JLL Arranges $14.6 Million Sale of Retail Center in Greater Indianapolis Area

Muncie, Ind. — JLL Capital Markets has arranged the $14.6 million sale of a 77,871-square-foot retail center, Muncie Marketplace. The center is located in Muncie, Indiana, roughly 57 miles northeast of Indianapolis and three miles from Ball State University. Amy Sands, Clinton Mitchell, Michael Nieder and Tim Murray of JLL arranged the disposition on behalf of the seller, AlbaneseCormier Holdings LLC. Built in 2014, Muncie Marketplace was fully leased at the time of sale to tenants including Dick’s Sporting Goods, Michaels, Five Below, McAlister’s Deli, Kay Jewelers and GameStop. War Chest Real Estate LLC was the buyer.