IU receives record $525M in grants, awards

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	Friday, August 1, 2008
	IU receives record $525M in grants, awards Indiana University announced that it received a record $525.3 million in grants and awards for research and other programs in the 2007-08 fiscal year. The amount was a 21-percent increase over the prior year. IU said $263.4 million came from federal sources, also a record. It was the first time any school in Indiana exceeded the half-billion-dollar mark, IU President Michael A. McRobbie said in a written statement. Brightpoint mulled out-of-state move Brightpoint Inc., which announced this morning that it was moving its headquarters from Plainfield to Indianapolis, said it made the decision after considering cities in other states that are hotbeds for distribution. The wireless-device distributor said cities it considered included Chicago, Dallas and Phoenix. Ultimately, it chose northwest Indianapolis, near where it was founded 20 years ago. The company did not request or receive incentives to stay.
	Logistics firm to open distribution center, hire 30 Louisiana-based Cross Road Centers, a third-party logistics provider, plans to spend about $6.7 million to open a distribution center near Indianapolis International Airport and hire 30 workers by 2011. The 600,000-square-foot warehouse will be in an existing Duke Realty Corp. building in the AirWest Industrial Park. Cross Road Centers expects to open the facility by the end of the year. The company will receive up to $180,000 in tax credits and training grants from the Indiana Economic Development Corp. The town of Plainfield will provide a property tax abatement. Law practices merge into 7-attorney firm Two area law firms, Coleman Stevenson LLC and The Montel Law Firm PC, have merged. Coleman Stevenson specializes in corporate law, real estate, governmental services and civil litigation. The Montel Law Firm specializes in mergers and acquisitions, corporate finance, and real estate and land development. The new firm, which has seven attorneys and three support staff, is called Coleman Stevenson & Montel LLP. It will relocate to 3802 W. 96th St. in October. Paul Tracy, Subway looking at IRL return Walker Racing seeking way to get popular driver on track. The Score From IBJ staff - Compiled by Tracy Donhardt Former deputy accused of faking Air Force orders A fraud case involving a former Marion County Sheriff Department's deputy will be turned over to the prosecutor's office today. Ernest Barnett, 56, is accused of faking orders from the Air Force to get time off work. Investigators say the deception cost Marion County about $2,300. Barnett resigned from the department July 9 amid an internal affairs investigation. Hearse caravan advocates peace in streets Local funeral home directors plan to lead a peace-in-the-streets hearse caravan later today. The caravan comes in response to recent violence throughout the city. It will leave from the Glendale Town Center at 5:30 p.m. Indianapolis had 18 homicides in July. Gun-store burglary suspects to appear in court Three teenagers arrested during a police investigation into a burglary at Don's Guns will appear in juvenile court this afternoon. Prosecutors believe the teens used a stolen car to smash into the west-side gun shop last Friday and steal several weapons.
	Wings of Freedom Tour flying into Indiana A high-flying history lesson is landing in central Indiana this afternoon. The Wings of Freedom Tour showcases authentic World War II bombers. The tour runs through Monday at Mount Comfort Airport.
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BREAKING: Brightpoint to move HQ to Indy

	Friday, August 1, 2008
	Brightpoint to move HQ to Indy Cory Schouten -  cschouten@ibj.com IBJ staff Wireless-device distributor Brightpoint Inc. is moving its headquarters from Plainfield to northwest Indianapolis, near where it was founded almost 20 years ago. The company, which has about 65 headquarters employees and about 1,000 workers in Indiana, plans to share a new building with software developer Interactive Intelligence Inc. and engineering firm Woolpert Inc. along Interstate 465 north of West 71st Street. The space will allow the company to implement an expansion that calls for up to 60 new headquarters employees in the next seven years. Brightpoint considered moving its home base to other cities, including Dallas, Tampa, Chicago and Phoenix, before settling on a move to Indianapolis, CEO Bob Laikin said in an interview with IBJ. He said the firm did not request or receive incentives to stay. The publicly traded company, which has about 3,000 employees worldwide, plans to take 37,000 square feet in the 154,000-square-foot office building in Duke Realty Corp.'s Woodland Corporate Park. The new space is about double the size of the company's current home in Plainfield.
	That building, the former headquarters of Galyan's Trading Co., has been in receivership since embattled developer Christopher P. White defaulted earlier this year. Regions Financial Corp. owned the note but sold it in July to Edgewood Capital Advisors LLC of Connecticut. Edgewood hopes to sell the 100,000-square-foot building at an auction Aug. 27, said Jon Owens, a principal with the local office of Colliers Turley Martin Tucker who is handling leasing of the property. The Brightpoint move will leave the building, one of few office complexes in Plainfield, about half empty. The only other tenant, Rolls-Royce Group, occupies 50,000 square feet and has a lease through 2010. The new building gives Brightpoint more room to expand and is closer to home for most of the firm's headquarters employees, Laikin said. It is just a few blocks from where the company-originally known as Wholesale Cellular USA Inc.-had its first headquarters at 71st Street and Zionsville Road. The new space also is more functional; the old Galyan's headquarters has open ceilings, is noisy and needs work on its HVAC systems. "It's a good-looking building from the outside, but functionally for us it didn't work for a variety of reasons," Laikin said. It makes sense for Brightpoint to have an Indianapolis address and Class A space, said Sam Smith, an office expert and CEO of Resource Commercial Real Estate. "It's slim-pickings in the Plainfield office-there's nothing there that fits the bill," he said. "The move to Galyan's was a Band-Aid." There is some dispute over whether Brightpoint is obligated to stay through its lease expiration in 2011. The company had a deal with White, the founder of bankrupt developer Premier Properties USA Inc., to take new office space planned for the Metropolis shopping mall. But White failed to deliver on the new space, and Brightpoint officials believe the default gave them the option to terminate the firm's 16,500-square-foot lease in the former Galyan's headquarters. Premier and White developed the 18-acre property for Galyan's in 2004 after the city of Plainfield floated an $8 million bond issue to entice the outdoors retailer to move its headquarters there. But a mere six months after Galyan's moved in, Pittsburgh-based Dick's Sporting Goods acquired the local company and moved out. White paid back Plainfield, took title to the property, and tried unsuccessfully to sell it for $8.5 million before opting to lease it out instead. Demand for office space is growing in Plainfield, where industrial real estate still rules. The Galyan's building is an attractive option, and its interior deficiencies can be corrected, Owens said. The owners are considering new drop ceilings and are performing maintenance on ceiling units Premier hadn't serviced for nine months.
	IBJ Daily hosted and delivered by Unsubscribe | Update Profile | Manage Subscriptions We respect your right to privacy - click here to view our policy. Copyright © IBJ Media Corp. 2007. All Rights Reserved. Privacy Policy Reproduction or use without permission of editorial or graphic content in any manner is strictly prohibited. Reprint orders: To request reprint permission contact IBJ's managing editor. Phone: 317-634-6200 - E-mail: managingeditor@ibj.com This email was sent by: IBJ Corporation 41 East Washington Street, Suite 200 Indianapolis, IN, 46204-3592, United States of America