IPA Facilitates Sale of Marwood Plaza Shopping Center in Indianapolis

by Hayden Spiess

Indianapolis — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has facilitated the sale of Marwood Plaza in Indianapolis. The Kroger-anchored shopping center totals 107,080 square feet. The property was originally developed in 1972 and completely refurbished in 2021. Kroger occupies 42 percent of the property’s gross leasable area. Bill Rose, Erin Patton, Scott Wiles and Craig Fuller of IPA represented the seller, Citivest Commercial, and procured the buyer, Core Marwood Plaza LLC. The shopping center was 93.5 percent occupied at the time of sale. Tenants include Buyer’s Market, Laundry & Tan Connection, Chase Bank, Los Patios Mexican restaurant, China One restaurant and H&R Block.

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