Rivergate Shopping Center

Prudent Growth Partners Acquires Rivergate Shopping Center in Metro Indianapolis for $4.4 Million

by Abby Cox

Shelbyville, Ind. — North Carolina-based Prudent Growth Partners has acquired Rivergate Shopping Center, a 45,314-square-foot shopping center located in the Indianapolis suburb of Shelbyville for $4.4 million. Farm equipment supplier Rural King shadow anchors the property, which was built in 1985 and renovated in 1995. Rivergate Shopping Center was 93 percent leased to a mix of retail, fitness, financial and medical service-based tenants at the time of sale.

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