.Leasing/leasing contracts
-Indiana Department of Environmental Management leased 53,055 square feet at Western Select, Building 41, 2525 N. Shadeland Ave. The tenant was represented by R.J. Rudolph and Tim O’Brien of Colliers International. The landlord, Western Select Properties, was represented by Rich Forslund and Matt Langfeldt of NAI Olympia Partners.
-Tressa Orman/Roberto Molina leased 12,602 square feet at 4280 Sellers St., Lawrence. The tenants, who will operate an accounting firm and a granite-https://admin.ibj.com/admin/article/workflow/claim?articleId=20140#and-marble fabrication business at the address, were represented by Jeff Baumgartner of Coldwell Banker Commercial Realty Services. Baumgartner also represented the landlord, Investment Strategies of Indianapolis LLC.
-Kiddie Academy Domestic Franchise leased 10,000 square feet at Geist Landing, 11703 Olio Road, Fishers. The landlord, Geist Landing of Fishers LLC, and tenant were represented by Jon Hardy and Jim Shook of Coldwell Banker Commercial Realty Services.
-RNT Family LP renewed and expanded its 3,300-square-foot lease 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.
-Physicians Mutual Insurance leased 3,126 square feet at 8606 Allisonville Road. The tenant was represented by Lynn Lannquist of NAI Olympia Partners. The landlord, Castle Creek LLC., was represented by Gus Sevastianos and Brian Fitzgerald of Citimark Management Co. Inc.-Security Benefit Corp. leased 2,665 square feet of office space at M&I Plaza, 135 N. Pennsylvania St. The tenant was represented by Andrew Martin and Bennett Williams of Cassidy Turley. The landlord, North Penn Associates, was represented by Jon Owens and Russell Van Til of Cassidy Turley.
-Standard Mutual Insurance leased 2,508 square feet at 8604 Allisonville Road. The tenant was represented by Steve Beals of Grubb & Ellis Harding Dahm & Co. The landlord, Castle Creek Office LLC., was represented by Gus Sevastianos and Brian Fitzgerald of Citimark Management Co. Inc.
-SentryTrust Title Co. Inc. leased 2,406 square feet of office space at 6535 E. 82nd St. The tenant was represented by Darrin L. Boyd of Cassidy Turley. The landlord, BREOF Castleton Park REO LLC, was represented by David A. Moore of Cassidy Turley.
-The Paul Fangman Foundation leased 2,109 square feet in Northeast Office Center, 5660 Caito Drive. The tenant was represented by Conrad Jacobs of Halakar Real Estate. The landlord, Patriots Place LLC, was represented by James Mount of Hokanson Cos.
-Barnes Equipment Corp./B&H Industrial LLC leased 1,802 square feet of office space at 8770 Commerce Park Place. The landlord, Dhillon Commerce Park LLC, was represented by Darrin L. Boyd and David A. Moore of Cassidy Turley. The tenant represented itself.
-Certified Car Care Inc. leased 1,802 square feet of office space at 8770 Commerce Park Place. The landlord, Dhillon Commerce Park LLC, was represented by Darrin L. Boyd and David A. Moore of Cassidy Turley. The tenant represented itself.
-American General Financial Services Inc. leased 1,618 square feet at Stony Creek Marketplace, Noblesville. The tenant was represented by Eric Hillenbrand of Sitehawk Retail Real Estate. The landlord, Inland Western, was represented by Larry Davis and Tom English of Sitehawk.
-Engineered Air leased 1,200 square feet at Carmel Office Court, 301 E. Carmel Drive, Carmel. The tenant was represented by Marty Obst of Venture Realty. The landlord, RN Carmel Court Acquisitions, was represented by Kevin Dick of Colliers International.
-Tangent Resource leased 1,000 square feet at Carmel Office Court, 301 E. Carmel Drive, Carmel. The landlord, RN Carmel Court Acquisitions, was represented by Kevin Dick of Colliers International. The tenant represented itself.
Sales/acquisitions
-PFM Automotive bought an 18,844-square-foot building at 1441 S. Guilford Ave., Carmel. The price wasn’t disclosed. The buyer was represented by Kevin Dick and Paul Dick of Colliers International. The seller, Duke Energy Indiana Inc., was represented by Steve Daum and Matt Langfeldt of NAI Olympia Partners.
-CKJ Property LLC bought a 2,297-square-foot office building at 6838 S. East St. The price wasn’t disclosed. The buyer was represented by Cathy Richards of Grubb & Ellis Harding Dahm & Co. The seller, Bauer Ventures LLC, was represented by Casey Raker of Re/Max Select.
Lawrence Village inks J.C. Hart deal, seeks retail developer
The Fort Harrison Reuse Authority has approved the sale of a 6.6-acre site to Carmel-based J.C. Hart Co. for development of a 217-unit apartment community.
An extended retail roundup
Restaurants and retailers are making moves in Indianapolis, Avon, Carmel and Shelbyville.