JLL Capital Markets has closed the $14.6 million sale of Muncie Marketplace, a 77,871-square-foot retail center located near Indianapolis in Muncie, Indiana.
JLL represented the seller, AlbaneseCormier Holdings, LLC. War Chest Real Estate, LLC acquired the asset.
Built in 2014, the 100-percent-occupied center is leased to seven different national tenants, including Dick’s Sporting Goods, Michaels, Five Below, McAlister’s Deli, Kay Jewelers and GameStop.
Situated at 600-636 E McGalliard Road, the property is located adjacent to a high-performing Target and the 636,000-square-foot Muncie Mall along the McGalliard Road Retail Corridor, which serves as the primary retail nucleus for the Northeast Indianapolis consumer base.
The JLL Retail Capital Markets Investment Sales and Advisory team that represented the seller was led by Managing Directors Amy Sands and Clinton Mitchell and Director Michael Nieder, along with Vice President Tim Murray.
