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| Amy Sands |
CHICAGO, IL, May 31, 2022 – JLL Capital Markets has closed the $18.55 million sale of Crawfordsville Square, a 273,249-square-foot shopping center anchored by a high-volume Kroger in the Indianapolis suburb of Crawfordsville, Indiana.
JLL represented the seller, Lamar
Companies. Essential Growth Properties acquired the asset.
 |
| Clinton Mitchell |
Crawfordsville Square is anchored by a
strong-performing Kroger, which is the No. 1 grocery chain in the U.S. and
recently invested significant capital into the location by adding additional
grocery components, enlarging the pharmacy, adding a drive-thru and updating
technology.
 |
| Michael Nieder |
The 95-percent-leased center is also home to a synergistic and pandemic-proof lineup of tenants, including Dunham’s Sports, Burke’s Outlet, H&R Block, Shoe Sensation, Pet Supplies Plus and Burger King.
The
center is further complemented by non-owned outparcel pads leased to Starbucks,
Jiffy Lube, Applebee’s and more.
Positioned on nearly 36 acres at 1684
Crawfordsville Square, the shopping center is the dominant retail center
within, Crawfordsville, a college town 40 miles northwest of Indianapolis.
 |
| Crawfordsville Square, a 273,249-square-foot shopping center anchored by a high-volume Kroger in the Indianapolis suburb of Crawfordsville, IN. |
Wabash
College is five miles from the center, and both DePauw and Purdue University
are 30 miles away.
Crawfordsville
Square is located along Highway 231, the primary north-south arterial roadway,
and surrounded by robust neighborhoods with an average annual household income
of $70,000 within a five-mile radius.
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Agency Leasing and
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+1 832 244 9994
