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.
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.
Private equity firms Carlyle Group and Onex Group fared well on their purchase of Indianapolis-based Allison Transmission, with the $763 million each put into the 2007 deal more than tripling in value.
-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.
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.
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.
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.
The Indianapolis-based manufacturer had sales of $553 million in the quarter ended Sept. 30, a 19-percent increase over the same period of 2013. Profit rose to $68.8 million, up from $44.5 million.
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.
A recent study concluded that Indiana is the eighth-worst state for women. Using their metrics for what makes a state good for my gender, the study was accurate. We have plenty of work to do to make Indiana better for women, but I believe there are more metrics for success and those were summarily ignored by this study.
Indianapolis-based Allison Transmission Holdings Inc. designs and manufactures commercial and military fully automatic transmissions and hybrid-propulsion systems for transit buses.
EnerDel is regrouping under a strategy of targeting niche markets—a plan that has convinced Indianapolis and Hancock County officials to back off threats to yank economic development incentives.
When Terry Lee Hyundai opens in Noblesville next spring, it will become the 10th new-car dealership operating on a six-mile stretch of State Road 37 in Hamilton County—and development isn’t done.
EnerDel Inc. is regrouping under a strategy of targeting niche markets, as Indianapolis and Hancock County officials press executives about the firm’s future and former pledges of local investment and job creation that failed to pan out.
Ryan Vaughn says one of the not-for-profit’s first considerations under his tenure, when going after or creating any sporting event, will be opportunities for area businesses beyond the usual benefits to hotels and restaurants.
