Development firm Sandor leaving midtown for Carmel
Strip-center owner and developer Sandor Development Co. is moving its headquarters to Hamilton County after almost 50 years
in Indianapolis.
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ICVA chief: Downtown Indianapolis will need another big hotel
The 1,000-room J.W. Marriott isn’t even finished and support already is emerging for a second downtown hotel that
would rival it in size.Owners, developers see silver lining in health care real estate
Health care real estate has survived the nation’s weak economy better than most sectors, and some owners and developers
think it’s positioned to thrive.First hotel in downtown Marriott complex to open doors
The Fairfield Inn & Suites on West Washington Street downtown will open Wednesday. The hotel is the first of four comprising
the 1,600-room Marriott Place project to welcome guests.Leasing/leasing contracts
-EJP Inc., a flea market, leased 29,000 square feet at 3900 S. East St. Liz Yoho of Providence Development represented the landlord, Expo Bowl Inc. The tenant represented itself.
-R. Falcone Automotive Inc. leased 19,632 square feet at 1906 W. 16th St. Mark Writt and Greg Witkowski of CB Richard Ellis represented the owner/landlord, 16th Street Properties LLC. The tenant represented itself.
-Hill-Rom Co. Inc. leased 9,000 square feet at 8531 Zionsville Road in Building 2 of the Park 100 Industrial Center. Tom Cooler and Mark Writt of CB Richard Ellis represented the tenant. The owner, ProLogis, was represented by Brett Spitzer of NAI Olympia Partners.
-USA Medical Inc. leased 6,888 square feet at Plaza at Castleton, 8470 Castle Corner Drive. Scot Courtney, Cindy Hoskinson and Bart Jackson of Grubb & Ellis Harding Dahm & Co. represented the landlord, Castleton Shopping Center LLC. The tenant was represented by Bart Jackson of Grubb & Ellis Harding Dahm & Co.
-Katzman & Katzman PC leased 5,853 square feet of office space at 3500 DePauw Blvd. Scott Levinson of Urbahn Cos. represented the tenant. The landlord, CP Pyramids Associates LP, was represented by David A. Moore, Darrin L. Boyd and Bennett Williams of Colliers Turley Martin Tucker.
-Friaco’s Mexican Restaurant leased 3,200 square feet at Fishers Corner Shoppes, 11680 Commercial Drive, Suite 1000, Fishers. Nick Wright of Midland Atlantic represented the tenant. The landlord, SENA Realty FC LLC was represented by Williams Realty Group.
-Serenity Counseling Services leased 2,070 square feet at Vista Professional Center, 432 S. Emerson Ave., Greenwood. Cathy Richards of Grubb & Ellis Harding Dahm & Co. represented the tenant and the landlord, Adelphia Properties LLC.
-Downtown Comics Inc. leased 1,040 square feet at Chapel Hill Shoppes, 7301 W. 10th St. Scot Courtney and Bart Jackson of Grubb & Ellis Harding Dahm & Co. represented the landlord, GSR LLC. The tenant represented itself.
-Landrum’s Cleaning LLC leased 2,553 square feet at 8770 Commerce Park Place. The landlord, Dhillon Commerce Park LLC, was represented by Darrin L. Boyd and David A. Moore of Colliers Turley Martin Tucker. The tenant represented itself.
-Talagy leased 3,801 square feet of office space at 3500 DePauw Blvd. Darrell Pike of Precedent Real Estate Services represented the tenant. The landlord, CP Pyramids Associates LP, was represented by David A. Moore, Darrin L. Boyd and Bennett Williams of Colliers Turley Martin Tucker.
-Verizon Access Transmission Services leased 3,427 square feet of office space at 550 Congressional Blvd., Carmel. Michael Swanson of Jones Lang LaSalle-Southwest represented the tenant. The landlord, 550 Congressional Blvd. LLC, was represented by David A. Moore, Darrin L. Boyd and Mary Beth Kohart of Colliers Turley Martin Tucker.
-Paws Ability leased 2,800 square feet at Plainfield Village on U.S. 40. The landlord, The Broadbent Co., was represented by Jeff Roberts. The tenant represented itself.-Millennium Sounds leased 2,800 square feet at Clearwater Shoppes, 82nd Street and Dean Road. The landlord, The Broadbent Co., was represented by John Beuoy. The tenant represented itself.
-The Game Preserve Inc. leased 1,600 square feet in Fashion Mall Commons, 8487 Union Chapel Road. The tenant was represented by Robyn Smart of CB Richard Ellis. The owner/landlord, Fashion Mall Commons I LP, was represented by John Beuoy of The Broadbent Co.
Store clerk killed in struggle with robber
Indianapolis Metro Police are investigating a Saturday night homicide at a Shell station on the city’s west side. Investigators
say 52-year-old Ousmane Gueye was killed while working at the gas station near Kessler Boulevard and West 16th Street. Police
say Gueye apparently was engaged in a struggle with the suspect before his death. A customer found Gueye’s body about
9:20 p.m.Around town roundup: Red Lion, Pat-A-Cakes, Firehouse
A new English-style pub and restaurant is planned for Fountain Square, a new bakery is coming to Fishers and Firehouse Subs plans to open its second Indianapolis-area location near 86th Street and Michigan Road.
Shiel Sexton plans $50M project near Methodist Hospital
The local construction company is drawing up plans for a mixed-use project with offices, a parking garage and retail space
on several parcels it owns near Capitol Avenue and 16th Street.Legislation to protect car dealers re-emerges at Statehouse
Dozens of Chrysler and General Motors dealers in Indiana were terminated last year. Now, a dealer trade group wants to
block automakers from preying on termination fears to wrest concessions from surviving dealers.The Flying Cupcake is among restaurants expanding as others contract
Bobby Joe’s Beef and Brew, a popular home-grown restaurant at Southport Road and Interstate 65,
has closed. Riviera Maya, billed as an authentic Mexican restaurant, is slated to replace Old Town Ale
House in FishersChildren’s Bureau consolidates
The Children’s Bureau Inc. has moved into offices in the Gene Glick Family Support Center.
The move represents the first time in 50 years that Children’s Bureau administrators have worked in the same building
that
houses their programs for families and children in crisis.Frozen hydrants a problem for firefighters
A fire on the east side of Indianapolis kept crews busy late into the night Tuesday. Fire engulfed three businesses in the
4800 block of East Michigan Streetâ??an insurance company, a music studio and a sporting goods store. Getting it under control
was a challenge for firefighters, who had to contend with frozen hydrants for the second time this week. A fire early Monday
that burned down the Texas Roadhouse near 16th Street and Shadeland Avenue quickly spread because firefighters spent 15 minutes
looking for a non-frozen hydrant.Flying Cupcake expands, Bobby Joe’s shuts down
The Flying Cupcake Bakery is opening a new location along Mass Ave next door to Scholar’s Inn downtown. Plus, more restaurant
news!Tony George ousted after nearly 20 years leading IMS
Faced with the need to save money, the six-member board of the IMS and IRL voted on May 26 to replace George.
AIMCO rethinks sale of four apartment complexes
A Denver-based company that just sold its largest Indianapolis apartment complex has taken its four remaining local properties
off the market.Obama reforms not necessarily dire for Sallie Mae in Indiana
The plan to nationalize the federal student loan program threatens to force Sallie Mae
to hack its network of 26 offices down to five. Yet the company’s Indiana operations have several advantages that could
help weather the cuts.Carmel buying 12 acres for new well field
The city of Carmel has agreed to buy about 12 acres adjacent to the Mansion at Oak Hill for a new well field.
Downtown life sciences corridor flagged for development
A new task force is charged with making recommendations for development of the city’s downtown certified technology
park.Leasing/leasing contracts
-Wisconsin Community Recyclor Inc. leased 7,755 square feet at Circle City Industrial Complex, 1125 Brookside Ave. Greg Witkowski of CB Richard Ellis represented the tenant. The landlord/owner, Circle City Investors LLC, was represented by Tyler Mensch and Kyle Powell of Colliers Turley Martin Tucker.
-Alcoa’s Fastening Systems Division leased 20,800 square feet at 5436-5446 W. 78th St., Park 100. Brian Seitz of Jones Lang LaSalle represented the tenant. The landlord, Duke Realty, was represented by Kate Willen of Duke.
-LaForce Inc. leased 8,277 square feet at 7750 Zionsville Road. John Hanley and Nikhil Gunale of CB Richard Ellis represented the tenant. The landlord/owner, 7750 Zionsville LLC, was represented by Kyle Powell and Michael Weishaar of Colliers Turley Martin Tucker.
-Wild Ginger Restaurant leased 3,200 square feet at Fishers Town Commons, 116th Street and Fishers Pointe Boulevard. Wayne O’Hara of Sitehawk Retail Real Estate represented the tenant. The landlord, The Broadbent Co., was represented by Brian Broadbent.
-Elite Engraving leased 1,150 square feet at Castleton Plaza, East 82nd Street and Center Run Road. The landlord, The Broadbent Co., was represented by Jeff Roberts. The tenant represented itself.
-Peter Francis Geraci leased 2,800 square feet at Castleton Point, East 82nd Street and Allisonville Road. The landlord, The Broadbent Co., was represented by John Beuoy. The tenant represented itself.-Steak City leased 1,600 square feet at Lafayette Shops, West 38th Street and Georgetown Road. The landlord, The Broadbent Co., was represented by Drew Kelly. The tenant represented itself.
-ABC Employment leased 1,890 square feet at Georgetown Plaza, West 38th Street and Georgetown Road. Andrew Schrage of Coldwell Banker Commercial Realty Services represented the tenant. The landlord, The Broadbent Co., was represented by Drew Kelly.
Pizza restaurants in works; wine shop heading to Fishers
Hot Box Pizza plans to open a downtown location in the Harness Factory Lofts building, and WineTyme, a new local shop selling
wines, craft beers and gourmet food, is coming to Fishers.