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| Amy Sands |
CHICAGO, IL, Jan. 10, 2022 – JLL Capital Markets has closed the sale of Apple Glen Crossing, a 150,163-square-foot, open-air power center anchored by Best Buy and Dicks Sporting Goods in Fort Wayne, Indiana.
JLL
marketed the property on behalf of the seller, Brixmor Property Group.
Berengaria Development, the real estate arm of Marcus Investments LLC, a
private investment firm, purchased the asset.
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| Clinton Mitchell |
Ranked in the top five percent of shopping centers nationally and in Indiana, Apple Glen Crossing is 94 percent leased to a dominant lineup of national tenants such as Best Buy, Dick’s Sporting Goods, Kohl’s, Shoe Carnival, PetSmart and Ulta Beauty.
Adding
to the diverse tenant mix are Triumph Box & Ryde, Cali Nails, Wendy’s,
Sports Clips, Herbalife, America’s Best Contacts & Eyeglasses, Warhammer
and The Hearing Center, among others.
Completed in 2000, the asset also has space
to expand with the addition of a 10,934-square-foot outparcel pad site, and the
property is shadow anchored by a non-owned Kohl’s and large discount retailer.
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| Michael Nieder |
Positioned
on 17.43 acres at 1720-1770 Apple Glen Blvd., Apple Glen Crossing has excellent
visibility due to its location between Illinois Road and Jefferson Boulevard,
which have a combined traffic count of 56,308 vehicles per day.
The property is also within Fort Wayne’s
destination retail corridor, which helps drive traffic to the center, which,
according to Placer.ai,
has welcomed 3.7 million visitors over the past 12 months.
The
center serves a trade area that includes137,293 residents and 117,687 daytime
employees within a five-mile radius.
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| Tim Murray |
For more news, videos, and research resources on JLL, please visit our newsroom.
CONTACT:
Kimberly
Steele
JLL Manager
Public Relations
Phone: +1
713 852 3420
Email: Kimberly.Steele@am.jll.com
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