Broad Reach Purchases Beech Grove Plaza Broad Reach Retail Partners is pleased to announce the acquisition of Beech Grove Plaza in Indianapolis, Indiana. The shopping center is shadow-anchored by Kroger and features Dollar Tree, Sears Appliance & Hardware, Fashion Bug, and a strong lineup of national and local shop tenants. Beech Grove Plaza is well located in southeastern Indianapolis just off the intersection of South Emerson Avenue and East Thompson Road.
"Beech Grove is a great addition to the Broad Reach portfolio. The center is in excellent condition and provides a solid going-in return with upside potential from vacant lease up and the unrealized value of a vacant 0.65 acre outparcel."
Beech Grove Plaza totals 66,889 square feet and is 85% occupied. The vacant 10,200 square feet is in shell condition and can be configured to meet the needs of numerous retail categories not yet present in the center. For leasing information, please call David Donato, Director of Leasing at 410.988.2335 or email to ddonato@broadreachretail.com June 20, 2007 | Category: Company News |
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