Category: Commercial Real Estate

Real Estate Comeback

Commercial construction is on a roll.

by Heidi Prescott Wieneke

When Tim Healy started work for Holladay Properties in 2000, the South Bend-based company had nothing going on in Northwest Indiana. It was just him, a trailer and 386 acres of vacant land Holladay had purchased from Bethlehem Steel. Healy had his work cut out for him.

Holladay wanted this site to rival the strongest …

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Green Thinking

Taking the LEED in Northwest Indiana.

by Jacqueline von Ogden

In 1993, the concept of Leadership in Energy and Environmental Design (LEED) certification standards was not publically conceptualized. Five years later, when the U.S. Green Building Council (USGBC) developed LEED certification, a mere mention of the word LEED was known to raise an eyebrow. Now, in 2013 it has become a standard, or as some …

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Posted in Business, Commercial Real Estate, Construction, Fall 2013, Real Estate | Leave a comment

Holladay completes $6.1 million sale

PORTAGE – Holladay Properties in Portage recently closed on the sale of the 73,000-square-foot Ashland Building at the Ameriplex at the Port.

It originally was built for Sanofi-Adventis and is currently home to MonoSol Rx. The $6.1 million sale to Space Center Inc. closed in early May and was brokered by Mike Micka.

 

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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 …

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Holladay 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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Dawn 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 …

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Renovation 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 …

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Valparaiso 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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H.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 …

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Al’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 …

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