Viking Sells Muncie Mall for $8.78 Million

Muncie, Ind. – In less than two years, Viking was able to increase the occupancy rate of McGalliard Mall Shops to 95 percent.

Muncie, Ind. – Viking Partners LLC has sold the 59,292-square-foot McGalliard Mall Shops in Muncie to a private investor for $8.78 million. The property is located on 5.16 acres and is anchored by Panera Bread, Party City, Buffalo Wild Wings, Qdoba and more. In less than two years, Viking was able to increase the occupancy rate to 95 percent. When Viking acquired the development through Auction.com, the project was 51 percent leased. Colliers brokered the sale of the center, while Katz, Teller Brant & Hild provided legal counsel to Viking.

Scott Reid

 

 

 

 

Tagged under