New owner IU set to unveil plans for shuttered Wishard Hospital campus
The university wants to expand its health services program by using some existing Wishard space and tearing down other buildings and replacing them with modern facilities,
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Man charged with battery, confinement
Police have arrested a 47-year-old man on charges of battery, criminal deviate conduct and criminal confinement after a woman allegedly escaped on Monday morning from a home in the 5800 block of East 16th Street. The woman told police that she had been held against her will, sexually assaulted and shocked with a stun gun. Police found Keith Pease—already wanted on an open warrant for failing to register as a sex offender—hiding in a basement crawlspace around 7:45 a.m.
Pittsburgh grocer jumping into Indy market
A major supermarket chain is hoping to expand into the Indianapolis market, starting with an anchor position in a mixed-use project under construction in Carmel.
Roundup: Blow-dry bar, burger bar, Hot Mama
A new salon concept is blowing into Carmel next week. Dubbed do-tique, the dedicated blow-dry bar will offer shampoos and styling. Plus: A pop-up shop adds to its Twelve Days, and The Pint Room’s plans.
Leases/leasing contracts
-StreetLinks LLC leased 25,171 square feet at 451 E. Market St. The tenant was represented by Yumi Goodman and Sam Smith of Colliers International and Jeff Mulder of Holly Duran Real Estate Partners. The landlord, MS Operations Center Partners LLC, was represented by Mark Vollbrecht of Zeller Realty Group.
-Accelerated Inc. leased 16,824 square feet of industrial space in AmeriPlex at 5777 Decatur Blvd. The tenant was represented by Stan Elser of Lee & Associates. The landlord, McCarran Logistics Partners LP, was represented by Matt Dickerson of Jones Lang LaSalle.
-L.D. Lee Construction LLC leased 6,300 square feet of industrial space at 2205 National Ave. The tenant and landlord, Donald Kosten, were represented by Mike Medlock of Lee & Associates.
-CID Capital II Inc. leased 4,000 square feet of office space at 201 W. 103rd St., Carmel. The tenant was represented by Michael R. Semler of Cassidy Turley. The landlord, Virtu Meridian Associates LLC, was represented by Adam Broderick of Jones Lang LaSalle.
-Lewis & Wilkins LLP leased 3,867 square feet at 410 S. College Ave., Suite 100. The tenant was represented by Bryan Augustin of Alliance Commercial Group. The landlord, Von Deylen Family LLC, was represented by Sandra Jarvis of Indy Squared Commercial Properties.
-AM Facility Services Inc. leased 3,632 square feet at 6886 Hillsdale Court. The tenant, AM Facility Services Inc., was represented by Cam Kucic of Summit Realty Group. The landlord, Hillsdale Property Owner LLC, was represented by Brian Buschuk of Jones Lange LaSalle.
-Children’s Bureau Inc. leased 3,546 square feet at 1503 N. Mitthoeffer Road, Suite 100. The tenant was represented by Brooke Sipe of Alliance Commercial Group. The landlord, Mitthoeffer Associates, was represented by Brad King of RE/MAX Commercial.
-ST Logic leased 3,040 square feet at 9449 Priority Point Way, West Drive, Suite 110. The tenant was represented by Bryan Augustin of Alliance Commercial Group. The landlord, PP Indianapolis IV Project Corp., was represented by Tim Hull and Rick Trimpe of CRBE.
-Associated Reporting leased 2,435 square feet of office space at 251 E. Ohio St. The tenant was represented by Spud Dick and John Crisp of Cassidy Turley. The landlord, Hertz Investment Group LLC, was represented by Crystal Houston of CBRE.
-Cajun & Creole leased 2,366 square feet at North Willow Mall, 2274 W. 86th St. The tenant was represented by Hamada Ibrahim of RP Lux Co. The landlord, Township 86 Development Co., was represented by Keith Fried of Sitehawk Retail Real Estate.
-T-Mobile leased 2,298 square feet at Speedway Plaza, 6137 Crawfordsville Road. The landlord, Plaza at Speedway LLC, was represented by Scott Gray and Michael Cranfill of Sitehawk Retail Real Estate. The tenant represented itself.
-Michele’s Boutique renewed its lease for 2,000 square feet of retail space at 540 630 W. Northfield Drive, Brownsburg. The landlord, ATC Realty One LLC, was represented by Jacque Haynes of Cassidy Turley. The tenant represented itself.
-Cochran Agencies LLC leased 1,903 square feet of office space at 1980 E. 116th St., Carmel. The landlord, Clarkland Properties, was represented by Darrin Boyd and Dave Moore of Cassidy Turley. The tenant represented itself.
-Tubes Inc. leased 1,018 square feet of office space at 6535 E. 82nd St. The landlord, NorthStar Realty Finance Corp., was represented by Dave Moore and Darrin Boyd of Cassidy Turley. The tenant represented itself.-Peace & Harmony Hair Salon leased 810 square feet at Meridian Meadows, 3029 Meridian Meadows, Greenwood. The Landlord, TCP Greenwood LLC, was represented by Keith Fried of Sitehawk Retail Real Estate. The tenant represented itself.
Roundup: Coffee shop expanding downtown, new restaurant in Fletcher Place
Hubbard & Cravens plans to open in two downtown locations, restaurant Ember Urban Eatery takes space in the Villaggio, and a family entertainment center expands to Greenwood.
Meridian corridor office complex sells for close to $43 million
The buyer, Equus Capital Partners, has made a habit of purchasing large-scale, Class A office properties on the north side of the city.
No city subsidy needed for Indians’ profitability
Despite an ever-changing sports landscape, the Indianapolis Indians have been in the black every single year dating back to 1975. This year, the Tribe saw near record attendance and scored another seven-figure profit.
DINING: Shoefly lands on near North side
First in a month-long series of new-in-2013 restaurants that we somehow missed in previous months.
Meridian Plaza’s new owner plans updates
Zeller Realty Group plans to invest $4 million to update a trio of high-profile but underused office buildings along Carmel’s North Meridian Street corridor after acquiring the properties in late November. “The previous owner just ran out of money,” said Mark Vollbrecht, a senior vice president who manages Indianapolis operations for the Chicago-based real estate […]
Carmel complex’s new owner plans major upgrade
Zeller Realty Group has acquired the 300,000-square-foot Meridian Plaza right on Carmel’s front door step, and is gearing up for a $4 million revamp.
Gershman co-founder goes solo
A heavy hitter among commercial real estate developers has left the firm he helped found more than 20 years ago, to start his own company, and has taken most of its employees with him.
Home builders race to meet demand
Slow but steady growth in central Indiana’s new-home market has chipped away at the supply of available lots, leaving developers and builders scrambling to keep up with demand.
Councilor: $100M deal hanging on Fishers tax hike
A private company is weighing a $100 million investment in Fishers, Town Council member Scott Faultless said Monday, but the project depends on adopting a 1-percent food-and-beverage tax that’s still the subject of heated debate.
CityWay project takes top Monumental Award honor
The Indy Chamber presents the awards that honor significant achievements in architecture and design. Buckingham Cos.’ CityWay also won in the Public Art category.
Future murky for Carmel’s 2-story development rule
City leaders are embroiled in a debate over the future of Range Line Road, through the heart of Carmel’s redeveloped downtown. Special density zoning rules are intended to create a consistent look and keep residents from bearing the brunt of the city’s significant infrastructure investment. The question is whether it’s working.
Suspect nabbed after break-in
A 24-year-old Noblesville man was arrested Wednesday morning after he broke into an occupied Fishers apartment in an effort to elude police. Justin Morefield was found hiding in a bedroom closet about 2 a.m. after a couple called police to tell them somebody had broken into their Sand Creek Woods apartment, near 116th Street and Cumberland Road. Police had been seeking Morefield since about 9 p.m. Tuesday, after he fled from an attempted traffic stop near 126th Street and Hoosier Road, likely because he has multiple outstanding warrants. The suspect was bitten by a police dog when he was taken into custody.
Development starts long before dirt starts moving
The growth of Carmel’s Meridian Street office corridor wasn’t a happy accident. It was city planning. Last month’s Hamilton County Leadership Academy session provided an up-close look at planning and development in the fast-growing suburbs.
Leases/leasing contracts
-National Distribution Centers renewed its lease for 382,612 square feet in Lebanon Business Park Building 14, 500-520 S. Enterprise Blvd., Lebanon. The tenant was represented by Mark Writt of CBRE. The landlord, Duke Realty, was represented by Duke's Jay Archer.
-Breg Inc. leased 112,500 square feet in Plainfield Building 1, 1551 S. Perry Road, Plainfield. The tenant was represented by Keith Sant of Sant Commercial. The landlord, Duke Realty, was represented by Duke's Jay Archer.
-Guggenheim Life & Annuity Co. leased 9,687 square feet at Meridian Corporate Plaza One, 401 Pennsylvania Parkway. The tenant was represented by Kevin Gillihan of Jones Lang LaSalle. The landlord, Indland American Office Management LLC, was represented by John Robinson and Adam Broderick of Jones Lang LaSalle.
-YourEncore leased 9,185 square feet at the Circle Building, 111 Monument Circle. The landlord, CW Monument Circle Inc., was represented by John Robinson and Adam Broderick of Jones Lang LaSalle. The tenant represented itself.
-Integrity Staffing Solutions Inc. renewed its lease for 5,504 square feet of office space at 6000 Corporate Way Drive, Building B. The tenant was represented by Kevin Dick and Paul Dick of Colliers International. The landlord, Caleast Industrial Investors LLC, was represented by Russ Van Til and Bryan Poynter of Cassidy Turley.-VCA Animal Hospitals Inc. leased 5,000 square feet of retail space at Emerson Shoppes, 4920 S Emerson Ave. The tenant was represented by Paul Dick and Kevin Dick of Colliers International. The landlord, KLC Realty LLC, was represented by Greg Smith of Colliers International.
-Visiting Physicians Assistants leased 3,495 square feet of space at Parkstone Office Center, 9001 N. Wesleyan Road. The tenant was represented by Jeffrey Silverman of U.S. Medical Management. The landlord, Parkstone Indianapolis LP, was represented by Ashley Bussell and Derek Menerey of Newmark Knight Frank Halakar.
-Destination Maternity leased 3,147 square feet at Racquet Square, 4025 E. 82nd St. The landlord, Racquet Square Center LLC, was represented by Larry Davis, Tom English and John Baker of Sitehawk Retail Real Estate. The tenant represented itself.
-Piada Italian Street Food leased land for a 3,000-square-foot restaurant at The Shops at River Crossing, 8601 River Crossing Blvd. The tenant was represented by Steve Delaney of Sitehawk Retail Real Estate. The landlord, PK Partners, represented itself.
-The Mentor Network leased 2,940 square feet of space at Parkstone Office Center, 9001 N. Wesleyan Road. The tenant was represented by Kim Vo of Mohr Partners. The landlord, Parkstone Indianapolis LP, was represented by Ashley Bussell and Derek Menerey of Newmark Knight Frank Halakar.
-GMB AE LLC, leased 2,500 square feet of office space at 310 N. Alabama Street. The tenant was represented by Kevin Dick and Paul Dick of Colliers International. The landlord, Massala Properties LLC, was represented by Ashley Bussell and Ralph Balber of Newmark Knight Frank Halakar.
-DMN Corp., dba Azuma Leasing, leased 2,168 square feet of industrial space at 4937 E. 23rd St. The landlord, Marion Property Trust c/o Presidential Bank, was represented by David Ciechanowicz of Colliers International. The tenant represented itself.
-Rowe Conveyor LLC leased 1,895 square feet of industrial space at 1729 S. U.S. 31, Suite F. The landlord, Petro Brothers LLC, was represented by Brian Dell of Summit Realty Group. The tenant represented itself.
-Pure Barre leased 1,807 square feet at Geist Pavilion, 11501 Geist Pavilion Drive, Suite 111, Fishers. The tenant was represented by Greg Smith of Colliers International. The landlord, 116th & Olio LLC, was represented by Andrew Hasbrook of Kite Realty Group.
-Blue Plumbing & Mechanical Inc. leased 1,500 square feet of industrial space at 4924 E. 23rd St. The landlord, Marion Property Trust c/o Presidential Bank, was represented by David Ciechanowicz of Colliers International. The tenant represented itself.
-Barnes & Thornburg LLP leased 1,357 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.
-Indian Restaurant leased 1,200 square feet at Main Street Crossing, 130 N. Perry Road, Plainfield. The landlord, Tabani Main Street LLC, was represented by Keith Fried of Sitehawk Retail Real Estate. The tenant represented itself.
Fishers looking to fund development with tax hike
Suburban neighbors already impose 1-percent levy on food and beverage sales.