Thursday, May 29, 2025
Read the Digital Magazines
Subscribe

Indiana

Ardalan Plaza
Architecture and DesignDevelopmentIndianaNews

Skender Breaks Ground on $19 Million Ardalan Plaza Building in Metro Indianapolis

by Abby Cox

Carmel, Ind. — Skender Construction has broken ground on Ardalan Plaza, a $19 million development that will serve as a gateway to the city of Carmel’s Arts & Design District. The property will comprise 8,000 square feet of retail and gallery space on the first floor, five luxury condominiums on the second floor and a private residence with a rooftop terrace spanning the third floor. Designed in the manner of an Italian villa, the project is a collaboration between the Carmel Redevelopment Commission and the Ardalan family. The project team …

Continue Reading
0 FacebookTwitterLinkedinEmail
Eidi Properties portfolio
IllinoisIndianaInvestment salesMichiganNewsNorth CarolinaVirginia

Eidi Properties Acquires 39 Shopping Centers Totaling 650,257 Square Feet Across Six States

by Abby Cox

Toledo, Ohio — Toledo-based Eidi Properties has acquired 39 shopping centers totaling 650,257 square feet across Illinois, Florida, Virginia, Michigan, North Carolina and Indiana. This transaction, which features a mix of power centers, grocery-anchored plazas and community hubs, brings Eidi’s portfolio to nearly 80 retail properties and more than 1.5 million square feet. The properties were all purchased from Dembs Development. Joel Jerger of WesBanco, Andy Maher and Brian White of Waterford Bank, N.A., as well as John Skeldon and Joe Bajas of Cooperative Business Services (CBS), all based in …

Continue Reading
0 FacebookTwitterLinkedinEmail
Muncie Town Plaza
IndianaInvestment salesNews

Regency Properties Acquires 173,773-Square-Foot Retail Center in Muncie, Indiana

by Abby Cox

Muncie, Ind. — Evansville, Indiana-based Regency Properties has acquired Muncie Towne Plaza, a 173,773-square-foot shopping center in Muncie. Developed in 1997 and renovated in 2005, Muncie Towne Plaza was fully leased at the time of sale. Tenants at the property include Kohl’s, T.J. Maxx, Old Navy, Ulta Beauty and Shoe Carnival. The property includes a 1.1-acre undeveloped land site immediately adjacent to Old Navy, which Regency plans to develop into a single- or multi-tenant space. The parcel can accommodate a 50,000-square-foot development. The purchase price and seller were not disclosed.

Continue Reading
0 FacebookTwitterLinkedinEmail
Smalls Sliders
Company newsDevelopmentIndianaLeasingNewsRestaurants

Smalls Sliders to Open 15 Restaurants in Indiana

by Abby Cox

Atlanta — Atlanta-based cheeseburger concept Smalls Sliders has signed a franchise agreement with operating group Indy Craves to open 15 new units, dubbed “Cans,” in Indiana. This marks the first multi-unit franchise deal in the state for the brand. Potential locations include Lafayette, Indianapolis, Kokomo, Fishers, Noblesville, Carmel, Muncie, Pendleton, Avon, Plainfield, Greenwood, Terre Haute, Bloomington and Columbus. The first of the 15 restaurants is scheduled to open in the next 12 months, according to a company representative. Smalls Sliders opened its first Can in 2019 and currently has more …

Continue Reading
1 FacebookTwitterLinkedinEmail
Indiana Retail Centers
IndianaInvestment salesNews

Marcus & Millichap Arranges $5.4 Million Sale of Three Retail Centers in Indiana

by Abby Cox

Indiana — Marcus & Millichap has arranged the sale of three retail centers totaling $5.4 million in Indiana. The centers are Northville Plaza, Kendallville Plaza and Michigan Road Shops. Northfield Plaza in Elkhart, located 15 miles east of South Bend, sold for $1.6 million; Kendallville Plaza in Kendallville sold for $905,000; Michigan Road Shops in Indianapolis sold for $2.9 million. Jordan Klink and Mike Banwell of Marcus & Millichap marketed the properties on behalf of the undisclosed seller.

Continue Reading
0 FacebookTwitterLinkedinEmail
Crossroads Plaza
IndianaInvestment salesNews

Marcus & Millichap Brokers $4.2 Million Sale of Retail Center in Merrillville, Indiana

by Abby Cox

Merrillville, Ind. — Marcus & Millichap has brokered the $4.2 million sale of Crossroads Plaza, a grocery-anchored retail center in Merrillville, roughly 30 miles outside Chicago. Ruler Foods, Trader Buck’s and Treasure Hunt Deals anchor the center, which totals 184,721 square feet. Additional tenants at the property include Family Dollar, Subway, Papa Johns Pizza and Rent-A-Center. Eric Abbott and Andrew Margulies of Marcus & Millichap, along with Adam Sklaver and Philip Kates of Marcus & Millichap’s Commercial Property Auction Services, marketed the property on behalf of the seller and procured …

Continue Reading
0 FacebookTwitterLinkedinEmail
IndianaInvestment salesNews

Cooper Commercial Brokers $10.9 Million Sale of Retail Center in Lafayette, Indiana 

by Hayden Spiess

LaFayette, Ind. — Cooper Commercial Investment Group has brokered the $10.9 million sale of Market Square Shopping Center, a retail center located in LaFayette, Indiana. An undisclosed buyer purchased the property. Situated on 20 acres, the property totals 132,000 square feet.  Tenants at the property, which was 84 percent leased at the time of sale, include Dollar General, the State of Indiana, Indiana BMW, Arni’s Pizza, First Merchants Bank and Rent-A-Center. Dan Cooper of Cooper Commercial Investment Group represented the seller in the transaction. 

Continue Reading
0 FacebookTwitterLinkedinEmail
Walgreens-Indiana
IndianaInvestment salesNet leaseNews

Marcus & Millichap Brokers $2.4 Million Sale of Walgreens-Occupied Property in Bluffton, Indiana

by Hayden Spiess

Bluffton, Ind. — Marcus & Millichap has brokered the $2.4 million sale of a single-tenant retail property in Bluffton, roughly 25 miles south of Fort Wayne. Built in 2023, the building is occupied by Walgreens, with approximately 4.5 years remaining on the triple-net lease. Jordan Klink and David Klink of Marcus & Millichap represented the seller, Eureka Limited Co., and procured the buyer, Valuecom22 LLC, in the transaction.

Continue Reading
0 FacebookTwitterLinkedinEmail
Fresh Encounter
Company newsIndianaInvestment salesKentuckyMichiganNewsOhio

SpartanNash Acquires 49-Store Fresh Encounter Supermarket Chain

by Hayden Spiess

Grand Rapids, Mich. — Michigan-based food solutions company SpartanNash has acquired Fresh Encounter Inc. (FEI), a 49-store supermarket chain with locations in Ohio, Indiana and Kentucky. This move expands SpartanNash’s retail footprint by 33 percent and marks the company’s second retail acquisition this year, following its purchase of Metcalfe’s Market in April. FEI stores operate under the banners Community Markets, Remke Markets, Chief Markets and Needler’s Fresh Market and have been a food distribution customer of SpartanNash for 58 years. The transaction is expected to close in late November, subject to …

Continue Reading
0 FacebookTwitterLinkedinEmail
GetGo-Cafe-Market
Company newsIndianaInvestment salesMarylandNewsOhioPennsylvaniaWest Virginia

Parent Company of Circle K Agrees to Acquire 270 GetGo Convenience Stores, Makes ‘Friendly’ Takeover Bid for 7-Eleven Owner

by Hayden Spiess

Laval, Quebec and Cranberry Township, Pa. — Alimentation Couche-Tard Inc., the Canadian parent company of Circle K, has agreed to acquire GetGo Café + Markets from Giant Eagle Inc., a supermarket chain based in Pennsylvania. GetGo’s portfolio includes 270 gas station and convenience store locations in Pennsylvania, Ohio, West Virginia, Maryland and Indiana. The company staffs approximately 3,500 employees. “We are excited to welcome GetGo into the Couche-Tard family,” says Brian Hannasch, president and CEO of Couche-Tard. “We look forward to growing together as we learn from and continue GetGo’s innovative …

Continue Reading
0 FacebookTwitterLinkedinEmail
Newer Posts
Older Posts