Hanley Investment Group Real Estate Advisors arranged the $5.3 million sale of Eastview Commons, a newly constructed, four‑tenant retail center in Terre Haute, Indiana.
Hanley Investment Group’s Executive Vice President Dylan Mallory, in association with ParaSell, Inc., represented the seller, Gibson Development of Terre Haute, in an off-market transaction. The buyer, a private investor based in Pennsylvania, was self‑represented.
Built in 2025, Eastview Commons is fully occupied and features a diverse, internet‑resistant tenancy, anchored by a high-volume Chipotle location. The 9,140-square-foot property, located at 2499 IN‑46, is positioned as a pad to a Walmart Supercenter, one of the region’s highest‑traffic retail tenants, drawing more than 220,000 monthly visitors and ranking in the top 30% nationally.
Eastview Commons is located less than a quarter‑mile from the planned Lost Creek Landing, a new shopping center development by Gibson Development, where a freestanding Target broke ground in April of this year. Gibson Development has spurred development along IN-46 in Terre Haute, bringing many national tenants to the growing retail corridor.
The Chipotle drive‑thru location at Eastview Commons marks the brand’s first store in Terre Haute, which was previously one of the nation’s largest population centers without a Chipotle. Additional tenants include Azzip Pizza, an Evansville-based concept with 13 locations and its second store in the Terre Haute market; Route 46 Liquors; and Nailvana, the latter two operated by experienced multi‑unit operators.
