Company ProfilePK Partners is a privately held real estate development
and investment company focused on developing, owning and operating first-class
retail, office and mixed-use properties in the Indianapolis, IN area. Other
investments include Late Harvest Kitchen and The North End BBQ.
History
In
the late 1950's, Leonard L. Larman took a job with the Albert L. Frankel
Company, a local commercial real estate development firm in Indianapolis,
Indiana. He replaced an employee by the name of Melvin Simon who had just left
the Frankel Company to start his own firm. Larman became a partner in the
Frankel Company after working as a leasing agent for a period of years with the
firm. The Frankel Company developed many of the early centers in and around the
state including; Eastgate Plaza, Greenbriar, Hawthorne Plaza, part of Nora Plaza
to name a few in the Indianapolis area.
As a part of Larman's
involvement in the real estate industry he served as President of the Indiana
State Chapter of ICSC and graduated in the first class of CSM's in the United
States. In 1970 Larman left the Frankel Company and formed the Leonard L. Larman
Company. The main focus of the new venture was to develop a piece of ground that
he took with him that had been acquired to develop a regional mall. When the
potential for the mall fell through, Larman proceeded to develop a large mixed
use development known as Keystone at the Crossing. After completion of the
original Fashion Mall, the Bazaar, several restaurants and the 9000 Keystone
Crossing Office Tower, his partner, (the Indiana National Bank) was no longer
able to continue developing the project due to a change in federal regulations
so they were forced to divest themselves of the project. Part of what was taken
by the Leonard L. Larman Company was the River Crossing site.
In 1981,
Philip N. Larman joined the firm after graduating from Tulane University in New
Orleans. Philip worked for the company in leasing and property management
positions until 1987 when he left the company for a period of four years to
start his own custom home construction company. In late 1989, Leonard Larman
became terminally ill and Philip returned on a part time basis to help manage
the company.
After spending several years stabilizing the existing
properties owned by the company, efforts were turned towards the development of
the 85 acre River Crossing site. In two previous attempts over an eight year
period, Leonard Larman was not able to achieve satisfactory zoning on the parcel
but by November, 1993, Philip Larman got the site zoned as a mixed use
development.
Today, PK Partners currently owns or manages
Indianapolis-area retail, office, mixed-use and industrial assets totaling over
500,000 square feet. PK Partners and its affiliates have developed, redeveloped
or renovated more than 25 commercial real estate properties throughout the
Indianapolis market, including key projects such as:
- River Crossing mixed-use development
- The Shops at River Crossing
- One River Crossing
- Two River Crossing
- Three River Crossing
- Five River Crossing
- CSO Architects Headquarters
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- Clearwater Springs Shopping Center
- Willow Lake East
- Willow Lake West
- Nora Plaza
- Nora Plaza Shops
- Nora Shops West
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