Indiana

Westfield-Ice-Facility

Westfield, Ind. — The Nicholas Family of Cos. will develop, build and operate Westfield Ice Facility, a new multi-sheet indoor ice facility in the northern Indianapolis suburb of Westfield. The project will serve as a catalyst for further growth of the Grand Park District, a mixed-use development near the Grand Sports Campus, a major youth sports destination. Westfield Ice Facility will feature three NHL-sized stadium-style rinks, with a potential fourth rink for future expansion. Tiered seating will host up to 3,500 spectators. The project will also include a full-service restaurant, …

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Indianapolis — David Simon, chairman, CEO and president of Simon Property Group, passed away Sunday, March 22, after a battle with cancer. He was 64 years old. Simon Property Group’s board has appointed David Simon’s son, Eli Simon, as CEO and president. Eli Simon will also continue his role as COO and director of the company. Additionally, board member Larry Glasscock has been appointed to serve as non-executive chairman. David Simon joined the company’s predecessor, Melvin Simon & Associates, as CFO in 1990. In 1993, at 31 years old, he …

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stony-creek-marketplace

Noblesville, Ind. — Cushman & Wakefield has arranged the sale of Stony Creek Marketplace, a 204,810-square-foot, regional shopping center located in Noblesville, roughly 27 miles north of Indianapolis. Best Buy, T.J. Maxx and HomeGoods anchor the property, which was built in 2003. Other tenants include Barnes & Noble, Five Below, PetSmart, Ross Dress for Less and Shoe Carnival. Stony Creek Marketplace was fully leased at the time of sale. Evan Halkias, David Matheis and Bill French of Cushman & Wakefield represented the seller, Rainier Cos., in the transaction. The buyer was …

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village-park-plaza

Carmel, Ind. — CBRE has negotiated the sale of Village Park Plaza, a 290,016-square-foot power center located in Carmel, roughly 23 miles north of Indianapolis. Christian Williams, Michael Watson, Michael Kaider, Keegan Barrett, George Good, Richard Frolik, Adam Foret and Kevin Broderick of CBRE’s National Retail Partners team represented the seller, Washington Prime Group, in the transaction. Oakbrook Terrace, Illinois-based Pine Tree, in partnership with a state pension fund, purchased the property. Village Park Plaza was 99 percent leased at the time of sale to tenants including Walmart, Menard’s, Academy Sports, …

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McDonalds_Indianapolis

Indianapolis — Hanley Investment Group Real Estate Advisors has arranged the $1.9 million sale of a new, single-tenant ground lease at Southern Dunes Commons at Wellingshire, a nearly 19-acre mixed-use center under construction in Indianapolis. McDonald’s occupies the 3,780-square-foot building on a corporate-guaranteed, 20-year absolute triple-net ground lease. Dylan Mallory of Hanley, in association with ParaSell, Inc., represented the sellers, Wellingshire Partners LLC and Midland Atlantic Properties. Mehdi Star of Net Lease Exchange represented the buyer in the transaction. Southern Dunes Commons is approved for up to six restaurant and retail …

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former-kmart-round-lake-illinois

Round Lake, Ill. and Michigan City, Ind. — Mid-America Real Estate Corp. has arranged the sale of two retail properties in Illinois and Indiana. Andy Bulson, Mike Phillips, Dick Spinell and Mike Fitzgerald represented the seller and owner, Transformco — the company holding former Kmart/Sears assets — in both transactions. The first property, a 190,174-square-foot former Super Kmart store located in Round Lake, was purchased by Target Stores. The second property, a former Sears and Sears Auto Center complex situated directly within Marquette Mall in Michigan City, totals a combined 105,270 …

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Geist-Landing

Fishers and McCordsville, Ind. — Hanley Investment Group Real Estate Advisors has arranged the sale of four retail strip centers in separate transactions for $30.5 million in Indiana. Spanning 83,000 square feet, the properties include Brookschool Plaza, Sunblest Shoppes and Geist Landing in Fishers, and Geist Corner in McCordsville. Dylan Mallory of Hanley, in association with Parasell Inc., represented the seller in all four transactions. The first property, Brookschool Plaza, totals 22,400 square feet and was fully leased to tenants including Dunkin’, Sherwin-Williams and Ascension Medical Group. The seller was a …

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Franklin-Commons

Franklin, Ind. — Marcus & Millichap Capital Corp. (MMCC) has arranged $7.6 million in financing for Franklin Commons, an 85,980-square-foot retail center located in Franklin, about 20 miles south of Indianapolis. Garrett Fierstein of MMCC secured the financing with a local bank on behalf of the borrower. The five-year loan features a 6.5 percent interest rate, 25-year amortization period and a 70 percent loan-to-value ratio. Anchored by Kroger, Franklin Commons is also home to Marshalls, Ross Dress for Less, PetSmart and Five Below.

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eastland-plaza

Bloomington, Ind. — Louisville, Kentucky-based Kaden Cos. has acquired Eastland Plaza, a 125,000-square-foot shopping center in Bloomington, for $22.4 million. Situated adjacent from College Mall on 12 acres, Eastland Plaza is anchored by Petco, DSW, Dollar Tree and Rally House. Additional tenants include Jimmy John’s, McAlister’s Deli, Noodles & Company and Domino’s Pizza. The center was 80 percent leased at the time of sale. Rebecca Wells of Cushman & Wakefield represented the seller, an entity doing business as Eastland Plaza LLC, in the transaction.

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Academy Sports + Outdoors

Katy, Texas — Katy, Texas-based Academy Sports + Outdoors has opened five new locations in the fourth quarter of 2025. The new locations include Russellville, Arkansas; Seguin, Texas; Fort Wayne, Indiana; El Paso, Texas; and New Braunfels, Texas. With the addition of these stores, Academy will have opened 24 new locations by the end of fiscal 2025. Originally founded in 1938 as a family business, Academy now operates more than 300 stores across 21 states. 

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