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Articles

Flex-office operator adds 58 suites in Mass Ave area

June 24, 2014

Regus Group plc, which has other locations in the Indianapolis area, has taken more than 10,000 square feet downtown to open its latest flex-office center, where business owners can rent space by the day, week or month.

PHILANTHROPY

May 30, 2014

King Park Development Corp., a community development corporation on the near-north side, has hired Steven A. Meyer as executive director. Meyer, who has been assistant administrator of brownfield redevelopment for the city since 2011, joins King Park effective June 16. He replaces longtime leader Janine Betsey, who left in October. Meyer is a 2009 graduate […]

Roundup: Boutique hotel, Sangrita, Tom+Chee and fast-fire Coalition Pizza

May 7, 2014

A nine-room hotel along the Monon Trail in Broad Ripple has opened, while another downtown-area stalwart has closed.

Trailer parks lure ex-traders eyeing double-wide returns

April 10, 2014

Former hedge-fund executives who left Wall Street are finding new ways to milk profits from old trailer parks, including one in Indianapolis.

Leases/leasing contracts

March 11, 2014

-Three Star Surplus leased 22,585 square feet of industrial space at 3919 Clarks Creek Road, Plainfield. The landlord, Boo-Rob LLC, was represented by Michael Weishaar of Cassidy Turley. The tenant represented itself.

-Williams LTC Pharmacy LLC leased 8,068 square feet of office space at 11900 Exit Five Parkway, Fishers. The tenant was represented by Mike Semler of Cassidy Turley. The landlord, Sunbeam Development Corp., represented itself.

-Alerding Castor LLP leased 7,084 square feet of office space at 47 S. Pennsylvania St. The tenant was represented by John Crisp and Spud Dick of Cassidy Turley. The landlord, Pillar Majestic LLC, represented itself.

-Pint Room leased 5,162 square feet in Sophia Square Shoppes at 110 Main St., Carmel. The tenant was represented by Robyn Smart of ECHO Retail. The landlord, Carmel Lofts LLC, an affiliate of Keystone Realty Group, was represented by Bart Jackson and Scot Courtney of Lee & Associates.  

-Midwest Plastic Systems leased 5,063 square feet at 9900 Westpoint Drive. The tenant was represented by Cam Kucic of Summit Realty Group. The landlord, Clarion Partners, was represented by Fritz Kauffman of Cassidy Turley.

-Wings Etc. leased 4,900 square feet at Plainfield Plaza, 1818 E Main Street, Plainfield. The tenant was represented by Dean Almas of Sitehawk Retail Real Estate. The landlord, Vivian Haase Plaza LLC, was represented by Michael Cranfill of Sitehawk Retail Real Estate.

-All Star Liquors leased 4,000 square feet of retail space in Lynhurst Shops, 2910 S. Lynhurst Ave. The tenant and landlord, Haven Building Materials, were represented by Herb Feldmann and Cindy Hoskinson of Lee & Associates.

-Soil and Materials Engineers Inc. leased 4,500 square feet of office-warehouse space at 5755-5857 W. 74th St. The tenant was represented by Darrin Boyd and Dave Moore of Cassidy Turley. The landlord, Dugan Financing LLC C/O Duke Realty Corp., was represented by Kate Willen Ems of Duke.

-BP Canada Energy Marketing Corp. renewed its lease for 3,566 square feet of office space in Meridian Parke, 373 Meridian Parke Lane, Greenwood. The tenant was represented by Jimmy Clark of JLL. The landlord, AAAG LLC, was represented by Cathy Richards of Lee & Associates.
 
-Huntington Bank leased 2,478 square feet in Sophia Square Shoppes at 110 Main St., Carmel.  The tenant and landlord, Carmel Lofts LLC, an affiliate of Keystone Realty Group, were represented by Bart Jackson and Scot Courtney of Lee & Associates.

-do-tique leased 1,854 square feet in Sophia Square Shoppes at 110 Main St., Carmel. The tenant was represented by Jason Challand of Echelon Realty Advisors. The landlord, Carmel Lofts LLC, an affiliate of Keystone Realty Group, was represented by Bart Jackson and Scot Courtney of Lee & Associates.

-Radio Shack leased 1,800 square feet of retail space in The Shoppes at Smith Valley, 791 State Road 135, Greenwood. The tenant was represented by Bill French of Cassidy Turley. The landlord, 791 SR 135LLC, was represented by Scot Courtney and Bart Jackson of Lee & Associates.

-Orange Leaf Frozen Yogurt leased 1,765 square feet at The Bridges, 116th and Springmill Road, Carmel. The tenant was represented by Tracey Holtzman of Midland Atlantic Properties. The landlord, The Bridges I LLC, was represented by Ron Foster of T.M. Crowley and Associates.

-Caplin Sniderman LLC leased 1,500 square feet of space at 9245 N. Meridian St. The tenant was represented by Alex Sanders of Newmark Knight Frank Halakar. The landlord, Echo Associates, was represented by Ashley Bussel and Ralph Balber of Newmark Knight Frank Halakar.

-Exercise Coach leased 1,452 square feet in Sophia Square Shoppes at 110 Main St., Carmel. The tenant was represented by Gary Perel of Newmark Knight Frank Halakar.  The landlord, Carmel Lofts LLC, an affiliate of Keystone Realty Group, was represented by Bart Jackson and Scot Courtney of Lee & Associates.

-Sir Vapes-A-Lot leased 1,250 square feet at Yates Center, 1995 E Stop 13 Road. The landlord, Yates Real Estate LLC, was represented by Keith Fried of Sitehawk Retail Real Estate. The tenant represented itself.

-Breathe Yoga leased 1,200 square feet of retail space in Winthrop Commons, 5345 N. Winthrop Ave. The landlord, Crum Realty, was represented by Ron Mannon and Scott Herider of Lee & Associates. The tenant represented itself.

-Fena Tailoring leased 960 square feet at Meridian Meadows, 3021 Meridian Meadows Road, Greenwood.  The landlord, Meridian Meadows LLC, was represented by Keith Fried of Sitehawk Retail Real Estate. The tenant represented itself.

Soup shop opens on Circle, Hearthstone closes in Fishers

January 22, 2014

Soupremacy on East Market Street is the brainchild of the franchisee of the local Potbelly restaurant located just around the corner. Plus, new locations for Bub’s Burgers, Sunrise Cafe, Tuscanos Brazilian Grill, and more.

Leases/leasing contracts

January 3, 2014

-Newegg leased 412,808 square feet at WorldConnect@Ameriplex, Building 1, 6161 Decatur Blvd. The tenant was represented by Mark Writt and Scott Belfer of CBRE. The landlord, Industrial Developments International, was represented by Andrew Morris, Jeremy Woods and Andrea Hopper of Summit Realty Group and Doug Armbruster and Jeremy Kraus of IDI.

-Eagle Adjusting Services Inc. leased 12,588 square feet of industrial space at 14701 Cumberland Road, Noblesville. The tenant was represented by John Crisp of Cassidy Turley. The landlord, Taylored Systems, represented itself.

-R.S. Hughes leased 8,940 square feet of industrial space at 5058-5148 W. 79th St. The tenant was represented by Ken Boyd of Jackson & Cooksey. The landlord, Iron Point Titan Asset Management LLC, was represented by Bryan Poynter of Cassidy Turley.

-National Programming Service LLC leased 8,577 square feet at 7320 E. 86th St. The tenant was represented by Yumi Goodman of Colliers International. The landlord, East 86th Street Partners LLC, represented itself.

-Trophy Technologies LLC leased 8,568 square feet of industrial space at 8857 Bash St. The landlord, Westminster Funds, was represented by Todd Vannatta of Cassidy Turley. The tenant represented itself.

-Anixter Inc. leased 6,000 square feet of industrial space at 6911-7061 Corporate Circle. The tenant was represented by Jeffrey Harris of NAI Meridian Real Estate Services. The landlord, GI Partners, was represented by Russ Van Til and Bryan Poynter of Cassidy Turley.

-Scotlynn USA Division Inc. leased 4,813 square feet of office space at 8335 Keystone Crossing. The tenant was represented by Spero Pulos of Lee & Associates. The landlord, Sourwine Real Estate Services, was represented by Andrew Martin and Bennett Williams of Cassidy Turley.

-Rio Grande Fresh Mexican Grill leased 4,800 square feet of retail space at Hague Road Center, 20805 Hague Road, Noblesville. The landlord, Harshman & Hays Three LLC, was represented by Larry W. Harshman of Harshman Property Services LLC. The tenant represented itself.

-In Site Art Consulting Group Inc. leased 3,163 square feet of office space at 6330 E. 75th St. The tenant was represented by Matt Jackson of Jackson Investment Group. The landlord, Henderson Global Investors North America Inc., was represented by Bennett Williams and Todd Vannatta of Cassidy Turley.

-Skywave Technology Partners leased 3,000 square feet at 4000 Georgetown Road Shopping Center. The tenant was represented by Sharon Thompson of KW Commercial and Keller Williams Indy Metro North. The landlord, Stanford Property Management LLC, represented itself.

-Znachko Associates Inc. leased 2,500 square feet of office space at 5875 Castle Creek Parkway. The tenant was represented Mike Napariu of REI Real Estate Services. The landlord, LSREF2 OREO, was represented by Matt Langfeldt of Summitt Realty Group.

-Elite Management Services LLC leased 2,446 square feet in the Stock Yards Bank Building, 136 E. Market St. The landlord, Crown Stock Yards LLC, was represented by Larry W. Harshman of Harshman Property Services LLC. The tenant represented itself.

-Gilday & Associates PC leased 2,223 square feet at One Indiana Square. The tenant was represented by Yumi Goodman of Colliers International. The landlord, One Indiana Square Associates LLC, was represented by Ralph Balber of Newmark Knight Frank Halakar.

-Arch Eyebrows leased 1,200 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.

-Health Spot leased 1,141 square feet at 9778 E. 116th St., Fishers. The tenant was represented by Kyle Hughes of Veritas Realty LLC. The landlord, Sunbeam Development Corp., was represented by Mark Perlstein of Sitehawk Retail Real Estate.

-OPYS Physician Services LLC leased 875 square feet in the Barrister Building, 155 E. Market St. The landlord, Crown Barrister LLC, was represented by Larry W. Harshman of Harshman Property Services LLC. The tenant represented itself.

Developer plans $80M project in Carmel

January 2, 2014

Apartment specialist Edward Rose Properties Inc. is proposing an $80 million mixed-use project on mostly undeveloped land in Carmel’s Old Meridian District.

Leases/leasing contracts

December 12, 2013

-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.

Leases/leasing contracts

November 7, 2013

-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.

Boomers face downsizing dilemma in Indianapolis

September 25, 2013

Changing tastes, economic uncertainty could crimp sale prices for boomers wanting to move into smaller quarters.

Work set to begin on Carmel segment of new U.S. 31

September 19, 2013

A $141 million contract includes interchange improvements at Interstate 465 and new roundabout interchanges at 106th, 116th, 131st and 136th streets.

Drugstore slated for redeveloped Star property

September 9, 2013

A drugstore, likely a CVS or Walgreens, is expected to anchor the ground-level retail space that will be part of the planned mixed-use redevelopment of the downtown Indianapolis Star headquarters property.

Indy joins national protest over fast-food wages

August 29, 2013

Fast-food workers in 50 U.S. cities, including Indianapolis, plan to walk off the job Thursday in an attempt to ratchet up pressure on McDonald’s Corp., Wendy’s Co. and others to raise wages.

Records – Aug. 19, 2013

August 15, 2013

Records listings from the Aug. 19, 2013, issue of IBJ.

U.S. 31 upgrade might begin in fall, INDOT says

August 8, 2013

INDOT said Wednesday it has awarded a $141 million contract for upgrades between 96th and 136th streets in Carmel to a joint venture between E&B Paving Inc. of Anderson and Gradex Inc. of Indianapolis.

Leases/leasing contracts

July 29, 2013

-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.

Retail roundup: Noblesville sports bar, sushi, doughnuts, pretzels, Burritos & Beer

July 10, 2013

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.

Blaze chases 8 from home

June 19, 2013

A family of eight was forced from an Indianapolis home by a fire early Wednesday. A renter and seven minors escaped the blaze in the 1800 block of Dexter Street near West 16th and Harding streets. Damage was estimated at $25,000.
 

City can tap $39 million in low-interest loans

May 30, 2013

Affordable-housing builders are enthusiastic about the new source of low-cost capital, which is targeted at a large swath of the inner city, excepting downtown.

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