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Category: Commercial Real Estate
1st Source among top 50 best banks
SOUTH BEND – 1st Source Bank has been named to Bank Director Magazine’s ‘Nifty Fifty’ list of high performing banks. 1st Source is 24th on the list which ranks the top 50 best users of capital based on profitability and capital strength. 1st Source ranked higher on the ‘Nifty Fifty’ list than any other bank in northern Indiana or southwestern Michigan and is one …
Read Full ArticleHolladay Properties to develop LaPorte project
LAPORTE – Holladay Properties has been selected by the City of LaPorte to develop the city’s NewPorte Landing Redevelopment Project on the site of the former Allis-Chalmers factory just north of downtown.
The 150-acre project sits along Clear Lake.
Holladay is the developer of the Ameriplex at the Port in Portage and other similar project around Indiana.
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Read Full ArticleDawn Foods to move to Merrillville
MERRILLVILLE – Dawn Foods, which operates bakeries in Munster and Crown Point, has announced it will consolidate the two operations into a new location in the AmeriPlex at the Crossroad in Merrillville.
The company said it will invest $15 million in the 120,000-square-foot production plant. Together, the Munster and Crown Point operations have 72 employees.
Dawn Foods, which has bakeries around the world, provides …
Read Full ArticleRenovation set for Schererville’s Plaza 833
SCHERERVILLE – The four-story Plaza 833 at the southwest corner of U.S. 30 and U.S. 41 will be renovated by Fitzgerald Earles Architects and Associates.
The building is owned by LM Commercial Real Estate of suburban Chicago. The renovation includes a new entryway, lobby and atrium, work in each of the corridors of the building, along with a new lower level conference room, mailroom …
Read Full ArticleValparaiso shopping center has new owner
VALPARAISO – Inland Real Estate Corp. has acquired Valparaiso Walk, a 137,000-square-foot shopping center at Silhavy Road and LaPorte Avenue for $21.9 million. The center is anchored by Bed Bath & Beyond, Marshalls, Best Buy and Michaels.
Inland Real Estate is based in Oak Brook, Ill., and owns shopping centers throughout the Midwest.
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Read Full ArticleH.J. Umbaugh to move into IronWorks
MISHAWAKA – IronWorks, a 17,000-square-foot office building erected in 2008 in Mishawaka now has its first tenant. The accounting firm H.J. Umbaugh and Associates has signed a least for the entire third floor in the building.
H.J. Umbaugh will move its 15 employees in Plymouth to the space, which has 4,790 square feet. The move is expected to be completed by early November.
The …
Read Full ArticleAl’s to take over Jewel-Osco building
MICHIGAN CITY – Lakeshore Foods Corp. has announced it will open in the Jewel-Osco building in Michigan City. Jewel is withdrawing from Michigan City and closed its store on Oct. 8.
Lakeshore Foods operates five Al’s Supermarkets in Michigan City, LaPorte and South Haven, and Barney’s Market in New Buffalo, Mich.
President Gil Pontius said Lakeshore Foods has acquired all of the shelving and other …
Read Full ArticleLaPorte expands industrial park
LAPORTE – A 137-acre expansion of Thomas Rose Industrial Park has been dedicated by Gov. Mitch Daniels. The new area has room for 1.2 million square feet of industrial space.
The expansion site is served by Norfolk Southern and South Shore Freight railroads.
LaPorte Mayor Blair Milo said developer Space Center has plans for nine new buildings and the potential for 1,000 new …
Read Full ArticleHolladay acquires South Bend’s AJ Wright building
SOUTH BEND – Holladay Properties and an anonymous partner have acquired the 539,137 square foot AJ Wright building on South Bend’s west side.
Holladay will operate the building and handle all leasing and sales. The building will be known as the Interstate 80 Commerce Center. Holladay, based in South Bend, also operates the Ameriplex at the Port complex in Portage, and also has operations in …
Read Full ArticleSale of Chase Tower takes a step forward
SOUTH BEND – Efforts to sell the 25-story Chase Tower in downtown South Bend have moved ahead with a vote by the City Council on a resolution making the sale a top priority for the city.
The building is owned by Huntington Bank, which told the council it has selected a bidder for the building. That bidder has not been identified.
Mayor Pete Buttigieg …
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