Holliday Fenoglio Fowler, L.P. (HFF) closed the sale of Jefferson Pointe, a 407,363-square-foot lifestyle center in Fort Wayne, Indiana.
The HFF team marketed the property for the seller, Institutional Mall Investors LLC, as advised by Miller Capital Advisory, Inc. Jefferson Pointe Center SPE, LLC purchased the asset.
Completed in 2000, Jefferson Pointe is home to a variety of tenants, including Carmike Cinemas, Bed Bath & Beyond, Barnes & Noble, Marshalls, Ulta Beauty, Old Navy, White House Black Market, Vera Bradley, Michaels and Tucanos Brazilian Grill. Additionally, the center is shadow anchored by a separately owned Von Maur.
Situated on 50.09 acres at 4110 West Jefferson Boulevard, the center is strategically located in a highly trafficked area that sees an average daily traffic count of 62,860 vehicles. Jefferson Pointe is 3.3 miles from downtown Fort Wayne, which is the second largest city in Indiana after Indianapolis, and seven miles from the 12,010-student Indiana University Purdue University – Fort Wayne Campus. More than 29,800 residents earning an average annual household income of $86,154 live within the property’s ZIP code.
The HFF investment advisory team representing the seller included senior directors Amy Sands and Clinton Mitchell and senior managing directors Barry Brown, Dave Keller and Claudia Steeb.