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News release

INDIANAPOLIS, IN

JLL Completes 37K SF Office Leases in Carmel Tech Center


INDIANAPOLIS, June 16, 2015 — JLL announced the completion of five leases totalling 37,116 square feet at Carmel Tech Center, a master-planned business park in the Indianapolis market. JLL represented the landlord, Hendricks Commercial Properties, LLC, in the transactions.

The 209,000-square-foot, three building development is strategically positioned on West Carmel Drive, in the heart of the Carmel, IN submarket. Carmel Technology Center offers modern, flex/industrial space with timely access to the I-465 loop system encompassing Indianapolis. The development is just minutes from the Carmel City Center and is in close proximity to the US 31/North Meridian Street corridor.

The new leases include:
• Meridian Music leased 4,130 square feet at 845 W. Carmel Drive, Carmel, IN from Hendricks Commercial Properties, LLC.  Jack Hogan, Nick Arterburn and Brian Buschuk of JLL represented the landlord; Ted McClure and Kathy Brown represented the tenant. Meridian Music sells pianos, organs, portable keyboards, sheet music, and provides music lessons on a wide range of instruments.
• ASCP leased 4,398 sf at 833 W. Carmel Drive, Carmel, IN from Hendricks Commercial Properties, LLC.  Jack Hogan, Nick Arterburn and Brian Buschuk of JLL and John Vandenbark of CBRE represented the landlord; James Clark of JLL represented the tenant. ASCP is the world’s largest professional membership organization for pathologists and laboratory professionals.
• R & D Distributors leased 9,990 sf at 839 W. Carmel Drive, Carmel, IN from Hendricks Commercial Properties, LLC.  Jack Hogan, Nick Arterburn and Brian Buschuk of JLL represented the landlord; R & D Distributors represented itself. R&D is a large regional wholesaler of home and mobile electronics.
• NETech, a professional services business, renewed its lease for 14,846 sf at 12272 Hancock Street, Carmel, IN owned by Hendricks Commercial Properties, LLC.  Jack Hogan, Nick Arterburn and Brian Buschuk of JLL represented the landlord; Graham Summers and Denice Michel represented the tenant. NETech provides customers with network solutions allowing them to deliver data to any device.
• Minds in Motion renewed ts lease for 3,752 sf at 879 W. Carmel Drive, Carmel, IN from Hendricks Commercial Properties, LLC.  Jack Hogan, Nick Arterburn and Brian Buschuk of JLL represented the landlord; Minds in Motion represented itself. This business provides unique activity-based solutions to students who are struggling academically.

Carmel Technology Center is a master-planned business park in close proximity to the affluent north suburban housing and labor pool. The business park is ideal for companies needing to serve clients and customers throughout Hamilton County, Indianapolis, Central Indiana and the greater metro area.

About Hendricks Commercial Properties
For more than 30 years, Hendricks Commercial Properties has supported all of its clients’ real estate development requirements, representing them with every aspect of site selection, licensing and permitting, property acquisition, due diligence, construction management and financing. Hendricks Commercial Properties currently manages and owns more than 15 million square feet of real estate properties in 39 states. Property types include industrial, office, retail, multifamily and development land.

About JLL
JLL (NYSE: JLL) is a professional services and investment management firm offering specialized real estate services to clients seeking increased value by owning, occupying and investing in real estate. A Fortune 500 company with annual fee revenue of $4.7 billion and gross revenue of $5.4 billion, JLL has more than 230 corporate offices, operates in 80 countries and has a global workforce of approximately 58,000.  On behalf of its clients, the firm provides management and real estate outsourcing services for a property portfolio of 3.4 billion square feet, or 316 million square meters, and completed $118 billion in sales, acquisitions and finance transactions in 2014. Its investment management business, LaSalle Investment Management, has $55.3 billion of real estate assets under management. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit www.jll.com.