Tag Archives: Adam Broderick

Construction Costs on the Rise

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Adam Broderick
Executive Vice President

As the economy continues to improve and the office market velocity increases, the costs of tenant improvements are significantly increasing as well. This is forcing landlords, looking to lure tenants to their buildings, to provide hefty allowances to accommodate even a standard build out requirement. There are multiple factors causing… Read More

Two Properties Poised to Shake Up Indy’s Suburban Office Market

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By Adam Broderick
Senior Vice President
Jones Lang LaSalle

As the Class-A suburban market office continues to tighten rather dramatically, two office parks that had been sitting on the sidelines working through the receivership process have been purchased by investors  and are now being repositioned in the market.

At the end of 2013, Zeller Realty , in… Read More

What Does It Mean If My Building is Being Run by a “Receiver”?

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By Adam Broderick
Vice President
Jones Lang LaSalle

Currently in Indianapolis, there are several quality office buildings that have been taken over by a lender due to a default on the part of the deeded owner.

When this happens, there are four primary remedies available to the lender:

  • Deed in lieu,
  • Foreclosure,
  • Workout, and
  • Receivership.

In many cases, lenders choose to… Read More

JLL Hired to Lease 220 N. Meridian Office Tower

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As was reported recently in The Star, our JLL team of John Robinson, Adam Broderick and Kevin Gillihan has been hired as the exclusive leasing agents for the 20-story office tower at 220 N. Meridian in downtown Indy.

The 558,000-SF building was sold to Akron, Ohio-based Geis Properties by longtime owner AT&T earlier this year. AT&T continues to occupy the majority of space in… Read More