Hanley Investment Group Arranges Sale of Three Quick-Service Restaurants in Metro Indianapolis

by Hayden Spiess

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. David Leibowitz of IREA Inc. represented the buyer in the Chipotle transaction, a private investor based in Simi Valley, California. Jeff Ida and Doug Ogard of Marcus & Millichap represented the buyer in the Panera Bread acquisition, a private investor based in Hillsborough, California. A private investor based in Dallas acquired the Chick-fil-A property and was self-represented in the transaction.

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