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Articles
Stadium size, hotel space to be issue in Indy’s bid to host 2018 Super Bowl
League sources say a stadium with capacity below 75,000 will have difficulty landing a future Super Bowl. Even after expansion, Lucas Oil Stadium is 3,000 to 5,000 short.
City plans bid on 2018 Super Bowl
Officials are emboldened by the financial results of the city’s first time hosting the NFL championship game in February, which produced a direct economic impact of $176 million, according to a study commissioned by the Indianapolis Super Bowl Host Committee.
City, state planning another Super Bowl bid, sources say
Officials for the city and the state are expected to announce plans to bid on another Super Bowl for Indianapolis, multiple media outlets reported Tuesday, citing anonymous sources.
Dealmaking, construction picking up on Speedway’s Main Street
The six-block stretch just outside the front door of the historic Indianapolis Motor Speedway was desolate when the town of Speedway formed a redevelopment commission in June 2005.
EDITORIAL: Road construction carries high costs
Hamilton County motorists may be forgiven the occasional bout of road rage this summer.
Regional investing conference heavy on Indiana banks
Event organizers say Wall Street isn’t the only place to drum up interest in stocks.
‘Michigan left’ promises learning curve, less congestion
Drivers wanting to turn left at an intersection under reconstruction in Fishers will first have to turn right.
Sales/acquisitions
-Panda Express bought 1.09 acres at Campus Parkway and Bergen Boulevard in the Saxony Development in Noblesville. The price wasn’t disclosed. The buyer was represented by Steve Delaney of Sitehawk Retail Real Estate. The seller, Interstate Holdings LLC, was represented by Keith Fried of Sitehawk Retail Real Estate.
-Jack in the Box bought one acre at 5615-5619 W. 38th St. The price wasn’t disclosed. The buyer was represented by Connie Niessink of Niessink Commercial Real Estate Inc. The seller, Phillips Edison & Co., was represented by Allison Tiefel of Cassidy Turley.
-82 Flats LLC bought 5.22 acres at 4102 Claire Drive. The price wasn’t disclosed. The buyer and seller, Calinda Properties LLC, were represented by David Simons of Velocity Commercial Real Estate.
New track-and-field chief aims to end sport’s strife
New USA Track and Field CEO Max Siegel is promising to pull athletes, their agents, sponsors, event promoters and the sport’s television partners together to lift track and field’s tainted image and revenue—especially domestically.
HETRICK: Maybe it’s time to think like ‘Mad Men’ and sell everything
The Rs and the Ds could fight over ad space in voter registration.
Correction
Cesar’s Group Fitness Studio leased 8,400 square feet of retail space in 96th Street Station Shopping Center, 9546 Allisonville Road, Suite 117. The tenant was represented by Tracey Holtzman of Midland Atlantic. The landlord, LOR Corp., was represented by Jacque Haynes of Cassidy Turley. The square footage was incorrect in last week’s Real Estate Weekly.
Roundup: Half Price Books, GFS, Mr. Dan’s, Granite City
Several retailers and restaurants are making moves in Indianapolis. For the latest, make sure to follow @PropertyLines on Twitter.
“Star Spangled Symphony”
July 2-4
Conner Prairie
I won’t bother telling you again that the 1812 Overture historically has nothing to do with Independence Day. Instead, I’ll just warn you again to plan for construction issues along Allisonville Road and to get to Conner Prairie in plenty of time to select a spot, set up your picnic, and enjoy the annual holiday concert by the Indianapolis Symphony Orchestra, led by Alfred Savia. Baritone (and IU grad) Daniel Narducci, who recently sang the Captain Hook role for a new recording of Leonard Bernstein’s “Peter Pan,” is guest vocalist.
Not feeling patriotic this week? Then cross the musical pond (while still at Conner Prairie) June 29-30 for The Music of Queen. Details on both concerts here.
Leases/leasing contracts
-The Restaurant Store leased 25,317 square feet of retail space at Lafayette Place, 3708 Commercial Drive. The landlord was represented by Drew Kelly of Sandor Development. The tenant represented itself.
-Liberty Mutual leased 23,507 square feet at Meridian Mark I, 11611 N. Meridian St., Carmel. The tenant was represented by Mark Stables of Grubb and Ellis. The landlord, Zeller Realty Group, was represented by Zeller’s Mark Vollbrecht and Tristan Glover.
-Flowers Baking Co. of Morristown LLC leased 11,218 square feet of industrial space at 3131 N. Franklin Road. The tenant was represented by Todd Vannatta and Bart Book of Cassidy Turley. The landlord, International Metals Processing LLC, represented itself.
-Security Equipment Supply leased 8,144 square feet of industrial space at 7998 Centerpoint Drive. The tenant was represented by Todd Vannatta of Cassidy Turley. The landlord, Clarion Partners, was represented by Fritz Kauffman and Bryan Poynter of Cassidy Turley.
-Crossroads Lighting LLC leased 6,000 square feet of industrial space at 2525 N. Shadeland Ave. The landlord, Cassidy Turley, acting as court-appointed receiver, was represented by Michael Weishaar and Todd Vannatta of Cassidy Turley. The tenant represented itself.
-United Package Liquors leased 4,200 square feet of retail space in Stafford Crossing Shopping Center, 2230 Stafford Road, Suite 121, Plainfield. The tenant was represented by Adam Hill of United Package Liquors. The landlord, LOR Corp., represented itself.-IU Health leased 3,200 square feet of office space in Stafford Crossing Shopping Center, 2230 Stafford Road, Plainfield. The tenant was represented by Rebecca A. Harpe of Harpe & Co. LLC. The landlord, LOR Corp., was represented by Brett Burch of Valenti Real Estate Services.
-Metrology Support Systems LLC leased 1,747 square feet of industrial space at 9855 Crosspoint Blvd. The landlord, Clarion Partners, was represented by Fritz Kauffman and Bryan Poynter of Cassidy Turley. The tenant represented itself.
-Dr. Joseph Hadley DDS leased 1,600 square feet of office space in Geist Crossing North Shopping Center, 9850 E. 79th St. The tenant was represented by Bill Scott of UGL Equis. The landlord, LOR Corp., represented itself.
-Mr. Dan’s restaurant leased 1,500 square feet of retail space in Washington @ Post Shoppes, 8975 E Washington St., Suite 102. The landlord, LOR Corp., was represented by Brett Burch of Valenti Real Estate Services. The tenant represented itself.
-Cesar’s Group Fitness Studio leased 1,500 square feet of retail space in 96th Street Station Shopping Center, 9546 Allisonville Road, Suite 117. The tenant was represented by Tracey Holtzman of Midland Atlantic. The landlord, LOR Corp., was represented by Jacque Haynes of Cassidy Turley.
-Chiropractor David Bax renewed his lease for 1,389 square feet of office space in Eagle Highland Office Park, 3945 Eagle Creek Parkway. The tenant was represented by Steve Beals and Richard King III of Lee & Associates. The landlord, Healthcare Trust of America Inc., was represented by Jim Mount of Hokanson Cos. Inc.
“Heroes and Victors—Music from Sports’ Greatest Films”
June 22-23
Conner Prairie Amphitheatre
With music from “Chariots of Fire,” The Natural” and, of course, “Hoosiers,” this is likely to be the summer concert that Indianapolis Symphony Orchestra fans use to lure in their most classically resistant friends and family. Just remember to plan ahead for the construction on Allisonville Road if you are heading north. And bring a football to toss while you wait for the show to start. Details here.
Whitsett’s Lockerbie project will be market rate
Whitsett was counting on selling state-issued affordable housing tax credits to finance the $27 million project, but it wasn’t among the projects awarded credits.
Local logistics provider FitzMark plans to add 30 jobs
Indianapolis-based FitzMark Inc. said it will fill the customer service and purchasing positions by the end of the year. The company was founded in 2007 and has grown to $25 million in annual revenue.
Largest Indiana public companies mostly fared well in 2011
Performance varied widely as industries ebbed, flowed.
