Marcus & Millichap Arranges $2.9 Million Sale of Retail Strip Center in Indianapolis

Indianapolis — Marcus & Millichap has arranged the $2.9 million sale of North Meridian Shops in Indianapolis. The 17,000-square-foot retail strip center is located at 3787 N. Meridian St. Many of the property’s tenants, including T-Mobile, have operated at the location in excess of 10 years. Jordan Klink of Marcus & Millichap’s The Klink Group represented the seller, J&R Enterprises of Indianapolis II LLC. An agent out of Marcus & Millichap’s Philadelphia office represented the buyer, BA Properties I LLC, which is a Pennsylvania-based limited liability company.