Indiana

Greenfield, Ind. — Dylan Mallory of Hanley Investment Group Real Estate Advisors, in collaboration with Jacque Haynes of Midland Atlantic Properties, has orchestrated the sales of three retail properties located in Greenfield, approximately 25 miles east of downtown Indianapolis. All located on North State Street as part of the Greenfield Market development, the properties were acquired by separate 1031-exchange buyers in transactions totaling more than $9 million. Indianapolis-based Midland Atlantic Properties was the seller. The properties included a 2,616-square-foot Chipotle Mexican Grill, a 3,500-square-foot Panera Bread and a 4,500-square-foot Chick-fil-A. …

Muncie, Ind. — JLL Capital Markets has arranged the $14.6 million sale of a 77,871-square-foot retail center, Muncie Marketplace. The center is located in Muncie, Indiana, roughly 57 miles northeast of Indianapolis and three miles from Ball State University. Amy Sands, Clinton Mitchell, Michael Nieder and Tim Murray of JLL arranged the disposition on behalf of the seller, AlbaneseCormier Holdings LLC. Built in 2014, Muncie Marketplace was fully leased at the time of sale to tenants including Dick’s Sporting Goods, Michaels, Five Below, McAlister’s Deli, Kay Jewelers and GameStop. War …

Fort Wayne, Ind. — DRA Advisors has sold Orchard Crossing, a 130,100-square-foot retail center shadow-anchored by Target in Fort Wayne. Developed in 2008 at 902 S. Thomas Road, the property was 99 percent occupied at the time of sale by tenants including Hobby Lobby, Barnes & Noble, Dollar Tree and Five Below. Amy Sands, Clinton Mitchell and Michael Nieder of JLL Capital Markets represented the seller and procured the buyer, LBX Investments, in the transaction. 

Terre Haute, Ind. — Hanley Investment Group Real Estate Advisors has arranged the sales of a 41,663-square-foot retail center and a freestanding Starbucks Coffee location in Terre Haute. The properties are both portions of South Pointe Crossing, a retail center shadow-anchored by Kroger on U.S. Highway 41. Dylan Mallory of Hanley, in association with ParaSell Inc., represented the seller, Thompson Thrift Commercial, in both transactions. A private family office based in Erie, Pennsylvania, acquired the 2,212-square-foot Starbucks outparcel for $1.8 million. Drew Baldwin and Jake Duska of Baldwin Brothers Inc. …

Carmel, Ind. — Gallelli Real Estate’s The Osborne Group has brokered the $29 million sale of a retail property occupied by CarMax Auto Superstore in the Indianapolis suburb of Carmel. The two-building property spans 55,536 square feet and features a main showroom, customer receiving bay, service shop and auto cleaning area. Robb Osborne and Kannon Kuhn of Osborne Group, along with Alex Davenport of Colliers, marketed the property on behalf of the seller, an entity doing business as MAX 22 LLC. Osborne’s team procured the buyer, Realty Income Corp.