JLL Capital Markets 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.
Crawfordsville Square is anchored by a strong-performing Kroger. The 95-percent-leased center is also home to 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. Wabash College is five miles from the center, and both DePauw and Purdue University are 30 miles away.
The JLL Retail Capital Markets Investment Sales Advisory team representing the seller was led by Managing Directors Amy Sands and Clinton Mitchell and Director Michael Nieder.
