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Articles
Lending overhaul could be trouble for ITT
New student-lending rules proposed by the Obama administration could wipe out as much as two-thirds of profits at Carmel-based
ITT Educational Services Inc., some analysts believe.Popular toning shoes give big boost to The Finish Line
Despite controversy over whether they live up to their hype, so-called toning shoes—a category created from thin air
just a few years ago—are flying off store shelves nationwide and are on pace to ring up almost $1 billion in revenue
this year.Strategy key as arts groups launch simultaneous campaigns
A wave of fundraising pitches is about to wash over Indianapolis arts supporters. Five organizations either have announced
or are working toward the launch of major campaigns.Indiana, Indy stage small employment gains
Indiana’s unemployment rate increased by a sliver, to 10.2 percent, in July despite increases in jobs in many industries.
Closings roundup: Menards, Urban Element, Spa Chakra
Several restaurant and retail closings to report, including a big-box hardware store, a local restaurant chain and an upscale
spa.Sales/acquisitions
-E.J. Welch Co. bought an 11,581-square-foot industrial building at 6230 Corporate Drive. The price wasn’t disclosed. The buyer was represented by Stan Elser and Jim Karozos of Grubb & Ellis Harding Dahm & Co. The seller, Best Flooring Real Estate Holdings LLC, was represented by Mike Alboher of Alboher Development Co. Inc.
-Norman L. and Associates LLC bought a 3,753-square-foot office building at 31 S. Rangeline Road, Carmel. The price wasn’t disclosed. The buyer was represented by Darrin L. Boyd of Cassidy Turley. The seller, Yancey Marketing, was represented by Darrin L. Boyd and David A. Moore of Cassidy Turley.
Leasing/leasing contracts
-Keebler renewed its lease for 45,917 square feet at 7735 Winton Drive in Park 100. The tenant was represented by Andrew Morris, Jeremy Woods, Matt McGrady and Jon Shuel of Summit Realty Group. The landlord, Duke Realty, represented itself.
-Knowledge Services leased 16,209 square feet at Castle Creek IV, 5875 N. Castle Creek Parkway. The tenant was represented by Tim Norton and Cameron Kucic of Sumhttps://admin.ibj.com/admin/article/workflow/claim?articleId=21856#mit Realty Group. The landlord, Blue Real Estate, was represented by Matt Langfeldt and Rich Forslund of NAI Olympia Partners.
-Gaylor Inc. leased 13,263 square feet at Castle Creek V, 5750 N. Castle Creek Parkway. The tenant was represented by Aasif Bade and Pat Chittenden of Ambrose Property Group. The landlord, Blue Real Estate, was represented by Matt Langfeldt and Rich Forslund of NAI Olympia Partners.
-Ji-Eun Music Academy leased 6,960 square feet of office space at 10029 E. 126th St., Fishers. The tenant was represented by Shelley Meisenhelder of Coregroup Corporate Real Estate Advisors. The landlord, Eiker Investments II LLC, was represented by Bennett M. Williams and John A. Crisp of Cassidy Turley.
-InSphere Insurance Solutions Inc. leased 4,502 square feet of office space at 3500 DePauw Blvd. The tenant was represented by Bill Ehret of Summit Realty Group. The landlord, CP Pyramid Associates LP, was represented by David A. Moore and Darrin L. Boyd of Cassidy Turley.
-The Trade Connection leased 3,400 square feet of showroom space at the Indiana Design Center, 200 S. Rangeline Road, Carmel. The landlord, Pedcor, and tenant represented themselves.
-Lather Hair leased 3,200 square feet at 7844 E. 96th St. in the North by Northeast Shopping Center, Fishers. The tenant was represented by Debra Browder of Browder Realty. The landlord, NNE Associates LLC, was represented by Robyn Smart and Shannon Hicks of CB Richard Ellis.
-dPict Imaging Inc. leased 3,156 square feet at 7400 Shadeland Station in the Shadeland Station Office Park. The tenant was represented by Andrew Follman of Meridian Real Estate Services. The landlord, LA/Shadeland Station, was represented by Crystal Houston and Dan Richardson of CB Richard Ellis
-Aegis Worldwide leased 2,452 square feet at 11550 N. Meridian St., Suite 250, in SePro Tower. The tenant was represented by Scott H. Lindenberg of Echelon Realty Advisors. The landlord, SePro Corp., was represented by Bill Ehret and Rebecca Baer of Summit Realty Group.
-TCG Indianapolis renewed its lease for 2,368 square feet at 9325 Delegates Row in the Precedent Office Park. The tenant was represented by Kurt Kittner of Jones Lang LaSalle. The landlord, HDG Mansur, was represented by Tim Hull and Rick Trimpe of CB Richard Ellis.-General Physics Corp. leased 2,353 square feet of office space at 550 Congressional Blvd., Carmel. The landlord, 550 Congressional Blvd. LLC, was represented by David A. Moore, Darrin L. Boyd and Mary Beth Kohart of Cassidy Turley. The tenant represented itself.
-ScheduleMyHair.com LLC leased 2,100 square feet at Fall Creek Harbour, 10142 Brooks School Road, Fishers. The tenant was represented by Paul Dick of Colliers International. The landlord, FCH Associates LLC, was represented by Cindy Hoskinson and Herb Feldmann of Grubb & Ellis Harding Dahm & Co.
-Art of Living Foundation leased 1,600 square feet at 6801 Lake Plaza Drive in the Lake Plaza Office Park. The landlord, Lake Plaza LLC, was represented by Debbie Shumate of Alliance Commercial Real Estate. The tenant represented itself.
-Therapeutic Spa leased 1,200 square feet at 6801 Lake Plaza Drive in the Lake Plaza Office Park. The landlord, Lake Plaza LLC, was represented by Debbie Shumate of Alliance Commercial Real Estate. The tenant represented itself.
-Reliable Personal Care Services leased 804 square feet at 6801 Lake Plaza Drive in the Lake Plaza Office Park. The landlord, Lake Plaza LLC, was represented by Debbie Shumate of Alliance Commercial Real Estate. The tenant represented itself.
-Allstate/Bell Insurance leased 803 square feet at 6801 Lake Plaza Drive in the Lake Plaza Office Park. The landlord, Lake Plaza LLC, was represented by Debbie Shumate of Alliance Commercial Real Estate. The tenant represented itself.
Construction
-Kort Builders has completed a 1,300-square-foot retail space for Fuzziwig’s Candy Factory at 13971 Town Center Blvd. in Hamilton Town Center.
-Kort Builders has completed a 2,000-square-foot retail space for Sally Beauty at 2007 E. Greyhound Pass, Carmel.
https://admin.ibj.com/admin/article/workflow/claim?articleId=21858#
Ward, Vargas take top All-Star Agent spots
IBJ has compiled its All-Star Agents lists annually since 1997. Agents are ranked by their sales volume over a two-year
period.Local racing-fuel supplier expands territory to 26 states
National Biofuels Distribution LLC, a subsidiary of Carmel-based Telamon Corp., signs two distribution contracts to expand
its distribution reach. The company began marketing its ethanol-based racing fuel, Ignite, about a year ago.Time running out for suburban bus service
Transportation planners are scrambling to find federal funds to help pay for the popular commuter routes from downtown
Indianapolis to Fishers and Carmel.Funeral company in 129th year keeps fresh perspective
Flanner and Buchanan Funeral Centers sometimes stretches the definition of “funeral” to stay relevant after nearly
130 years. The family-owned business began downtown and has grown northward along with the city’s population. Today,
it has 14 funeral centers and conducted 2,200 funerals last year.iSalus sees business boom as docs chase stimulus cash
The company is seeing a rush of new sales for its Web-based electronic medical record system from doctors, who all stand to
receive bonus payments from the federal stimulus act for computerizing their patient records.Bid deadline looms for former Hilbert mansion
The 25,000-square-foot mansion once owned by Conseco Inc. founder Stephen Hilbert was listed five years
ago at $20 million—and
about half that in recent months. Now the property is being sold in a sealed-bid auction, and offers are due Friday.Sales/acquisitions
-Carmel-based Platinum Group bought Aspen Village Apartments, a 220-unit complex at 3510 Kebil Drive on the west side. The
list price was $1.9 million. The sale price was not disclosed. The buyer was represented by Chad Stickley and
Michael Wernke of Marcus & Millichap. The seller, CW Capital, was represented by Tikijian Associates.-Reverie Estates bought the St. Regis, a 72-unit apartment building at 26 E. 14th St. The price was not disclosed. The buyer
was represented by Sandra Jarvis of IndySquared Commercial Properties. The seller, James Candler, was represented
by Scott Pollom of Cassidy Turley.-JJ Properties LLC bought a 2,000-square-foot office building at 745 E. 107th St. The price was not disclosed. The buyer
was represented by Jeff Wright of Indy Properties. The seller, Mr. Window Inc., was represented by Bob
Lindgren of Grubb & Ellis Harding Dahm & Co.
Leasing/leasing contracts
-Rugby IPD renewed its lease for 52,800 square feet of industrial space at 8200 Allison Ave. The tenant was represented by
J.D. Graves of Cassidy Turley. The landlord, ProLogis, was represented by Andrea Hopper of
ProLogis.-Green Wave Computer Recycling leased 19,200 square feet of industrial space at 9208 E. 33rd St. The tenant was represented
by J.D. Graves of Cassidy Turley. The landlord, Duke Realty, was represented by Kate Willen
of Duke.-Hill Fulwider McDowell Funk & Matthews Professional Corp. leased 9,951 square feet in the Regions Bank Tower. The tenant
was represented by Tom Hadley of Summit Realty Group. The landlord, One Indiana Square Associates, was represented
by Ralph Balber and Kelli Dugan of Halakar Real Estate.-Michael’s South Shore Restaurant leased 5,100 square feet at the Geist Centre Shopping Center, 11705 Fox Road. The
tenant was represented by Kyle Hughes of Veritas Realty LLC. The landlord, Geist Station LLC, was represented
by Matt Parsons of Phillips Edison & Co.-American Family Dental Group-Bloomington LLC leased 3,025 square feet of office space at 770 N. Green St., Brownsburg. The
tenant was represented by Darrin L. Boyd and David A. Moore of Cassidy Turley. The landlord,
Six Cap LLC, was represented by Larry Harshman of Harshman Property Services LLC.-AD-IN Inc. leased 2,494 square feet of office space at 1980 E. 116th St., Carmel. The landlord, Stratford Center LLC, was
represented by Darrin L. Boyd and David A. Moore of Cassidy Turley. The tenant represented
itself.-CIT Group leased 1,922 square feet in Castle Creek V, 5750 N. Castle Creek Parkway. The landlord, Blue Real Estate, was
represented by Matt Langfeldt and Rich Forslund of NAI Olympia Partners. The tenant represented
itself.-Zionsville Chiropractic and Rehabilitation Center LLC leased 1,592 square feet of office space at 8870 Zionsville Road.
The tenant was represented by Bennett M. Williams and Andrew D. Martin of Cassidy Turley.
The landlord, MDD Office Partners LLC, was represented by Joe Lonnemann and Matt Jackson
of Halakar Real Estate.-Med-Link Inc./Consolidated Brokerage Services LLC leased 1,463 square feet of office space at 3077 E. 98th St. The landlord,
BREOF Keystone REO LLC, was represented by David A. Moore and Darrin L. Boyd of Cassidy
Turley. The tenant represented itself.-Texano Grill leased 1,400 square feet at Shadeland Corner Shopping Center, 4558 N. Shadeland Ave. The tenant was represented
by Kelli Membrano of Libertad Real Estate. The landlord, Shadeland Center LLC, was represented by Keith
Kleinmaier of Retail Realty.-Berkley Risk Administrators leased 1,313 square feet in Castle Creek III, 8720 Castle Creek Parkway. The landlord, Blue
Real Estate, was represented by Matt Langfeldt and Rich Forslund of NAI Olympia Partners.
The tenant represented itself.-Timothy McSoley leased 1,090 square feet at Castle Creek IV, 5875 N. Castle Creek Parkway. The landlord, Blue Real Estate,
was represented by Matt Langfeldt and Rich Forslund of NAI Olympia Partners. The tenant
represented himself.New IU program lets students invest $100,000
Kelley School of Business Dean Dan Smith said a $100,000 donation from two IU alumni will provide a hands-on learning opportunity
for students.