Tag Archives: tenants

Indiana Manufacturers Association Relocates to PNC Center

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IMA
Graham Summers
Vice President

The Indiana Manufacturers Association (IMA), a trade association focused exclusively on manufacturing, recently relocated its office in downtown Indianapolis from OneAmerica Tower to PNC Center. When the decision to relocate was made, IMA considered the following in its search for a new headquarters:

  • Building image and amenities
  • Connectivity and proximity to the Indiana
  • Read More

Tenants in the Market: What You’ll See

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IndyMap

By Graham Summers
Jones Lang LaSalle

Surprisingly, we are already nearing the halfway point of 2014, and the commercial real estate market continues to move in a positive direction in most submarkets.  Here is a breakdown per submarket based on JLL’s second quarter statistics and market intel:

 

CBD

The downtown market continues to be generally weak in terms… Read More

Here Comes the Sun, but Remnants of Winter Could Show Up on Your Rent Statements

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SnowPlow

By Denice Michel
JLL Indianapolis

With daylight savings time in full swing and temperatures finally above freezing, tenants are bidding farewell to shoes ruined by salt, tires destroyed by potholes, and skin roughened by the bitter cold.

But tenants will likely continue to see the effects of the 2013-2014 winter in their office complex and rent statements… Read More

Retail and Fulfillment Distribution in Indianapolis

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By Brian Seitz
Senior Vice President
Jones Lang LaSalle

In the video above, JLL’s Director of U.S. Research, Aaron Ahlburn, explains what is currently driving industrial demand across the country.

Retail, and specifically e-commerce fulfillment, is leading the charge from coast to coast.  In Indianapolis, the impact of expanding retail is even more noticeable. Nearly all new deal activity in 2013 (both closed and active deals) are either store fulfillment, e-commerce/DTC fulfillment or… Read More

Tenants Flocking to INTECH Park

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The JLL leasing team at INTECH Park on the city’s northwest side recently completed a variety of new leases that reflect tenant’s growing interest in the 210-acre technology park. Among the most significant deals:

  • Matrix Technologies, a leader in control systems and process and facilities engineering services, leased approximately 13,000 square feet in the INTECH Eleven
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The ‘Blend and Extend’ – Dead or Alive?

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By Graham Summers
Jones Lang LaSalle

Three years ago, when the market was hitting rock bottom, a concept was re-introduced in an effort to increase value for landlords and decrease occupancy costs for tenants.

The transaction structure, referred to in the industry as the “blend and extend”, involved a tenant renewing its office lease… Read More

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Office Market Activity Update

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By John Robinson
Managing Director
Jones Lang LaSalle

Always of interest to commercial real estate watchers in Indianapolis is the topic of market activity.

Our JLL team tracks every office prospect in the market to ensure we’re on top of every active deal. With large tracts of vacancies growing more scarce, it’s also good to know… 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

The Science Behind an Office Relocation

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By Graham Summers
Tenant Representation
Jones Lang LaSalle

Tenants move for different reasons, but it’s quite a task for most.  As a result, the reasons are typically warranted.  Here’s why (usually):

  • PRICE, it’s always a consideration, and sometimes there’s just a better deal next door
  • Building ownership: buildings are constantly flipping to new ownership groups, and
  • Read More

Indianapolis Office Tenants: Perception vs. Reality

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By Graham Summers
Jones Lang LaSalle

“The commercial real estate market has hit rock bottom”

“I know that building has a lot of vacancy”

“Nobody has been a Tenant in that space for years”

These are just a few of the many comments brokers hear about the office leasing market in Indianapolis when speaking casually with clients and… Read More