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Leases/leasing contracts
-Hustler Turf leased 38,688 square feeet at Franklin Road Distribution Center, 221 S. Franklin Road. The tenant was represented by JD Graves of CBRE. The landlord, DCT Industrial Trust Inc., was represented by Jeremy Woods and Andrea Hopper of Summit Realty Group.
-Ernst & Young renewed its lease for 35,661 square feet in Chase Tower. The tenant was represented by Denice Michel and Michael Corr of Jones Lang LaSalle. The landlord, CW Monument Circle Inc., was represented by Adam Broderick and John Robinson of Jones Lang LaSalle.
-The Room Place leased 14,998 square feet at Greyhound Plaza, 14610-14790 N. U.S. 31, Westfield. The tenant was represented by Bill Mass of Mass Realty. The landlord, The Broadbent Co., was represented by Joe Kenney of Broadbent.
-Northwestern Mutual leased 6,464 square feet of office space at 965 Emerson Parkway, Greenwood. The tenant was represented by John Crisp and Spud Dick of Cassidy Turley. The landlord, Allen Commercial Group, represented itself.
-Hoover Custom Homes leased 6,000 square feet of industrial space at 7723 Loma Court, Fishers. The tenant was represented by Cameron Kucic of Summit Realty Group. The landlord, Provost Contracting Co., was represented by Bryan Poynter of Cassidy Turley.
-180 Skills LLC leased 4,003 square feet of office space at 6640 Intech Boulevard. The tenant was represented by Jon Owens of Cassidy Turley. The landlord, Lauth Property Group, was represented by Jack Hogan of Jones Lang LaSalle.-River Valley Resources Inc. leased 3,300 square feet at 1375 W. 16th St. The landlord, Pine Street Properties LLC., was represented by Cam Kucic, Jason Speckman, and Rich Forslund of Summit Realty Group. The tenant represented itself.
-First Watch Restaurant leased 3,036 square feet at Willow Lake West, 2902 W. 86th St. The tenant was represented by Allison Hawley and Don Williams of Cassidy Turley. The landlord, USRP Willow West LLC, was represented by Keith Fried of Sitehawk Retail Real Estate.
-Mastec North America leased 2,347 square feet of industrial space at 9855 Crosspoint Blvd. The tenant was represented by Andrew Follman of NAI Meridian Real Estate Services. The landlord, Clarion Partners, was represented by Bryan Poynter and Fritz Kauffman of Cassidy Turley.
-IRC Music Inc. leased 1,400 square feet of office space at 8120 8160 W. Castleway Court. The landlord, NorthStar Realty Finance Corp., was represented by Dave Moore and Darrin Boyd of Cassidy Turley. The tenant represented itself.
-Bay Restaurants LLC , doing business as Yats, leased 1,404 square feet of space at Hamilton Town Center, Noblesville. The tenant was represented by Gary Perel of Newmark Knight Frank Halakar. The landlord, Simon Property Group, was represented by Simon's Lorene Wright.
-Mary Kay leased 1,000 square feet at Washington Shoppes, 10021 E. Washington St. The landlord, The Broadbent Co., was represented by Josh Broadbent. The tenant represented itself.Trio’s tenures with Colts predate infamous move from Baltimore
The only three employees still with the Colts since the team’s move to Indianapolis 30 years ago could not have envisioned what the franchise—and the community where it resides—would become in the last three decades.
Prostitution arrest made at Fishers spa
A woman was arrested Tuesday on a charge of prostitution following an undercover sting at a Fishers spa. Rui Qing Xie, 56, was taken into custody at the Relax Spa, 7245 Fishers Landing Drive, near 116th Street and Allisonville Road. Police said they had received several complaints about possible prostitution activity at the spa before the bust.
Roundup: Zaxby’s heads north, sushi in Carmel, pizza in Fishers
Chicken chain Zaxby’s spring sponsorship deals with the sports programs at IU and Purdue now make more sense: Central Indiana is slated to get its first location later this year. Plus more retail news.
‘Turbo’ off to slower-than-expected start at box office
The Indianapolis-based IndyCar Series and open-wheel racing enthusiasts were hoping the movie would create a buzz about the sport, but interest has fallen short of expectations so far.
City close to launch of 2018 Super Bowl bid
Allison Melangton, CEO of the city’s 2012 Super Bowl Host Committee and leader of the 2018 Super Bowl Bid Committee, is promising to come up with another attention-grabber to deliver the bid early next May—if the city proceeds with a bid as expected.
Marian’s med school quest was leap of faith
Marian University, a small Catholic college started by Franciscan nuns, next month will launch just the second medical school in Indiana. Marian President Dan Elsener is credited with pulling off the audacious move with a mix of big dreaming, careful planning, deft networking and “don’t take no for an answer” fundraising.
Indianapolis luxury car drivers get from point A to point B in style
The working class has Fords and Chevys and Dodges. Many a tooth and velvet Elvis painting has been lost in disputes over which brand is best.
Retail roundup: Noblesville sports bar, sushi, doughnuts, pretzels, Burritos & Beer
The former owners of Broad Ripple’s Red Room nightclub are opening a Noblesville sports bar. Nemo’s leads a retail roundup that also includes five new eateries in Fishers.
Police hunt for armed robbery suspects
A manhunt was underway Tuesday morning for two armed men in their early 20s who may have robbed a pair of north-side gas stations. The men are suspected of robbing the Village Pantry at East 96th Street and Lantern Road in Fishers about 3:40 a.m., then holding up the Speedway gas station at East 62nd Street and Allisonville Road less than an hour later. Indianapolis police began following the suspects before they crashed their red Pontiac into the garage of a vacant house near 42nd Street and Forest Manor Avenue. The suspects fled on foot.
Company news
The federal government is set to decide this month whether the federal Medicare program should pay for a $3,000 test that for the first time accurately identifies the signature brain plaques of Alzheimer’s disease, according to Bloomberg News. The test, approved last year by U.S. regulators, uses Eli Lilly and Co.’s Amyvid imaging agent to trace the brain protein amyloid. Alzheimer’s disease affects 5 million Americans, a number that patient advocates say could double by 2050. But the test is controversial because there are no available treatments that even slow the progression of Alzheimer’s disease. A final decision from the federal Centers for Medicare & Medicaid Services will come July 9. While a negative decision would limit use of the tests, approval would probably lead to coverage from private health insurers, too.
Nyhart Actuary & Employee Benefits plans to expand its Indianapolis headquarters and create as many as 25 jobs here by 2017. The firm will invest $840,000 to lease and equip an additional 8,000 square feet of office space, according to Nyhart CEO Thomas Toten. Nyhart currently is negotiating an expansion of the 20,000 square feet it leases at 8415 Allison Pointe Blvd. in the Castleton area. Nyhart currently has 68 full-time employees in Indianapolis and about another 30 across five other states. The firm already has started hiring additional actuaries, administrators and benefit consultants from college programs for its Indianapolis expansion. Founded in 1943, Nyhart provides consulting services to more than 1,000 public and private companies in 48 states on issues such as pensions, retirement benefits, compensation and other employee benefits. Nyhart has been in growth mode lately. In August, Nyhart acquired San Diego-based The Epler Co., a regional actuarial, employee benefits and compensation strategies firm.
Lilly Endowment Inc. will give $10 million to help start the Indiana Biosciences Institute. The institute is already due to receive $25 million in startup funds from the state. The institute aims to attract 100 new scientists to Indiana to conduct research and development work aimed at launching new therapies for metabolic diseases. The effort has been spearheaded by BioCrossroads, an Indianapolis-based life sciences organization, and has received significant support from Gov. Mike Pence and John Lechleiter, the CEO of Eli Lilly and Co. The institute needs to raise $15 million over the next year or so to fully fund its startup efforts. Beyond that, the institute hopes to raise an endowment of $310 million to help fund its operations. It also hopes its researchers attract steady grants from life sciences research companies, such as Indianapolis-based Lilly and Bloomington-based Cook Group Inc.
Eli Lilly and Co. won a United Kingdom patent lawsuit against a Johnson & Johnson unit over a potential treatment for Alzheimer’s disease, according to Bloomberg News. A patent held by J&J’s Janssen Alzheimer Immunotherapy Research & Development unit isn’t valid, Judge Richard Arnold said in a ruling in London on June 25. Both companies are developing treatments targeting the buildup of plaque in patients’ brains that’s linked to the condition. Companies developing the first treatments for Alzheimer’s are competing for what might be a $20 billion market, according to a report last year by Deutsche Bank AG analysts.
The head of the state Family and Social Services Administration said the federal government is expected to approve an extension of the Healthy Indiana Plan, but a request to use the plan for an Indiana Medicaid expansion could take much longer. According to the Associated Press, FSSA Secretary Debra Minott said Gov. Mike Pence directed her and others to ensure those already enrolled in HIP are secure before negotiating an expansion through the program. Roughly 40,000 low-income residents are enrolled in the program, which operates under a federal waiver. But the waiver is set to expire at the end of the year, potentially leaving enrollees without coverage. Pence resubmitted an application with the Centers for Medicare and Medicaid Services in April seeking to use the state's hybrid health savings account plan as the vehicle for Medicaid expansion. CMS rejected an earlier request from former Gov. Mitch Daniels, citing concerns about the premium paid by members and a need for improved coverage. The expansion would cover residents earning up to 138 percent of the federal poverty level, using new funds authorized by Obamacare.
Benefits firm to continue growth spurt, add 25 jobs
Nyhart Actuary & Employee Benefits plans to invest $840,000 to lease and equip an expansion of its Indianapolis headquarters, and already has started hiring.
MCL enlists star power for TV commercials
Last month, Los Angeles-based film producer/director Steve Zukerman filmed commercials inside an MCL Restaurant and Bakery at Allisonville Road and 86th Street and in the Carmel Arts & Design District.
Salin saves cash with video tellers
In what might be the strangest twist in banking technology in years, Indianapolis-based Salin Bank is the first financial institution in the state to install sophisticated, interactive video tellers.
Businesses burglarized in Castleton
Indianapolis police are investigating multiple business burglaries that took place Monday morning in an office building at the northwest corner of East 86th Street and Allisonville Road. Intruders broke into at least 11 business suites and stole computers and other equipment.
Leases/leasing contracts
-National Government Services leased 45,021 square feet of office space across two locations, 6335-45 Castleway Court and 8034 Castleway Court. The tenant was represented by Allen Trowbridge of Cresa. The landlord, NorthStar Realty Finance Corp., was represented by Dave Moore and Darrin Boyd of Cassidy Turley.
-Valley Tire Co. leased 21,116 square feet of industrial space at 4401 Stout Field, South Drive. The tenant was represented by Sean McHale of Colliers International. The landlord, Stout Field LLC, in care of The Crawford Troup, represented itself.
-Frank & Kraft leased 6,019 square feet of office space at 135 N. Pennsylvania St. The tenant was represented by Steve Beals and Rich King of Lee & Associates. The landlord, True North Management Group, was represented by Jon Owens and Russell Van Til of Cassidy Turley.
-Leaders Moving leased 5,200 square feet of industrial space at 9900 Westpoint Drive. The tenant was represented by Dustin Looper of Colliers International. The landlord, LIT Industrial LP, was represented by Bryan Poynter and Fritz Kaufman of Cassidy Turley.
-7E Fit Spa of Zionsville Inc. leased 3,507 square feet at 4545 Northwestern Drive, Zionsville. The tenant was represented by Scott Baldwin of Baldwin Cos. The landlord, Leah and Ruben LLC, was represented by Ashley Bussell of Newmark Knight Frank Halakar.
-Marian Financial Partners Inc. leased 3,250 square feet of office space in Oldefield Commons, 698 Oldefield Commons Drive, Greenwood. The tenant was represented by Cathy Richards of Lee & Associates. The landlord, B&W Holdings LLC, was represented by Keith Turnbill of ReMax Select.
-Transitions Dental leased 3,154 square feet at Lebanon Crossing, 1375 S. Lebanon St., Lebanon. The landlord, Lebanon 39 LLC, was represented by Keith Fried of Sitehawk Retail Real Estate. The tenant represented itself.
-Monumental Life Insurance Co. leased 2,390 square feet of office space at 3500 Depauw Blvd. The tenant was represented by Allen Schwender of SA Commercial. The landlord, Sterling American Property Inc., was represented by Dave Moore, Darrin Boyd and Bennett Williams of Cassidy Turley.
-MyNetWire LLC leased 2,288 square feet at Crosspoint Corner 8, 9757 Westpoint Drive. The tenant was represented by Scott Baldwin of Baldwin Cos. The landlord, Shamrock Builders, was represented by Darrin Boyd of Cassidy Turley.
-Traffic Signal Co. leased 2,122 square feet of space at 7202 E. 87th St. The tenant was represented by Patrick Lindley of Cassidy Turley. The landlord, Westminster Funds, was represented by Todd Vannatta of Cassidy Turley.
-7E Fit Spa of Fishers-Noblesville leased 2,000 square feet at 16095 Prosperity Drive, Noblesville. The tenant and landlord, Yeager Properties Inc., were represented by Scott Baldwin of Baldwin Cos.
-All Sports Couture leased 2,000 square feet of industrial space at 9760 Mayflower Park Drive, Carmel. The tenant was represented by Jeff Merritt of Colliers International. The landlord, GlennCo Realty, was represented by Dustin Looper of Colliers International.
-Jimmy John’s Gourmet Sandwiches leased 1,800 square feet of retail space in Georgetown Shoppes, 5620 Georgetown Road. The tenant was represented by Drew Warner of Eclipse Real Estate. The landlord, LOR Corp., was represented by Brett Burch and Jeff Daniel of Valenti Real Estate Services Inc.
-Imburgia Orthodontics LLC leased 1,600 square feet of office space in Stafford Crossing Shopping Center, 2230 Stafford Road, Suite 157, Plainfield. The tenant was represented by Bill Scott of DTZ, a UGL company. The landlord, LOR Corp., was represented by Brett Burch of Valenti Real Estate Services Inc.
-Holland & Holland LLC leased 1,225 square feet of office space at Lake Pointe IV, 8520 Allison Pointe Blvd. The tenant was represented by Kevin Dick and Paul Dick of Colliers International. The landlord, Sun Life Assurance Co. of Canada, was represented by Stephen Adams and Riley Faulk of Hokanson Cos. Inc.
-Obsession Nail Salon leased 1,200 square feet of retail space in Shoppes of Brownsburg, 56th Street and Northfield Drive, Brownsburg. The landlord, Shoppes of Brownsburg, was represented by Brett Burch of Valenti Real Estate Services Inc. The tenant represented itself.
-Anthony Paganelli leased 1,043 square feet of office space at 10401 N. Meridian St. The landlord, Cassidy Turley acting as court-appointed receiver, was represented by Darrin Boyd and Dave Moore of Cassidy Turley. The tenant represented itself.MORRIS: WGU Indiana steps up to provide higher ed for Hoosiers
The online university offers an affordable opportunity for post-secondary education as opportunities decline for those who never went beyond high school.
Most of Indiana’s largest public companies enjoyed strong 2012
Angie’s List turned a profit for the first time in nearly two decades.
City’s first spec office building in 5 years opening doors
Sourwine Real Estate Services expects to have its $12 million, 80,700-square-foot project finished later this month in one of the city’s hottest north-side development areas.