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Articles

Leases/leasing contracts

May 26, 2011

-ITT Educational Services Inc. leased 18,386 square feet of office space at 2525 N. Shadeland Ave. The tenant was represented by Sam Smith of Colliers International. The landlord, Western Select Properties LP, was represented by Rich Forslund and Matt Langfeldt of Summit Realty Group.

-Cummins Inc. leased 12,634 square feet of office space in Capital Center, 251 N. Illinois St. The tenant was represented by Yumi Prater and Sam Smith of Colliers International. The landlord, VV USA City LP, was represented by Dan Richardson of CB Richard Ellis.

-Live Nation Worldwide Inc. leased 7,941 square feet at 9100 Keystone Crossing.  The tenant was represented by Mike Semler of Cassidy Turley. The landlord, Philadelphia-based BPG Properties Ltd., was represented by John R. Robinson and Abby L. Cooper of Jones Lang LaSalle.

-Sobongo.com leased 6,254 square feet of office space at 7320 E. 86th St.  The tenant was represented by Yumi Prater of Colliers International. The landlord, East 86th Street Partners LLC, was represented by Drew Augustin of Alliance Commercial Real Estate.

-Casa Grande Mexican Restaurant leased the 6,000-square-foot former Max & Erma’s restaurant at The Pavilion at Castleton, 5899 E. 86th St. The tenant was represented by Dave Kaverman of Anthony Wayne Business Exchange. The landlord, Stough Associates LP, was represented by Mark Perlstein of Sitehawk Retail Real Estate.

-La Fuente Mexican Restaurant leased 4,923 square feet at Exit Five Shopping Center, 9771 E 116th St., Fishers. The landlord, Sunbeam Development Corp., was represented by Mark Perlstein of Sitehawk Retail Real Estate. The tenant represented itself.

-Presley’s Enterprises LLC leased 4,721 square feet at Precedent Retail Center, 3855 E 96th St. The tenant was represented by Art Small of Realty Executives.  The landlord, The Retail Center At Precedent Park LP, was represented by Mark Perlstein of Sitehawk Retail Real Estate.

-Burns & Wilcox Ltd. leased 4,506 square feet at 8888 Keystone Crossing. The tenant was represented by Dave Black of CresaPartners. The landlord, Philadelphia-based BPG Properties Ltd., was represented by John R. Robinson and Abby L. Cooper of Jones Lang LaSalle.
     
-American Society of Clinical Pathology leased 3,178 square feet at 8900 Keystone Crossing. The landlord, Philadelphia-based BPG Properties Ltd., was represented by John R. Robinson and Abby L. Cooper of Jones Lang LaSalle. The tenant represented itself.

-U.S. Rep. Dan Burton leased 1,789 square feet at 8900 Keystone Crossing.  The tenant was represented by John Crisp of Cassidy Turley. The landlord, Philadelphia-based BPG Properties Ltd., was represented by John R. Robinson and Abby L. Cooper of Jones Lang LaSalle.
    
-State Farm Insurance-Tom Grimsly leased 1,420 square feet in Clover Creek Commons, 17160 Dragon Fly, Noblesville. The tenant was represented by Liz Yoho of Providence Partners. The landlord, The National Bank of Indianapolis, was represented by Ashley Bussell and Ralph Balber of Newmark Knight Frank Halakar.

-SunQuest Systems Inc. leased 849 square feet of office space at 5455 W. 86th St. The landlord, Polaris Commercial Investments LLC, was represented by Scott H. Lindenberg of Echelon Realty Advisors. The tenant represented itself.

Leases/leasing contracts

May 9, 2011

-United Suppliers Inc. leased 17,600 square feet at 923 Whitaker Road in the Airwest Business Park. The tenant was represented by Terry Busch of CB Richard Ellis. The landlord, ProLogis, was represented by Luke Wessel of Cassidy Turley.

-Beacon Technologies subleased 5,720 square feet at One Parkwood, 96th and Meridian streets. The tenant was represented by Alex Cantu of Summit Realty Group. The sublessor, Computer Associates, was represented by Adam Broderick and Denice Michel of Jones Lang LaSalle.

-eImagine Technology Group Inc. leased 4,332 square feet of office space at 6081 E. 82nd St. The tenant was represented by Jenna Barnett of Newmark Knight Frank Halakar. The landlord, BREOF Castleton Park REO LLC, was represented by Dave Moore and Darrin Boyd of Cassidy Turley.

-The ALS Association Inc. leased 2,163 square feet of office space at 6525 E. 82nd St. The tenant was represented by John Crisp of Cassidy Turley. The landlord, BREOF Castleton Park REO LLC, was represented by Dave Moore and Darrin Boyd of Cassidy Turley.

-Market Street Wealth Management Advisors LLC leased 2,024 square feet of office space at 3091 E. 98th St. The tenant was represented by Brooke Augustin of Alliance Commercial Real Estate. The landlord, BREOF Keystone REO LLC, was represented by Dave Moore and Darrin Boyd of Cassidy Turley.

-Tucker’s School of Real Estate leased 1,975 square feet of office space at 6515 E. 82nd St. The tenant was represented by John Crisp of Cassidy Turley. The landlord, BREOF Castleton Park REO LLC, was represented by Dave Moore and Darrin Boyd of Cassidy Turley.

-Guidon Design, Inc. leased 1,952 square feet at Douglass Pointe, 2453 N. Delaware St., Indianapolis. The landlord, Minkis Construction Inc., was represented by Joe Shoemaker of MacDuff Realty Group. The tenant represented itself.

-New Harbours Café leased 1,750 square feet at Harbourtown Center at the southeast corner of Little Chicago Road and Carrigan Bridge Road at Morse Lake, Noblesville. The tenant and landlord, Harbourtown Center LLC, were represented by Bill Ernst of Charter Commercial Realty Group.

-Loving & Caring Home Inc. leased 1,560 square feet of office space at 6525 E. 82nd St. The landlord, BREOF Castleton Park REO LLC, was represented by Dave Moore and Darrin Boyd of Cassidy Turley. The tenant represented itself.  

-Speech Pathology Services PC leased 1,503 square feet of office space at 1980 E. 116th St. The landlord, Stratford Center LLC, was represented by Darrin Boyd and Dave Moore of Cassidy Turley. The tenant represented itself.
 
-The Henry P. Thompson Co. leased 1,486 square feet of office space at 6505 E. 82nd St. The landlord, BREOF Castleton Park REO LLC, was represented by Dave Moore and Darrin Boyd of Cassidy Turley. The tenant represented itself.  

-Eagle Land Title LLC leased 1,470 square feet of office space at 3500 Depauw Blvd. The tenant was represented by Bob Dominguez of Colliers International. The landlord, CP Pyramids Associates LP, was represented by Dave Moore, Darrin Boyd and Bennett Williams of Cassidy Turley.

MORRIS: Firefighters fill convention center

April 7, 2011

I recently had the opportunity to walk through the exhibit space at the Fire Department Instructor’s Conference at the newly expanded Indiana Convention Center. It gave me a great firsthand look at why we invested $275 million expanding the convention center.

Controversy brews over judging charter performance

March 31, 2011

There is little agreement—but lots of politics and complex statistics—on how to define success and failure in Indiana’s public schools.

Leasing/leasing contracts

February 21, 2011

-Biosound, Esaote Inc. leased 39,204 square feet of office space at 8000 Castleway Drive. The tenant was represented by Darrell Pike of Pike Real Estate. The landlord, BREOF Castleton Park REO LLC, was represented by Dave Moore and Darrin Boyd of Cassidy Turley.

-Indiana Athletics has leased 12,000 square feet in Fairfield Business Park, 9339 Castlegate Drive. The tenant was represented by John Hanley of CB Richard Ellis. The landlord, First Industrial Realty Trust, was represented by Nikhil Gunale of CB Richard Ellis.

-Key Sheet Metal renewed its lease for 6,000 square feet at 23rd Street Industrial, 4949 E 23rd St. The landlord, Garfield LLC, was represented by David Ciechanowicz of Colliers International. The tenant represented itself.

-Hurricane Grill & Wings leased 4,733 square feet at Northfield Commons, 400 W. Northfield Drive, Brownsburg. The tenant was represented by Bill Lingle of Century 21 Scheetz. The landlord, Brownsburg Development, was represented by Liz Yoho of Providence Development.

-Dacco Inc. renewed its lease for 4,000 square feet at 23rd Street Industrial, 4839 E 23rd St. The landlord, Garfield LLC, was represented by David Ciechanowicz of Colliers International. The tenant represented itself.

-Cutco Cutlery signed leased 3,978 square feet at Clearwater Springs Shopping Center, 82nd Street and Allisonville Road. The tenant was represented by Thomas T. Schoenberger of Welsh Companies in Novi, Mich. The landlord, PK Clearwater Springs LLC, represented itself.  

-Marco’s Pizza leased 1,800 square feet at New Augusta Shoppes, 7125 N. Georgetown Road. The tenant was represented by Andrew Clifford of Clifford Realty. The landlord, Lor Corp., was represented by Brett Burch of Valenti Real Estate Services.

-Marco’s Pizza leased 1,600 square feet at Fishers Town Commons, 8235 E 116th St., Fishers. The tenant was represented by Steve Delaney of Sitehawk Retail Real Estate. The landlord, Fishers Town Commons LP, was represented by Brian Broadbent of The Broadbent Co.

-Crosspoint Capital Corp. leased 493 square feet of office space at 5455 W. 86th St. The landlord, Polaris Commercial Investments LLC, was represented by Scott H. Lindenberg of Echelon Realty Advisors. The tenant represented itself.

-GlassHouseCouture leased 442 square feet of office space at 5455 W. 86th St.  The landlord, Polaris Commercial Investments LLC, was represented by Scott H. Lindenberg of Echelon Realty Advisors. The tenant represented itself.

Carmel firm top notch in the tourism industry

February 9, 2011

Strategic Marketing & Research Inc., commonly known as SMARI, measures ad effectiveness for several states, attractions.

Smaller meetings key to convention center expansion

January 19, 2011

Large conventions typically get the most attention, but it’s the smaller meetings that will be critical to ensuring the expanded Indiana Convention Center is adequately occupied.

State gives Speedway $2.9M for blight cleanup

November 17, 2010

Indiana Lt. Governor Becky Skillman says the grant will pay to demolish old building foundations, deteriorated pavement and concrete slabs in the downtown business district.

Demolition begins on vacant Speedway motel

October 18, 2010

The former Budget Inn property near Interstate 465 on the west side of Speedway has been the site of 40 police runs over the past six months.

Reverie Estate buys another downtown Indianapolis apartment building

August 26, 2010

The prolific developer of urban apartments plans to turn the building into an affordable artists’ community.

Penn Arts developer buys another historic Indy apartment building

August 24, 2010

A prolific developer of urban apartments has acquired another building near downtown and plans to turn it into an affordable
artists' community.

Leases/leasing contracts

August 16, 2010

-Maintenance Supply leased 49,977 square feet at Gateway Park Building II, 851 S. Columbia Road, Plainfield. The tenant was represented by Kevin Kempf of Cassidy Turley and Bill Littleton of Colliers International. The owners of the building, HSA Commercial and Coastal Partners LLC, were represented by Terry Busch, Nikhil Gunale and John Hanley of CB Richard Ellis.

-Holdsworth North America Inc. leased 14,373 square feet at 2840 Fortune Circle East, Suites D, E and F in a renewal that included a 4,898-square-foot expansion. The tenant was represented by Ryan Kelly and Steve Schaub of Summit Realty Group. The landlord, Blue Real Estate, was represented by Brian Buschuk and Jake Sturman of Jones Lang LaSalle.

-Indiana Bank & Trust leased 12,163 square feet of office space at Pan American Plaza, 201 S. Capitol Ave. The tenant was represented by John Crisp of Cassidy Turley. The landlord, Pan Am SCE I LLC, was represented by Bennett M. Williams and Pete Anderson of Cassidy Turley.

-Develop Indy subleased 9,500 square feet in the Chase Tower. The tenant was represented by Jon Owens and Brian Meeks of Cassidy Turley. The sublandlord, J. Walter Thompson USA, was represented by Dan Richardson and John Vandenbark of CB Richard Ellis.

-Tabor Law Firm LLP  leased 5,939 square feet at Three River Crossing, 3610 River Crossing Parkway. The tenant was represented by Jon Owens of Cassidy Turley. The landlord, River Crossing Three LLC, was represented by John Vandenbark and Dan Richardson of CB Richard Ellis.

-Bedel Financial Consulting leased 5,720 square feet at One River Crossing. The tenant was represented by Darrell Pike of Pike Real Estate Services. The landlord, Franklin Street Properties, was represented by Dan Richardson and John Vandenbark of CB Richard Ellis.

-The Greater Greenwood Chamber of Commerce leased 2,305 square feet in Greenwood Commerce Center, 65 Airport Parkway, Greenwood. The tenant was represented by Cathy Richards of Grubb & Ellis Harding Dahm & Co. The landlord, TDH Investments LLP, was represented by Darrell Pike of Pike Real Estate Services LLC.

-Hoosier Broadcasting Corp. leased 2,250 square feet at 3500 DePauw Blvd. The tenant was represented by Matt Waggoner of Summit Realty Group. The landlord, CP Pyramid Associates LP, was represented by David A. Moore, Darrin L. Boyd and Bennett Williams of Cassidy Turley.

-The Law Offices of Diamond Z. Hirschauer leased 1,662 square feet at Market Square Center, 151 N. Delaware St. The landlord, Hertz Indianapolis One LLC, was represented by Crystal Houston and Dan Richardson of CB Richard Ellis. The tenant represented itself.

-RCS Holdings LLC leased 1,012 square feet in SePro Tower, 11550 N. Meridian St.. The landlord, SePro Corp., was represented by Bill Ehret and Rebecca Baer of Summit Realty Group. The tenant represented itself.

-The former Donatos Pizza location at 7126 East 116th St., Fishers, assigned its ground lease to The Farmers Bank. Donatos was represented by Jeff Hubley of Midland Atlantic. Farmers Bank was represented by Michael House of Peacock Properties.

-DWC Restoration Co. leased 750 square feet in the Oaks Business Centre, 500 S. Polk St., Greenwood. The tenant and landlord, Greenwood Oaks Investments LLC, were represented by Cathy Richards of Grubb & Ellis Harding Dahm & Co.

Indianapolis office vacancy rates still rising

June 29, 2010

Vacancy rates in the downtown and Keystone at the Crossing markets climbed in the past six months, according to
Meridian
Real Estate’s latest report, but the market shows signs of stabilizing.

Washington Square area getting first new retail strip in three years

June 14, 2010

Thompson Thrift, based in Terre Haute and Carmel, has started construction on Washington Square Commons, a 9,000-square-foot
retail strip at 10110 E. Washington St., at a major entrance to Washington Square Mall.

Also this week:

June 8, 2010

Sheryl Crow performs at Southern Indiana’s Horseshoe Casino, June 12. Details here.

Loverboy offers two shows on June 12 at Hoosier Park. Details here.

Here Come the Mummies headlines Party in the Park at Northside Opti-Park, June 12. Details here.

Local musicians and artists are celebrated June 13 at the Independent Music and Art Festival at the Harrison
Center for the Arts. Performers include Lord of the Yum Yum, Mandy Marie and the Cool Hand Lukes, and Denison Witmer. Details
here.

The 55th annual Talbot Street Art Fair takes over the area between 16th and 20th Sts between Delaware and
Pennsylvania Sts. on June 12-13. Details here.

Ingrid Michaelson takes the stage at the Vogue, June 15. Details here.
 

Work begins on Penn Arts apartment, retail project

April 29, 2010

Renovation work finally has begun on the building at 16th and Pennsylvania streets. Developer Christopher Piazza found two
equity partners for the project because banks were unwilling to lend.

Scaled back renovation project begins at Penn Arts

April 26, 2010

Renovation work finally has begun on the Penn Arts building at 16th and Pennsylvania streets.

Oprah crew descends on IMS to chat with Jimmie Johnson

April 20, 2010

Oprah Winfrey's Harpo Productions crew swooped into Speedway to talk with NASCAR driver Jimmie Johnson about an increasingly
controversial topic during Goodyear's tire test.

Leases/leasing contracts

April 19, 2010

-Welch & Wilson Properties LLC, a third-party logistics firm, leased 115,557 square feet at 315 W. New Road, Greenfield. The owner/landlord, California State Teachers' Retirement System, was represented by Mark Writt and Tom Cooler of CB Richard Ellis. The tenant represented itself.

-Phoenix Resource Management renewed its 35,200-square-foot lease at 923 Whitaker Road, Plainfield. The tenant was represented by Rick Suja of Summit Realty Group. The landlord, ProLogis, represented itself.

-Walgreens Co. terminated its lease for 12,455 square feet at 2710 W 16th St. The tenant was represented by Larry Davis and Michael Cranfill of Sitehawk Retail Real Estate. The landlord, Kin Properties, represented itself.

-Noblesville Hometown Sears leased 8,500 square feet at Clover Creek Commons, 17160 Dragonfly Drive, Noblesville. The tenant was represented by Pat Manifold of F.C. Tucker Co. Inc. The landlord, National Bank of Indianapolis, was represented by Ralph Balber and Ashley Bussell of Halakar Real Estate.

-BT Human Resources Consulting LLC leased 7,400 square feet of office space at Station Place, 200 S. Meridian St. The tenant was represented by Stephen Adams of Hokanson Cos. The landlord, Station Place LLC, was represented by Ralph Balber and Ashley Bussell of Halakar Real Estate.

-Findling Park Associates PC leased 4,092 square feet at M&I Plaza, 135 N. Pennsylvania St. The tenant was represented by Herb Feldmann and Cindy Hoskinson of Grubb & Ellis Harding Dahm & Co. The landlord, North Penn Associates, was represented by Jon Owens and Russell Van Til of Cassidy Turley.

-Mattison Corp., an association management firm, leased 2,300 square feet of office space at Station Place, 200 S. Meridian St. The landlord, Station Place LLC, was represented by Ralph Balber and Ashley Bussell of Halakar Real Estate. The tenant represented itself.
 
-Pulse Creative Partners Inc. leased 2,033 square feet of office space at 427 S. College Ave. The landlord, Deylen Realty Inc., was represented by Sandra Jarvis of IndySQUARED. The tenant represented itself.

-45 Minute Cleaners leased 1,600 square feet at 30th & Kessler Center, 2966 N. Kessler Blvd., West Drive.  The landlord, DEWERCS LLC, and tenant were represented by Herb Feldmann and Cindy Hoskinson of Grubb & Ellis Harding Dahm & Co.

-Movie Tyme, a movie production company, leased 1,500 square feet in Sycamore Springs Office Park, 4735 Statesman Drive. The landlord, MSE Realty LLC, was represented by Ralph Balber and Ashley Bussell of Halakar Real Estate. The tenant represented itself.

-Noblesville Martial Arts Studios leased 1,250 square feet at Harbourtown Center at Little Chicago Road and East 211th Street. The landlord, Harbourtown Center LLC, and the tenant were represented by Bill Ernst of Charter Commercial Realty Group.

GIGERICH: Happiness is factor in location choices

April 16, 2010

State-by-state comparisons ranking residents’ satisfaction levels are gaining traction in economic development circles. While rankings do not drive site-selection decisions, they do play a role.

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