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Articles

Leases/leasing contracts

November 12, 2012

-Kittle's Home Furnishings Center Inc. leased 33,032 square feet of retail space at 7565 U.S. 31 South. The tenant was represented by Mark Perlstein of Sitehawk Retail Real Estate. The landlord, Nationwide, was represented by Bill French of Cassidy Turley.   

-Earth Fare leased 25,000 square feet at Rangeline Crossing, formally known as The Centre, 116th Street and Rangeline Road, Carmel. The tenant was represented by Danielle Harris of Hourglass Development. The landlord, KRG Centre LLC, was represented by Jeff Wright of Kite Realty Group.

-Northern Indiana Public Service Co. leased 12,439 square feet at 150 W. Market St. The tenant was represented by Matt Waggoner and Bill Ehret of Summit Realty Group. The landlord, National Education Association, was represented by Matt Langfeldt and Rich Forslund of Summit Realty Group.

-RecordsPro/Shred Monkey Document Shredding Imaging & Storage Co. leased 12,000 square feet at 6300 Brookville Road, Bldg. A. The landlord, Kostoff Properties, was represented by Joe Kostoff. The tenant represented itself.

-Peoples Bank leased 7,100 square feet at 550 Congressional Blvd., Carmel. The landlord, Trigild, was represented by Matt Langfeldt and Rich Forslund of Summit Realty Group. The tenant represented itself.
 
-Old National Bank leased a 5,600-square-foot outlot at Rangeline Crossing, formally known as The Centre, 116th Street and Rangeline Road, Carmel. The landlord, KRG Centre LLC, was represented by Mark Jenkins of Kite Realty Group. The tenant represented itself.

-Drakes restaurant leased 5,428 square feet at Clearwater Crossing, 3716-3960 E. 82nd St. The tenant was represented by Rob Warstler of Colliers International. The landlord, Broadbent Co., was represented by John Beuoy of Broadbent.

-Lawrence Baking Co. leased 4,641 square feet of retail space at Esquire Plaza, 8143 Pendleton Pike. The landlord was represented by Jeff Roberts of Sandor Development. The tenant represented itself.

-Panera Bread leased 4,019 square feet at Rangeline Crossing, formally known as The Centre, 116th Street and Rangeline Road, Carmel. The tenant was represented by Connie Niessink of Niessink Commercial Real Estate Inc. The landlord, KRG Centre LLC, was represented by Jeff Wright of Kite Realty Group.

-Golden Mon Mart leased 2,893 square feet at Castleton Place, 5836-5896 E. 82nd. St. The landlord, Broadbent Co., was represented by Jim Mosher of Broadbent. The tenant represented itself.
 
-Pink Slipper Dance Studio renewed its lease for 2,275 square feet and added an additional 1,250 square feet at Harbourtown Center, 15-17 Harbourtown Center, Noblesville. The landlord, Harbourtown Center LLC, was represented by Bill Ernst of Charter Commercial Realty Group. The tenant represented itself.

-Yogo Land Premier Yogurts leased 1,300 square feet at 98 A N. 10th St., Noblesville. The landlord, 98 N 10th LLC, was represented by Bill Ernst of Charter Commercial Realty Group. The tenant represented itself.

-Cookies by Design leased 1,291 square feet at Glendale Town Center, 6101 N. Keystone Ave. The landlord, Glendale Centre LLC, was represented by Andrew Hasbrook of Kite Realty Group. The tenant represented itself.

-Tips ‘n Toes nail salon leased 1,195 square feet at Glendale Town Center, 6101 N. Keystone Ave. The landlord, Glendale Centre LLC, was represented by Andrew Hasbrook of Kite Realty Group. The tenant represented itself.

-Himalaya Kabob Korner leased 1,500 square feet at Castleton Shoppes, 6024-6066 E. 82nd St. The landlord, Broadbent Co., was represented by Jim Mosher of Broadbent. The tenant represented itself.

-Vitty's Alterations leased 1,000 square feet at Lafayette Shoppes, 3840-3882 Lafayette Road. The landlord, Broadbent Co., was represented by Jim Mosher of Broadbent. The tenant represented itself.

Homegrown Oobatz! taking former home of Uno pizzeria

November 12, 2012

The Zionsville restaurant Oobatz! is adding a second location in the former home of Uno Chicago Grill along East 82nd Street in front of the Clearwater Crossing shopping center.

$33 million mixed-use project to remake Fishers

November 8, 2012

Fishers officials are finalizing a deal with a local developer for a mixed-use project that would launch a long-awaited transformation of the town’s suburban core.

Simon spared no expense with Manhattan residence

November 8, 2012

The $25 million purchase ranked as the 12th-largest residential sale in New York City last year, according to the real estate website Curbed NY.

Roundup: Einstein, Lush, Olive Garden, First Watch

October 31, 2012

Leading off the latest restaurant and retail roundup: A couple of national chains including Olive Garden and Ulta Beauty are expanding in central Indiana and a couple of others including Einstein Bros. Bagels and Goodwill are moving.

Diamond Foods closing Fishers plant with 100 employees

October 30, 2012

The maker of snack foods such as Pop Secret popcorn and Emerald nuts said it will close its Fishers plant, which it purchased in 2006 from Harmony Foods Corp., on Jan. 31.

Digital marketing firm starts landing big clients

October 17, 2012

Former Google manager returns to roots to launch FoundSM.

Roundup: Fat Dan’s Deli, McNamara, Teddy’s Burger

October 16, 2012

Retail and restaurant vacancies are disappearing at a rapid clip around Indianapolis. Find out which concepts are coming soon.

Records – Oct. 8, 2012

October 4, 2012

Records listings from the Oct. 8, 2012, issue of IBJ.

City asks developers to make local hires in downtown TIF

October 4, 2012

Indianapolis city-county councilors hope expanding the downtown TIF district will mean more jobs for their constituents. Developers, city contractors and other firms benefiting from the expanded economic-development zone must try to ensure that 40 percent of their work force comes from within the expanded TIF area.

Council approves new downtown TIF district

October 2, 2012

The Indianapolis City-County Council on Monday night voted 25-2 to expand the downtown tax-increment financing district to the northeast and northwest.

Company news

September 24, 2012

A Cicero-based developer has won city approval to build a $15.7 million senior health care center at 16th Street and Arlington Avenue on Indianapolis’ east side. The city’s Metropolitan Development Commission gave its blessing Sept. 19 after accepting an offer from Mainstreet Property Group LLC to purchase the property for $912,500. The city bought the nine-acre parcel from the federal government for $1 in September 2004. It had been used by Raytheon Technical Services Co. LLC. Nearly half of the project’s cost could be financed by $7.4 million in city-issued bonds. Mainstreet’s plans for the center call for 70 skilled-nursing and 30 assisted-living beds. The facility is expected to create up to 150 jobs, Mainstreet officials said. The project would be Mainstreet’s first newly constructed facility in Marion County. In 2006, it purchased out of bankruptcy the Highland Health and Living Center in Indianapolis at 2926 N. Capitol Ave. The company owns or co-owns 13 senior health care centers in Indiana, Illinois and Ohio, and has six more under development. It plans to break ground on up to 12 centers by the end of the year, including a $13.3 million facility in Westfield.

A European Union committee has endorsed the use of Eli Lilly and Co.'s erectile dysfunction drug Cialis to treat symptoms tied to an enlarged prostate, according to the Associated Press. The EU’s Committee for Medicinal Products for Human Use recommended approval of Cialis for benign prostatic hyperplasia. The condition often comes with such symptoms as the need to urinate urgently and frequently. The European Commission usually decides on the committee's opinion within a month or two, Lilly said Friday. The Commission is not required to adopt the committee recommendation, but it usually does. The U.S. Food and Drug Administration approved Cialis last fall for the treatment of symptoms of an enlarged prostate. Regulators also have approved the use in Canada, Mexico and Brazil, among other countries. Cialis brought in $1.88 billion last year. Its patents will last until 2017.

Indiana’s adult obesity rate is predicted to climb from 25 percent now to 56 percent by 2030, according to new projections released by the Trust for America’s Health and the Robert Wood Johnson Foundation. That shocking increase would move Indiana from the 38th-most-obese state now to the 26th-most-obese state. Mississippi is predicted to lead the nation in obesity in 2030, as it does now. And even Colorado, which has the least obese population—with only 21 percent obese—is predicted to have 45 percent of its adults obese in 2030. The report, titled "F as in Fat,” was released on Sept. 18. “This study shows us two futures for America’s health,” said Dr. Risa Lavizzo-Mourey CEO of the New Jersey-based Robert Wood Johnson Foundation. "At every level of government, we must pursue policies that preserve health, prevent disease and reduce health care costs. Nothing less is acceptable.”

Man fatally shot on west side

September 24, 2012

A man was shot to death near West 16th Street and North Tibbs Avenue on Sunday night in Indianapolis. Officers called to the scene in the 1900 block of North Exeter Avenue at about 7:30 p.m. found the victim in the driveway of a home, suffering from a gunshot wound to the chest. The homeowner was taken into custody for questioning.
 

City approves $15.7M senior-living center on east side

September 20, 2012

Mainstreet Property Group LLC plans to build a 100-bed facility at 16th Street and Arlington Avenue on nine acres where Raytheon Technical Services Co. LLC once operated.

Indianapolis set for sweeping zoning overhaul

September 19, 2012

Code dating to 1969 to be updated to encourage density, sustainability and mass transit.

Meeting Facilities – Indianapolis Area

September 18, 2012

A directory of meeting facilities in the Indianapolis area.

Audio-video services

September 18, 2012

A directory of audio-video services in the Indianapolis area.

Independent caterers

September 18, 2012

A directory of independent caterers in the Indianapolis area.

Council tables vote on TIF proposal after lawsuit

September 18, 2012

Facing a lawsuit from a city activist, the Indianapolis City-County Council put off voting Monday night on a long-delayed proposal to expand a downtown tax-increment financing district.

Neighborhoods back new ‘north-midtown’ TIF area

September 17, 2012

The Indianapolis City-County Council will have more than one big tax-increment finance issue to consider at a meeting Monday night. A new TIF district stretching from Fall Creek to White River along College Avenue will be introduced.

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