6 shopping centers in Indiana and 1 shopping center in Atlanta
Colliers has closed the sale of a 184,961 square-foot retail portfolio comprised of 7 centrally located assets in 6 shopping centers across Indianapolis, Fishers and Lafayette, Indiana and 1 asset in Atlanta, Georgia. Made up of highly functional multi-tenant retail facilities, the portfolio is 94% occupied by a diversified rent roll of more than 80 tenants.
Alex Davenport and Alex Cantu of the Colliers Midwest Capital Markets team facilitated the transaction on behalf of Mann Properties, an Indianapolis-based real estate firm that develops commercial and residential projects throughout Central Indiana and North Carolina.
Peter Block with Colliers represented the buyer, Baceline Group, a private real estate investment firm based in Denver, Colorado that focuses exclusively on neighborhood shopping centers. Baceline Group’s in-house team will assume the portfolio’s property management and leasing services. Peter Block, lead of Colliers’ Chicago-based retail investment practice group, represented Baceline in the purchase.