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.
Crawfordsville, Ind. — JLL Capital Markets has brokered the $18.5 million sale of Crawfordsville Square, a 273,249-square-foot shopping center in the Indianapolis suburb of Crawfordsville. Kroger is the anchor tenant at the property, which is 95 percent leased. Other tenants include Dunham’s Sports, Burke’s Outlet, H&R Block, Shoe Sensation, Pet Supplies Plus and Burger King. Amy Sands, Clinton Mitchell and Michael Nieder of JLL represented the seller, Lamar Cos. Essential Growth Properties acquired the asset.
Memphis, Tenn. — Poag Shopping Centers has signed 14 new tenants to properties across its retail portfolio. New tenants include Mayweather Boxing + Fitness, 9292 Korean BBQ and OVME at The Avenue Peachtree City in Peachtree City, Georgia; Nothing Bundt Cakes at The Avenue Viera in Melbourne, Florida; Sola Salon Studios at The Avenue West Cobb in Marietta, Georgia; LensCrafters at Deer Park Town Center in Deer Park, Illinois; The Crack Shack, Nando’s, SkinSpirit and The Shade Store at LaCenterra at Cinco Ranch in Katy, Texas; the Museum of Dream Space …
Zionsville, Ind. — Hanley Investment Group Real Estate Advisors has brokered the $3.1 million sale of a two-tenant retail center spanning 11,400 square feet in Zionsville, a northern suburb of Indianapolis. Named Zionsville Station, the property is located at 10615 Zionsville Road. Tenants include Hotel Tango Whiskey, a local whiskey brand, and Pampered Pooch Resort and Spa. Dylan Mallory of Hanley represented the seller, Jackson Investment Group. Forest Bender of Marcus & Millichap represented the buyer, a metro Indianapolis-based private investor.
Terre Haute, Ind. — Sansone Group has sold Towne South Plaza, a 163,000-square-foot shopping center in the western Indiana city of Terre Haute. The property recently underwent a major roof renovation and is home to tenants including Ross Dress for Less, TJ Maxx, Dollar Tree and Best Buy. Grant Mechlin of Sansone and Ben Wineman of Mid-America Real Estate Corp. secured the buyer, Wild Moose Ventures, in the transaction.
Indianapolis — Marcus & Millichap has brokered the $3.9 million sale of Thompson Commons in Indianapolis. The 21,125-square-foot retail property, located at 5202 E. Thompson Road, is home to a five-tenant building as well as a freestanding urgent care building. Joel Dumes and Kyle Teets of Marcus & Millichap represented the seller, a limited liability company. The duo also secured and represented the buyer, an out-of-state limited liability company.
Fishers and Carmel, Ind. — Stan Johnson Co. has brokered the $18.7 million sale of two Fresh Thyme Market-occupied grocery stores in metro Indianapolis. The seller was a Chicago, Illinois-based private equity fund, and the buyer was a private equity fund headquartered in Mexico City. Mark Lovering of Stan Johnson Co. represented both parties in the transaction. Located at 11481 East 116th St. in Fishers and 3400 East 146th St. in Carmel, the freestanding properties are approximately 28,600 square feet each. Fresh Thyme Market has long-term net leases at both …
Hammond, Ind. — Marcus & Millichap has brokered the $8 million sale of a 55,010-square-foot retail center in Hammond, about 25 miles south of Chicago. Dollar Tree and Ross Dress for Less anchor the property, which was constructed in 2016 and is located at 1105 5th Ave. Additional tenants at the fully leased center include Rainbow and Sadoni Beauty Supply. Nicholas Kanich and Mitchell Kiven of Marcus & Millichap represented the seller, Luke Brands. Friedman Real Estate represented the buyer, Canyon Park Capital.
