Cushman & Wakefield has arranged two new fifteen-year leases totaling 30,317 square feet in Jeffersonville and Kokomo, Indiana.
Both leases are with Kinship PACE of Indiana, LLC, which will open its first PACE centers in Indiana that provide all-inclusive care for the elderly. They include 16,261 square feet at 1439 E 10th St. within Jeffersonville’s Youngstown Shopping Center and 14,056 square feet at 3734 South Reed Road within Kokomo’s Southway Plaza Shopping Center.
Donna Korn and Beau Ladwig of Cushman & Wakefield along with E.P. Scherer of Cushman & Wakefield | Commercial Kentucky represented the tenant in the negotiations for the lease at Youngstown Shopping Center.
Donna Korn, Beau Ladwig, and Gerry “Spud” Dick of Cushman & Wakefield represented the tenant in the negotiations for the lease at Southway Plaza Shopping Center.
The Youngstown Shopping Center is owned by Pearson 2016 Equity Inc. while the Southway Plaza Shopping Center is owned by Southway Plaza LLC.
Youngstown Shopping Center spans 178,000 square feet and is located in the Cherry Hill neighborhood of Jeffersonville. The retail development is in the midst of undergoing enhancements that will serve as a value-add for Kinship PACE.
Southway Plaza in Kokomo spans 120,000 square feet and is a retail center anchored by Starbucks Coffee, Dollar Tree and Pet Supplies Plus. The retail center is located across the street from Community Howard Regional Health Hospital, offering a medical synergy with Kinship PACE, and is just 45 minutes north of Indianapolis.