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| Amy Sands |
CHICAGO, Sept. 13, 2022 – JLL Capital Markets has closed the $14.6 million sale of Muncie Marketplace, a 77,871-square-foot retail center located near Indianapolis in Muncie, Indiana.
JLL represented the seller, AlbaneseCormier
Holdings, LLC. War Chest Real Estate, LLC acquired the asset.
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| Clinton Mitchell |
Built in 2014, the 100-percent-occupied center is leased to seven different national tenants, including Dick’s Sporting Goods, Michaels, Five Below, McAlister’s Deli, Kay Jewelers and GameStop.
Michael Nieder
Situated at 600-636 E McGalliard Rd., the property is strategically located adjacent to a high performing Target and the 636,000 square feet Muncie Mall along the McGalliard Road Retail Corridor, which serves as the primary retail nucleus for the Northeast Indianapolis consumer base.
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| Tim Murray |
Muncie Marketplace is just three miles from Ball State University, which has a total enrollment of approximately 22,500 students and 1,250 staff members.
JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers.
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| Muncie Marketplace, Muncie,IN |
The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment and sales advisory, debt advisory, equity advisory or a recapitalization.
The
firm has more than 3,000 Capital Markets specialists worldwide with offices in
nearly 50 countries.
CONTACT:
Jenna
Sharp,
JLL Associate
Public
Relations
Phone: +1
214 394 3356
Email: Jenna.Sharp@am.jll.com
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